Personal Finance Advice and Commentary

Monday, August 15, 2011 12:52 pm
By Jennie L. Phipps · Bankrate.com

After a couple of years of agonizing over the state of the housing market, my husband and I are about to break ground on a retirement home on Lake Erie, south of Detroit. I bought the vacant lakefront property with money in my self-directed IRA from a bankrupt developer three years ago when real estate

Tuesday, February 08, 2011 4:54 pm
By Jennie L. Phipps · Bankrate.com

The typical second-home buyer is a baby boomer, according to a 2010 survey by the National Association of Realtors. About 25 percent of second-home owners rent out their properties, the survey found. The rest use them for vacations and weekends an average of 50 days per year and otherwise, the properties sit vacant. Some 26