5 Reasons To Avoid Reverse Mortgages – Especially If You Need The Money

5 Reasons to Avoid Reverse Mortgages – Especially If You Need the Money

Please Note: This article contains affiliate links. If you click on those links, I may receive compensation.  If you're a senior who’s feeling financially insecure, you may be considering a reverse mortgage. But please don’t. Reverse mortgages sound like easy money. Instead of paying rent or mortgage, you get monthly payments for your house without having to sell it. Someone actually pays you to live in your own house. But the truth about reverse mortgage loans – and, yes, they are loans – is much more complicated. Use extreme caution when considering a reverse mortgage. It comes with a devastating…

Read More...
How To Design Your Retirement Portfolio At Any Age

How to Design Your Retirement Portfolio at Any Age

Please Note: This article contains affiliate links. If you click on those links, I may receive compensation.   What are the best investments for your retirement portfolio? That depends mainly on how much time you have until you want to retire – your time horizon. That’s the number one factor ruling your investment strategy. When you have plenty of time until retirement, you can shoulder a ton of risk for the chance enormous rewards. As your time horizon shrinks, you’ll start shifting gradually from aggressive growth toward income preservation. Before you start making investment choices, you’ll need to get comfortable with…

Read More...
Help! My Business Has Profits But No Cash

Help! My Business Has Profits But No Cash

How to Spot Cash Flow Issues and Fix Them Please Note: This article does include links that I may or may not profit from. Does your business show a profit on paper but still doesn’t have enough cash? Many new business owners find themselves in this completely confusing situation. And it can cause a lot of problems for your company – even put you out of business – if you don't know the best ways to address it. The thing is: Profits (making money) and cash (having money) aren’t the same. And your business can easily be swimming in one…

Read More...
The New Rules For PPP Loans

The New Rules for PPP Loans

They keep changing the rules – these are the latest Updated September 2020 Back when PPP (Paycheck Protection Program) loans first came out, there was a ton of confusion… and there still is. The rules have changed a bunch of times, and there’s legislation floating around right now that might change them again. But as of right now, here’s what’s going on with PPP loans. You can apply for a PPP loan through August 8, 2020 When Congress realized that most small business owners hadn't applied for or gotten PPP funds, they extended the application deadline. There are still funds…

Read More...