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Rosemary Carlson

Personal Finance Expert

Posts by Rosemary Carlson:

by Rosemary Carlson Jun 01, 2022

After more than 10 years of low inflation, we have seen a surge in inflation. A myriad of factors has converged to trigger inflation, including pandemic-related  lockdowns, a massive monetary and fiscal stimulus and supply chain disruptions. Here’s an overview of how inflation affects equities and what kind of investing style does best during investing. Consider working with a financial advisor as you adjust your portfolio to better handle inflation. Read more

by Rosemary Carlson Jun 01, 2022

From buying groceries to gasoline to automobiles, inflation has hammered Americans’ purchasing power. In fact, the most well-known metric of inflation has soared to a four-decade high. A myriad of factors has come together to increase inflation in 2021 and 2022. To remain financially healthy, we have to aim not only to invest so our money keeps pace with inflation, but also so we profit during it. We discuss several investments you can make to build your wealth during high inflation. Consider working with a financial advisor as you seek to adjust your investments to inflation. Read more

by Rosemary Carlson May 13, 2022

Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not inherit their money; only about 20% inherited their money. More than two-thirds of all millionaires are entrepreneurs. Here are some of the places the genuinely rich keep their money. Read more

by Rosemary Carlson May 06, 2022

When you get a mortgage, you may go through your bank or your credit union. These organizations are direct lenders that approve your mortgage in-house and fund it from their own pool of funds. Your… Read more

by Rosemary Carlson Mar 30, 2022

Your mortgage loan payment can go up and fluctuate. Whether your mortgage payment changes depend primarily on three factors. The factors are the type of mortgage loan you have, changes in your… Read more

by Rosemary Carlson Mar 24, 2022

The legal term “pur autre vie” means “for the life of another” in French and when used in property law refers to a life estate that a grantor bestows on another person, known as a life tenant, who… Read more

by Rosemary Carlson Mar 15, 2022

In a real estate contract initiated by a potential buyer of a house, an escalation clause is either an addendum to the contract or built into the original contract. It is a clause that says that… Read more

by Rosemary Carlson Mar 14, 2022

If you were born after 1960, your full retirement age (FRA) is 67, according to the Social Security Administration. When we think about retirement, most of us imagine retiring at our FRA, even though… Read more

by Rosemary Carlson Mar 14, 2022

The so-called Great Resignation is having a wide-ranging impact on our economy and the stock market. To retain and recruit employees, companies are having to pay higher wages. Having more money in… Read more

by Rosemary Carlson Mar 10, 2022

A Roth in-plan conversion lets you take a distribution that is rollover-eligible from your 401(k) plan and roll it over to a Roth account in the same plan. The Roth in-plan conversion can be a… Read more

by Rosemary Carlson Mar 10, 2022

The Roth IRA five-year rule will not allow you to withdraw tax-free earnings from your account until five years after your first contribution unless you meet certain conditions. In most cases,… Read more

by Rosemary Carlson Mar 10, 2022

Roth conversions are treated like ordinary income and taxpayers have to include the balance on their tax returns. How much you have to pay in taxes depends upon the amount of the conversion plus your… Read more

by Rosemary Carlson Mar 08, 2022

Since long-term care insurance is expensive, only 7% to 10% of Americans have a long-term care policy. According to the Department of Health and Human Services, more than 50% of us will need long… Read more

by Rosemary Carlson Mar 08, 2022

Financial risk, which is the probability of financial loss, can arise in numerous business and investment scenarios. For instance, a business can’t launch a product or service without taking on risk.… Read more

by Rosemary Carlson Mar 08, 2022

If you have retirement money in a traditional individual retirement account (IRA), you will have to pay taxes on it when you retire and start taking distributions. A traditional IRA is funded with… Read more

by Rosemary Carlson Mar 08, 2022

When building a retirement portfolio, you have many options to choose from. Stocks, bonds, mutual funds and exchange-traded funds (ETFs) can all be part of a basket of investments that will help you… Read more

by Rosemary Carlson Mar 02, 2022

FBO is an abbreviation for the common term “for the benefit of” and it is often used in estate planning. In a trust, the term conveys ownership and value to the trustee. The FBO legal language is… Read more

by Rosemary Carlson Mar 04, 2022

Charitable lead trusts (CLTs) and charitable remainder trusts (CRTs) are two types of charitable trusts that could benefit your financial plans for your estate. They provide tax-advantaged income to… Read more

by Rosemary Carlson Feb 28, 2022

Technically speaking, leaving the workforce between the ages of 61 and 65 is considered to be early retirement. However, according to the Life Insurance and Market Research Association, about 51% of… Read more

by Rosemary Carlson Feb 23, 2022

Mortgage payments are typically due on the first day of the month. However, if you buy a new home, when is your first mortgage payment due after you close on your loan? It’s not an exact science, but… Read more

by Rosemary Carlson Feb 23, 2022

An annuity is an insurance company product that sometimes appeals to investors who are risk-averse or who have contributed the maximum to their retirement accounts. One advantage of an annuity is… Read more

by Rosemary Carlson Feb 23, 2022

A certified public accountants (CPA) can help you minimize taxes, while a financial advisor can help you grow your wealth. A CPA is one type of financial advisor who focuses on tax issues and proper… Read more

by Rosemary Carlson Feb 23, 2022

Home equity lines of credit (HELOCs) and cash-out refinances are two methods of tapping into your home equity for cash. They are usually used in the consumer mortgage market to facilitate refinancing… Read more

by Rosemary Carlson Feb 23, 2022

A home equity line of credit (HELOC) and a home equity loan both free up cash by accessing the equity you have in your home. In both cases, the interest charges may be tax-deductible. The HELOC is a… Read more

by Rosemary Carlson Feb 18, 2022

If you suddenly find yourself with a bit of cash to invest – say you get a bonus, a big tax refund or a small inheritance – it can be a bit overwhelming. There are so many options available to… Read more