Key Considerations for Smooth Wealth Transfer Planning
By Tim McMahon |
3 Tips for Saving Money on Your First Mortgage
Your First Mortgage- Buying your first home is an exciting moment, whether you’re buying a studio apartment for yourself or a house for your family there are fewer joys in life like using your new key to unlock the front door for the first time. People are buying their way into the home owner’s world at […]
Read MoreThe Wedding Budget
Editor’s Note: The wedding budget is a topic near and dear to my heart right now. Later this year my daughter Katie will be getting married and so our house is a constant buzz of wedding talk. But everything comes at a price. Fortunately, I’ve raised her well and she understands the value of money […]
Read MoreIs Individual Dental Insurance Worth Purchasing?
Individual Dental Insurance- Dental insurance is available in indemnity, PPO and HMO plans. Most people wonder whether it is really necessary to have individual dental insurance since visits to the dentist are sporadic compared to other doctor’s visit. Indeed, most people visit the dentist when in need of urgent services such as extraction of a tooth, […]
Read MoreYour Guide to Home Loan Refinancing
Home Loan Refinancing- There are several reasons why you may consider refinancing your home loan. Interest Rates May have Fallen Your credit score may have improved You may want to change to a different kind of mortgage Benefits of Refinancing your mortgage. Securing Lower Interest Rates The #1 reason most people decide to refinance is to lock in […]
Read MoreMoney Market Mutual Fund vs.the Bank
Money Market Mutual Funds- Most investors today are seeking safe harbor for their cash. Something that is safer than the typical savings account, yet more flexible than a certificate of deposit (CD). Historically, placing funds in a regular savings account was good advice, as banks offered both safety and a healthy interest rate. However, these days’ […]
Read MoreRetirement Planning- Start Early
Retirement Planning- No one likes running out of money, least of all when they are retired from work and are no longer earning a salary. Although we do of course have Social Security which (we hope) will provide a basic income, this barely offers enough money to cover the basic, essential spending. Most people will […]
Read MoreThe Downside of Using a Financial Planner
Financial Planning Insurance planning, risk management, Estate Planning, and retirement planning are all essential aspects of personal finance that you shouldn’t take lightly. You need to calculate how much you’ll need to retire and be sure that the amount you come up with will allow you to maintain your standard of living. Next, you must […]
Read MoreLook Out Ahead: How to Avoid Common Road Hazards
Road Hazards From summer’s sudden thunderstorms to winter’s sustained barrage of snow, ice and poor visibility, the open road is a dangerous place in any season. While you’ll never completely be able to eliminate the risks associated with driving, you’ll be far safer if you’re prepared for what’s coming around the bend. 1. Animals For […]
Read MoreFive Ways To Save On Car Insurance Costs
Save on Car Insurance- It’s rare to find someone glad to pay insurance costs… until they have a claim. Then suddenly car insurance is the greatest thing since sliced bread…provided good choices were made on coverage options and deductibles. Physical damage coverage: Do you do really need it? Physical damage coverage fixes or replaces your car from […]
Read MoreWhole Life Insurance Policies and Bankruptcy
Many people prefer term life insurance policies to “whole life” because you get maximum insurance for the money spent. However, one benefit that whole life offers that is often overlooked is an exception from bankruptcy. If you are forced to declare bankruptcy, you can usually retain at least a portion of your life insurance proceeds […]
Read MoreWhy Insurance is Not a Luxury
Adequate insurance is not a luxury; it is a necessity. Unless you are among the independently wealthy and can afford significant losses due to illness, theft, disaster, car accidents, or an unexpected death in the family, insurance is a necessity of modern life. Even the wealthy protect their jewelry, homes, cars, and larger assets with […]
Read MoreSave Money – Attend a Community College
Attend Community College Sometimes community colleges are viewed in a negative light. The implication is that the education provided by community colleges is inferior, and that people who attend such institutions will be disadvantaged when they switch to a four year school. However, these perceptions are for the most part false; the education offered by […]
Read More