baby boomer retirement planning: Fair Isaac: Fair Or Unfair? - 10/10/08 01:01 PM
Fair Isaac: Fair Or Unfair? By Bill Roberts
The Fair Isaac company rates everybody's credit.
They do it for the banks and mortgage companies.
It is called your FICO score. FICO stands for Fair Isaac COrporation.
Because of the turmoil in our economy many people are seeing their credit scores plummet.
… (27 comments)
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baby boomer retirement planning: Don't Go To Jail, Collect Your $200 - 03/25/08 10:56 AM
Don't Go To Jail, Collect Your $200 by Bill Roberts
I received an email the other day from an ActiveRain member asking about using his Self-Directed IRA to buy a house that he could "rent" to his son. I want to respond to this by saying that a Self-Directed IRA should be … (20 comments)
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baby boomer retirement planning: Timing the Market - 03/03/08 11:20 AM
Timing the Market by Bill Roberts
Qualcomm is a local high tech company here in San Diego. Owning their stock has made quite few of their employees and other local people Millionaires. I figured that everybody could understand making money this way. You simply bought Qualcomm stock in the beginning and sold … (15 comments)
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baby boomer retirement planning: Memories Or Just Getting Old - 02/29/08 11:39 AM
Memories Or Just Getting Old by Bill Roberts
My wife was off work today and she wanted to watch Rachael Ray. OK, I like to cook so I used to watch her on Food Network all the time so I said "sure, let's watch her."
Lara Spencer, another of my "faves" from the … (12 comments)
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baby boomer retirement planning: Money, Money Everywhere - 02/27/08 06:27 PM
Money, Money Everywhere by Bill Roberts
Every newscast talks about the economy, the mortgage meltdown, and what the government is doing about it.
I'm sure that by now you realize that the housing crisis was brought on by the Fed's actions vis-à-vis interest rates. They (specifically Greenspan and Bernanke) destabilized the mortgage market, … (8 comments)
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baby boomer retirement planning: The Big Money Mystery of 2008 - 02/27/08 12:45 PM
The Big Money Mystery of 2008 by Bill Roberts
Everybody has an opinion about the Mortgage Meltdown. Everybody has a suggestion about how to "fix" it or prevent another occurrence.
I have my doubts about all this.
My friend Bill Archambault writes extensively about all aspects of the mortgage industry. If you don't know … (2 comments)
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baby boomer retirement planning: Not Again! A Real Estate Market Update - 02/27/08 11:18 AM
Not Again! A Real Estate Market Update by Bill Roberts
This morning on the CBS Early Show Mark Zandy, the Chief Economist for Moody's economy.com said that he expects another 10% decline in real estate values over the next twelve months.
Why are they doing this? Haven't they fueled this market decline enough? … (17 comments)
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baby boomer retirement planning: Spiderwick Chronicles - Not Really A Review - 02/25/08 11:46 AM
Spiderwick Chronicles - Not Really A Review by Bill Roberts
Yesterday we went to see Spiderwick Chronicles. It is a Nickelodeon production so I thought it must be "kid friendly." It just goes to show how out-of-touch I am. The special effects were great. It is a combination of "live" actors and … (10 comments)
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baby boomer retirement planning: Hey Super Agent What Do You Want? - 02/23/08 02:34 PM
Hey Super Agent What Do You Want? by Bill Roberts
Lenn Harley recently posted HOW TO SUCCEED IN REAL ESTATE SALES. GET REINTERMEDIATED . It was "Featured" so you may have read it. If you haven't read it you should.
I read and then commented on her post:
Lenn, As we take back the business, we … (4 comments)
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baby boomer retirement planning: Suspend "Due On Sale," Fix The Problem - 02/22/08 04:27 PM
Suspend "Due On Sale," Fix The Problem by Bill Roberts
Back in the good ol' days when we could buy property subject to the existing financing and there was nothing the bank could do about it, anybody could buy real estate. Qualifying wasn't an issue.
If a seller was "in trouble" it … (65 comments)
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baby boomer retirement planning: What This Country Needs Is A Good 5% Home Loan - 02/19/08 10:54 AM
What This Country Needs Is A Good 5% Home Loan by Bill Roberts
Here we are in the middle of a mortgage meltdown and a presidential campaign.
What good can come from all this?
One of the things that has really bugged me is all the negative comments made about people that couldn't qualify … (27 comments)
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baby boomer retirement planning: What Do You Do During A Recession? - 02/11/08 12:21 PM
What Do You Do During A Recession? By Bill Roberts
For the most part economic activity slows down during a recession. That is actually the definition of a recession: two successive quarters of decreased economic activity. There are various technical descriptions but this is good enough for our purposes.
Recessions always lead to … (15 comments)
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baby boomer retirement planning: How to Find Land - 02/08/08 12:03 PM
How to Find Land By Bill Roberts
Man has always had the urge to find new lands. It is what led to the discovery of the New World. It is what pushed us west from the Eastern Seaboard.
But just because all the land has been discovered doesn't mean that our thirst for … (5 comments)
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baby boomer retirement planning: How Low Can You Go? - 01/31/08 06:29 PM
How Low Can You Go? By Bill Roberts
I've been hearing a lot of criticism of the NAR's campaign that now is a good time to buy real estate. It seems that these self-professed experts on economics and the real estate markets think that this campaign reflects badly on Realtor's® because they … (23 comments)
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baby boomer retirement planning: Elements of Retirement Planning - 01/30/08 03:09 PM
Elements of Retirement Planning by retirement planning specialist Bill Roberts
If you are not yet retired (and maybe even if you are) there are things you need to know about planning for that (dreaded) day when you quit working (at your regular job).
Is it going to be a walk in the park? … (12 comments)
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baby boomer retirement planning: Lying In America - 01/29/08 10:33 AM
Lying In America by Bill Roberts
It would seem that lying is not acceptable in America. Look what happened to Martha Stewart. When they couldn't ‘get" her for insider trading, they got her for lying to a federal investigator.
But what about when the police lie? The other night on the CBS show 48 … (8 comments)
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baby boomer retirement planning: Buy Low, Sell High - 01/26/08 11:47 AM
Buy Low, Sell High by Bill Roberts
All the stock market pundits echo this mantra but then they advise just the opposite in their specific recommendations. When prices are going down they say "SELL" and when prices are going up they say "BUY."
The technical analyst looks for a "breakout" formation before … (8 comments)
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baby boomer retirement planning: Have You Ridden The REO Express? - 01/25/08 01:49 PM
Have You Ridden The REO Express? by Bill Roberts
This morning on Good Morning America there was a story about a bus tour of foreclosed houses. I think it was in Pismo Beach, California, but it could have been anywhere. Apparently they charge $20 a head and they take a busload (what's … (30 comments)
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baby boomer retirement planning: What Good Is A Neg Am Loan? - 01/20/08 11:04 AM
What Good Is A Neg Am Loan? by Bill Roberts
There is a lot of talk lately about people getting stuck with PAY OPTION ARMs that are really negative amortization loans. The general consensus seems to be that the mortgage industry really took advantage of people with these types of loans. It … (22 comments)
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baby boomer retirement planning: Baby Boomer Retirement Planning - The Basics - 01/20/08 10:53 AM
Baby Boomer Retirement Planning - The Basics by Bill Roberts
Retirement Planning is like planning for a trip. You can't really do much planning if you don't know where you want to end up. Just putting a little money aside with the idea that you'll need it when you retire is kind … (13 comments)
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