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Lee Huffman

Personal Finance Expert

Posts by Lee Huffman:

by Lee Huffman May 24, 2022

When diversifying your portfolio with alternative assets like real estate, it’s common to wonder how much real estate should be in your portfolio. While many people own the home they live in, generally that’s not considered a real estate investment. Adding real estate to your portfolio can add diversity and growth to your portfolio without adding significant risk. Here’s what percentage you should invest in your portfolio and how much you could take on. For help building a real estate portfolio as part of your overall investing plan, consider working with a financial advisor. Read more

by Lee Huffman May 20, 2022

Investors often look to real estate to diversify their portfolios and mitigate risk. However, many investors don’t want the responsibility or risk of owning individual real estate properties. REITs are a way to buy real estate to get the benefits of ownership without the headaches of managing properties. There are many different types of REITs available to investors, including a hybrid REIT that invest in both mortgage and equity investments. Let’s break down what a REIT is, the types of REITs available and if you should invest in a hybrid REIT. A financial advisor can help you create a financial plan for your real estate investment goals. Read more

by Lee Huffman May 20, 2022

Most of the time, carrying out a dead person’s last wishes is fairly simple – their assets are divided as the deceased directed in the will, everyone grieves and then moves on, possibly with slightly heavier wallets. Occasionally, though, there will be a challenge to the will that has to be resolved. If you think you need to challenge a will, here’s how to do so by yourself. For help with wisely handling an infusion of cash from an inheritance, consider working with a financial advisor. Read more

by Lee Huffman May 19, 2022

Family offices and hedge funds are two types of wealth management tools for high-net-worth investors and families. These platforms go beyond traditional financial advisors and provide additional… Read more

by Lee Huffman May 16, 2022

It’s easy to see your seemingly rich friend and forget about the fact that there are people in this country whose wealth makes the average doctor or lawyer seem like a pauper by comparison. Ultra… Read more

by Lee Huffman May 11, 2022

As investors accumulate wealth, many look to invest beyond traditional stocks and bonds. Investments through hedge funds and venture capital involve complex structures and higher risk, yet have the… Read more

by Lee Huffman May 10, 2022

Whether you’re buying or selling a home, getting the home under contract is just the start of the process. Since most Americans don’t buy their homes with cash, they need a mortgage to complete the… Read more

by Lee Huffman May 06, 2022

As you take steps to meet your financial goals, it is always important to keep in mind long-term planning. Long-term investment planning ignores the daily fluctuations of the market and, instead,… Read more

by Lee Huffman May 06, 2022

When buying or refinancing your home, you want to get the best deal on your mortgage. To find the lowest interest rates and best terms, you’ll need to decide between working with a mortgage broker or… Read more

by Lee Huffman May 06, 2022

Many seniors seek long-term care benefits from Medicaid because they don’t have a long-term care policy or the money to pay for care themselves. In order to qualify for benefits, Medicaid requires a… Read more

by Lee Huffman Apr 28, 2022

Mortgage payments are one of the biggest bills that most households pay each month. Some credit cards offer tremendous rewards and perks based on how much you spend on them. Because of that, it makes… Read more

by Lee Huffman Apr 28, 2022

If you’re looking to buy a new home or refinance an existing mortgage, the interest rate has a major impact on your monthly payment. Interest rates often change multiple times throughout the day, so… Read more

by Lee Huffman Apr 28, 2022

Life insurance policies provide a financial benefit to the people left behind when someone passes away. This money is available to cover burial expenses, pay off debt, replace lost income, and more.… Read more

by Lee Huffman Apr 28, 2022

Experts advise investors to build a diversified portfolio to minimize volatility and generate consistent returns. One of the ways that you can achieve diversification is to add hard assets to your… Read more

by Lee Huffman Apr 19, 2022

With the demise of company pensions, 401(k) plans have become the de facto retirement plan for the majority of American workers. These company retirement plans make it easy for employees to save for… Read more

by Lee Huffman Apr 13, 2022

A mortgage payment is often one of the largest monthly bills that a household pays each month. By reducing this payment, you can free up more money to invest for your future or pay off existing debt.… Read more

by Lee Huffman Apr 13, 2022

When investing in your future, it is important to understand how much income you can expect from your nest egg. Many people use the 4% Rule to calculate how much you can safely withdraw from your… Read more

by Lee Huffman Apr 12, 2022

With home values on the rise, many homeowners are tempted to access their equity for low-cost borrowing. Instead of refinancing or selling your home, you can use a home equity line of credit (HELOC)… Read more

by Lee Huffman Apr 11, 2022

As you shop for a mortgage, there are many different people and companies involved in the loan process. Two of these parties are the mortgage broker and the direct lender. When thinking about the… Read more

by Lee Huffman Apr 06, 2022

The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In… Read more

by Lee Huffman Mar 31, 2022

The so-called Great Wealth Transfer is underway. More than 10,000 baby boomers are turning 65 every day, and over the next 20 to 30 years trillions of dollars’ worth of wealth will transfer to the… Read more

by Lee Huffman Mar 24, 2022

When people hear that a child has a trust fund, they often assume that the child is incredibly rich. That isn’t always the case. There are many reasons why parents and guardians would want to create… Read more

by Lee Huffman Mar 24, 2022

A trust fund is a legal entity designed for holding assets, not a specific type of account as is thought in the popular imagination. Because of this, trust funds can be the owner of a variety of… Read more

by Lee Huffman Mar 24, 2022

Federal workers receive a monthly income in retirement based on specific formulas. While these formulas vary depending on certain factors, income and service years are key components of their… Read more

by Lee Huffman Mar 24, 2022

When a loved one passes away, most families hold a funeral to mourn, remember the deceased’s life and pay last respects. While these events are a good way to gather family and friends to honor the… Read more