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Recycle, Restore, Renew. Repurpose, Retreasure, Refurbish.

As many of you may know, both my husband Randy and I have become orphans over the past three years. One of the many new processes we have been faced with is how to deal with the many tangible “treasures” that have been acquired for almost a century. A substantial number of these treasures found […]

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Why Retirees Would Want Life Insurance

If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them.  Notice I said “asset,” not  “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, […]

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What’s your Tax Freedom Day?

Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. A vivid, calendar-based illustration of the cost of government, Tax Freedom Day divides all federal, state, and local taxes by the nation’s income. In 2014, Americans will pay $3 trillion […]

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Your IRA or 401k Balance is Not all Your’s

Your IRA or 401k is partially yours and partially the property of the IRS. Unfortunately, the IRS doesn’t tell you what they get until you make a withdrawal. RETIREMENT PLAN REALITY CHECK IRA Balance               Marginal Tax Rates               Yours       […]

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Tax-Free Retirement

 We all know that the U.S. Government is $17 trillion in debt and has made trillions of dollars in Entitlement promises for which it has no money to pay. Forgive me if I don’t trust politicians not to come after my hard earned income and savings with new or higher taxes in the future to […]

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How I’ll (You Too?) Save $2,800 in Tax This Year

I’ve got Christmas shopping bills coming due. How about you? Today, I will tell you how two simple tax strategies will save me $2,800 this year.  They may work for you as well. The first will save me $1,000, the second will save $1,800 in income tax this year. Take 15 minutes at lunch today […]

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6 Tax Moves to Consider Making in December

It’s not what you make, but what you keep that counts. 1. “Realize” Capital Gains by Selling Winners Many people sold investments a few years ago when the stock market plunged.  For some, those sales created a tax loss that could be used to offset future capital gains.  The gain or loss is computed simple […]

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3 Smart Financial Moves I’ve Made

Since day one, my compass for financial advice giving has been sharply focused and easy to read. When making recommendations for a client, I consider what would I do in their situation. If it was an older client, I would ask; “what would I do if those were my parents?” Therefore, it should come as […]

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