General Financial

Top 10 Tips to Financial Freedom

Spend less than you earn. Develop a savings plan and pay yourself first. Understand the power of compounding interest. Be mindful of the future. Save and invest regularly for the…
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What Does “Probate” Mean?

The term “probate” is associated with estate planning and describes the legal process by which a decedent’s will is processed by a special court.  An executor of the estate is…
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Today’s Low Interest Rates

Interest rates are at historic lows. In many cases, savings account rates and short-term certificates of deposit rates are below 1%. Rates for borrowing, such as for long term mortgages…
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The “Wonder” of Compound Interest

Compound interest is sometimes called one of the wonders of the financial world. Very simply, compound interest just means you earn interest on your interest. The terms "compounded daily", "compounded…
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The Federal Reserve and Interest Rates

Few financial issues receive more attention in the press than the Federal Reserve Board’s actions with interest rates. It seems there is always some mention of what the Fed’s chair,…
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Positioning Your Financial Future

It is easy to procrastinate when it comes to your finances.  However, low interest rates, uncertain financial markets and geo-political tensions make now an ideal, if not critical, time to…
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Inventory Your Belongings

Few individuals take the time to adequately prepare a list of household items. If there is a fire, flood, or theft, having an inventory is essential in making an insurance claim.

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Interest Rates and Other Measurements

  Interest rates play an important role in our financial lives and our financial decision making. Having a better understanding of what different rates mean can help you make better…
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How Long Will My Money Last?

Most financial and retirement planning efforts focus on analyzing how much money you will need at retirement or want to accumulate by a particular date. If you save enough on…
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Establishing Good Financial Habits

We all tend to develop habits that provide a rhythm or structure to our daily lives.  Once these habits are developed, they can be hard to break.  Building good financial…
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Building Your Financial Literacy

Starting your financial life and making the decisions that go with your independence can be intimidating.  The issues can be complex, the consequences of your decisions can be profound and…
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Deposit Insurance from NCUA

Properly established share accounts at a credit union are insured.  In recent years the insurance limit was $100,000.  In October 2008, the insurance limit was raised to $250,000.  (These higher…
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Deposit Insurance from FDIC

The Federal Deposit Insurance Corporation (FDIC) insures properly established accounts at a bank or savings and loan.  In recent years the insurance limit was $100,000.  In October 2008, the insurance…
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Building a Savings Nest-Egg

Saving doesn’t have to be impossible.

Unexpected expenses or the temptations of shopping can make even the best plans unsuccessful. Yet having a financial cushion is one of the most important things you can do to feel financially secure. Learn some key ideas to help.

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Interest Rate Risk

The changing interest rate environment has prompted many individuals to examine their borrowing and take advantage of lower rates.  The affect of the current lower rates has also been felt…
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Getting Out of Debt

For many, using credit is a normal part of handling their finances.  For others, using credit can lead to uncontrolled spending, anxiety, unpleasantness or even bankruptcy.  If you want (or…
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Be Interest Rate Wise

Interest rates have become a highly visible issue with news stories about rate changes almost everyday. Much of the press coverage concerns the Federal Reserve and its chairperson, Jerome Powell.…
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