Money Matters

10 Posts in this category
Posted By: CFP&WM On: Sep 19th, 2011 In: Money Matters

Why You Need a Second Opinion on Your Portfolio

You’re mired in a world of splitting headaches and chronic stomach pain. You know something is wrong, yet after a checkup you’re told that everything is fine. Most of us would be inclined to seek out a second opinion. However, given the above encounter was with your financial advisor pertaining to your investment plan as opposed to  a doctor regarding …

Posted By: CFP&WM On: Sep 14th, 2011 In: Money Matters

What to Ask Your Potential Financial Advisor

In these crazy times of volatile stock prices, low interest and changing economics, making good financial decisions is not easy. Using the services of a financial advisor can greatly help but finding a great advisor is not easy. Knowing what to ask of a perspective advisor is often helpful. However, all published advice is not accurate.

In the July 2011 …

Posted By: CFP&WM On: Aug 8th, 2011 In: Money Matters

A Basic Guide to Americas Most Common Income Taxes

As a teenager I worked in an ice cream store. There were 31 flavors, so I think you know which store in which I worked. My problem with ice cream is I like all the flavors. That is not the case with the different flavors of income tax.

The most common flavor of income tax is Fully Taxable. The sources …

Posted By: CFP&WM On: Jun 17th, 2011 In: Money Matters

A Hot Investment Recommendation

Recently in a social situation, I was introduced to a physician. In the course of the conversation she realized I was a financial planner and investment fiduciary and she asked the common question “What would a be a good investment for me in these turbulent economic times?”

The physician appeared to be somewhat taken back when I answered “I have …

Posted By: CFP&WM On: Jun 13th, 2011 In: Money Matters

Are You a Victim of Illegal Investment Advice?

It is all too common: an insurance salesperson who comes to your home after you attend a free seminar or a bank employee recommends that you cash out some or all of your stocks, bonds, or mutual funds and purchase an annuity. In doing so, they have broken the law and may not even be aware of it.

The Investment …

Posted By: CFP&WM On: Jun 8th, 2011 In: Money Matters

Busting 5 Financial Myths

Perhaps you have seen the Discovery Channel television program “Myth Busters.” Adam Savage, Jamie Hyneman, Kari Byron, Grant Imahara, Tory Belleci go about proving whether myths are true or not. Unfortunately they have not tackled any financial myths, of which there are plenty. This post will address 5 such myths and perhaps motivate the TV show to address other financial …

Posted By: CFP&WM On: Jun 2nd, 2011 In: Money Matters

Fee-Only Financial Planners Help You in Three Ways

Life is increasingly complex particularly in the area of finance. There are changes in taxation, governmental regulations, mortgages, credit, insurance, education funding, and the stock market domestically and abroad. Social programs such as Medicare, Social Security, and pensions are undergoing change, which can impact your future.

Given all these changes, making good financial decisions is increasingly difficult. Working with a …

Posted By: CFP&WM On: Apr 1st, 2011 In: Money Matters

Tax Refund: Good and Bad Ways to Spend It!

Millions of households have received or will be receiving income tax refund checks from both the state and federal governments. What will you do with your refund check?

Good ways to spend the tax refund

Pay down credit card debt. It’s been a few tough years and maybe you, like many people, have used the credit card to get through …

Posted By: CFP&WM On: Mar 28th, 2011 In: Money Matters

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Posted By: CFP&WM On: Feb 15th, 2011 In: Money Matters

Put Your Home Back into Your Trust after a Refinance

Having a living trust allows your appointed trustee to control your assets if you become incapacitated. This trust also enables you to avoid probate upon your passing.

When you establish your trust, your attorney will prepare a quit claim deed that transfers your home to your trust. No problem, all is good…until you refinance.

Most lenders want to place the …