Key Considerations for Smooth Wealth Transfer Planning
By Tim McMahon |
7 Benefits of Downsizing to a Smaller Home
People often connect downsizing a home with retirement, as many homeowners who have become empty-nesters may be unable to cover the costs of a big family home on a fixed income. Elderly citizens still make up the majority of the population who see downsizing as a way to economize. However, it is not only the seniors who look at downsizing as a way to cut costs. More and more young people give up on big homes in favor of less costly residences. While lower expenses are the main reason, there are a few other benefits of downsizing a home that make it so widely popular.
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Reassessing Your Insurance Coverage: Are You Protected in Case of an Emergency?
Most people would be surprised by all the things that their insurance policies don’t cover. If it’s been a while since you’ve updated your insurance, you might want to take a few moments to reassess that coverage. After all, it’s vital that you know whether you are protected in case of an emergency.
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Key Factors To Consider Before Refinancing Your Home
If you notice interest rates going down and have given some consideration to refinancing your home, you are not alone. When mortgage rates decline, more people opt to take a second look at their existing mortgages in hopes of saving thousands of dollars in the years ahead. However, before you jump in and move forward with refinancing, you should keep these important factors in mind when making your decision.
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What Are Your Options for Paying Medical Bills When Your Child Has a Birth Defect?
Having a child is supposed to be a happy blessed time, but if your baby is born with a birth defect it can be emotionally devastating, and expensive, but it doesn’t necessarily have to devastate you financially. Dealing with the accumulating medical bills may seem impossible, but assistance is available. Never ignore a bill, because this can lead to collection agency action and lawsuits. Instead, consider these ways of satisfying your financial obligations.
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How to Bless Your Family with Financial Security
Safety is the first thing that comes to people’s minds when they think about their families. Just like physical safety, your family’s financial security is equally important. Although there is no one size fit all technique to protect your family against financial uncertainties, there are things you can do to prevent them from suffering in the event of a financial crisis. Here are smart ways to protect your family financially.
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When Is It Time to Sell Your Old Car?
There’s something to be said for holding on to an older car. Not only is there the emotional connection that you might feel towards your old car, but there’s also the simple fact that not buying a new car means you’re not spending money. There is, however, a point at which you really shouldn’t keep pouring money into your old vehicle. Below are a few times when it just makes more sense to sell your car as is than to get it repaired again.
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4 Ways to Make the Most of Investment Property Loans
Investing in property is an effective way to build your family’s wealth. One of the most common ways to benefit from a property investment is to buy a house that needs some repairs and flip it after you fix it up. Your family might also be interested in purchasing a home that you can rent out to other families in your community. No matter which direction you go, one of the first things you’ll need to do is secure a loan. And interestingly this is the only type of debt recommended by top advisors like Dave Ramsey and “Rich Dad” author Robert T. Kiyosaki. They refer to it as “good debt” i.e. debt that puts money into your pocket. Â
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Why to Set up a Car Care Fund
The beginning of the year is a good time to set a budget for the major expenses that you know that you’ll have, such as your house payment and utilities. Your car is another asset that you want to ensure is financially covered. Unfortunately, when many people set their car budget they forget to include irregular expenses like repairs and tires, etc. The following are a few reasons to consider making a special fund to cover your car expenses through regular contributions instead of waiting until there’s trouble.
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Major Systems to Beware of When Buying a Home
There is nothing worse than buying a home and then shortly thereafter being hit with a huge repair bill. That is why some buyers offer an included home maintenance insurance contract. This may be a good idea when buying an older home but even they are often inconvenient to deal with. A perfect example is my daughter who purchased a home with a “warranty” and shortly thereafter her HVAC system stopped cooling. So she called the warranty company and they eventually sent out a repair person. Two weeks later it isn’t working again, so after another couple of weeks another repair person arrives and this goes on for a couple of months until eventually, they ended up making a major repair (after many threats from my son-in-law). The problem is the warrantee company hires the cheapest labor and only authorizes the minimum of repairs. If you were hiring the contractor you would look for quality workmanship and buyer satisfaction… but that is not their priority.
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Large Home Upgrades That Can Save You Money in the Long Run
While it is easy to forget about utility maintenance until a problem develops, it is best to keep everything working in top condition before the unexpected happens. Here are some large upgrades that although initially expensive can save big money in the long run.
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5 Essential Checkups to Run on Your HVAC to Maintain Energy Efficiency
Many people consider a proper HVAC to be an integral part of any modern home. Your HVAC system will work to keep the indoor environment at a comfortable temperature despite the climate outside. The higher the differential between inside and outside temperature the more work the HVAC unit must do. Unfortunately, these appliances can quickly drain a lot of energy and money if you aren’t careful. There are a few things you can check to make sure yours is running as efficiently as it can be.
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From Fender Bender to High-Speed Collision:
Even the best of drivers can get into a car accident. But whether it’s your fault or someone else’s, your car needs to be repaired as soon as possible. Car repairs after an accident come in all shapes and sizes, depending on the severity of the accident, so you need to know the fastest way to get your car back on the road.
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