Archive - 2019

1
How To Turn $5,000 A Year Into a $33 Million Legacy
2
(Financial) Things To Do Before You Die
3
How Property Transfers At Death
4
5 Disadvantages of a VA Loan
5
Password Access is a Part of Estate Planning

How To Turn $5,000 A Year Into a $33 Million Legacy

With a headline like that I bet you’re thinking this is one of those wild & crazy get rich schemes. However, it’s really just a hypothetical illustration of the great benefits of three factors that can work in your favor in building a legacy:

What follows is an example of how you can make those three factors work together to create this $33 million legacy.

How It All Started…

Once upon a time, there was this guy named Joe.  Joe is 20 years old, working part-time making decent …

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(Financial) Things To Do Before You Die

By Eve Kaplan, CFP®

Unless you have a terminal illness you probably do NOT know when you will die. Accordingly, these tips are geared toward all individuals who hold investments, insurance, pensions and/or real estate and who want to pass these to a surviving spouse or other family members. Some of these steps may seem patently obvious and simple, but in my experience as a financial advisor, I can tell you that even smart, well-prepared people commit very dumb estate planning mistakes.

Estate Docs 101:

1. Prepare your next of kin or surviving spouse with updated estate documents – …

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How Property Transfers At Death

divorce throws a curve
Photo courtesy of Bec Brown via Unsplash.com.

When you die, the way in which your property is handled will
depend on the type of documents (or lack thereof) you’ve set up before your
death. The following is a summary of the ways your property transfers to heirs when you pass away.

Life Insurance. At death, life insurance proceeds are passed to your beneficiaries (and in most cases, tax free). For example, if you have a life insurance policy with a face amount of $500,000, when you die, your
beneficiaries receive the $500,000 face amount tax free.

When you purchase …

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5 Disadvantages of a VA Loan

Nearly any mortgage lender will tell you a VA loan is one of the very best deals in the industry. Some would even say it’s the best.

But despite all its benefits – no down payment, relaxed credit guidelines, and less restrictive income requirements – there are disadvantages of a VA loan.

There are only a few, but they’re well worth being aware of before applying for a loan. In some cases, you may even need to apply for a different type of financing.

What are the disadvantages of a VA loan?

1. You’ll Have Zero Equity in Your Home

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Password Access is a Part of Estate Planning

If you are like many of us, your day-to-day life requires an increasing number of passwords. Maybe you forget one from time to time and find yourself locked out of something you need to access and going through the hassle of proving your identity so you can gain access again. Or maybe you use a  password keeping program that holds all of your passwords so you don’t have to think about them. You may even do what experts sternly advise us no to do: use the same password for everything.

No matter what you do to solve password dilemmas, the …

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