Tax Guru-Ker$tetter Letter

Tuesday, July 08, 2003

As Fed Cuts Rates, Retirees Are Forced to Pinch Pennies (link to article expired) - Interest rates have always been a double edged sword. Lower rates are obviously great for borrowers; but it's not just banks that see their income pinched when the rates drop. People, often retirees, who have their money in cash type accounts (savings and CDs) see their interest income cut drastically.

Is Buying a Larger Home A Wise Financial Move? - A good look at how to decide how large & expensive a home to purchase.

What You Should Know About Buyer's Agents - I've always liked the idea of having a Realtor who looks out for the buyer's best interest, especially after having been burned by one who I thought was looking out for my interest, but had to side with the seller in a dispute because of the way most commissions are structured. The sharing arrangement among Realtors makes the buyer's agent a sub-agent of the listing agent, and thus required to work more on behalf of the seller than the buyer. As this article discusses, there are various strategies being used by so-called Buyers' Agents to avoid this conflict of interest problem.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 7/08/2003 10:01:00 AM Send this post: