Financial Planning

A Funny Thing Happened at the Deli…

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A young couple sits down at the local deli with their baby asleep in the stroller.  It is an unseasonably warm day outside with birds chirping, a light wind blowing and barely a cloud in the sky.  However, the beauty surrounding them escapes the couple because they cannot decide what to do about their finances.…

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An Easier Way to View Life Insurance (Part I)

20th President Garfield's Life Insurance Policy via wikipedia

If you are considering including estate planning in your financial plans, it is pretty much imperative that you look into life insurance.  As the main purpose of life insurance is the protection of your family after you pass away, it is an obvious tool recommended by attorneys, financial planners, life insurance agents, financial reporters and…

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Expecting Soon? Estate Planning Issues You Should Consider

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Image via Wikipedia For some reason, I am friendly with lots of women.  Perhaps it is due to the influence of my tough mother and two strong older sisters, or that I followed Benjamin Franklin’s advice to marry someone smarter than me.  However, this does not mean that I fully understand how women function.  Read…

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Looking Gift Taxes In the Mouth: Upcoming Rules for 2011

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‘Tis still the season of giving.  Thanks to a $5 million lifetime gift exemption starting in January, most of your gifts will have very little impact, if any, on your estate plan.  However, today we will discuss why you perhaps should not ignore gift tax issues just yet. Let’s take a look at some of…

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All A-Twitter about NAPFA & “Fee-Only” Financial Planning

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Here is my message today:  A Chicago-based CFP retweeted one of my posts earlier this week.  This compliment was made even stronger when I found that he is in NAPFA. The rest of this post explains what the heck I’m talking about. Twitter According to alexa.com, Twitter is presently the 10th most popular website on…

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Building Your Estate: Emergency Funds

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Second in an occasional series about foundational financial planning strategies. What is an Emergency Fund? An emergency fund is an amount of money you set aside that only used for a “rainy day” – unexpected events that must be handled financially.  Read more...

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Building Your Estate: 2 Essential Debt Reduction Concepts

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First in an occasional series about foundational financial planning strategies. I have been fortunate enough to receive some nice feedback on this post about ways to spend an extra $1,000.  In the following weeks, I will take an individual look at each of the 12 foundational strategies listed as ways of building your “estate” more…

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19 Prudent Uses of $1000 and Choosing Between Them

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I recently spotted an interesting question on Yahoo! Answers:  With an extra $1,000, should one hire an estate planning attorney or a financial planner?  This post will borrow from both disciplines to provide more specificity regarding many ways you can either begin to build or add to your solid financial foundation.  Read more...

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