Your Mortgage, Tax Strategies and Retirement

I get the question a lot – should I pay off my mortgage. The answer is that depends.

If I told you that I had a vehicle that allowed you to pay $10 in interest to save $3 in taxes, would you do it? The answer is probably no. Assuming that you are in a 30% tax bracket to keep the numbers easy, that’s what a mortgage is – and that math doesn’t always go in your favor. Please be sure to consult your tax advisor with regards to the tax strategies discussed in this article.

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Should You Relocate in Retirement?

As many people approach retirement, they start thinking about moving. Before you move, make sure that you think it through.

Do you have family considerations that will keep you in your current area? Is it important to you to stay close to your children, your grandchildren or even your parents? As people are living longer, those in their sixties and seventies are finding themselves more and more responsible for the care of their parents or other older relatives. If this describes your family, you may want to come up with an alternative game plan before heading south.

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We’re Here to Help!

We’re here to help!

I am writing today to address the situation with the corona virus in Maryland and to assure you that we are both actively monitoring this situation as well as prepared to address your service and meeting needs should the situation become worse.

Not a day goes by that we don’t receive notice of another notice or closure due to the Covid-19 virus. We prepared and have begun implementing our contingency plans to be able to continue to offer you service, even if we are unable to physically be in the office.

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