The Dilemma of Troubled Adult Child Beneficiaries

Children we love grow up. Many parents with concerns about a struggling adult child are apprehensive about discussing such a sensitive topic. But broaching this subject can lead to a number of benefits for the family and for the adult child. Adult children who are struggling with addiction, irresponsibility with money, or messy marital issues […]

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Looming Government Pension issues impacts everyone!

Looming Government Pension issues impacts everyone!

Looming government pension issues at the State and Local levels impact not only current government employees, but retirees and taxpayers alike. Many have seen the National Debt Clock. However, this is only U.S. Treasury debt – which doesn’t include agency debt, unfunded liabilities of Social Security and Medicare, State and Local debt, some student education […]

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Twice the nightmares when identity thieves start your benefits without you!

Two headaches when identity thieves first use your identity to start your Social Security benefits, and then you having to contend with not having reported that income (you never got) to the IRS when Social Security sends the IRS and you the 1099 for that phantom income! Two bureaucracies to contend with for that single […]

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Photo by Mike Birdy

Home buying: Prequalification? Debt ratios? Rent vs Buy?

Home buying can be daunting, even for those who’ve done it before. The question of getting loan approval can be tricky. Having your debt to income ratios evaluated for loan qualification is also confusing to some. The Consumer Financial Protection Bureau (CFPB) has a good short description as to the difference between pre-qualification and pre-approval.  […]

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How do you use APR to calculate loan costs?

Lately it seems that many people are receiving offers to refinance their mortgages. Should you refinance? What does that offer tell you about expenses? It does say something about expenses. Here’s how you may determine what they’re saying those expenses are.   Online there is a lot of discussion about the APR, but not a […]

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