Did you read about the couple who are being forced to pay off their deceased daughter’s student loans? Not only does this couple have to deal with the heart-breaking grief of losing their child, they are ruined financially as well. That’s because they have to use up their life savings to pay off her debts. […]
How To Safeguard Against Tax Scams
Take extra precautions when you prepare your tax return this year. That’s because more and more schemers are out there trying to steal your money and/or private information (so they can steal even more of your money). According to the IRS here are the top 4 tricks thieves use to rip off nice people like […]
What You Should Do About Your 401k And IRA Now
With the beginning of the New Year, there are lots of opportunities to give your financial future an extra boost. Besides investing your retirement money correctly, one of the very best ways to do that is to maximize your 401k and IRA contributions. Even though some of the laws that govern these plans have changed, […]
What Is Short Selling In The Stock Market?
When you sell stocks you don’t own, you sell short. That’s all there is to it. You might ask how it’s possible to sell something you don’t own and why people do this. Good questions. Let’s tackle one question at a time. How can you sell stocks you don’t own? Easy…..you borrow them from a […]
What Does A Financial Plan Look Like?
We spend a good deal of time talking about how important it is to have a financial plan. But what does that look like? Specifically, what questions does a financial plan answer? A good financial plan is designed to put you at ease. It tells you how likely it is that you’ll achieve your financial […]
What Beneficiary IRA Law Changes Mean To You
Early last year the U.S. Supreme Court mandated that inherited IRAs are not entitled to the same creditor protection as other retirement accounts. Does that mean you should change your IRA beneficiaries? Maybe. We’ll take a look of course but let’s get some perspective first. What is an Inherited IRA? If anyone other than your […]