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Mark Henricks

Mortgage, Retirement and Investing Expert

Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.

Posts by Mark Henricks:

by Mark Henricks May 20, 2022

A 1035 exchange can let you pay long-term care insurance premiums using a tax-free transfer from an annuity. This technique can save on taxes while providing you with desirable coverage to protect against the financial impact should you ever require long-term care in a nursing home or other facility. However, not all long-term care insurance companies will accept payments via 1035 exchanges. And the procedure has to be done properly to avoid exposing you to a potential tax liability. Here’s what you need to know. A financial advisor could help you put a financial plan together for your long-term care needs. Read more

by Mark Henricks May 20, 2022

When C corporations pay dividends to shareholders, the transactions get reported to both the shareholder and the Internal Revenue Service using Form 1099-DIV. This form gives the amount of the dividend as well as the classification of the dividend, which is important for determining how it will be taxed. Here’s what you need to know about reporting C corporation dividends to shareholders. A financial advisor could help you optimize an investment strategy to minimize your tax liability. Read more

by Mark Henricks May 20, 2022

Spouses and children of veterans may be eligible for a range of benefits after the veteran dies. Benefits available to qualifying survivors include cash payments as well as help with healthcare and education expenses and even home loans. Here’s what you need to know about VA survivor benefits in 2022. A financial advisor can help you create an estate plan for your family’s needs and goals. Read more

by Mark Henricks May 17, 2022

It is entirely possible for a retired person to get a mortgage to buy a home and lenders are not allowed to use age to make credit decisions. A loan application from any borrower generally will be… Read more

by Mark Henricks May 16, 2022

The bank or other mortgage lender that provides a borrower with the funds to purchase a home often later transfers or assigns its interest in the mortgage to another firm. When this happens, the… Read more

by Mark Henricks May 16, 2022

Real estate owned (REO) properties offer the opportunity to purchase homes for attractive prices to home buyers who can navigate the specifics of how these properties come to market. REOs usually… Read more

by Mark Henricks May 16, 2022

A mortgage note is a legal document which, together with a promissory note, describes the terms of the loan agreement between lender and borrower. It is signed at the end of the closing process when… Read more

by Mark Henricks May 11, 2022

A loan processor prepares a mortgage loan application for consideration by the loan underwriter. The loan processor requests credit reports and gathers documents from the applicant as part of getting… Read more

by Mark Henricks May 11, 2022

A Delaware Statutory Trust (DST) owns income-producing real estate and sells percentage shares of ownership to investors who expect to receive income and appreciation. DSTs can offer significant tax… Read more

by Mark Henricks May 11, 2022

Wealthy people often are divided into two categories, high-net-worth individuals (HNWIS) who have at least $1 million in liquid assets and ultra-high-net-worth individuals (UHNWIS) with $30 million… Read more

by Mark Henricks May 06, 2022

Mortgage bankers originate, underwrite and fund mortgage loans. They also may package and sell the loans to investors, although some keep the loans they originate and service them by accepting… Read more

by Mark Henricks May 02, 2022

Money spent to improve your home can save on taxes. However, the improvements have to be of a certain type, and you can’t claim the deduction until you sell your home. Capital improvement deductions… Read more

by Mark Henricks May 02, 2022

Condominiums and townhouses are home types that both appeal to buyers who are looking for simplified maintenance and lower prices than traditional single-family residences. While similar, each has… Read more

by Mark Henricks May 02, 2022

It is common for people to have more than one health savings account (HSA.) Changing jobs can lead to someone having multiple HSAs. Having more than one HSA offers some potential advantages, such as… Read more

by Mark Henricks Apr 21, 2022

A loss carryforward lets a taxpayer use a loss incurred in one year to reduce tax obligations in a future year. Businesses and business owners can carry forward net operating losses when expenses… Read more

by Mark Henricks Apr 19, 2022

Health savings accounts (HSAs) provide potent tax advantages to people saving for future medical expenses. HSAs are also portable if you change jobs and unused funds roll over at the end of the year.… Read more

by Mark Henricks Apr 19, 2022

Portfolio and direct investments are two approaches to investing that differ primarily how closely involved the investor is with the investment. The precise meaning of the terms can vary depending on… Read more

by Mark Henricks Apr 19, 2022

Buying a condominium means buying an individual unit in a property with public areas owned and managed by a homeowner’s association. Buying an apartment usually means buying a share of ownership in a… Read more

by Mark Henricks Apr 19, 2022

Workers of any age who become disabled may be able to qualify for monthly cash payments from the federal government. However, people older than 50 may find it easier to be declared disabled and… Read more

by Mark Henricks Apr 13, 2022

If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a… Read more

by Mark Henricks Apr 13, 2022

If you sell stocks at a profit, you will owe taxes on those gains. Depending on how long you’ve owned the stock, you may owe at your regular income tax rate or at the capital gains rate, which is… Read more

by Mark Henricks Apr 13, 2022

Real estate lets investors manage risk by diversifying their portfolios, provides opportunities for both reliable income and price appreciation and has special tax advantages as well. An investor… Read more

by Mark Henricks Apr 12, 2022

Diversifying a portfolio by investing in real estate can help to manage risk and potentially improve long-term returns. It can also boost income and your portfolio’s capital appreciation. Real estate… Read more

by Mark Henricks Apr 11, 2022

Auto and home insurance companies use your credit report to calculate an insurance score that, along with information including your claims history, decides how much you’ll pay for coverage. These… Read more

by Mark Henricks Mar 31, 2022

The VA loan program is designed to help veterans and active service members purchase homes with no down payments and despite less-than-ideal credit scores and existing debt loads. Federal laws states… Read more