Month: January 2016

Tips for 2016: Buying the Right Stuff

Some Basic Factors in Creating the Right Money Mix for You is part five of Money Tips for 2016 taken from the full episode of Right on the Money. There are some basic talking points you need to address in your initial conversation with your financial advisor. These points can be the framework in your decision-making process on what assets you buy and why. It’s a good first step in creating a financial profile to help you determine the right money mix for you. Creating a financial profile requires an “honest” assessment on your attitude toward money. Here’s an...

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Fear of Running Out of Money

Human Longevity is a Risk Multiplier in Retirement is part four of Money Tips for 2016 taken from the full episode of Right on the Money. Jeanne Calment holds the Guinness Book of World Records for living the longest at 122 years, 164 days. Famous gerontologist Dr. Aubrey de Grey says the first person to live 150 years has already been born. The average life expectancy for a U.S. male is 86.6 and female is 88.8. That means half of Americans will live longer than that! It is estimated the U.S. has more than 53,000 centurions. Could you be...

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Money Tips for 2016: Controlling Your Assets from the Grave

Make Sure Your Assets Go to Your Beneficiaries and Charities is part two of money Tips for 2016 taken from the full episode of Right on the Money. With the right legal documentation, you can dictate the disposition of your assets and bypass probate. With the right paperwork, you can target your beneficiaries and charities of choice with strings attached that can give you control, even from the grave. Death is not the end if you have a great estate attorney. Avoiding probate administration is the first key to securing control over your assets when you die, even if...

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Money Tips for 2016: The Retirement Red Zone

Five Years Either Side of Your Retirement Date is the Dangerous Decade is part three of Money Tips for 2016 taken from the full episode of Right on the Money. The biggest money mistakes in retirement are in the last five years before retirement and the first five years after retirement. It’s the decade of wrong decisions, the decade of indecisions. It’s the most dangerous decade in your life because it will determine whether your retirement is defined as the golden years or sunset years. The NFL stats and the facts in the Red Zone are crunched and processed...

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Tips for 2016: Beating the Tax Bracket Racket

Tax Planning Now May Pay Off Big at the End of the Year is part one of Money Tips taken from the full episode of Right on the Money. In general, taxable income can be categorized into three basic areas: personal service, portfolio and passive. Certain adjustments can reduce your tax bill through tax deductions, exemptions and credits if you qualify for them. Tax planning at the beginning of the year may pay off big at the end of the year. The United States uses a progressive tax system, meaning as you earn more, you may cross over into...

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