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Home insurance 0 Comment

5 Things to Check on Your Homeowners Policy

Just because an individual has a homeowners policy or renters insurance doesn’t mean that they are covered for everything. Sometimes individuals assume that because they have insurance, they don’t need to worry about checking into specifics. However, without understanding what may or may not be covered, in the event of a claim, it’s better to know beforehand rather than adding insult to injury and finding out there wasn’t coverage. Flood coverage. In most cases this is excluded on a homeowners…

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Home insurance 0 Comment

7 Tips About the First-Time Homebuyer Credit

The First-Time Homebuyer Income Tax Credit has been really popular with lots of folks – and there is still time to take advantage of it.  As you may be aware, the name of the credit is misleading – it’s been expanded to include folks who owned a house for a significant period of time and have purchased a new home during the prescribed period as well. Like all tax provisions, this is one that you have to pay particular attention…

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401k 0 Comment

Investing Your 401k: A 2-Step Plan

If you’re like most folks, when you look at a 401k plan’s options you’re completely overwhelmed. Where to start? Of course, the starting point is to sign up to participate – begin sending a bit of your paycheck over to the 401k plan. A good place to start on that is at least enough to get your employer’s matching funds, however much that might be. In this article though, we’re looking at investing your 401k money. It’s not as tough…

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401k 0 Comment

Should I Pay Off Debt or Save for Retirement?

Over the last few weeks I’ve gotten quite a few questions from individuals ready to graduate college and start embarking on their first job. As is often the case, many of these individuals have varying amounts of student debt but also understand the importance of saving for retirement. Naturally, a common question is should they pay off student loans or save for retirement. Here’s my take. As I’ve mentioned in previous posts, there are few ways to receive guaranteed returns.…

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401k 0 Comment

5 Secrets about Your 401k Plan

Many folks have a 401k plan – it’s the most common sort of retirement savings vehicle that employers offer these days. But there are things about your 401k plan that you probably don’t know – and these secrets can be important to know! The 401k plan is, for many, the only retirement savings you’ll have when you reach your golden years. Used properly, with steady contributions over time, a 401k plan can generate a much-needed addition to your Social Security…

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Investing 0 Comment

Claim an Investing Philosophy

One of the most important parts of your overall financial plan is the investment plan. The investment plan is made up of three distinct parts: present value, projection of future inflows and outflows, and allocation. It is allocation that we’re most interested in with this article. Allocation is the process of determining the “mix” of your investment assets: stocks, bonds, real estate, etc. as well as domestic and international categories. Allocation is determined by the philosophy that you choose to…

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Investing 0 Comment

5 Strategies of Successful Investors

For a golfer looking to improve his game, it can be useful to study the top golfers’ strategies and methods. Investors can, in much the same way, learn from the “money masters”, the top group of the most successful investors. You might not have their resources or years of experience, but understanding their philosophies can help you in your own approach to investing. Think Like an Owner, Not Like a Trader This philosophy is as commonsense as the investor who is…

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Investing 0 Comment

How to Work with a Financial Professional

You probably wouldn’t climb a mountain without a guide. But when it comes to charting a financial course, many people feel they need to go it alone. That’s often not the best strategy, because our strongest money instincts—fear and greed—tend to block the path to success. Whether you are just starting out, changing course, or navigating one of life’s inevitable speedbumps, an experienced financial professional can help. After all, life is not a straight road; it has many unexpected turns—marriage,…

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Economics, News 0 Comment

This Finance Trend is so Hot Even Amazon Wants In

Ever wonder why we think it’s fun to scare ourselves with creepy movies and haunted houses? Some experts believe it gives us a sense of control. And of course there’s the relief when the fright is over and we know we’re safe. Money is a scary subject for a lot of us, but it helps to know that you don’t have to tackle your fears all at once. You can take them on in bite-sized chunks. Know good debt from…

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Economics, News 0 Comment

Insuring an Increasingly Connected World

When you prepare for any upcoming investment or purchase, you probably run into some unfamiliar language or terminology in your research, which can be frustrating and downright confusing. Searching for a long-term care insurance policy is no different. A long-term care insurance policy describes coverage under the policy, exclusions and limitations—and can be laden with industry jargon. Here’s a breakdown of the fundamentals: There are four primary components that determine your long-term care benefits and influence your monthly cost. 1. How…