Archive for January, 2013

Preferred Vendor Spotlight | Simplified Staging

posted on January 25th, 2013 | filed under: Uncategorized

I would like to introduce you to a new business we are partnering with – Simplified Staging.  The owner/operator Laura DeBell, offers a simplified approach to de-cluttering and staging your home.  Laura focuses on removing clutter and using your existing furnishings and accessories to allow your home to shine to potential buyers.

Here is a flyer with more information on Simplified Staging.

posted by Jeff DeChamplain // Leave A Comment

Mortgage Debt Forgiveness Extended

posted on January 10th, 2013 | filed under: Uncategorized

As a result of the “fiscal cliff” negotiations, the Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale, loan modification (including any principal reduction) or foreclosure.

Also under the agreement, so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers.  These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000.  The thresholds have been increased and are indexed for inflation so will rise over time.  Under the formula, filers gradually lose the value of their total itemized deductions up to a total of a 20% reduction. The reinstitution of these limits has far less impact on the mortgage interest deduction (MID) than a hard dollar deduction cap, percentage deduction cap, or reduction of the amount of MID that can be claimed.

Capital gains rates on the sale of principal residences will remain unchanged and continues to exclude the first $250,000 for single taxpayers and $500,000 for married couples.

SOURCE: CAR.org

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7 Tips for Keeping Your Financial Fitness Resolution

posted on January 7th, 2013 | filed under: Uncategorized

The new year is a great time to get yourself pointed in the right direction financially. “Making small improvements at the beginning of the year is a lot easier than trying to play catch-up,” says financial planner Rick Rodgers, author of “The New Three-Legged Stool: A Tax Efficient Approach To Retirement Planning.”

“Just as you would embark on an exercise program to lose weight and get physically fit, there are simple steps you can take that will lead to being financially healthy and fit.” Here are Rodgers’ seven tips for improving your financial life in 2013.

1. Review your credit report – Borrowing money isn’t the only reason to check your credit.  Employers check credit reports and so do insurance companies.  Your credit score can have a profound effect on the amount you pay for auto and homeowners insurance — and perhaps on health and life insurance in the not-too-distant future. Order your free credit report at AnnualCreditReport.com.

2. Set up an Automatic Savings Plan (ASP) – If your employer doesn’t offer this through payroll deduction you can set one up through your bank or brokerage account.  Simply have a certain amount of money withdrawn from your checking or savings account each month and deposited into your investment account. That way, you save it before you ever have a chance to spend it. Try to increase the amount you invest at least once a year.

Read the rest of this entry »

posted by Jeff DeChamplain // Leave A Comment

7 Tips for Keeping Your Financial Fitness Resolution

posted on January 7th, 2013 | filed under: Uncategorized

The new year is a great time to get yourself pointed in the right direction financially. “Making small improvements at the beginning of the year is a lot easier than trying to play catch-up,” says financial planner Rick Rodgers, author of “The New Three-Legged Stool: A Tax Efficient Approach To Retirement Planning.”

“Just as you would embark on an exercise program to lose weight and get physically fit, there are simple steps you can take that will lead to being financially healthy and fit.” Here are Rodgers’ seven tips for improving your financial life in 2013.

1. Review your credit report – Borrowing money isn’t the only reason to check your credit.  Employers check credit reports and so do insurance companies.  Your credit score can have a profound effect on the amount you pay for auto and homeowners insurance — and perhaps on health and life insurance in the not-too-distant future. Order your free credit report at AnnualCreditReport.com.

2. Set up an Automatic Savings Plan (ASP) – If your employer doesn’t offer this through payroll deduction you can set one up through your bank or brokerage account.  Simply have a certain amount of money withdrawn from your checking or savings account each month and deposited into your investment account. That way, you save it before you ever have a chance to spend it. Try to increase the amount you invest at least once a year.

Read the rest of this entry »

posted by Jeff DeChamplain // Leave A Comment

7 Tips for Keeping Your Financial Fitness Resolution

posted on January 7th, 2013 | filed under: Uncategorized

The new year is a great time to get yourself pointed in the right direction financially. “Making small improvements at the beginning of the year is a lot easier than trying to play catch-up,” says financial planner Rick Rodgers, author of “The New Three-Legged Stool: A Tax Efficient Approach To Retirement Planning.”

“Just as you would embark on an exercise program to lose weight and get physically fit, there are simple steps you can take that will lead to being financially healthy and fit.” Here are Rodgers’ seven tips for improving your financial life in 2013.

1. Review your credit report – Borrowing money isn’t the only reason to check your credit.  Employers check credit reports and so do insurance companies.  Your credit score can have a profound effect on the amount you pay for auto and homeowners insurance — and perhaps on health and life insurance in the not-too-distant future. Order your free credit report at AnnualCreditReport.com.

2. Set up an Automatic Savings Plan (ASP) – If your employer doesn’t offer this through payroll deduction you can set one up through your bank or brokerage account.  Simply have a certain amount of money withdrawn from your checking or savings account each month and deposited into your investment account. That way, you save it before you ever have a chance to spend it. Try to increase the amount you invest at least once a year.

Read the rest of this entry »

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NEW! Real Estate Market Trend Reports

posted on January 2nd, 2013 | filed under: Uncategorized

Here you will find everything you need to know about what is happening in today’s real estate market. Check out the options below and sign up to receive regularly updated reports.

The NEW Real Estate Report

This is a FREE and valuable report that you can receive each month. This real estate report presents the most complete data available anywhere, on the San Diego real estate market! Click on the report image to the right to access the online program and sign up today!

The Real Estate Report Features:

Get the Latest Information Available when you sign up for the San Diego Real Estate Report, you’ll get access to the most up-to-date information on San Diego real estate market trends and conditions.  The data is compiled monthly from the San Diego MLS data and is arranged in a simple, easy-to-understand format which includes a comprehensive narrative in the Market Overview section on the report.

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Jeff DeChamplain