Risk Free Returns?

A bank teller told a client he should put his maturing CD in an investment that would provide a 4% guaranteed return instead of the .25% CD rate the bank was offering.   Another client submitted paperwork to start receiving income from a maturing annuity and was called by a company representative wanting him to roll it into an investment that would give him ‘much higher returns.’ Index annuities are the new answer to your investment prayers, if you believe the promotions. At the most basic level annuities are investments issued by insurance companies that provide [read more]
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Don’t Let Your Ex Get Your 401(k)

(from Jane Bryant Quinn’s Dimespring article dated 4/8/2013.  Click here for the original post. Jane is a nationally known commentator on personal finance with books and columns read and trusted by millions.  Read more of Jane’s work here.) The story of Scott and Erika should be a wake-up call. They married in 2005. As any new spouse would do, Erika made Scott the beneficiary of her company 401(k) retirement and life insurance plan. The marriage went badly. They separated the following year. As part of the divorce agreement, Scott waived his legal right to… [read more]
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Learning from Children about Charity

My husband works for the Leukemia and Lymphoma Society.  Through his job I am able to witness medical miracles, courageous determination and amazing acts of selflessness.  Many times, it is a child who amazes me the most. In his current campaign, Man and Woman of the Year, he has recruited candidates for a ten week fundraising competition where the men compete against each other, as do the women.  The candidates are running in honor of a Boy and Girl of the Year.  This year’s boy hero is eight year old Blake Kamstra.  Blake had [read more]
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With the First Pick…

I have to admit to listening to sports radio as an occasional guilty pleasure.  It’s not the highest form of communication, but can be a good mix for getting up to speed on the latest in the sports world and a welcome break from the news in Washington and on Wall Street.  Following this weekend’s Masters begins a three week stretch where you will find me nowhere near sports radio.  The NCAA tournament and the Masters are behind us, baseball is underway enough that we’re over Opening Day, but not yet ready to dive into [read more]
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When the Wheels Fall Off

When facing the unexpected, plans made under normal circumstances are often abandoned for overly emotional reactions. Sticking to a well designed plan when the wheels fall off can mean the difference between long term success or failure with our finances. Click below to hear more about Jeannette’s story about a family member and how they’ve had to adjust their plans.  Click here to learn more about the Employee Benefit Research Institute study Jeannette references.… [read more]
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