February 23rd 2012
Real Estate versus traditional investments
Advantages of investing in real estate (homes) versus traditional options such as IRA’s, bonds or stocks:
With your IRA, you cannot live in it
When purchasing a home, money is still available for other investments. For example, one would be exchanging one housing expense (i.e., rent) with a zero return on investment with another (i.e., mortgage) that provides a return on investment.
Studies have shown that owning a home is no more expensive than renting. Yet, even if this wasn’t true, history shows that owning increases wealth. In most cases, mortgages are similar to a forced savings account.
Tax Rewards in owning a Home
There is no doubt that selling investments such as stocks or bonds is easier than selling a home, but typically comes at a price through paying capital gains. The capital gains tax you pay on financial gains you receive is taxed much higher. This s
From time to time, knowledgeable sources from around the personal finance industry send us timely information, hoping to use Wallet Blog to better reach the general public. The following information about hurricane recovery tax benefits was sent to us by the California Society of CPAs, and we thought it would be both useful and of interest to our readers:
Saving money in your household finances needs to be a top priority, especially when you consider the difficult economy in which we are living. Every dollar and every cent counts and so does every one that you can save. There are many ways that you can stretch the hard earned cash in your household to make it last longer and work harder. Here we zero in on the top six money saving tips for your household that you can start doing not tomorrow, next week, or next month, but today!