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60 and Life is Good!

The “Golden Years” have arrived, a bit too quickly, but here you are!  Now is the time to enjoy the harvest of all of your previous efforts:  family, lifestyle and perhaps some wealth.  Thirty years ago, this was imagined to be a carefree situation: travel, enjoy life with your partner, be involved with activities that you desire to be involved with; no longer burdened by tasks that felt more like obligations!  Many...

Annual Financial Review

Medical professionals suggest an annual checkup. Mechanics recommend regular auto maintenance. Shouldn’t your financial life have an annual checkup or tune up? Please take some time every year to self examine your financial situation. You can do this on your own or with the help of your professional advisors. Items to be reviewed and some details to analyze include: Cash Flow & Debt Management Verify adequate cash...

Annuities

Annuities are often misunderstood by investors due in large part to the complex nature of this financial product.  Conceptually, an annuity is a contract, typically between an individual and a financial institution.  Generally, the individual will make a single payment or a series of payments into the contract.  At some point in time, the financial institution will begin to pay the individual, based on the contract. In...

Wills

Do I have to? Really?  Yes, everyone should have a will.  I consider a will, the bare bones minimum estate plan.   I am not an attorney and I encourage you to seek competent estate planning attorney assistance with this very important legal matter. No one likes to think about the inevitable: your own mortality.  Death is part of life and we will all experience it.  Our experience will impact family members, business...

Credit Cards

Too many American families are burdened with credit card debt.  The average credit card debt per resident adult in the USA according to the G19 report , from the Federal Reserve on consumer credit in October 2015 was $3,766, another increase. Most important, is the story behind these statistics. And that story is the opportunity cost associated with credit card debt.  Quite simply the opportunity cost, which I believe is...