Building an Emergency Fund

We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Let’s call them Kurt and Diana. Together, they earn about $8,000 a month, but…

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The Science Behind Decision Making

In the 1940s, 90 percent of the stock market was owned by individual household investors. Today, with the widespread use of investment banking and mutual fund investing, individuals are responsible for trading only 20 percent of U.S. corporate equity.1 Do we no longer trust ourselves with investment decisions? You might think that, with so much…

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Should Women Strive to Work Past 62?

Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will “never retire.” In addition to keeping herself engaged and active, she may be doing herself a great financial favor as well. More women are working after 65, and some are even…

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Using an IRA Trust

Seemingly everyone has heard of an IRA, but few people know about IRA trusts. Perhaps more people should, for an IRA trust may provide a way to “stretch” IRA assets for decades to benefit multiple generations. An IRA trust is simply a revocable living trust designed to hold IRA assets. It will continue to house…

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Just the Stats for March 2017

Top 2 Retirement Concerns #1 is Costs associated with health care, #2 the risk of Social Security changes.1 Don’t Run Out On Me, Please Despite relatively high confidence levels about being financially prepared for retirement 70% still have a fair to great deal of concern about running out of money.1 How Much? Understanding how their…

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Checks and Balances: How Much Can a U.S. President Do?

Donald Trump has a broad presidential agenda that encompasses foreign trade, immigration, deregulation, taxes and investment in U.S. infrastructure. These policies are poised to impact certain industries over others, such as health care, energy, financial services and technology.1 Every presidential candidate enters the campaign with a platform of changes and priorities, which presumably dominate the…

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Quick money tips for February 2017

2016 Medical Expense Deduction  2016 is the last tax-filing year that taxpayers over age 65 can deduct medical expenses that exceed 7.5 percent of their adjusted gross income (AGI) on their tax return. Starting in 2017, all taxpayers are subject to the 10 percent threshold.1 Married couples may file separately if one spouse had substantial…

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What Does My Home Insurance Policy Cover?

Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is a wise idea. Homeowner policies routinely provide tornado, windstorm, & hailstorm coverage. If a tornado, windstorm, or hailstorm damages your home or yard, the insurer…

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Just the Stats for February 2017

Air Travel and Trying to Ketchup? At 30,000 feet, lower cabin pressure causes less oxygen to get into the blood stream. This tends to dull taste buds, giving folks an appetite for something hardier, like tomato juice.  German airline Lufthansa reports that it serves about 1.7 million liters of tomato juice each year.1 Not Sticking…

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