Archive - 2019

1
5 Disadvantages of a VA Loan
2
Password Access is a Part of Estate Planning
3
Bring Clarity to Your 2020 Taxes
4
Financial Literacy 101: Investing Comes with Risks
5
Disclosures Are Not Sufficient To Fulfill The Fiduciary Duty

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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Bring Clarity to Your 2020 Taxes

Whether you just filed yesterday, filed earlier in 2019 , or have asked for an extension, as Policygenius.com says, you should “Start determining your 2020 tax strategy today.”  This is especially true if you filed an extension because you want to be better prepared next year: “Although Tax Day 2020 is a year away, remember that your taxes are a look back at the prior calendar year.”

This may seem like an obvious statement when you scramble to find receipts and documentation as the tax deadline approaches but have you considered that you do not have to struggle to account …

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Financial Literacy 101: Investing Comes with Risks

In this Dennis the Menace comic, you see Dennis about the break a piggy bank with a hammer and the caption reads, “Sorry, Piggy…But investments come with risks.”  At his young age, Dennis understands that it is not all smooth sailing when you invest. In this case, he has found some reason to literally ‘break the bank.”  He is telling the piggy bank he is sorry but as many adults know, it is the investor who may actually feel some pain.

A MarketWatch Opinion column asks, “ How much investment risk should you take?” The subtitle that says. …

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Disclosures Are Not Sufficient To Fulfill The Fiduciary Duty

Investment News’ Fiduciary Corner had an excellent article by Blaine F. Aikin, executive chairman of fi360, entitled “Can investment advisers disclose away all conflicts?” The entire article is worthy of careful reading as Aikin outlines one of the central challenges to the Securities and Exchange Commission’s failed experiment of relying on disclosures and informed consent to protect consumers in the United States. As Aikin writes:
Disclosures are always necessary but rarely sufficient to fulfill fiduciary obligations. …As important new guidance, the SEC notes that some complex or extensive conflicts may defy adequate disclosure, thereby depriving clients of the
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