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Financial Planning: Curb Your Credit Card Spending
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How Much Government Do We Really Have?
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Are YOU ready for retirement?
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How Much Health Insurance Do I Need?
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One Hidden Way the IRS Hurts the Bereaved

Financial Planning: Curb Your Credit Card Spending

teal credit card digits close-upA Fee-Only financial planner does more than examine your budget or prepare your taxes. He or she takes a holistic approach to helping you figure out what your financial goals are and what steps you need to take the reach those goals.

One way they do this is through talking to you about your lifestyle and your approach to managing your money. If you tend to overspend, don’t hide it from a financial advisor because it will be hard to get the results you want if you are undermining a financial plan.

In “The Most Serious Threat When Using

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How Much Government Do We Really Have?

How Much Government Do We Really Have?

The federal government alone employs 3.56 million people full-time. According to the Census Bureau’s estimations, there were over 316 million people in the US in 2013. That means 1.125% of them were full-time federal employees. But don’t think for a minute that the government ruling us is small.

For reference, the entire population of Delaware was 925 thousand and 21 states have smaller populations than the federal government has employees. Nearly four times the entire population of Delaware owes its livelihood to tax money. That’s the weight of 1%.

If that still seems small, think about the amount of effort …

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Are YOU ready for retirement?

Photo courtesy of David Marcu on unsplash.com

Photo courtesy of David Marcu on unsplash.com

In this time of disappearing pensions, corporate downsizing, and high unemployment it becomes a great concern that many folks are still not saving enough for retirement. This may be due to a failure to realistically assess future costs or because we’re spending too much without saving – which is a hallmark of the baby-boom generation. Granted, there are plenty of good reasons why spending is out of control – with healthcare costs increasing all the time, for example. But I suspect that much more of the blame for our low savings balances is …

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How Much Health Insurance Do I Need?

How Much Health Insurance Do I Need?

The answer is simple: enough to ensure that if you (or a covered family member) get sick or injured, you’re not footing the entire medical bill on your own.

If you receive health insurance through your employer, your choices are limited. Some employers will offer plans from multiple health insurance providers, but most limit their offerings to one provider. Additionally, most employers offer one or more of the following: an HMO, a PPO or a traditional plan.

• An HMO (or health maintenance organization) is usually the lowest-cost alternative. As a result, enrollees …

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One Hidden Way the IRS Hurts the Bereaved

One Hidden Way the IRS Hurts the Bereaved

It is often said that the only two certainties in life are death and taxes. The IRS takes that truism to heart by first obligating you to calculate when you are likely to die and then making you pay taxes accordingly.

The Individual Retirement Account (IRA) was created to help people save for retirement in a tax-advantageous way. With a Roth IRA, your contributions come from already taxed money. Retirement withdrawals are not taxed. With a traditional IRA, contributions reduce your current taxable income, but future withdrawals during retirement are taxable.

Roth IRAs benefit those in low tax …

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