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Archive | April 14, 2013

Windfall Spending

The average tax refund is just under $3,000 and the average American spends that money in a way that can have a negative impact on their finances. The University of Michigan did a “windfall” study in 1994 and they concluded that students that earned money through hard work spent their money at the same rate  Click to Continue

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Reverse Mortgages of FHA

The Federal Housing Administration has started to crackdown on an increasing number of defaults on reverse mortgages.  The Home Equity Conversion Mortgage loan (HECM) has been popular with borrowers due to the immediate hefty lump sum yield.   Borrowers can still get HECMs, but get lower yields because HECMs are only available with variable rates instead  Click to Continue

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APRIL 15th, Tax Day!

Today is a bleak and dreaded day for many Americans.  Today is the last day to pull all those files together and go through the headache of filing a return with the IRS.  For those procrastinating until the last possible minute to do a return, this a stressful day.  For many, this is the day  Click to Continue

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Who is Voya Financial?

ING USA has been going through a transition recently.  ING of Netherlands, the parent company, has decided to sell off ING USA into an independent entity.  This transition has been going on behind the scenes for months now.  Last week, ING USA announced their rebranding campaign into Voya Financial.  Here’s the press release: http://ing.us/about-ing/newsroom/press-releases/ing-us-announces-plans-rebrand-voya-financial?utm_source=MarketingSuite&utm_medium=EMAIL&utm_content=DR8GBgRSERFBW0M5DwQGAR8dABof&utm_campaign=20048:ING%20U.S.%20reveals%20future%20brand%20identity    Click to Continue

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Risks of Wealth Transfer

Recently I attended a workshop on retirement income planning and wealth transfer.  The retirement income planning questionnaire hit the Four Risks of Retirement very well.  That can be seen here.  This portion of the workshop gave a thorough description of the concerns boomers and seniors need to prepare themselves for as they enter retirement.   The  Click to Continue

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The Four Risks of Retirement

Recently, I attended a workshop on retirement income planning.  I thought it covered the concepts pre-retirees and retirees must consider and prepare themselves for very succinctly and very thoroughly.  Here’s a copy of the questionnaire the advisor left as an educational thought provoking homework assignment.       Risks of Retirement Market Risk: Is my  Click to Continue

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