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Judi Monday, Your Green Valley AZ Expert

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10 Ways To Update Your Bedroom

by Judi Monday, Your Green Valley AZ Expert

If you are thinking about updating your bedroom, here are 10 easy and relatively inexpensive ways to do it.

 

 

3 Kitchen Cabinet And Hardware Pairings To Try

by Judi Monday, Your Green Valley AZ Expert

A River Of Stone Runs Through It

by Judi Monday, Your Green Valley AZ Expert

60 Herbs And Their Uses

by Judi Monday, Your Green Valley AZ Expert

60 Herbs & Their Uses

60 herbs and their amazing uses

Link Between Clutter And Depression

by Judi Monday, Your Green Valley AZ Expert

As I always tell my clients selling their homes...clutter eat equity.  As it turns out, there may also be a link between clutter and depression as well.  Which means decluttering your home is not only important when but it may also be good for your health! 

10 Reasons You Should Never Buy Or Sell Without An Agent

by Judi Monday, Your Green Valley AZ Expert

Retirement Funds for Home Purchase

by Judi Monday, Your Green Valley AZ Expert

For the person who has good credit and income but not enough money for the down payment on a home, their qualified retirement program could offer them some help. The rules are different depending on whether it is a 401(k), a Roth IRA or a traditional IRA.iStock_000029879344-250.jpg

Up to half of the balance of a 401(k) or $50,000, whichever is less, can be borrowed by the owner at any age for any reason without tax or penalty assuming the employer permits it. There can be specific rules for loans from 401ks that would determine the repayment; interest is usually charged but goes back into the owner’s account. You can consult with your HR department to find out the specifics.

A risk in borrowing against a 401(k) comes if your employment ends before the loan has been repaid. The loan may have to be repaid with as soon as 60 days to keep the loan from being considered a withdrawal and subject to tax and penalty. Even if you continue with the same employer, failure to repay the loan could be considered a withdrawal also.

Roth IRA owners can withdraw their contributions tax-free and penalty-free at any age for any reason because the contributions were made with post-tax income. After age 59 ½, earnings may be withdrawn as long as the Roth IRA have been in existence for at least five years.

Traditional IRAs have a provision for first-time buyers which include anyone who hasn’t owned a home in the previous two years. A person and their spouse, if married, can each withdrawn up to $10,000 from their traditional IRA for a first-time home purchase without incurring the 10% early-withdrawal penalty. However, they will have to recognize the withdrawal as income in that tax year. For more information, go to IRS.gov.

Another interesting fact about this provision is that the taxpayer making the withdrawal can help a relative includes children, grandchildren, parents and grandparents.

If you want more information to clearly understand the issues involved relative to your specific situation, talk to your tax professional or consult www.IRS.gov.

If you are thinking about buying or selling a home in Green Valley, AZ, give me a call at 520-241-7780.  Your real estate needs are my top priority!

Check Out These "New" Concrete Furniture Designs

by Judi Monday, Your Green Valley AZ Expert

30 Gorgeous Garden Retreat Ideas For Your Green Valley AZ Home

by Judi Monday, Your Green Valley AZ Expert

Understanding The Purpose Of A Home Inspection

by Judi Monday, Your Green Valley AZ Expert

 

If you are thinking about buying or selling a home in Green Valley, AZ, give me a call at 520-241-7780.  Your real estate needs are my top priority!

Displaying blog entries 1-10 of 272

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Judi Monday
RE/MAX Valley Properties In Green Valley, AZ
210 West Continental Road
Green Valley AZ 85622
Direct: (520) 241-7780
Fax: (520) 648-2221