Three Often Neglected Areas Of Financial Planning

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Financial planning is something that many people neglect, but even those who do plan ahead often neglect important areas of their future. The following are three often neglected areas of financial planning. After death expenses If this is not planned for, it can become a financial burden for surviving loved ones. There are a variety of expenses that can be created by your death, but the most obvious are those related to your funeral.

20 October 2016

Organize Your Finances In Three Easy Steps

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Like any area of life, it pays to keep your finances in order. Organizing your finances lets you ensure that your money is being used wisely. It also helps eliminate financial clutter in your life. Get your finances organized with these three steps. 1. Close Accounts That No Longer Fit Your Needs Over your life, it is possible you have accumulated an assortment of accounts that you no longer need. Start by closing any checking, savings, or investment accounts that you no longer use.

19 October 2016

Two Reasons Why It's Important For You To Get A Financial Planner

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If you're the kind of person who believes that financial planners are only for people who are extremely wealthy, you may want to think twice about this notion.  Financial planners can help anyone, even people who don't make what is considered to be a lot of money.  Working with a financial planner can help you see monetary options that you may not have considered.  Use this information to learn more about why you should start working with a financial planner as soon as possible.

14 October 2016

Four Financial Moves Small Business Owner Needs To Make

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The wrong financial moves can be disastrous for a small business owner. Small business owners must walk a fine line between keeping cash on hand, investing in their business, and investing in themselves. Take a few moments to learn four financial moves that small business owners need to make. 1. Take Out a Business Loan or Line of Credit  A lack of cash flow can be disastrous for any small business.

14 October 2016

Common Mistakes People Make Thinking About Asset Protection

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When it comes to asset protection, there are some pitfalls that many people fall into since they may not be intuitive. Here are some examples of asset protection missteps that many people take, including steps you can take to make sure your asset protection strategy is optimal. Not Having a Plan If you have a substantial amount of assets, then you absolutely need a plan to protect them. Those without assets don't get their assets targeted of course, but those who do always will.

14 September 2016

How To Avoid Common Missteps When Choosing Annuity As A Retiree

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If you're planning on retiring soon in order to make sure you have an income after you leave your job behind, an annuity is often an excellent way to achieve this. New retirees who are also new to annuities tend to make the same types of errors when it comes to setting up their annuity for the first time. Here are a few mistakes new retirees tend to make with annuities and ways that you can avoid the same errors in order to really maximize your results.

13 September 2016

Won The Lottery? How To Choose Between The Annuity And The Lump Sum Payments

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Everybody dreams of winning the lottery, but when you actually and finally do, you will be faced with some difficult choices. The first major choice that you will have to make is do you choose the annuity payout or do you choose the lump sum? Here is how a financial consultant may advise you, based on your personal situation. Lump Sum Most people, who are either impatient or have a lot of debt, are unwilling to take the annuity payment of their lottery winnings.

13 September 2016