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Parents Are Drowning In College-Loan Debt

That is a frightening headline.  What makes it frightening is right now, according to the Government Accountability Office, over 330,000 student loans have not had a payment in over a year. Another 180,000 are more than a month delinquent. Yes,…
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Wills and Trusts: Not just for Senior Citizens

Not very often do I just publish a link to an article, but occasionally there is an article worthy of so doing.  This article reminds us that we must have powers of attorney for healthcare and finances at ALL ages. A statement of physicians…
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Three Questions That Will Change How You Save Money

My clients live all over the world, and come from all walks of life. Their jobs range from tax accountants to teachers, from lawyers to longshoremen. Many own their own busi­ness in a myriad of different industries. But every single one of…
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Interest Rates For Dummies

That title is misleading.  I am not saying you are dumb because you aren't. But interest rates can be confusing and difficult to understand.  In fact, even most bankers and lenders do not understand how they work.  As a result, most people…
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TAX Time: What is different this year vs 1913?

As Americans finish yet another tax filing season, let’s take a look at the 104-year history of the income tax: Top Marginal Tax Bracket:  Has varied from 7% (the initial rate introduce in 1913) to 94% in 1942.  Of course the rate has…
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Need Cash Now

It doesn’t take long while watching TV or listening to the radio to hear a commercial encouraging people to contact any number of companies that will help you access the money of your life insurance before you die. In one commercial a senior…
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Government is not reason it is not eloquence it is force.

Every so often I come across a post that needs very little comment.  Today is one of those times.  This is the blog entry by Martin Armstrong. In the beginning of the entry there is a question posed about "Government is not reason, it is…
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Healthcare Costs in Retirement Haunt Baby Boomers

The Employee Benefits Research Institute (EBRI) just released a study showing that a retired couple could require as much as $350,000 to pay healthcare costs in retirement.  That is for a couple who is 65 years old in 2016. The report gives…
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America's Budget Nightmare

Twice a year, the Congressional Budget Office issues a report or rather  updates its annual “Budget and Economic Outlook.” This report projects the nation’s fiscal conditions for the next 10 years based on current laws. The most recent…
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A Sweep Account for Business Owners

There once was a time that it made sense for the business owner to use what is called a Sweep Account. One primary account was set up by the business as a checking account where money flowed in and out to pay for goods and services, payroll,…