Tag: financial advice

Time to Build Your Case for Loan Forgiveness

Time to Build Your Case for Loan Forgiveness

It’s now time to build you case to ask for loan forgiveness if your business received a loan from the Small Business Administration (SBA) Payroll Protection Program (PPP). That’s because there is now guidance on filling out the new Loan Forgiveness Application. Background Around three quarters of small businesses in the United States requested relief from the SBA PPP loan…

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Ideas to Help Pay Bills During Tough Times

Ideas to Help Pay Bills During Tough Times

You’re not alone in trying to navigate the financial uncertainty during the coronavirus pandemic. 10 million+ American workers who lost their paycheck because of COVID-19 need to find creative ways to pay bills. Here are 6 ways to get cash to help pay for your monthly expenses. Apply for state unemployment benefits. Recent federal legislation expands traditional state unemployment payments…

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Alert! Creative COVID-19 Scams

Alert! Creative COVID-19 Scams

Thieves are getting creative with different ways to gain access to your checking account and personal information during the COVID-19 pandemic. Here are some of the reported schemes: Mandatory online COVID-19 Test Individuals posing as workers from the U.S. Department of Health and Human Services or other federal departments use text messages to instruct you to click on a link…

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Documents Needed for Estate Planning

Documents Needed for Estate Planning

You work hard providing for your loved ones during your life. You can also provide for them when you are gone with a simple estate plan that legally conveys your desires to all your heirs. Here is a short list of some of the basic documents you should consider including in your estate plan. Information memo. Keep a list of…

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Check your credit report – it’s free

Check your credit report – it’s free

You can check your credit rating from all three of the major credit reporting agencies for free to ensure the accuracy of your report. Simply log onto the Internet and go to www.annualcreditreport.com. Alternatively, you can receive your free report if you call 1-877-322-8228. You are allowed to obtain one free report from each agency annually. Why bother to get…

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How to Have a Comfortable Retirement

How to Have a Comfortable Retirement

If you’re age 35 or more and haven’t made a serious effort to plan for retirement, your dreams of a comfortable and active retirement could turn into the nightmare of being old and poor. Scare tactics, you say? Consider this: most experts say you need at least 66% of pre-retirement income to live comfortably when you retire. But an active…

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Lost Pet? Don’t Become a Fraud Target

Lost Pet? Don’t Become a Fraud Target

When a pet disappears, owners can become distraught, calling animal shelters, advertising in local papers, posting photos on every telephone pole and fence post all in the hope of hearing news of their lost animal. At such times, pet owners are also more vulnerable to fraud. Consider the following scenarios: The truck passerby: You get a call from a truck…

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The Nine Basic Rules of Investing

The Nine Basic Rules of Investing

There is no magic to making money by investing. It requires discipline, determination, perseverance, and hard work. In deciding what investments are suitable for you, you must first understand the nine basic rules of investing. 1. Risk versus return. The greater the risk that you will lose not only the return on your investment but your original investment as well,…

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Investing Basics: Know When to Sell a Stock

Investing Basics: Know When to Sell a Stock

Selling a stock is an important decision – almost as important as the decision to buy. Unfortunately, while the world is full of buy recommendations, there is very little advice on when to sell. Many investors make the mistake of holding onto losing stocks too long. Sometimes they compound this error by selling their winners too soon. The results? A…

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Avoid the 10% Early Withdrawal Penalty

Avoid the 10% Early Withdrawal Penalty

It is one thing to be taxed on retirement contributions and their related earnings when you withdraw funds from your Traditional IRA, it is quite another when you pay the tax PLUS a 10% penalty for early withdrawal. Need funds prior to retirement and want to avoid the early withdrawal penalty? There are cases when this can be done: Medical…

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Financial Basics: Buy the Right Insurance

Financial Basics: Buy the Right Insurance

To keep your insurance costs down, don’t buy insurance to pay for every small medical bill, auto repair, or financial loss. Build a savings account to handle life’s small financial inconveniences. Think of insurance as protection against catastrophes. You can lower your insurance premiums significantly by taking larger deductibles. Also, look for comprehensive insurance, not coverage for one specific event.…

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Nine Basic Rules of Building a Nest Egg

Nine Basic Rules of Building a Nest Egg

Building a nest egg to give you a secure financial future doesn’t require a degree in economics, just a degree of common sense. The rules are easy and time-tested, and the smart players always abide by them. 1. It’s never too late or too early to start. Think back five or ten years and say to yourself, “Where would I…

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Use financial information to increase your business profits

Use financial information to increase your business profits

Most successful business managers use financial statements and other special reports to generate higher profits. If you haven’t been using all the financial tools available to you, here are some ideas to get you started. There is no need to feel intimidated by financial statements. If your company’s record system is properly designed, you should be getting regular financial reports…

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Tax strategies for homeowners

Tax strategies for homeowners

Be aware that important tax consequences are often associated with some fairly common events involving your home. Here are some handy things to know. Home purchase. When purchasing a home, you may pay a portion of the mortgage interest in advance. This loan origination fee, or “points,” is a percentage of the total amount borrowed. If points are paid for…

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High medical bills? Consider these 3 tips to save…

High medical bills? Consider these 3 tips to save…

With increasingly high costs of medications, doctor visits and hospital stays, remaining healthy has become an expensive proposition. In addition, it seems as though health insurers are passing along more and more costs in the form of higher deductibles, increased premiums and larger co-payments. Out-of-pocket costs for even one hospital stay could break a household budget. Fortunately, you can control…

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Protect Your Privacy in 5 Simple Steps

Protect Your Privacy in 5 Simple Steps

Do you use a smart phone, tablet, or desktop computer to connect with friends and make purchases, as well as share health concerns with your doctor? If so, your privacy may be at risk. Companies called “data brokers” routinely compile information about your habits and preferences, including your favorite brands, recreational pursuits, and credit habits. Data brokers use this information…

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Considering Paying for Your Child’s College Education?

Should you pay for your child’s college education? Or should your child find the financing? There are compelling arguments for both sides, but ultimately, your family needs to do what’s best for your financial situation. Most families find that a combination of both works the best. Parents should pay. Arguments in favor of shelling out your hard-earned cash for a…

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