Archive - October 2016

1
Advice for Those Nearing Retirement and Frustrated at Work
2
IRA Basics
3
Buying an Inexpensive Credit Score
4
How to Tackle Debt
5
What in the World is Going on?

Advice for Those Nearing Retirement and Frustrated at Work

CBS News offers a possible retirement planning solution for people who are nearing retirement and frustrated with their current job but also aware that they are not able to stop working altogether. This advice may be something to consider but cannot replace personalized advice from an expert like a Fee-Only financial planner who can examine your entire financial portfolio.

So what does CBS News advise?

“Find a new work situation that addresses your specific work problems, pays you enough to cover your ongoing living expenses and allows your current savings and Social Security benefits to continue growing.”

Perhaps that is …

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IRA Basics

This article is intended only to provide you with the basics of IRAs, to get you started with your education.  These days nearly everyone has an IRA – so it’s important to understand IRA basics.  The following information holds true for both kinds of IRAs:  traditional IRA and Roth IRA plans.

IRA accounts can be held at a variety of institutions: banks and credit unions, brokerages, mutual fund companies and insurance companies.  Essentially, if it is a financial institution, quite likely there is an IRA offering.

Establishing an IRA

Typically, an IRA account is established by filling out an application. …

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Buying an Inexpensive Credit Score

It’s a classic chicken or egg dilemma: your kids graduate from college and face an immediate problem: they have no credit history, which makes it harder for them to rent an apartment or get a credit card.  But how do they get a credit history without someone granting them credit?  Is there a way the parents can help them without risking their own credit score?

An article on the website Nerdwallet suggests a solution that will cost just $200.  You encourage your child to open a secured credit card, whose credit limit is equal to a deposit that can be …

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How to Tackle Debt

It can easily happen. Whether we’re trying to keep up with the Joneses or investing in our education, sometimes debt can add up quickly. The good news is that debt can be erased. However, sometimes what we know we need to do is different from actually doing it. Here’s a game plan to start chipping away at your outstanding debt. With time and persistence, we can eliminate debt and increase our net worth.

Let’s start with some definitions of debt. Debt is debt, but there is some that is generally better than others. Mortgage debt isn’t considered bad debt (unless …

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What in the World is Going on?

Thurs, OCT 20th, 2016

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.”

“I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
– Lewis Carroll, Through the Looking-Glass

Negative interest rates, driverless cars, unfathomable campaign statements, a decline in NFL viewers… Lewis Carroll foreshadowed much of what we see today in the realm of “impossible things”.

Has the world gone crazy?

No. But we are in a time when the …

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