A Harvard-trained economist shares his top 21 money rules: 'Own your home' and 'try to buy in cash.' (via CNBCMakeIt)
5. Owning a home can reduce longevity risk.
In contrast, if you owned your home, home prices can soar or collapse, but you'll be insulated. Since you are neither buying nor selling your home, who cares what the housing market does? Your housing consumption is guaranteed through the end of your days.Or it may be someplace with no state income tax, no state estate tax, and no state inheritance tax.
Economists call the extra pay a "compensating differential." The key to taking advantage of it is to find something that you love and, ideally, others don't.How can you not shop around when there are so many options? Certainly, theI tell this to my students often.
Retirees who wait to claim can get hundreds of dollars more each month than those who take benefits early.
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