Shifting savings from stocks to property An Individual Retirement Account (IRA) is a savings program designed to defer income taxes on deposits and all gains until withdrawals are made. An IRA is an investment account, a conduit for the investment of savings, but not an investment itself. [Internal Revenue Code §4975(e)(1)] Funds held in an IRA may…
When one owns a property which must be managed especially if it is a business asset there a few things they should always put into consideration. Factors such as the actual size of the property its nature and one’s skill set as far as managing a property goes can largely affect how one ends up…
The percent of California’s mortgage debt balance that was 90+ days delinquent and not yet in foreclosure under a notice of default (NOD) decreased to 3% in the third quarter (Q3) of 2012. This was down from 4% one year earlier. The normal 90+ day delinquency rate for mortgages not yet in foreclosure is less…
91% of voters said big bank CEOs ought to be held personally and criminally responsible for wrongdoing perpetrated during the Millennium Boom. Though you, our dear readers, don’t always agree with our insights, we are definitely on common ground with this one! Unfortunately it seems that big bank CEOs have become too big to jail. At…
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