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Financial Planning Case Study Six

Posted by on Apr 2, 2018 in Financial Planning | 1 comment

The purpose of financial planning is to attain financial security,which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  For example, we just helped some twenty something’s with a retirement plan, permanent insurance, and an emergency fund. Assuming they stay the course, they will have few money concerns. At 25, they were able to get a universal life insurance policy with a death benefit of $800,000, for only $50 a month.  Now, that...

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Planning on buying a home this summer?

Posted by on Apr 2, 2018 in Financial Planning | 0 comments

There are a few things to keep in mind. The standard way of going about purchasing a home is to ask the bank how much you qualify for, picking the neighborhood you want, and getting a 30-year mortgage. There are many pitfalls with this process. The better way to do it is to first calculate for yourself how much you can afford. You know your budget. Keep in mind that houses are glorified cardboard boxes, in constant need of repair. We never consider the annual maintenance of a house when we purchase, but we should. I have to put on average...

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Financial Planning Case Study Five

Posted by on Mar 21, 2018 in Financial Planning | 0 comments

The purpose of financial planning is to attain financial security, which everyone defines differently. In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible. For example, we just helped some twenty something’s with a retirement plan, permanent insurance, and emergency fund. Assuming they stay the course, they will never have a money care in the world. However, it does not always work out that way. One contingency that we do not plan for is disability. Disability can occur...

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Financial Planning Case Study Four

Posted by on Sep 17, 2017 in Financial Planning | 0 comments

The purpose of financial planning is to attain financial security, which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  For example, we just helped some twenty something’s with a retirement plan, permanent insurance, and an emergency fund. Assuming they stay the course, they will never have a money care in the world.  However, it does not always work out that way. A situation that we see all the time is student loan debt and...

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Saving for College with 529 plans

Posted by on Dec 5, 2016 in Education | 0 comments

We ALWAYS recommend that parents save for college via a 529 plan.  Current US student loan debt is valued at 1.2 trillion dollars.  Every little bit of money that can be put towards college will help students graduate with less of a loan payback burden. How does a 529 plan work, and is it right for you?  Investments in a 529 plan earn dividends, interest, and capital gains on a tax deferred basis.  Withdrawal is generally tax free if used for qualified education expenses.   Qualified educations expenses are amounts paid for tuition,...

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Case Study 3

Posted by on May 17, 2016 in Asset Management | 0 comments

The purpose of financial planning is to attain financial security, which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  A financial advisor can assist in many ways. For example, car accident victims, or any other type of personal injury claim, are usually compensated in one of two ways. Most of the time, they get a check and are sent on their way.  That money is usually gone in a couple of years, if not sooner.  Sometimes these...

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The FOMC

Posted by on Oct 2, 2015 in Economy | 0 comments

Yesterday, September 17, 2015, the Federal Open Markets Committee opted to not raise rates from zero.  The federal funds rate, which the rate that the FOMC controls, is the interest rate that the federal reserve charges banks to keep their money at the Federal Reserve Bank.  This is different from quantitative easing where the reserve was buying bonds and flooding the economy with money. Charging nothing to park your money does two things.  First, it incentivized banks to put their money with the reserve, since it doesn’t cost...

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Case Study Two

Posted by on May 21, 2015 in Financial Planning | 0 comments

The purpose of financial planning is to attain financial security, which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  For example, we just helped some twenty something’s with a retirement plan, permanent insurance, and emergency fund. Assuming they stay the course, they will never have a money care in the world.  However, it does not always work out that way. After Joe passed away, Susan’s spending problem really got...

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Case Study: One

Posted by on Apr 16, 2015 in Financial Planning | 0 comments

Here is the first in a series of “Case Studies”:  Why we should start planning now for you and your family’s future financial security! The purpose of financial planning is to attain financial security, which everyone defines differently.  In the ideal situation, we start early, establish goals, develop a plan, and consider as many contingencies as possible.  For example, we just helped some twenty-something’s with a retirement plan, permanent insurance, and emergency fund. Assuming they stay the course, they will never have...

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The Price of Oil

Posted by on Jan 28, 2015 in Economy | 0 comments

Oil prices have dropped precipitously in the last few months.  Today, January 12, 2015, oil dropped to below $46 at the close of business.  You know what it means to your wallet, but how does this affect the markets? It is very difficult to tell what has caused this tremendous drop in the price of oil.  By any measure, consumption has not been reduced.  There is more supply in the economy, as the US, Canada, Mexico, and many other countries have been drilling oil wells over the past few years.  However, the supply/demand equation is not...

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