Archive - April 2016

1
Six smart ways to manage sudden wealth
2
Break Even Points for Social Security Filing Ages
3
Term Life Insurance Vs. Survivor Benefit Plan—A Side By Side Comparison
4
What you need to know about Tesla Model 3 tax credits
5
National Healthcare Decisions Day

Six smart ways to manage sudden wealth

A young partner in a start-up firm once asked me “What do you suggest I do with the money if my company is sold and I get a lump sum?” It made me think. Accordingly this blog post.

Occasionally, you may find yourself receiving a fortune: whether it is from the startup firm you have been part of, or as an inheritance from your Mom or Dad or Uncle or Aunt, or even from the lottery you won. This is indeed great and perhaps will help you to boost your overall financial wellbeing.

However, you now have to manage the …

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Break Even Points for Social Security Filing Ages

Last week my article 3 Myths About Social Security Filing Age included some information about year-to-year break even points for the various Social Security filing ages. This prompted some questions about the break even points between all filing ages, not just the following year.

So for example, what are the break even points between choosing to file at age 62 versus age 66 or age 70?

This article shows the approximate break even points between all of the various filing ages. The first chart shows the break even points when your Full Retirement Age is 66. To use the chart, …

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Term Life Insurance Vs. Survivor Benefit Plan—A Side By Side Comparison

Caveat: This is the third article that I’ve written about Survivor Benefit Plan. It is meant to be read with the other two articles so you can formulate your own educated opinion about your personal situation, which may be different from outlined here.   This article is also the basis for a chapter for an ebook that I’m currently writing about the Survivor Benefit Plan, which I plan to release by summer.  If you’d like to receive updates, please send me an email or join Military in Transition on Facebook.  I hope you like it.

I’ve written a couple of …

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What you need to know about Tesla Model 3 tax credits

electric carElon Musk, CEO of Tesla announced Model 3 offer at a low price tag of $35,000. He says all you need is to put down a refundable $1,000 deposit and wait until sometime in 2017 to get your keys.

Uncle Sam says he offers you tax credits for owning an electric car. He says these credits are generous with a federal tax credit up to $7,500 and if you live in a state such as California, state tax credits up to $2,500.

Excited? Should you add all these up and say you are getting into a Tesla Model 3 by …

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National Healthcare Decisions Day

We all know the significance of April 15th each year, but do you know why April 16th is also important for you and your family?  April 16th is National Healthcare Decisions Day. 

The goal of this “National” day is to inspire, educate and empower the public about the importance of advance care planning.  Advance care planning involves taking the time to carefully consider and document your preferences around end-of life care.  It also includes the act of legally designating and empowering an agent to make healthcare decisions on your behalf if you were to become unable to …

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