You can make a contribution for the 2018 tax year until the date you file your taxes—and if you didn’t, you probably should. There’s Still Time to Get a Tax Boost by Contributing to an IRA Tax time is often a reminder that we could have done things a little differently the prior year. When […]
About Luke
Luke has 38 years experience in real estate transactions with a background in Construction, Property Management, Real Estate Brokerage, Mortgage Banking and Corporate Finance.Author Archive | Luke
Strategies to Lower Taxable Income
Tax reform might reduce your tax bill this year, but these Strategies to Lower Taxable Income, could be helpful too. Thanks to tax reform, many Americans will see their tax bills go down in 2018. The marginal tax rates have gone down, and the Child Tax Credit has doubled, just to name a couple of […]
3 Unusual Retirement Risks You Can’t Ignore
The stock market and personal health are two common things people tend to worry about during their retirement years. Visions of being forced to move in with their children, a lack of savings and real estate prices can also cause anxiety. While those may be top of mind for some, they may not really be […]
Americans Are Ramping Up Their Retirement Savings Efforts
We hear a lot about the importance of saving for retirement, especially given the fact that Social Security can’t sustain seniors by itself. And while new data from Bankrate reveals that many Americans are doing a better job of saving this year than in years past, most workers haven’t managed to ramp up their savings rates in 2018. Americans Are […]
How to Save for Retirement and Pay Down Debt at the Same Time
It’s not easy, but it can — and should — be done. If you’re among the 80% of Americans currently carrying some form of debt, it may seem like an impossible challenge to pay that down while also saving for retirement. Some people say it’s important to pay down your debt before you start stashing away money […]
3 Expenses That Will Probably Increase Once You Retire
If you’re not planning for these expenses ahead of time, you could be in for a rude awakening. In general, people tend to spend less during retirement than they did before they left their jobs. In fact, according to a 2015 study from the Employee Benefit Research Institute, median household spending dropped by about […]
3 Questions To Ask Before You Retire
Millions of people are getting ready to retire but unfortunately most people do not have enough money to retire comfortably. To help solve this problem, here are three questions people should ask before they retire: 1. How much money do I need at retirement to generate the income I need? Most people need to […]
Retirees across America are Facing a Fiscal Crisis
Uncle Sam isn’t the rich old uncle you thought he was Getting older can be tough, and it’s going to get even harder. Social Security, the government benefit program designed to keep elderly, the disabled and other vulnerable populations out of poverty, doesn’t even cover half of living expenses in […]
What Is a 401(k) Retirement Plan and How Does It Work?
What Is a 401(k) Retirement Plan and How Does It Work? A 401(k) plan is a good way for U.S. workers to save for retirement on a tax-advantaged basis. A 401(k) plan, named after the IRS tax code section that details 401(k)s, is an employer-sponsored retirement plan that enables career professionals to save money for […]
Where is the US Housing Market Headed?
Where is the US Housing Market Headed? Four Things You Need to Know! If you’re a real estate agent, odds are you haven’t been closing as many deals lately. A slowdown in new construction and a short supply of existing homes for sale have pushed housing prices so high that would-be buyers are either finding themselves […]
