Investing
All Donations Are Not Created Equal
Submitted by Sims Investment Management, LLC on August 30th, 2018Giving money to philanthropic causes is important to many of us. Year end giving in particular is popular with both donors and charitable organizations. The most common way to give money for most people is to simply write a check or put a donation on a credit card. The charity then typically sends us a receipt for our donation, and everyone is happy.
Not so fast.
First Time Homebuyer Tips
Submitted by Sims Investment Management, LLC on August 23rd, 2018Of all the things you’ll purchase in your lifetime, it’s likely that your home will be the largest, most expensive purchase you will ever make. While homes vary widely in price throughout the U.S., the median price of a home today is close to $300,000.
401(k) vs. IRA
Submitted by Sims Investment Management, LLC on August 16th, 2018As the go-to investment option for most companies and their employees, 401(k) plans provide many benefits to plan participants, including deferment of taxes, the likelihood of an employer match, and a high maximum allowable for annual contributions. But for those that are self-employed, or whose employer does not offer a 401(k), a traditional or Roth IRA is an option.
Reverse Mortgages
Submitted by Sims Investment Management, LLC on August 9th, 2018Introduced in 1989, reverse mortgages were designed for homeowners nearing retirement age. The premise behind a reverse mortgage is to allow those aged 62 or older, with at least 50% equity in their home, to tap that equity in the form of a payment that will be made to them monthly.
Why Do People Put Off Saving for Retirement?
Submitted by Sims Investment Management, LLC on August 2nd, 2018Infographic: First Time Investing for 20-Somethings
Submitted by Sims Investment Management, LLC on July 26th, 2018
Top 10 Financial Terms
Submitted by Sims Investment Management, LLC on July 19th, 2018If you don’t know the difference between asset-backed securities and securities, you may want to take a look at these common financial terms and their definitions.
Asset Backed Securities
Asset-backed securities are bonds or notes that are backed by assets such as credit card accounts receivable, auto loans, and home equity loans.
Best Tax Friendly Places to Live for Retirees
Submitted by Sims Investment Management, LLC on July 12th, 2018If you’re approaching retirement age, you may be considering a move to a more retirement-friendly state, particularly if your current state of residence imposes numerous taxes on social security, pensions, and other retirement income.
Things To Do Before Purchasing a Home
Submitted by Sims Investment Management, LLC on June 21st, 2018You’ve finally decided that it’s time to buy a house. Your family looks at area listings and picks out a few homes to view. In the process, you find the house of your dreams, only to watch it slip away as another potential buyer puts a bid on it, backed by their preapproval, whereas you don’t even know what your credit score is.