Are Reverse Mortgages Too Risky

Are Reverse Mortgages Too Risky

The Risks and Rewards of Reverse Mortgages

Retirees need sufficient income to get them through their golden years. If your home is your largest asset, though, what do you do?

The FHA started the reverse mortgage program for seniors just like you. Unlike a traditional mortgage with required monthly payments, the reverse mortgage pays homeowners age 62 and older some of their home’s equity. You may choose from a lump sum payment, monthly payments, a line of credit, or a combination.

In the last few years, the media ran wild with horror stories of scam artists taking advantage of seniors with reverse mortgages, but they’ve come a long way. Today, the reverse mortgage program offers seniors access to their funds without selling their home.

Like any other mortgage or loan, the reverse mortgage has its risks and rewards. Check them out below. View full post…

Posted: July 31, 2020
Under: Mortgages
By: Gust Lenglet
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Creative Tax Deductions

Creative Tax Deductions

Awards for Creative Tax Deductions – Or Not

Now that the 2020 tax season initial filing season is over, we’re hoping that the following might help to put a smile on your face. Every tax year, the IRS receives returns with deductions that are…well, let’s just say creative.

Some of these creative tax deductions are approved, some even make it to the tax court, where some of the judges must have a good sense of humor. Here’s the first one:

School-related costs
Normally, expenses you pay for your child to attend school are not deductible. However, one particular child had severe respiratory problems, so the parents sent him to a school in Arizona. They deducted the cost of travel to Arizona and his room and board as a medical expense. It was View full post…

Posted: July 24, 2020
Under: Income Tax
By: Gust Lenglet
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4 Basic Steps on Saving for Retirement

4 Basic Steps on Saving for Retirement

4 Steps on Saving for Retirement & Why You Should Start Early

It’s safe to assume that most people will agree that having a good amount of savings before you retire is something that’s really important. Once you stop working, even if you do get a pension, having a nice cushion of money to pay your bills, move, go on vacation, or spoil your grand kids with will be really nice!

In fact, a study conducted in December of 2019, showed that almost half of all Americans made the resolution to save more money in 2020. It ranked just as much in importance as getting a lot more exercise, eating healthier and losing weight.

Saving for retirement can be tough, especially if you’re View full post…

Posted: July 17, 2020
Under: Retirement
By: Gust Lenglet
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WP Rocket WordPress Plugin Review

WP Rocket WordPress Plugin Review

WP Rocket Review | Is this WordPress Caching Plugin Worth Your Time and Money?

Do you know what happens to your site’s traffic that has a one second delay in loading?

Well, it’s views go down by 11%, customer satisfaction by 16%, and conversion rates by 7%.

Looks like this could take quite a toll on your earnings as studies have confirmed.

Don’t worry! There are numerous options such as a WordPress plugin that could help you in countering this issue by speeding up the caching process of your website. However, the question is, which one is the best?

You don’t need to spend your time and money in testing many programs because we’ve got it covered for you. We tested many other caching options and found View full post…

Posted: July 10, 2020
Under: Website Hosting
By: Gust Lenglet
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Speedy Online Tax Services

Speedy Online Tax Services

Online Tax Services Help to Avoid These 7 Tax Return Blunders

If there’s one thing that we can count on, it’s that tax laws are constantly changing. To help us to cope, the better online tax services, such as ours at HBS Financial Group, Ltd., offer assistance to avoid the seven most common tax blunders.

These mistakes are not only made by first time tax filers with a very simple return, but also by those who file more complex tax returns. It is our hope that listing these seven types of errors will help you to avoid them.

Failure to report all taxable income

This is probably the area that so many taxpayers fail View full post…

Posted: July 3, 2020
Under: Income Tax
By: Gust Lenglet
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Filing My Tax Return Online

Filing My Tax Return Online

Filing My Tax Return Online or Use a Tax Preparation Service?

I’ve asked this question a few times, and depending on the individual, I’ve received a different answer. Those who knew more about taxes said filing my tax return online is the way to go. A few others who may not have known much about taxes, but were turned off by high tax preparer fees, agreed with them.

Others who doubted their ability to file taxes online said they would use a professional tax preparer. Some others said that a family member would prepare their taxes for them. They didn’t want the hassle and possible liability of an incorrect return.

Most all agreed and said that filing my tax return online made more sense. This method of filing your taxes has become View full post…

Posted: June 26, 2020
Under: Budgeting
By: Gust Lenglet
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Fast & Secure WordPress Hosting

Fast & Secure WordPress Hosting

Start Growing Your Business Today with Smooth, Powerful and Fast WordPress Hosting

Learn how Kinsta is the premier secure WordPress hosting for businesses of all size…

Are you looking for a professional and trustworthy secure WordPress Hosting company? Look no further. Kinsta has become known as a reliable powerhouse in the industry. They handle all the heavy and complicated site work so you can focus on what matters – building your business!

This means no more worrying about your site going down, slow speeds, or trying to contact support for hours on end. Instead you will enjoy a peace of mind knowing your site is safe, protected and operating smoothly!

Enjoy Blazing Fast Speed

Site speed is everything these days. People are constantly View full post…

Posted: June 19, 2020
Under: Website Hosting
By: Gust Lenglet
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Sound financial tips during COVID-19 uncertainty

Sound financial tips during COVID-19 uncertainty

Our financial tips during COVID-19 pandemic may help to ease your anxiety

(BPT) – The current COVID-19 financial landscape is unpredictable, causing anxiety for people of all ages. These sound financial tips during COVID-19 may ease your anxiety.

“Now more than ever is the time to take an active approach with your finances to position yourself for success,” says Danielle Seurkamp, CFP. “Knowledge is power during unpredictable times.”

Andy Mardock, CFP, agrees. “Emotions are running high with coronavirus concerns. Being informed helps you resist gut reactions driven by emotion so you don’t make a move you later regret.”

Both Seurkamp and Mardock are members of the View full post…

Posted: June 12, 2020
Under: Budgeting
By: BPT
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Best WordPress Hosting

Best WordPress Hosting

A Review of the Top 4 Websites That Offer the Best WordPress Hosting

It’s hard to imagine that anyone today hasn’t heard about WordPress. It truly is one of the easiest ways to build a website for any type of industry. Our review will discuss four (4) web hosting firms to determine who offers the best WordPress hosting.

Anyone who has or intends to build a website will need to setup web hosting. There are so many hosting companies today, it’s hard to pick the right one. If I had to pick the two most important issues to consider when selecting a hosting provider, it would be tech support and website speed.

We’ve been around for a while, and have had the opportunity to try out many hosting firms. Some have been good, and some should not be in the business.

Out of the many 100’s of web hosting firms, we’ve narrowed it down to four. Out of these four View full post…

Posted: June 6, 2020
Under: Website Hosting
By: Gust Lenglet
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5 Steps to Repair Bad Credit

5 Steps to Repair Bad Credit

5 Ways to Repair Bad Credit Yourself

The very first step you need to take to repair bad credit, is to focus on paying all of your bills on time. At the same time, begin reducing credit cards and other loans you may have. Using certain credit building tools may help too.

It’s a lot tougher to repair your bad credit than it is starting to establish new credit. You’re now in a more difficult position of trying to convince credit card issuers and other lenders that you can be an acceptable credit risk.

Even though you’ve messed up before and got behind on your payments, you have to convince them that you will do everything in your power to change your ways.

Getting a good starting point is very View full post…

Posted: June 5, 2020
Under: Credit Cards
By: Gust Lenglet
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Our firm provides the information in this website for general guidance only, and it does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with a competent professional tax, accounting, legal, or other professional advisers. For information on how to use this data, you are advised to read our Legal Disclaimer page and our Circular 230 page.
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