Parents & Grandparents: Happy 529 Day!

For many, 5/29 is just another day in the month of May and probably overlooked due to the Memorial Day holiday. However, for the financial industry, 529 takes on a different meaning. Many people are unaware of the 529 College Savings Plan, a tax-advantaged account that families can open to save for their children’s or […]

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Umbrella Insurance: Protecting you on Rainy Days

Let’s face it; we live in a litigious society. Whether you are a small business owner, a professional or managing your own family you need to take measures to protect yourself and your assets from potential lawsuits. Although this is surely not a comprehensive list, here are some measures you can use! Umbrella Insurance: Umbrella […]

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Being Proactive Pays Off

This is a guest post written by Kimberly Silvestri, President and CEO of Silvestri Services, www.silvestriservices.com.  When working with our elderly family members, it pays to be proactive rather than reactive. Waiting for a crisis to occur creates unnecessary stress. Planning early for long term care with your loved ones using Care Management, helps you become […]

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How to Avoid Three Common Insurance Mistakes

Insurance is one of those areas where even financially bright people often make poor decisions. I think the media is partially at fault and the resources people use for guidance might not be very helpful. Keep in mind that what is prudent for many (the median family income is about $50k) people is not necessarily prudent […]

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Nothing Natural About Retirement

The idea of “retiring” is relatively new in this country’s history. It was created by financial institutions about 70 years ago after social security was first set up to transition aging, unproductive workers out of hard labor jobs (making room for younger workers) during the Industrial Revolution.  Did you know Social Security was created in […]

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College: Good News, Bad News

I have been writing about the shrinking value of a college degree for some time now. It’s a fact that college costs have escalated at a pace FAR in excess of family income, dampening the return on college costs. Of course, if that degree makes the difference in landing a job then that probably beats […]

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How Long Has It Been Since You Rehabbed Your Home?

This is a guest post by Elisa Niesen and Lynne Gerding, Realtors and Renovators based in Naperville, IL, www.elisaandlynnehomes.com. Spring has finally SPRUNG and if you’re from the Midwest then I’m sure you were as miserable as we were! Every year it is a time of preparation and a revival of the old to make things new. We couldn’t think […]

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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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What are Some Measures You Can Take to Protect Against Inflation?

Spring is finally upon us…well almost.  Do you remember your childhood days where the weather was temperate enough that you could walk up to the local drug store (in my case Vallette Rexall Drug) with a dollar in your pocket?  In the late 1970s you were able to purchase at least 4 jumbo candy bars […]

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