Jul 10th 2012 1:30PM
By Daniel Wagner WASHINGTON -- The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group. Outdated state laws allow big banks and other investors to reap windfall profits by buying the houses for a... Continue Reading »
Jun 7th 2010 5:30PM
The Internal Revenue Service wants to crack down on the billions of dollars in entrance fees held by retirement communities. In one case, Classic Residence by Hyatt, a for-profit community, might have to pay taxes on those entrance fees. In another, Mission Ridge, a not-for-profit community, might have to pay tax penalties... Continue Reading »
Jun 2nd 2010 3:26PM
Home values sank, the stock market plummeted, 401K plans were depleted, and today many of the nearly 40 million Americans in retirement are discovering they may have not been financially prepared for a doomsday scenario. One remedy many Baby Boomers, with their record-high level of home ownership, may not have considered... Continue Reading »
