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ESTATE PLANNING FOR SECOND MARRIAGES AND BLENDED FAMILIES

Divorce, remarriage, stepchildren, half siblings, in-laws … these are all components of many of today’s modern families that can be a challenge for estate planning for second marriages and blended families. If you don’t proactively address the issue of who receives what when you die, your death could trigger as much greed as grief among…

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THE TRUE COSTS OF ECONOMIC GROWTH

Donald Trump claims that during his administration, America will experience a 3 percent annual growth rate — an ambition on which his current tax and budget proposals depend. However, many economists are skeptical. (1) Historically, a rise in the economic growth rate signaled corporate expansion, higher productivity, more jobs, increased wages and overall prosperity. While…

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SUMMER VACATION AND MONEY CONCERNS

Summer is the most popular time for people to take off on vacation. Unfortunately, there are a lot of little details that need to be addressed to make it a carefree journey free of summer vacation money concerns. The more you plan ahead of time, the more likely you’ll be able to enjoy yourself while…

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GETTING A COMPREHENSIVE FINANCIAL PLAN: WHY EVERY TEAM NEEDS A MANAGER

In baseball, a manager is the person responsible for running a team’s day-to-day operations, including critical, tactical decisions. When it comes to personal finances, it may make sense to have your own team manager. After all, a comprehensive financial plan is likely to include a team of various professionals. A single coordinator who understands each…

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BEST-LAID PLANS: WHAT CAN DERAIL BUILDING A RETIREMENT PORTFOLIO?

Some people dream their whole lives about retiring, while others say they want to work forever. Unfortunately, many who want to retire can’t, while some who planned to keep working find themselves mentally or physically unable. There’s no way to know for sure what will happen, but you can plan by envisioning the lifestyle you…

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FOR AMERICA, CHEERING UP KEY TO BEING GREATER

Since becoming president, Donald Trump has talked a lot about what we need to add to make America great again. But one thing we clearly need to lose is some of our misery. Independent reports comparing various countries found the U.S. is more unhappy than many. Regardless of whether you believe the U.S. could be…

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LOWER MARKET GROWTH AHEAD?

The good news is that over the last eight years, we have seen tremendous growth in the stock market.  This has allowed many of you to make up for your losses in 2008 and then some. Yet, when markets experience a prolonged upward climb, the result is stock prices at higher and higher levels.  You…

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RESIST SHORT-TERM TEMPTATIONS

Resist Short-Term Temptations We expect our texts to be answered immediately, take pills to try to lose weight fast and, because Amazon Prime’s free two-day shipping isn’t enough, the company has introduced same-day grocery delivery. (1) We live in an Amazon world one in which we demand instant gratification. As such, those who anxiously approach…

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INFLATION: IN & OUT OF CONTROL

Thanks to an agreed upon inflation rate among central banks in the U.S. and other developed nations, it’s been a while since the effects of rampant inflation were felt. A rate of 2 percent is believed to be sufficient to keep the economy steady: Growth without enormous price increases.1 However, inflation is a bit like…

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3 RULES OF INVESTING

Legendary investor Warren Buffett is often quoted in the media for his fundamental tidbits of advice that work not only for him, but are widely recognized as sound recommendations for the average investor. He once said, “Our favorite holding period is forever” to indicate confidence in the long-term success of the companies in which he…

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