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SMART MONEY STRATEGIES FOR EVERY AGE AND SITUATION
Your 60s and Up—The Retirement Years

Section 3 of 11:
REAL ESTATE:
Owning vs. Renting, What Is Right for You?
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Each section of this report contains useful tips, techniques and
action strategies that you can implement right away.  Combined
together, these tips and strategies are designed to help you learn
how to micro-manage your funds so that your money multiplies
itself.

Read on and reap the financial rewards!

Jordan E. Goodman
America’s Money Answers Man
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REAL ESTATE:
Owning vs. Renting, What Is Right for You?

By the time you retire, your children probably will have left your
home, and you might have more space than you need. Some
retirees sell their home and move into a smaller rented apartment
or a retirement community, either in the state where they have
been living or in a more benign climate.

If you sell your home, reinvest the proceeds in income-producing
stocks and bonds. Remember, you can avoid all capital gains taxes
on the sale of your home as long as your profit is less than
$500,000 for a married couple filing jointly or $250,000 for a
single, and as long as it has been your primary residence for two of
the past five years.

If you remain in your home, pay off your mortgage, if possible; you
do not want to expend your income on monthly debt. You might
take out a reverse mortgage, in which the bank sends you a
monthly check until you die. The amount is based on the value of
your home, your age and life expectancy, and the interest rate
on the mortgage.

Also consider various forms of real estate as income producers.
Rental real estate—as long as the rent is higher than your operating
costs—can be attractive though you may not want the headaches of
being a landlord. You can also earn significant income without
management hassles by buying into real estate investment trusts
(REITs), real estate mutual funds, or income-oriented
real estate limited partnerships.

HOW TO REAP THE REWARDS YOU DESERVE!

Starting Now . . .

Use the following Resources, Action Steps and Extra Info to take
the next step toward your solid financial future.

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RESOURCE | RESOURCE | RESOURCE
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Everyone’s Money Book on Real Estate
by Jordan E. Goodman

The ultimate dream for most Americans, despite some of the hurdles it poses, is owning a home. See how Everyone’s Money Book on Real Estate can help you get the most for your money, whether buying, selling or investing…..

www.MoneyAnswers.com/bookstore/

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EXTRA INFO | EXTRA INFO | EXTRA INFO
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In the market for a home?

ARC Loan
http://www.arcloan.com
1-888-ARC-LOAN

The Automatic Rate Cut Loan is a mortgage in which the rate only
adjusts downwards and never goes up. You can use and ARC Loan
to finance a new home or refinance an existing mortgage.