Blog
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THINGS YOU CAN DO WITH MONEY
SPENDING MONEY The consumer price index (CPI) measures the cost of buying goods and services for the average American. On a regular basis, 95,000 items from 22,000 stores are surveyed, and 35,000 rental-housing units are measured. The result concludes how average Americans spend their money. According to the Social Security Administration, the breakdown of spending…
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TEN MAJOR TRANSFERS OF WEALTH
Taxes Taxes are the largest transfers in your financial life. The most common taxes are the income tax and social security tax. As part of the payroll tax, over the past several years, these taxes have not gone up much. The other hundreds of taxes that don’t make headlines continue to go up almost on…
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“Reclaim Your Money: A Guide to Understanding and Minimizing Wealth Transfers”
TRANSFERS OF WEALTH Is it possible many of the answers for a successful financial life may be right in front of you and you simply can’t see them? Many people give away most of their wealth unknowingly and unnecessarily. These are called transfers of your wealth. The discussion we are about to have will help…
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THE THREE TYPES OF MONEY
One of the most powerful discoveries you can make is how money works in your life. Knowing how money works in your life is more important than where your money is, and its rate of return. You may think that learning how money works would be a massive undertaking on your part, but it does…
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QUALIFIED PLANS: A TAX-SAVINGS EVENT?
Let’s take a look at how demographic shifts and economic trends collide with traditional thinking and planning. Everyone believes, and is told to believe, that qualified plans, such as IRAs or 401(k)s, are tax saving vehicles. If people 45 years old were to deposit $2,000 into an IRA, and they were in a 25% tax…