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Finances

  • 5 Things You Need To Be Pre-Approved For a Mortgage
    06-13-2016
      While idly shopping for a home may be pleasant, serious homebuyers need to start the process in a lender's office, not an open house. Potential buyers benefit in several ways by consulting with a lender and obtaining a pre-approval letter. First, they have an opportunity to discuss loan options and budgeting with the lender. Second, the lender will check on their credit and alert the wou...
    7 Habits Of Successful Under 30s
    12-11-2015
    Embrace the unexpected Everyone has different methods and habits that to lead to their success, especially entrepreneurs. ...
    Pet Rent Puts the Bite on Empty Nesters
    12-08-2015
    Tight rental market, owning a dog or cat may be pricier than you think One of the primary reasons empty nesters decide to downsize is to reduce fixed costs. But many boomers poised to enter the tight rental market may encounter an unanticipated recurring cost that’s increasingly common: having to pay a monthly rental surcharge for their pets. ...
    Starting a Business After 50: Finding the Idea
    11-06-2015
    Here are common categories and ways to locate opportunities When I asked the 44,000 members of the Sixty and Me community what was preventing them from starting a business, by far the most common response was: “I don’t have a business idea.” The first step to take when starting a business is to examine your own strengths. But what next? How can you convert your passions, experience and ski...
    How to Get a Social Security Lump Sum Benefit
    10-05-2015
    This little-known goodie comes with some drawbacks You probably don’t know it, but Social Security can give you a big, lump-sum check for $40,000 or $50,000 or even more — a bonus, like winning a lottery. Should you take the bucks? ...
    Putting Financial News – Good or Bad – In Context
    10-01-2015
    Wealth Management Systems Inc. and provided courtesy of Morgan Stanley Financial Advisor. Investors’ reaction to economic news can be baffling. For example, positive economic announcements, such as an uptick in gross domestic product (GDP), stronger-than-expected earnings by bellwether companies or a drop in unemployment are sometimes followed by a market sell-off. If the market’s negati...
    Advice Can Add Value on Many Levels
    09-15-2015
    Today’s Internet-enabled, do-it-yourself world, many investors are opting to go it alone. They pick their own stocks, bonds and funds; choose their own strategies; and make their own buy-and-sell decisions. While this self-directed approach may work for some, it may not be the wisest course for many. Investment Complexity May Require Professional Advice...
    Use This 14-Point Checklist to Review Your Estate Plan
    09-15-2015
    Follow this guide to make sure you've covered everything in your estate plan Many Americans have estate plans in place — but unfortunately, many are incomplete and the most important subjects aren’t even addressed. I compiled this 14-point checklist to help create a sound estate plan, but first, if you don’t have an attorney who specializes in elder law, I strongly recommend that you get o...
    Long-Term Disability Insurance Vs. Long-Term Care Insurance
    09-15-2015
    Factors to consider if you're weighing which to buy after 50 Insurance is all about planning for the “what if’s,” by protecting yourself and your loved ones, against worst-case scenarios. As you age, these coverage decisions become more complex — and costly — in order to plan for the possibility that you’ll be unable to work or to take care of yourself (or both) for an extended perio...
    11 Best Apps for Retirement Planning
    08-10-2015
    GoBankingRates says they can make planning for retirement easier Many people might wind up with a vast and varied array of financial pieces scattered across their lives once they enter retirement. IRAs, savings or checking accounts, investments, Social Security, pensions, inheritances, real estate holdings and insurance benefits are just a few of the pieces of the retirement puzzle. ...
    Do You Need a Financial Plan?
    08-09-2015
    Even if you have limited resources, a financial plan is an invaluable tool to help you plan for the future. Learn more about the elements of a financial plan, and then contact your Financial Advisor to work on creating one. Who needs a financial plan? The short answer is everyone. Even if you have limited resources, a plan can be a critical tool toward achieving your long-term financial goals. ...
    Want to Work for Yourself? Here’s a Reality Check
    08-08-2015
    Brace for sticker shock if you decide to employ yourself Working for yourself is liberating — and extraordinarily expensive. You face steep tax bills, have to buy your own health and disability insurance, and need to fund retirement with no help from an employer. Add it all up, and the numbers start to look ugly. ...
    The Low-Risk Way to Start a Business in Retirement
    07-03-2015
    How to bring in part-time income without tapping your savings The pull of entrepreneurship for boomers looking for extra income in their Unretirement is its flexibility and the prospect of tailoring a venture to their desires. But many fear that starting a business in your 60s is too risky and that they’ll need to tap their retirement savings to do it. To this, I have two responses: It doesn...
    7 LinkedIn Tips to Grow Your Business
    07-03-2015
        Age doesn't matter; the key is knowing how to connect and present yourself As I reached my 50s, I was certain I wanted to move into another career. I’d risen up through the retail ranks to corporate training, had 25 years of experience and was an excellent salesperson. But how could my experience translate into the newly emerging digital and technological world? ...
    How Women Who've Never Invested Can Get Started
    05-08-2015
    Lack basic knowledge about stocks, bonds and mutual funds? Here's the way to wise up  Although grown-ups aren't supposed to believe in fairy tales, many women still cling to one — that their husbands will take care of their money. A recent study by Fidelity Investments found that husbands are the primary retirement financial decision maker for 37 percent of couples, and only 17 percent of ...
    Network for Success: It's Different When You're Older
    02-07-2015
      Rules to expand job opportunities and grow your career after 50 Too often, the advice we hear about networking is tailored for meeting new people at networking events and having the perfect "elevator pitch." Sure, that's important, but what if you already have a robust network that you've developed over a successful career? What steps should you take if you want to leverage that network ...
    Medical Bills: Even Worse Than You Thought
    11-04-2014
    NerdWallet Health says they're often confusing, but offers tips Seems like every other day, there’s a story about how health care costs are absurd or confounding. ...
    Potato Chips To Health Food: Inventure And The Future Of Snacktime
    11-03-2014
    The world of snack foods is a Manichean struggle for the soul of your stomach. Do you reach for the tasty, high-calorie, additives-rich mozzarella sticks–or less processed, lower-calorie fruits and veggies? Inventure Foods of Phoenix isn’t picking sides. It plays to both our better and worse angels of appetite. “We still believe in the ‘indulgent’ food business–it pays some bills, and ...
    4 Nasty Phone and Email Scams: How to Stay Safe
    11-03-2014
    The 'EZ-Pass' email and fake calls for computer repairs, taxes and grants Given the recent number of annoying telemarketing calls and suspicious emails I’ve received the past two weeks, it’s clear that scammers did not take the summer off. ...
    When It’s Better to Rent, Not Own, a Home in Retirement
    10-01-2014
    Retirees who crave flexibility sign leases instead of mortgage documents Many argue it’s best to own a home in retirement instead of renting one. But there are exceptions. ...
    Taco Bell Owner's Next Big Thing Is Vietnamese Fast Food
    10-01-2014
    Yum! Brands is hoping bánh mì sandwiches can be the next burrito. On Friday in Texas, the fast food behemoth behind Taco Bell, KFC and Pizza Hut launched its first Banh Shop, focusing on Vietnamese-style sandwiches made of meat or tofu with spices, vegetables and herbs on baguettes. ...
    The 7 Worst States to Get Divorced
    09-30-2014
    Don't untie the knot until you read this list Divorce is never a pleasant experience, even under the most amicable of circumstances. In the antagonistic structure of divorce court, there is always a winner and a loser. But some states are more unpleasant to get divorced in than others. The following are the seven worst, ranked based on their filing fees, length of time to process a divorce, res...
    5 Must-Know Retirement Savings Concepts
    08-24-2014
    Get a grip on these and you'll be on your way When it comes to investing for retirement in your 401(k) and the like, there are just five basic financial planning concepts you need to know. It’s that simple. That’s it. Get a handle on compound interest, inflation, risk diversification, tax treatment of retirement savings vehicles, and employer matches of defined-contribution plans and you’l...
    5 Keys to a Late-Start Retirement Plan
    08-22-2014
    It's not too late to get back on track with your savings If you're a late starter in the race to retirement, it may require a bit of a sprint to hit the finish line — but it can still be done. The reality is, you're really not that far behind. More than one-third (36 percent) of Americans surveyed last year by the Employee Benefit Research Institute said they had less than $1,000 saved for ret...
    How to Declare Your Financial Independence
    08-01-2014
    Tips from a man who did, plus apps and sites that can help you With the 4th of July in the recent past, what better time to talk about a few ways that could help people in their 50s or 60s declare their financial independence within the next few years? You may have noticed that the goal of “financial independence” and its close cousin “financial freedom” seem to be replacing the traditio...