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Are you a beneficiary of a trust?

What are your rights when you’re a beneficiary of a trust? What if you’re NOT the trustee, but only the beneficiary, and you are having trouble getting information from the trustee. You see the trustee is responsible for administering the trust on behalf of the beneficiaries – not for themselves, unless the trustee also happens […]

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Is Investing a Plan?

Many people think that investing IS their plan. I will use a flying analogy to illustrate how investing is not your plan. So if investing is not your plan, what is your plan? What are you really trying to do when you invest? Here then is an analogy from a flight perspective. When people focus on investing, […]

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What the Young Need to Know of Wealth

… and the not so young too. Turns out that the shift from benefits to contributions has caught the unaware and unobservant off guard. Long ago families lived near each other and took care of each other. With industrialization across the globe families began to move to industrialized centers (which became cities) and family care […]

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monthly payments

Budgeting – obsolete!

I can’t write this any better than Michael Kitces, so here’s his quote about the article by Helaine Olen linked to below. “Toss Your Budget. Why a pillar of personal finance isn’t nearly as essential as we think.” Quote: Toss Your Budget (Helaine Olen, Slate) – Despite the ‘conventional wisdom’ of budgets, a recent Gallup poll found […]

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Are There Any Disadvantages Associated With Paying off a Mortgage Early?

People tend to dislike debt of any kind. They also tend to believe that they don’t own their home until the mortgage is paid off. One should distinguish the different kinds of debt into good, necessary and bad. Mortgages are actually in the good debt category (rather than restate reasons, you may read the distinctions […]

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How Should You Buy a Car in Retirement?

You are retired and need to replace your car. How do you do that? Buy it with cash? Or get a loan? The answer is not a simple as one might think – it depends on how old you are and how expensive the loan and/or car are. This question refers to those who are […]

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What an Advisor Should Give @AdviceIQ

Many people think all they should get from their adviser is advice. However, thinking of them as a guide provides a much deeper understanding as to what you should get from them. Insights into things you hadn’t consider and pointing out things you would have missed are just a couple of things guides give. Read […]

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reverse mortgage

Reverse Mortgages and Retirement Income Planning?

You have probably heard the term Reverse Mortgage, but just what is it and what does one do for you? Here are some great resources to help you learn about them in the comfort of your home so you can decide how one may work for you (more on that later). Note: Home owners need […]

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Financial Well-Being … what’s that?

No surprise, what the financial industry thinks is financial well being is quite different than what people think it is. On the surface, one would think everybody thinks of financial well-being the same. However, the industry tends to tilt the perception towards goals and/or products towards those goals. But, according to the Consumer Financial Protection […]

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Medical debt problems?

Medical debt is a special kind of debt. Medical debt also tops the list of debt collection complaints at the Consumer Financial Protection Bureau (CFPB). You’ll find helpful tips below, from the CFPB, in how to manage medical debt, try to minimize it, and what not to do with those expenses. For example, don’t put medical […]

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