Can anyone recommend someone to take a look at our budget and advise us on if we are being smart with our money or not. We are considering selling our house and moving to a smaller house. Also, does anyone know the tax implications of making money on your house (lived in for 7 years) and then downsizing.
Also, I would prefer to find someone that we pay for these services. I know there are free services out there but would feel better if it was a paid service. We are not looking for someplace to put our investments but just to look at our big picture and make some recommendations.
Good morning,
I've had great experience with my financial advisor, Mark Squires. His fees are reasonable, and will meet with you at your convienience.
His cell number is: ###-###-#### If you have to leave a message becuase he's already face to face with a client, he will call you back right away.
Good luck and I hope this helps.
Traci Holman (Please mention me when you call Mark.)
A., I am not a professional finance advisor but I can answered your question. The laws said you have to live in your house for at least 2 years and when you sell it, you can make a profit up to $500,000(single) and 1 million (married) and no TAX. However, in Kansas the seller is reponsible for a bigger percentage of the property tax than the buyer.
When are you planning to sell your house? Right now, it's the buyers market. With that said, make sure you have a good agent and stage your house.
Have you tried taking 'Financial Peace University'? It's from Dave Ramsey. It really helped my husband and I sort ourselves financially so that we can live within our means and make good decisions with our money. You can go to http://www.daveramsey.com to find out where they offer it.
Hi A.,
The first thing would be to ask in your bank, I asked in mine and they gave me great advice and also someone that can takes care of that and if they recommend him, I trust him. I asked at the Valley View Bank, we have been working with them for years and I love it!
Good luck!
Mariana Abadie
www.MyKidsFirst.com
AS long as it is a primary residence you have lived in for at least two years there is no capital gains tax.
