Quotes of the Day

There are two big reasons why people retire earlier than planed. The first is that their employer pushes them out. The other reason is health. Once you lose your regular full-time job, you're very unlikely to find another one, or at least one that pays nearly as well. In most cases, the best you can hope for is to work freelance or on a contract basis, and even then, you'll probably make less money. [2021] - Frederick Vettese

In some less liquid, non-regional currencies, like GBP/USD or USD/CAD, price movements may be more erratic or nonexistent, depending on the environment. [2007] - Mark Galant

If you keep your blog focused--you can develop a reputation as an expert in your specialty, thus attracting the attention of prospective employers--maybe. [2013] - Richard N. Bolles

A conditional offer has at least one condition that must be satisfied for the deal to go through. You can include conditions for just about anything, though the most common are financing home inspection and broom-swept and, for a condo, a status certificate review (the status certificate includes important details about your condo, such as the reserve fund, any special assessments or lawsuits, condo bylaws, rules, maintenance fees and utilities; ask your lawyer to review it.) Although they're not conditional per se, ask for three walk-throughs as well. Think long and hard before including conditions, as they could cost you your dream home. If you do include conditions, make the deadlines tight--two or three days for a home inspection and a week for financing are generally enough. [2017] - Sean Cooper

Because I am not a fan of reverse mortgages, I'm going to suggest you investigate other options before you take this step. If you think you need to use the equity in your home to provide an income, do the math on selling your home and either downsizing or renting so that you free up some of your capital. If you are determined to use a reverse mortgage, make sure you understand the covenants, or legal promises, you are making. Are you promising to keep the property in good repair? What'll happen if you don't? And how will the lender monitor the condition of your property? [2013] - Gail Vaz-Oxlade