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Reverse Mortgages

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At one time, reverse mortgages had a bad reputation. In addition to being heavily marketed by celebrity spokesmen, abuses and misuse were rampant. As a result, the federal and state authorities stepped in and tightly regulated the products.A reverse mortgage is conceptually the same as a traditional mortgage, except that there is no set ...

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Freezing Your Credit File

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While credit freezes aren’t a foolproof barrier against identity theft, they can help to keep your information out of the wrong hands. You can also strengthen your defenses by checking your credit regularly, reviewing bank and credit card statements for suspicious activity and setting up bank and credit card alerts to notify you of ...

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Four Unusual Ways to Boost Social Security Benefits

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Social Security retirement benefits can be an important part of any retirement income plan. Knowing the different options available can provide you with a greater chance of maximizing your benefits. There are pros and cons to each opportunity and what may work for you may not work for your neighbor. Some options that are less ...

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What Medicare Covers While Traveling

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There are only a few instances where Medicare will cover services obtained in a foreign country. There are some exceptions, including some cases where Medicare Part B (Medical Insurance) may pay for services that you get on board a ship within the territorial waters adjoining the land areas of the U.S. In rare cases, ...

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Property Taxes (And How To Lower Them)

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Property taxes are a major source of income for city, county and state governments, and other entities such as school districts. Calculating a property owner's tax due starts with determining the market value of that particular piece of property. This is determined in one of three ways: 1) the projected sales price, 2) the replacement ...

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