Term vs Cash Value Life Insurance: Which Should I Buy?
Learn the difference between these two types of life insurance policies and discover which one may be right for you.
Are Bonds a Good Investment in Retirement?
With interest rates inevitably heading higher in the future, are bonds a good investment in retirement?
Reader Question: Do I Pay Taxes on Social Security Income?
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If the only income you had during the year was Social Security income, then your benefit generally isn’t taxable.
Social Security Death Benefits for Spouse and Children
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Some people think Social Security is just a retirement program, but in fact there are other benefits, including disability and death payouts.
Social Security Benefits May Not Provide Enough Income in Retirement
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MYTH #1: Social Security benefits will provide most of the income you need in retirement.
What is the 2013 Max 401k Contribution Limit?
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We give you the facts from the IRS, PLUS 6 benefits of participating in your 401k plan at work.
Should I Buy Whole Life Insurance or an Annuity For My Grandchildren?
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If your goal is to accumulate money for a grandchild (or a child), both options are good, but let’s look at the pros and cons of each strategy.
How to Save for College AND Retirement With Small Children
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Is it possible to achieve both of these goals in today’s economic environment?
How to Weather Stock Market Volatility
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When dealing with a volatile market, sometimes the most difficult challenge is to manage your emotions.
How Much Money Should I Save For Retirement?
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Since people are living longer today, the greatest fear that most retirees have is the fear that they will outlive their assets.
Why Did My Paycheck Go Down in 2013?
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Despite media reports warning of the impending payroll tax increase, many Americans were caught off guard when they received their first paychecks in 2013.
What You Should Know When Starting a ROTH IRA
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Here are five key things you should know when starting a Roth IRA.
Improve Credit Report: 3 Steps to Take Now
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Improve Credit Report: 3 Steps to Take Now. First, how can I correct errors on my credit report? Under the Fair Credit Reporting Act, you have the right to have any incorrect or misleading information removed from your credit report.
4 Steps to Begin Retirement Planning
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Although most of us recognize the importance of sound retirement planning, few of us embrace the nitty-gritty work involved. With thousands of investment possibilities, complex rules governing retirement plans, and so on, most people don’t even know where to begin. Here are four suggestions to help you get started.
What Are Required Minimum Distributions?
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So exactly what are Required Minimum Distributions? Also known as RMDs, these are government imposed withdrawals that you are required to take at age 70 ½. Learn more here.
How Much Should You Save For Emergencies?
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If you lost your job, how much will you need to pay your regular monthly expenses?
Is it Better to Save or Pay Off Debt?
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Is it better to save your extra cash or pay off debt? To answer this question, you must decide how your money can work best for you.
3 Steps to Cutting Expenses
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The old financial adage is there are only two ways to make money. Either go out and earn more or cut your expenses so that you spend less. The best is if you can do both. So today, I thought I would share some thoughts on cutting expenses.
Using Medicare and Medicaid For Your Long Term Care Needs
If you were to go to the Nursing Home, do you believe that Medicare will pay for your long term care needs?
The Case for Long Term Care Insurance
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Have you ever known any one that has become impoverished as a result of going to the Nursing Home?
6 Reasons To Review Your Life Insurance Policy
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If it’s been more than five years since your last life insurance checkup, you may be missing opportunities to take advantage of newer life insurance policies that are more cost-effective and competitive.
One “Tax-Free” Strategy The IRS Hopes You Never Discover
So by using the combination of a guaranteed income investment, life insurance, and a trust, we were able to give not just part, but ALL of the inheritance to the family and the charity. And the best part: Not a dime went to Uncle Sam!
The Help You Need to Retire Early
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An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls.
A Diversification Strategy that Leads to Early Retirement
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A common investment pitfall is spending far too much time trying to pick individual stocks that will increase in value. It’s much more important to understand proper diversification.
A Savings Strategy that Leads to Early Retirement
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Do you desire an early retirement? Today, I want to share with you a savings strategy that leads to early retirement. This strategy is simple to say, but can be harder to follow.
Make Smart Decisions with Your Pension Plan
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“Should I choose a single life annuity payout from my pension or a joint and survivor annuity payout, which will make payments to my spouse when I die?”
How to Reduce (or Eliminate) the Taxes on your Social Security Income
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To reduce or eliminate the taxes on your social security income, you first need to understand the term “Reportable Income”. This is the total of all your incomes that is required to be reported to the IRS on your tax form.
Is it Too Late to Make an IRA Contribution for 2011?
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We recently got this question from an FTMWeekly radio listener: “I forgot to make my IRA Contribution for tax year 2011. Is it too late to make the contribution now?” NO. Here’s why…
Retirement Minute: Four Questions That Current Medicare Enrollees Should Be Asking Now
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The Medicare open enrollment period is now here and this is the time during which people with Medicare can make new choices and pick plans that work best for them. Here’s four questions to be asking now.
FTMDaily News Update – Beware the Ides of March
The global financial markets continue their tailspin today in the wake of the devastating quake and tsunami which struck the world’s third largest economy last week.
Understanding Cash-Value Life Insurance: Know Your Terms (Part 2)
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Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a persons overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to e
This Week’s Financial Strategy – Recognizing the Dangers of Debt
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As we start the new year it has been exciting to see how many people are taking advantage of the Christian Financial Advisors Network. I have talked with many people around the country who do not have a financial advisor or would like a second opinion on the advice they are currently getting.
This Week’s Financial Strategy – Creating a Budget
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I love this time of year because as I talk with people they are establishing new year’s resolutions. So I want to change our format a little bit. In the past I have given many ideas on ways you can safely grow your assets and how to protect them. But I would like to start this year, developing financial strategies that will help you achieve your goals.
Estate Planning 101 – Part 5
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Today let’s focus on the effects of Probate, liquidity issues, what happens if you become incapacitated and some goals you may want to consider in developing your estate plan.
Estate Planning 101 – Part 4
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States impose their own death taxes. You should be aware of what the death tax laws are in your state and how they may affect your estate.
Estate Planning 101 – Part 2
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You should begin the estate planning process by understanding your particular circumstances, such as your age, health, and wealth.
This Week’s Financial Strategy – Estate Planning 101 – Part 1
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Last week we talked about what estate planning is and who might need it. Today, let’s talk about how to do it and where do you begin. You should begin the estate planning process by understanding your particular circumstances, such as your age, health, wealth, etc.
This Week’s Financial Strategy – Tips for Year-End Financial Housecleaning
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If you don’t normally review your investments at the end of each year, 2010 might be a good time to start. And if year-end investment planning is already part of your routine, you might want to pay special attention this year.
This Week’s Financial Strategy – Do You Qualify for this Little Known Government Benefit?
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Who is eligible for this benefit? A veteran aged 65 or older or permanently and totally disabled from a non-service connected disability that is not the result of his or her willful misconduct is entitled to a pension.
This Week’s Financial Strategy – How to Protect Your Greatest Asset
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If I were to ask you, What is your greatest asset? Most people would say their home or their 401(k) or their IRA. The truth is, during a person’s working years their greatest asset is their ability to earn an income. So today I would like to focus on the importance of disability income insurance.