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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 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 and up. The definitions matter to the financial services industry, which targets different offerings to members of each group. Depending on which category they fall into, wealthy individuals need and have access to varying types of investment products and financial services. Let’s compare the key differences between both. A financial advisor can help optimize your investments to minimize your tax liability. 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 borrowers’ monthly mortgage payments and handling taxes, insurance and recordkeeping. Are you thinking of getting a mortgage and considering getting some help with the process? You can find a financial advisor with SmartAsset’s free matching service. 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 usually aren’t important to sellers whose gains are less than the amount of the capital gains exclusion. But they can save thousands on taxes for people who spend a lot to improve a home and sell it for more than they paid. A financial advisor can help you figure out how to make capital improvements work within your financial situation. 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 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

by Mark Henricks Mar 30, 2022

A mortgage accelerator program can help a homeowner pay off the mortgage sooner and potentially save thousands in interest. These programs can permit homeowners to use a home equity line of credit in… Read more

by Mark Henricks Mar 24, 2022

Fannie Mae and Freddie Mac are government-sponsored enterprises that buy and sell home loans on the secondary mortgage markets. The two help make affordable financing available to home buyers by… Read more

by Mark Henricks Mar 24, 2022

Ginnie Mae is a corporation owned by the U.S. government that guarantees timely payments on home loans that have been made under various federal housing programs and packaged into mortgage-backed… Read more

by Mark Henricks Mar 23, 2022

Ginnie Mae and Fannie Mae are both key players in the home mortgage business. The two organizations help make home loans available and affordable by increasing lenders’ access to funds through the… Read more

by Mark Henricks Mar 23, 2022

Lenders ordinarily don’t welcome mortgage applications from recent graduates with lots of debt, limited income and little or no employment history. However, when the borrowers are newly fledged… Read more

by Mark Henricks Mar 22, 2022

There is no rule against having more than one 401(k) account. For people with a regular job that pays wages as well as a self-employment gig, it can make sense. However, the IRS restricts the total… Read more

by Mark Henricks Mar 21, 2022

The Hope Credit, which is the previous and perhaps better known name of the American Opportunity Tax Credit, is a federal tax break that can help people pay for college or trade school. This credit… Read more

by Mark Henricks Mar 15, 2022

Investing in royalty income can provide long-term returns to investors seeking to fund retirement or diversify a portfolio beyond stocks and fixed-income securities. Owning rights to royalties… Read more

by Mark Henricks Mar 30, 2022

A plan to retire at age 55 and live off the income from stock dividends will let an early retiree refrain from tapping the principal in his or her investment portfolio while also avoiding the need to… Read more

by Mark Henricks Mar 10, 2022

A home equity loan is a loan using your house as collateral — a somewhat risky move, but useful in some circumstances. Furthermore, you may be able to deduct the interest you pay on a home equity… Read more