The difference between the price of your home and what you pay over the life of your mortgage is substantial. Making additional principal-only payments on your mortgage can reduce your interest and help you pay your loan off sooner. There are different methods for making additional annual principal payments. For example:
Patricia West, a great-grandmother and support worker for people living with mental challenges, says she “keeps working because of the economy.” She’s not alone. According to the Pew Research Center, roughly one in five Americans ages 65 and older (19%) were employed in 2023, a number that doubled over the last 35 years. Last
If you are retired and make financial gifts to charity, experts say Qualified Charitable Distributions (QCDs) can minimize taxes while supporting your favorite causes. As long as you have a traditional Individual Retirement Account (IRA) or 401(k), you have to take the required minimum distributions (RMD) once you reach age 72. Provided that you
Did you know that 65% of the families Working In Neighborhoods serves are single-mothers with children? Of all single-parent families in the U.S., single mothers make up the majority, and out of 12.2 million single parent families in 2012, more than 80% were headed by single mothers. Single parent women are raising 20 million
