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Getting a Mortgage When You Have Assets But No Income

Most early retirees have no pension, annuity, or Social Security income. Even if you’re a traditional retiree, you might have only one of those income streams. But what if your lifestyle plans require a home purchase? Even if you have the savings to afford a house, you might not necessarily be able to liquidate enough …

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Designing Your Home Ownership to Retire Earlier

The following is a guest contribution from reader and blogging friend Chris Mamula, a pending early-retiree in his 40’s. Chris has been writing on personal finance topics for several years. His efforts first came to my attention with his insightful review of my second book. In this post, Chris explores how to craft home ownership …

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Does Owning a Vacation Home Make Sense?

It was a crisp, cloudless autumn day in 2004. My son and I set off on mountain bikes from a trailhead in rugged north Georgia. We climbed gradually on an abandoned logging road. It led up through beautiful old hardwood forest to near the summit of a stately mountain. We leveled out, then began the …

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Renting vs. Buying: The True Cost of Home Ownership

Rent or buy? We’re about to choose a new home in a new location. So the question of renting vs. buying has come to the foreground for us again. Whether you’re newlyweds starting out, a middle-age couple downsizing, or seniors contemplating retirement communities, you too will likely need to evaluate the economics of renting vs. …

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Investing in Real Estate

Do you need to invest in real estate for a diversified portfolio? If so, what kind of real estate do you need to buy? And how should you own it: directly, through a Real Estate Investment Trust (REIT), or via a broad market index? Also, is your house just a home, or is it an …

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How We Sold Our House in 24 Hours

It’s true. We’ve downsized, and it happened fast. Our house was listed last month, late on a Tuesday evening. Early Wednesday morning, while packing to be out of town for a week, we started getting phone calls. By the time we left for the airport after noon, a half-dozen showings were scheduled. Late in the …

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