The #1 Question of 2015

Life Planning

The #1 Question of 2015

Every year a hot topic surfaces in the world of personal finance. In 2015, “How do I protect my identity?” has been at the top of the list. The answer normally involves paying for a monthly service to monitor credit and identity. And while we might not try to talk a client out of a…

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Annuity Advertising; Misleading at Best

During the past five years the #1 question I am hearing from clients and prospective clients relates to an annuity commercial most of us have seen or heard. The annuity promises a bonus up-front of 6-8% on your initial investment and a yearly guaranteed rate of return of 7%. If when you hear this promise,…

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I see the Light of Retirement

I see the Light of Retirement You are scheduled to retire on July 1st 2015, and the excitement is building, but before you get too excited make sure you have your bases fully covered. Before retiring consider 4 key issues, to include: medical, income, debt, identity. Medical planning is probably the most important issue to…

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Surviving the Chopping Block

Regardless of the positive trend of the U.S. economy, the threat of being a victim of company downsizing keeps many Americans awake at night pacing, wondering; Am I next? Can my family survive the loss of income? How can I keep myself from the chopping block? Unfortunately, in most cases, there’s not much an employee…

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Roth IRA’s

Stated simply, if you have cash in banks or assets in taxable brokerage or mutual fund accounts, but you do not have a Roth IRA, you are missing a tremendous opportunity. This article can end on the power of that one statement, but the advantages of the Roth IRA warrant further explanation. First, if we…

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Medical Bill Woes

According to a CNN report, 49.9 million Americans were without medical insurance in 2010. To seal the gap between those insured and uninsured the government signed the Affordable Care Act that requires every American to be covered by medical insurance or Medicaid. Unfortunately the complexity of the Act has many scratching their heads about coverage…

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The Foundation of all Financial Planning

When first entering the practice as a personal financial advisor I thought I understood financial decision making. It was easy: 1 plus 1 equals 2; add another 1 and we get 3. Financial Planning was logical and straightforward economics. If someone was in debt, the solution was to have them spend less and pay debt…

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Using Debt Properly

One of the most common financial questions we receive at The Financial Consulate is, “When is it best to borrow money versus using existing savings?” Oftentimes those in the business of providing financial advice will recommend borrowing money whenever you can get a relatively low interest rate. Unfortunately, people may not be aware that this…

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Enjoying Your Work

Given that the average human being spends more time working than in almost any other activity, it is critical that we enjoy our work. Joy is the foundation of a healthy, prosperous and fulfilling life. Unfortunately, most surveys say that 60-70% of workers dislike their jobs and are looking to get out of Dodge. I…

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