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Tuesday, October 29, 2019

1-Minute Video: With a traditional IRA, you may qualify for a tax deduction when you invest your money. But later, when you take the money out in retirement, all those distributions are taxed. The Roth IRA is the opposite. It has no...

Friday, October 25, 2019

1-Minute Video: In a “regular” mortgage, you make monthly payments to the lender. In a “reverse” mortgage, you receive monthly payments from the lender, and generally don’t have to pay it back for as long...

Tuesday, October 22, 2019

1-Minute Video: Here’s how laddering works. This strategy is based on the investment principle that the longer you commit your money, the higher your rate of return will be. For instance, A 5 year CD pays more than a 1 year CD. A...

Friday, October 18, 2019

1-Minute Video: Divorce has a psychological, emotional and financial impact on an entire family. The financial impact can be considerable as income changes and costs for support rise. Be prepared. Statistics show that only 42% of...

Tuesday, October 15, 2019

1-Minute Video: Statistics say there is a seventy percent chance that you or your spouse will experience a need for long-term care! Long-term care includes a range of services and supports you may need to meet your personal care needs....

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Friday, October 11, 2019

1-Minute Video: Dollar cost averaging is a stock market investing technique where you buy a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are...

Tuesday, October 8, 2019

1-Minute Video: Here are some tips to help you lessen your tax burden at the end of the year. First, be aware of any tax changes that will take place in the new year so you can use them to your advantage. Review your cost basis so you...

Sunday, October 6, 2019

1-Minute Video: A credit score is a 3 digit number based upon a number of factors from your financial activities. It is used to determine your creditworthiness for a mortgage, auto loan or credit card. A company called FICO creates...

Friday, September 13, 2019

Inventorying Your Possessions It is helpful for insurance purposes. It’s great to have insurance against damage and loss, but if you can’t show proof of your possessions, it may result in a protracted settlement process...

Saturday, September 7, 2019

1-Minute Video: People often ask us, “How long will it take to double my money?” You can find the answer with the rule of 72. Here’s how it works. Compounding interest is the interest you earn on a growing amount of...

Wednesday, September 4, 2019

1-Minute Video: The average American household debt is increasing. Some debt is good, but some debt is bad. Good debt includes borrowing for a home or college education. Good debt is often defined as debt that can help you generate...

Friday, August 30, 2019

1-Minute Video: Various financial industries strive to create standards of excellence through accreditation programs. When choosing a Financial Advisor, here are some designations you should look for. A CFP is a Certified Financial...

Monday, August 26, 2019

A Decision Not Made is Still a Decision Indecision can lead to no decision. Investment inaction is played out in many ways, often silently, invisibly, and with potential consequence to an individual’s future financial security....

Tuesday, August 20, 2019

1-Minute Video: A “Living Trust” is a trust you created that is active while you are alive versus a Testamentary Trust which becomes active at your death. When you create a Living Trust, you ensure that your assets will be...

Monday, August 19, 2019

1-Minute Video: The durable power of attorney is a legal document that allows a trusted person to act in your place if you’re incapacitated. If you are unable to act on your own due to accident or illness, they can step in to...

Thursday, August 15, 2019

1-Minute Video: A Living Will can also be called an Advance Health Care Directive. It is a legal document instructing what actions should be taken if you are unable to make decisions due to illness or incapacity. Medical intervention...

Monday, August 12, 2019

1-Minute Video: What are annuities and how do they work? Annuities are both a savings and an income investment that pays out over a period of time. It’s actually a steam of income you can’t outlive. An annuity is a flexible...

Wednesday, May 29, 2019

1-Minute Video: What is the real cost of identity theft? It goes beyond just financial loss. In the past, identity theft happened when someone stole your wallet or picked through your trash or your mail. Today's theft is much more...

Thursday, May 23, 2019

1-Minute Video: As life expectancy has grown, your retirement now can last between 20 and 30 years. So Social Security planning is critical, no matter how much money you have. It can make a difference of hundreds of thousands of...

Monday, May 20, 2019

1-Minute Video: What are required minimum distributions and how are they determined? Beginning at age 70.5, you must begin to withdraw money from your retirement accounts every year. The amount is determined based on your life...

Friday, May 17, 2019

1-Minute Video: We all think we know the basics about Social Security, but do we really know how different the benefits can be? The standard retirement age is between 65 and 67, depending on your birthday. Your monthly income, also...