Name: Planning with Parker: Mortgages in retirement (Financial Safari)
Uploaded: 2020-06-15T17:40:35-0400
Duration: 313474
Description: What's the best way to tackle your mortgage in retirement? Well, it depends. Here are some options.

Shortages of teachers, infrastructure and technology workers will hamper schools' ability to provide the best education, facilities and tools to children, Superintendent Robert Taylor said Thursday.

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What's the best way to tackle your mortgage in retirement? Well, it depends. Here are some options.

and welcome back to Financial Safari and consumer advocates Steve Sadow and, of course, so with the Parker Holland, chief wealth strategist at Capital Financial. And this is called planning with Parker. Now let's talk about as obviously planning, planning for retirement Capital Financial. You again focus on that transition between the saving and the distribution on ultimate present preservation of that money. And where does the mortgage fit into? That used to be the day that you could see the TV shows with other burning the mortgage. How important is that? Mortgages aren't bad, especially with interest rates as low as they are in. A lot of people think they can't retire until mortgage is paid off. Okay, that's a huge misconception. Everything can be fit into a budget if it's if every other pieces of working together and what I love coaches heard him say before, God don't make a more land. That's a great hedge. And when you're paying a mortgage of 3% interest, it's fixed and you're earning 7% in a retirement account, er, an investment account that's always been the the argument we have to make math, verse, emotion and emotion normally always wins. So what we always focus on is personalized for each person we talked to is what is best for their emotional happiness versus financial happiness. And it is sometimes a very thin line, and we've talked before about good debt versus bad debt. So in the case of a mortgage with a low interest rate, if you don't have that much to pay off, that could be considered good debt, and it can. And you're leveraging the money. You're buying time, in essence, and that can actually greatly improve the retirement plan. But then, the vice verse of that, too, is a lot of people get to the last parts of the mortgage. Let's say when they only have a 10,000 left or Mawr, not drastic amounts. They're thinking of taking just wanting that lump sum, knowing they have the money there to knock it out. That could be a huge impact. I've seen this before. A person loaned themselves money from a 41 K to pay off a mortgage, paying off a loan with a loan. I mean it. You need to know how every moving part works, and that is a very important decision that needs to be discussed in another part of the discussion. That might be difficult. I think that times for you is if the house, if they've been in the house for 30 plus years, there may be things that need to happen to that house. And as we get a little older, the less apt we are. You want to do those things. And the other side of it, too, is lines of credit equity lines. People might not have a mortgage, but they have an equity line now, and I mean, that's still debt and they're doing it for house repairs because they've tackled the snowball of the mortgage. But now they're having to pay off that. I mean, you need to make sure what's right for you, because a lot of people forget. I mean, that house equity, that's an investment. That's a that's a tangible asset that can be used in your favor. And it just seems what's right for you, what state you're in, what tax laws are with the right all started. There's a lot of moving parts and that make and it may make sense at some point to decide. Well, I'm going to move to a more tax friendly state, and then the other part of it, too. I've heard a lot of questions recently about reverse mortgages. OK, good question. Can work. We're not saying is good or bad. Everything's case by case, but it could work. And a lot of people forget that when you have that property, if you're not looking at your marking it for the legacy for the kids, grandkids, whoever maybe it might be a great way to increase the retirement standard of living and by staying in the house and you can still be in the house, you and your spouse and you can still have full mobility, full access, pretty much full control. And but again, those air. Like you said, it's a case by case. This case, my good. It's not bad, but you've got to check it out exactly, and just pretty much like it comes to everything. It all depends on what's best for you and your plan. Sure, I appreciate how Parker addressed mortgages there, and this is just one of many topics that you address in your own box that these seven financial blind spots, what else do you speak of in there. Well, it's a Gigante. Let's talk about the mortgages concept, folks. Because, really, that's the biggest decision you made Your wife a lot of times is buying that house. And now another big decision is should you pay it off before you retire? No doubt my argument is no, not with interest rates as well as they are right now. Here's why. I don't recommend you pay your house off because a lot of times you want to take the money out of your 41 K your retirement plan to pay your house off. So now you're gonna owe taxes on that money and you may have a penalty if you're under 59 a half a 10% penalty. Plus, you're robbing your retirement plan. You might not. People retire on time. You talk about that and many other aspects in that seven financial blind spots books at box it DVD workbooks in there. And I'm gonna put together your very own retirement plan with the team as well as give you the box set for the next 10 people call right now You get that golden ticket. All right, folks, that number to call is 888910 80 to 65 8889108265 or you can text breeze to 21,000 b r E e z e to 21000

Planning with Parker: Mortgages in retirement (Financial Safari)

Financial Safari: Mortgages in retirement

Coach Pete,Financial Safari,mortgage,personal finances,retirement,sponsored

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<p>Hi, everyone. Meteorologist Anthony Baglione here on this Friday where we're still looking at some relatively warm temperatures into this afternoon. 83 is where we should hit for a high temperature. Nice and quiet for us until we get later on into late this afternoon into this evening where we're gonna watch the potential for some showers and storms coming through. Not a ton of activity for us as we head later on into tonight. There's a look at rain chances though. They go up to about 50% as we head into that evening time frame. So if you have any plans tonight, if you want to go out and get a Friday evening dinner or something like that, it might be a good idea to a, get the indoor table and then b bring along the reindeer just in case tonight. Here's a look at Future cast. So we time this out looking pretty quiet here the next couple of hours that band back to our west, it should start to weaken as it gets closer to us. It may try and restrengthen them as we get into. Like there's four o'clock you can see on Futurecast 56 o'clock or so, some of those storms could be on the stronger side and then it pushes out of here as we get later on into tonight and then we see maybe a stray shower potential still outline for tomorrow morning. Here's a look at our severe potential today. Level one out of five for most of the viewing area. What this is saying is there could be some isolated pockets where we get some stronger storms. It looks like the best chances for that would be west of us. But gusty winds would be our primary threat as we get into this evening. 78 is where we go for our Saturday. A huge temperature swing there into Sunday at 59 scattered showers are gonna be likely though, especially Sunday afternoon into Sunday evening, they do start to taper off though late Sunday night. So for the Tar Heel 10 miler, that's tomorrow morning, we are proud partners of that. We're going to see temperatures in the sixties for the majority of the forecast there. A stray showers possible, but most of the morning is looking just fine for that event. Tomorrow. We head over the next seven. We go from 83 today all the way down to 59 on Sunday. A rebound of 66 on Monday and then a nice week next week attempts in the seventies, even a few upper sixties there Thursday looking pretty quiet after we get some rainfall there to close out our weekend.</p>

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Good evening. I'm Gayle Hurd. Welcome to tonight's joins for Thursday, April 18th, 2024. Well, let's get started tonight with our Carolina pick three. Our first winning number is a three. Our second number is three also and our third number tonight is two and our pick three. Fireball number is one. Joining me for tonight's drawing is our auditor from mcconal and Jones L LP. Now let's move to the Carolina pick four. Good luck. Everyone is that first winning pick four number. It's a seven. Our second number is six. Third number tonight is seven again and our fourth number is two and our pick for a fireball number is an eight. We're turning now to the Carolina cash five. If no one was the top prize tonight. Tomorrow, our prize is estimated at $235,000. Good luck. Everyone. Who's that first winning cash five number. It's 22. Second number is five third number tonight is it 25. Our fourth number is 10 and the final number in our cash drive this evening is 21. The North Carolina education lottery has contributed over $10 billion to education Thanks to your support. Get your winning numbers right here every night in your exclusive station for the North Carolina Education lottery. Thanks for playing. Have a great night.

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Good afternoon. I'm back. Global. Welcome to this news drawings for Thursday, April 18th, 2024. Let's get started with Carolina pick three. The first pick three numbers zero. The second is one, the third is six that are pick three. Fireball number is one. Joining me for this afternoon's drawing is our auditor for a con and Jones L LP. Now move on to Carolina pick for the first four. Number is three. The second is for the third is 54, is seven in our pick four. Fireball number is nine. The North Carolina education lottery has contributed over $10 billion to education. Thanks for your support and thanks for playing.

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After 22 years in business, Armadillo Grill on Glenwood Avenue in Raleigh has closed.



WE HAVE MORE RAIN IN THE FORECAST FOR THE WEEKEND. I'LL SHOW YOU COMING UP. THE LIST OF DOWNTOWN RALEIGH BUSINESSES SHUTTING THEIR DOORS IS ARMADILLO GRILL IS THE LATEST TO CLOSE FOR GOOD. >> WRAL'S SEAN GALLAGHER IS IN DOWNTOWN RALEIGH TO FIND OUT WITH THIS MEANS FOR THE GLENN WOOD, SOUTH AREA. SEAN, THIS WAS A SURPRISE TO A LOT OF FOLKS. >> YEAH, THIS WAS VERY ABRUPT SO ABRUPT THAT WE'VE SEEN A HANDFUL OF PEOPLE COMING UP HERE TRYING TO GET LUNCH ON THIS THURSDAY AFTERNOON AND THEY'RE MET WITH THIS SIGN ON THE DOOR, LETTING THEM KNOW THAT THEY ARE SHUT DOWN FOR GOOD, EFFECTIVE IMMEDIATELY AT THIS LOCATION. NOW, THIS TEX MEX RESTAURANT CALL THE CORNER OF GLENWOOD AVENUE AND TUCKER STREET HOME FOR THE LAST. 22 YEARS. IN A FACEBOOK POST, THE OWNERS SAY CHANGES IN THE RESTAURANT INDUSTRY AND RISING COSTS ARE WHY THEY'RE SHUTTING DOWN THIS LOCATION. IT'S THE LATEST IN A STRING OF STAPLE BUSINESSES RALLY, CLOSING CLOUDS BREWING, SHUT DOWN ITS RALEIGH TAVERN ON WEST STREET EARLIER THIS MONTH IN THE CAPITAL CLUB. 16 IS SHUTTING DOWN AT THE END OF THIS MONTH. OUR BELOVED REAL SAID THEY WILL LOOK FOR ANOTHER LOCATION TO SERVE THE RALEIGH COMMUNITY. BUT FOR SHARE MCCRACKEN OF GARDEN SCAPE DESIGNER FOR BUSINESSES AROUND THIS AREA. THIS IS JUST A SIGN OF THE EVOLUTION OF THE NEIGHBORHOOD. >> IT'S ELEVATING RIGHT NOW. PEOPLE THAT ARE NOT ABLE TO KIND OF ROLL WITH IT. NATURALLY COMING TO AN END AND MAYBE THERE WILL BE ANOTHER SPOT THAT'S PERFECT FOR THEM. BUT YOU CAN DEFINITELY FEEL THAT THERE IS A CHANGE GOING ON ON THE STREETS OF DOWNTOWN RALEIGH. >> AN ARMADILLO GRILL WILL ARE STILL OFFER THEIR CATERING SERVICES HERE AND THEY WILL STILL OPERATE THEIR FLAGSHIP LOCATION IN CARRBORO. BUT RENEE, THAT'S ABOUT 40 MINUTES AWAY RIGHT NEAR UNC CAMPUS. >> WHILE CUSTOMERS WILL HAVE TO DRIVE A LOT FARTHER AND WE WILL SEE WHAT ENDS UP TAKING ITS PLACE. THERE ON GLENWOOD

Glenwood South staple Armadillo Grill closes

Monday, Wednesday, and Saturday Powerball drawings, as shown live on WRAL.

Is powerball. Good evening, everyone. I'm Randy Trainer. Tonight. We have our life changing jackpot. It's estimated to be $80.7 million to get your tickets ready. Here. Come, tonight's winning numbers. Let's start things off this evening with the number 24. Right after that America. We have the number 54 and congratulations to Lisa Hayes from Illinois. She won $2 million playing powerball. All right, the rest of your winning number is 4447. And let's round it out tonight with the number 29 and tonight's win powerball number that's gonna be two and your power play multiplier is two. Let's take a look at tonight's winning numbers. Remember there are multiple ways to win. Good luck, everyone. We'll see you back here on Saturday night. It's time to play America's favorite.

Powerball Drawing

A crash has shut down all but one lane of Interstate 540 westbound near Buffaloe Road in Raleigh. Sky 5 is over the scene

Crash shuts down I-540 West near Buffaloe Road in Raleigh; Sky 5 is over the scene

Tuesday and Friday Mega Millions Drawing.

>> ACROSS AMERICA WITH MEGA JACKPOTS, IT'S MEGA MILLIONS. HELLO, MAYOR COMES ON CODE IS TUESDAY. APRIL 16TH AND TONIGHT'S MEGA MILLIONS JACKPOT IS AN ESTIMATED A NEW TIES. 148 MILLION DOLLARS. >> DUE TO TECHNICAL DIFFICULTIES. TONIGHT'S DRAWING HAS BEEN TEMPORARILY HALTED. ONCE THE MALFUNCTION IS CORRECTED, THE DRAWING WILL CONTINUE UNDER THE SUPERVISION OF THE AUDITOR. WE SAY TO THE STATION FOR ALL WINNING NUMBERS. >> SPOTTY SHOWERS AND THUNDERSTORMS POPPING UP HOW

Planning with Parker: Mortgages in retirement (Financial Safari)

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