Without insurance, Sabo explains, “If you have $500,000 in an IRA, then it can be eaten up paying for medical costs, and if you never go into a nursing home, you still have to deal with federal income tax, possible state inheritance tax and possible state income taxes.” He says th...
Barb Marquand: One is that after the mortgage is paid off, you lose the mortgage interest deduction on your taxes if you itemize. Now that's not going to be the biggest consideration in this, but it's something...
In case anyone forgets, I believe @Jan van Eck warned of a continuing crisis unfolding in parts of Canada: Revenues For Canada’s Oil Towns Dwindle As Firms Stop Paying Taxes And, this article from Oil Price contributor Tsvetana Paraskova gives further e
But, then again, the housing situation is so bad that such measures may be necessary. After all, if all these struggling homeowners lose their homes, whole neighborhoods will decline, and when that happens, vacated homes will get trashed. Who is going to want to buy a home that's infested...