Baby boomers are more likely to have depleted their savings before making the decision to default, leaving them with little to no money during their retirement. As a result, many boomers inadvertently remove their “safety net” of 401ks and other funds in order to maintain an underwater property.However, after walking away, few seem to regret their decision. Fifty-three percent of those surveyed said they would have made the same decision to walk away if they were 20 years younger. An overwhelming 97 percent said they would recommend their decision to a family member facing the same circumstances. Read the full article by clicking the link below. Contact our office for more information regardimg avoiding foreclosure via loan modifications or short sales.
http://www.dsnews.com/articles/what-keeps-baby-boomers-from-walking-away-2012-09-26
Accounts Receivable Tax ,Building Permit Tax ,CDL License Tax, Cigarette Tax, Corporate Income Tax, Dog License Tax, Federal Income Tax, Federal Unemployment Tax (FUTA), Fishing License Tax, Food License Tax , Fuel Permit Tax, Gasoline Tax , Hunting License Tax, Inheritance Tax, Inventory Tax, IRS Interest Charges (tax on top of tax), IRS Penalties (tax on top of tax), Liquor Tax, Luxury Tax, Marriage License Tax, Medicare Tax, Property Tax, Real Estate Tax, Service Charge taxes, Social Security Tax, Road Usage Tax (Truckers), Sales Taxes, Recreational Vehicle Tax, School Tax, State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal Service Fe e Tax, Telephone
Federal, State and Local Surcharge Tax, Telephone Minimum
Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax, Utility Tax, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax. Oh yes, and lets not forget you don't get off when you die either, the Death Tax!! ? Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids….. God Bless America!