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Inheritance – Don’t count on it, CREATE IT.

Let me tell you a little history about myself. My House.  I bought the house I wanted and then paid for it.  I did not buy it brick by brick until I had a house. My Car.  I bought the car I wanted and then paid for it.  I did not buy…
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Pensions on Target to Fall of Fiscal Cliff

The pensions in the United States, United Kingdom, Japan, The Netherlands, Canada,  Australia, China and India will have a projected unfunded liability of $428 Trillion dollars by 2050.  That figure does not, and I repeat does NOT include…
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TAX Time: What is different this year vs 1913?

As Americans finish yet another tax filing season, let’s take a look at the 104-year history of the income tax: Top Marginal Tax Bracket:  Has varied from 7% (the initial rate introduce in 1913) to 94% in 1942.  Of course the rate has…
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Healthcare Costs in Retirement Haunt Baby Boomers

The Employee Benefits Research Institute (EBRI) just released a study showing that a retired couple could require as much as $350,000 to pay healthcare costs in retirement.  That is for a couple who is 65 years old in 2016. The report gives…
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The Pressure of the Stock Market

Often in a visit with people about their money and finances it comes to my attention that they are having to lean more and more on higher risk investments to make money. Why is this when it appears that the market is really doing well?…
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Social Security Administration Giving Bad Advice

The Government Accountability Office has discovered in an overwhelming number of cases the Social Security Administration (SSA) is give out bad advice.  In other words, when you go to your Social Security office it is highly probable that you…
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The Most Important Question You Should Answer About YOUR money

There is a lot of talk and much advice from financial advisors and "certified" planners to put your money in tax deferred accounts.  The prediction behind this advice is that you will be in a lower tax bracket when you retire and access the…
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All Pensions Will Have Difficulty Keeping Their Promises

Public pensions are in trouble.  The $1.9 trillion shortfall in U.S. state and local pension funds is poised to grow even more onerous. Why is there such a looming and growing problem?  Here are a few reasons why: First, for decades politicians…
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Retirement: Out of Reach?

By J. Floyd Retirement in my early working years seemed to be only a dream away. I didn’t even want to ever be old enough to retire. I was so busy raising my children and working that the idea of never working again and having money to…
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What to Do With the Family Home ?

By Craig Floyd Recently I have been reminded that owning a home can really be a money pit.  Not that I don’t enjoy the comforts of owning my home, but when the appliances break down, carpets need cleaning or replacing and the outside…