Author: admintemp

A Quick Guide To Annual Rebalancing Of Your Portfolio

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Perspectives from a Seasoned Financial Advisor As you begin to receive your year-end statements, it will be tempting to focus on how well the markets performed – because it really was a year for the record books. The year 2017 saw the DJIA set 71 all-time highs, surpassing the previous record of 69 set in [...]

Quick Overview Of The 2017 Tax Reform Bill

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Perspective from a Financial Advisor Early in the morning of December 20, 2017, the Senate passed the "Tax Cuts and Jobs Act" by a party-line vote of 51 to 48; (Republican Senator McCain was absent for medical reasons). Irrespective of your political affiliation, most would agree that this legislative achievement is the most sweeping overhaul of [...]

The 403(b) Plan Retirement Saving Cheatsheet

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For all employers, offering retirement benefits can play a fundamental role in recruiting and retaining qualified employees. Yet, despite the obvious advantages that come with helping workers save for retirement, many not-for-profit organizations neglect to provide a retirement plan or do too little to assist workers in reaching their retirement savings goals. One of the [...]

How To Deduct Mortgage Points From Your Taxes?

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If you’ve recently purchased a new home, you may be wondering if you qualify for a full tax deduction for “points” (a portion of the loan amount of usually 1, 2, or 3%) paid to your mortgage lender. Generally, points are prepaid interest, and they may be deductible as home mortgage interest, if you itemize [...]

The Facts About Buy Term, Invest The Difference

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One often heard plea to potential buyers of life insurance—“Buy term and invest the difference”—has dogged the life insurance marketplace for the past few decades. Insurers who promote only term life insurance products often shout it out from the rooftops, while companies more focused on cash value life insurance policies wage an ongoing battle to [...]

Putting Qualified Retirement Plans to Work For Your Business

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Many business owners welcome the tax benefits that come with qualified retirement plans. In addition key tax breaks, these plans also help attract and retain key employees.Favorable legislative changes to traditional qualified retirement plans over the past several years have made it easier for business owners and their employees to save more for retirement. Now, [...]

Disability Income Protection: Properly Planning For Disaster Now

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Imagine what would happen if your ability to earn income were to suddenly disappear. What would your life look like? Even though your income had abruptly stopped, your living expenses would continue. The mortgage and car payments would be due—missing several payments could result in foreclosure or repossession. You and your family would still have [...]

Good Debt Vs. Bad Debt: How Do You Know

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 In today’s seemingly fast-paced world, where multiple demands on our time seem commonplace, it’s easy to forget about our own fiscal responsibilities. Nevertheless, prudent money management is key to your financial future. Whatever the current conditions, personal debt will not disappear on its own. To manage debt properly, it’s important to begin distinguishing between “good [...]

How To Tell If You Have A Credit Card Problem

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Credit card debt is a major problem in the United States. According to the Consumer Federation of America, 80% of all households have at least one credit card. In addition, the Federal Reserve Bank of Boston estimates that there are more than 609 million credit cards held by U.S. consumers. For those households with card [...]