Estate Planning- Trusts

Key Considerations for Smooth Wealth Transfer Planning

Key Considerations for Smooth Wealth Transfer Planning. Components of a robust estate plan include a will, trusts, a power of attorney, and healthcare directives. A will specifies how your assets should be distributed upon your death. Trusts, which hold and manage assets on behalf of beneficiaries, can be tailored to meet specific needs, such as reducing estate taxes or providing for minor children. A power of attorney grants someone the authority to make financial and legal decisions on your behalf if you become incapacitated, while healthcare directives outline your medical treatment preferences.

Personal Investing and Stock Advice for Growing Families

By Guest Author | February 28, 2017

The first step is Planning. And exploring the possibilities your financial resources offer you, your family and your legacy. You need to take a strategic approach to managing your money as part of your overall financial plan.

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Cross Country: Tips For Your Next Move

By Tim McMahon | February 27, 2017

Many people look forward to moving and relocating to a new city or state. For those who are moving cross country, it can be expensive to transport all of the items to a new location. When you want to save money and reduce your costs, there are a few important tips to follow.

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Hedge Your Nest Egg Against the Uncertainty of Inflation

By Tim McMahon | February 22, 2017

It’s important to anticipate inflationary periods and take the necessary steps to protect both long term and short term family finances. Here is a list of some of the steps you can take:

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How Expensive is Full-Time Travel?

By Tim McMahon | February 17, 2017

Everyone want to travel more but how much does it really cost? Well, perhaps it is actually cheaper than you might expect. The problem of course is that you still have all your “fixed costs” at home i.e. taxes, mortgage (or rent), insurance, utilities, etc. But what if you sell your house first? That is exactly what we did and here is how much our first month of travel cost us.

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1st Time Investor’s Guide Infographic

By Tim McMahon | February 14, 2017

Investing may seem scary at first but it can be one of the easiest ways to build your net worth. The following infographic from Personal Capital outlines how you can start putting your money to work for you.

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The Personal Finance Perks of Aging: 15 Tax Breaks You Enjoy After 50

By Guest Author | February 8, 2017

One of the perks of growing older is more tax breaks, especially after the ages of 50 and 65. By making the most of available tax deductions for seniors and retirees, you can drastically reduce your income taxes and boost your retirement savings.

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You're the average

Financial Lessons from Experts like Buffett, Rohn and Schwarzenegger

By Tim McMahon | February 7, 2017

Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.~ Arnold Schwarzenegger One major struggle many families have is money. Somehow, no matter how much we make we never seem to have enough of it. Whether we are just starting our or […]

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How To Save Money On Home Energy

By Tim McMahon | February 6, 2017

Utility costs have started to rise once again after giving us a bit of a break over the last year. And so this year you may find that you are spending more on electricity and natural gas once again. Instead of shivering in the winter and sweating it out in the summer, there are some simple actions that you can take to help reduce your home’s energy consumption. These actions are great investments in your home and comfort.

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Building Your Credit While Avoiding the 5 Top Financial Mistakes

By Tim McMahon | February 1, 2017

Little mistakes often “snowball” into an avalanche when it comes to your personal finances. The financial decisions you make today could easily affect your life for many years to come. Here is a closer look at some of the most common financial mistakes and what you can do to avoid them.

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Retirement Tips You May Not Have Considered

By Guest Author | January 26, 2017

As more people live well into their 80’s and 90’s, the concern over retirement funds continues to grow. Several decades of income need to be saved, and many people don’t know how to achieve their ultimate financial goals. Take a close look at these retirement tips you may not have considered.

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4 Insightful Ways to Start the Home-Buying Process

By Guest Author | January 21, 2017

The home buying process should be a fun and interesting one whether you are shopping for your first home or have gone through it several times before. The internet, smartphones and virtual tours have changed the way that people shop for homes these days. How can modern technology aid in your home search and provide valuable insights along the way?

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Shopping

6 Tips For Saving Money On Your New Favorite Outfit

By Tim McMahon | January 20, 2017

You’ve fallen in love with a pricey outfit. Your world will collapse unless you bring it home. Here’s 6 tips for saving on the outfit of your dreams.

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