Pre-Pay Your Mortgage: Save Interest

2018-11-05T19:11:05+00:00 November 5th, 2018|

  Is reducing the length of your mortgage loan by accelerating your mortgage payments the right decision for you? Prepayment can save you money, particularly if you plan to reside in your home throughout the life of your loan. Getting Down to Basics Suppose you have a $200,000 mortgage at 7% for 30 years, your [...]

Auto lease or purchase?

2018-08-08T13:32:23+00:00 August 8th, 2018|

To Buy or Not to Buy: Exploring the Leasing Option Automobile leasing has grown in popularity over the past decade, but many people still hesitate to enter into a lease. This may be because there are so many factors to consider that it seems easier to buy a vehicle. Under the right circumstances, however, leas­ing [...]

Understanding Interest Rates and Your Financial Situation

2018-05-14T18:10:53+00:00 May 14th, 2018|

When discussing bank accounts, invest- ments, loans, and mortgages, it is important to understand the concept of interest rates. Interest is the price you pay for the temporary use of someone else’s funds; an interest rate is the percentage of a borrowed amount that is attributable to interest. Whether you are a lender, a borrower, [...]

Traditional IRAs—Forgotten, But Not Gone

2018-05-14T18:04:56+00:00 May 14th, 2018|

With the number of financial products available in today’s retirement savings marketplace, the traditional Individual Retirement Account (IRA) can get easily overlooked, despite the potential for tax deferral and income tax deduction for individuals under the age of 70½. Here are some categories of savers who may benefit from a traditional IRA retirement savings account: [...]

Credit Reports and Identity Theft Protection

2017-11-10T17:02:48+00:00 November 10th, 2017|

Identity theft is a serious crime, with increasingly greater numbers of consumers being affected every year. As part of a protection strategy, the Federal Trade Commission (FTC) and other consumer credit organizations recommend a proactive approach to safeguarding your identity: checking your credit report annually. A credit report records information about your bills and loan [...]

Understanding the Consumer Price Index

2017-11-07T01:32:42+00:00 September 25th, 2017|

The highs and lows of the economy affect people and markets in a variety of ways. While some sectors may be thriving, others may be sluggish. One economic indicator used to gauge the state of the American economy is the Consumer Price Index (CPI), which measures the rate of inflation in the United States. Inflation, [...]

Social Security: Is Your Age a Retirement Numbers Game?

2017-11-07T01:33:30+00:00 August 30th, 2017|

When preparing for your retirement, think about how much income you may need each year to fund the lifestyle you want. To help maintain your living standard, you may need to save enough money to supplement other sources of retirement income, such as a company pension and/or Social Security. It is also important to be [...]

Are You Rethinking Retirement?

2017-11-07T01:34:01+00:00 August 20th, 2017|

The "golden years," a common term of endearment for retirement, may no longer apply to those individuals who are following the beat of a different drum and envision a more active life as they get older. At the same time, many people may not be taking a conventional retirement in an uncertain economic climate, because [...]

Can a Living Trust Replace Your Will?

2017-11-07T01:34:25+00:00 August 9th, 2017|

When planning your estate, you may consider setting up a revocable living trust. A properly managed revocable living trust can provide unique benefits; however, it does not completely replace a will. In determining whether this type of trust is appropriate for you, it helps to understand the overall benefits and tradeoffs of this estate planning [...]

The Dollars and “Sense” of Protection

2017-11-07T01:35:21+00:00 July 27th, 2017|

If you’re like most people, you’ve worked hard over the years to accumulate assets and achieve your family’s current standard of living. As a result, you probably take important steps to protect your valuables and other tangible assets. Certainly, most people understand the value of automobile insurance, homeowners insurance, and additional insurance coverage for items [...]