Archive for December 2016

What Are TIPS?

Inflation has been unusually low for the past several years, but it can still have a big impact. Even if the inflation rate hovers around the Federal Reserve’s 2 percent target range, the buying power of a dollar would be reduced to 67 cents over a 20-year period. To help offset the impact of inflation,…

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Common Financial Mistakes

One of the nice things about getting older is that we frequently learn from past mistakes. However, when it comes to finances, our needs and objectives change over time and we may make mistakes unrelated to prior mistakes. The following is a breakdown of some of the mistakes people may make during their lifelong financial…

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Calculating Retirement

Yogi Berra once said, “You’ve got to be very careful if you don’t know where you are going, because you might not get there.” When it comes to retirement, plenty of people get there — but it may not be what they expected because they either didn’t plan, or their financial strategy didn’t help keep…

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Shared Economy on the Rise

Even if you’re not familiar with the shared economy, you’ve likely heard of one of its many names, such as upcycling, on-demand, peer-to-peer lending or crowdsourcing. Some shared business models include on demand access to goods and services (Uber,Airbnb), shared products or expertise (Adobe Reader, Wikipedia) and shared information on a collaborative platform (Facebook, Twitter).…

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The Science Behind a Lie

One of the prominent media stories that emerged in the 2016 presidential election was the need for constant fact checking among the candidates. While many “untruths” are labeled as lies, often a case can be made that information was cherry picked, taken out of context, incomplete, misconstrued or misinterpreted. However, that’s not to say that…

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What Are Dividend Stocks?

A dividend stock is one that pays out regular (generally quarterly) dividends to shareholders, which can be taken as cash or reinvested. The dividend represents a certain dollar (or cents) amount paid out per share. These are typically stocks from steady, high-quality companies with a consistent track record for growth such that they can consistently…

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December 2nd Corporate Event at Second Harvest Heartland

Our team had a wonderful time volunteering at Second Harvest Heartland on December 2nd.  We closed shop and headed over to help sort and repack food for working adults, children, and seniors who are struggling with putting a meal on the table.   Second Harvest Heartland clients come from rural, urban and suburban areas, of…

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5 Quick Tips To Save You Money And Time Before The End Of 2016

With holiday shopping and festive menu planning, it is easy to lose track of things that are less exciting – like taxes and money management. Knowing that, I have compiled a short checklist of 5 things that, if done now, can save you considerable money before the year is over. The best part is they…

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Does Income Predict Net Worth?

High income is not always correlated with a high accumulation of wealth. The difference often lies in the income-earner’s level of spending versus saving, but other traits may contribute as well. It’s not uncommon to hear about millionaires who end up penniless and humble workers who diligently save long term to amass wealth. For example:…

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Parental Financial Socialization

“Parental financial socialization” is an ominous-sounding term that basically describes parents who freely and openly discuss money matters with their children. Parents can have a tremendous influence on how children value and manage money, and those values are often carried over into adulthood. Parents who assist an adult child financially can cause dependency issues, while…

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