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Tag Archives: Personal Financial Planning

GRAT Planning Strategies

A grantor retained annuity trust, commonly called a GRAT, allows a grantor to pass assets to a beneficiary while minimizing his or her federal gift and estate tax burden. While GRATs do offer some undeniable advantages, like any estate planning technique, they are not right for everyone.
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Giving After Disaster Strikes

Natural disasters can make humans feel powerless. The impulse to help in their wake is both natural and admirable. But while there is no such thing as “bad generosity,” some gifts are more valuable than others.
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When Should You Borrow From Your 401(k)?

Sometimes the money in your retirement account can do more good in the present than in the future. While you should never raid your 401(k) for a new flat-screen TV or a vacation, under certain circumstances borrowing from your retirement plan can serve as a responsible financial planning solution.
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How Does Getting Married Affect Student Loan Payments?

Many people imagine the discussions that lead up to a marriage as romantic tete-a-tetes with the occasional choice of invitation pattern thrown in. But those conversations also can, and should, include more mundane and even potentially painful topics. One common example: the state of your student loans.
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Deathbed Financial Planning Tips

A terminal diagnosis for you or a loved one can make it seem as though your world is falling apart. While there may be nothing you can do about the illness, you may find solace in addressing issues that you can control.
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How Much Liability Insurance Do You Need?

When most people consider their insurance needs, certain types of coverage typically come to mind. Personal liability insurance, frequently called an “umbrella” policy, seldom makes this list. But when a rainy day – or an expensive lawsuit – turns up, sometimes nothing but an umbrella will do.
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Buy, Finance Or Lease: How Should I Pay For My New Car?

Whether your old car has given up the ghost or you just like “new car smell,” getting a new ride is a major financial decision. Before you start scheduling test drives, take some time to seriously consider whether you ought to buy or lease.
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Mortgage Strategies For Different Life Stages

Becoming a homeowner represents a major life milestone. But from a financial point of view, purchasing a home is not a one-time event; it is the foundation for a variety of strategies over the course of a lifetime.
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Shopping For A First Credit Card

Long before we are old enough to carry credit cards ourselves, advertisers make sure we know about the power of plastic: “It’s everywhere you want to be.” “It pays to Discover.” “What’s in your wallet?” While using an ad campaign to choose a card is a terrible idea, the slogans have one thing right: A credit card can be a powerful thing.
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