Mary was a surviving spouse. She and her first spouse, Ryan owned a lovely home and placed it into joint tenancy with...
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What can you tell me about reverse mortgages? The damage to my retirement account from the coronavirus has me considering it but want to make sure I know what I am getting into. Massive job losses, a volatile stock market and low interest rates caused by the coronavirus pandemic have caused many cash-strapped retirees to consider a reverse mortgage. But there are many things to consider to be sure it is a good option for you now. A reverse mortgage is a unique type of loan that allows older homeowners to borrow money against the equity in their house (or condo). To be eligible for a reverse mortgage, you must be 62 years of age or older, own your own home (or owe only a small balance) and...
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In IR-2020-203, the Service announced its plan to mail letters to nine million non-filers. These nine million Americans generally do not file federal income tax returns, but may qualify to receive an Economic Impact Payment. Non-filers are urged to register by October 15, 2020, to receive a stimulus payment. Individuals may receive up to $1,200, and married couples could qualify up to $2,400. Those persons with qualifying children under age 17 may receive an additional $500 for each child. The IRS letters will be mailed to those who have not filed a 2018 or 2019 federal income tax return. Most of these Americans have moderate or modest incomes and are not required to file a tax...
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• HD Supply Reports Earnings
• Treasury Yields Drop
• Mortgage Rates Fall Further