“This Time is Different”

The last few weeks I’ve met with clients and prospective clients who are very afraid of where our country is headed due to the climbing Federal deficit, the fall in interest rates, and the decline of the dollar vs. other currencies. Some have purchased gold or silver as a hedge against the anticipated fall of US stocks. I understand their concerns, and they are not unfounded. One of the benefits of getting older is the perspective it provides, especially when it comes to investing and people. (Others might say I’m just getting crotchety, but I… [read more]
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Confronting Your Personal Debt Ceiling

(from Carl Richard’s New York Times’ Bucks blog, 4/18/2011 – click here for the original post.  Carl  is a certified financial planner in Park City, Utah. His sketches are archived on the Bucks blog and on his personal Web site, www.BehaviorGap.com.)
We’ve all made financial commitments like mortgages, rent payments, college tuition and utility bills. When you combine those commitments, you end up with the foundation for a budget. But what happens when those commitments exceed your income?After we become accustomed to a certain lifestyle, it can be difficult to make adjustments when … [read more]
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Small Tasks, Big Impact

We’ve had a slew of things come across our desks recently that are little things that can be done that can go a long way in protecting our assets & our families in various ways. We wanted to share those briefly with you in this week’s blog. Next of Kin Registry For our readers who reside in the State of Ohio, the BMV has created a next-of-kin registry to help expedite emergency notification. The registry is a database of emergency contacts for anyone with a valid driver’s license or state identification card. It enables law… [read more]
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Resetting Expectations

With interest rates remaining near historic lows, many clients have been refinancing their mortgages over the past few months. A lot has changed since they took out their loan or last refinanced, and not just with interest rates. I’ve heard from more than one person who is surprised to find out that you need a credit score of 780 or higher to snag the best rates as well as 20% equity in your home.
A few things to keep in mind when you start shopping for the best rate:
  1. Check http://www.annualcreditreport.com/ for a free credit
[read more]
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