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Quote Of The Week: ‘If You’re Holding Cash, You’re Going To Feel Pretty Stupid.’

‘If you’re holding cash, you’re going to feel pretty stupid.’ Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund with $150 billion in assets, interviewed by CNBC at the World Economic Forum in Davos, Switzerland  The Takeaway:  Even though asset prices are higher than they have been in the recent past, it’s not smart […]

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Quote Of the Week: The Home Equity Loan Is Dead

Bad news for Americans who have borrowed $448 billion in home equity lines of credit. It’s official. The new Tax Cuts and Jobs Act, just signed into law by the President, has killed the home equity deduction as of January 1, 2018.  “There is no grandfathering,” points out Greg McBride, chief financial analyst at Bankrate.com. “A […]

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Quote Of The Week: Why Charities Fear The New Tax Bill

“The new tax code further reduces the privileged status of charitable gifts, treating them the same as purchases from Walmart for the vast majority of taxpayers.” Todd C. Frankel, “Charities fear tax bill could turn philanthropy into a pursuit only for the rich,” The Washington Post, December 23, 2017 The Takeaway: Charitable gifts will still […]

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Quote Of The Week: Enjoy The Holidays Without Guilt

Here’s some good advice from financial columnist Jane Bryant Quinn just in time for the holidays. Jane reminds retirees and others living on a budget that it’s always important to make good decisions and monitor what they spend, but there’s no need  to “sacrifice needlessly.” “There’s no harm in spending even more of your disposable income […]

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Don’t Look Now, But Economies Across The Globe Are All Looking Sharp

What’s the secret behind this year’s economic recovery? It’s the first time in many years that world economies are growing in sync. After the 2008 recession, Europe was mired in its own debt crisis, so even though the U.S. was slowly recovering, the rest of the world was not taking part in the rebound. Now, […]

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Quote Of The Week: Training Women For The C-Suite

“Women often get too focused on just doing the job and think they need to spend all of their time working. They don’t understand how important it is to build relationships with others who are going to help them do their jobs. We tell women, ‘don’t eat lunch at your desk every day.’ You have […]

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Quote Of The Week: How Stocks React To Global Crises

Worried about how your portfolio will react to growing global turmoil? Here’s some research that may put you at ease: “History shows that after an initial dip, share prices tend to bounce back smartly.” “Fears about global turmoil may be misplaced. Over the past several decades, geopolitical crises have seldom had a lasting impact on […]

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Quote Of The Week: Is Tax Reform DOA?

“The boldest ideas for changing the nation’s tax code are either dead or on political life support, as the Republican effort in Congress to reshape the tax system moves much more slowly than lawmakers and their allies in business had hoped. …. The clear winner, so far, is the status quo.” Richard Rubin, “GOP Bid […]

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Quote Of The Week: “Don’t Leave The Best For Last”

We all struggle with decisions about how much to save for tomorrow, and how much to spend now. No one wants to run out of money too early, but most people don’t want to die with millions in the bank, either. One of the most important aspects of our job as Certified Financial Planners and retirement specialists […]

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Quote Of The Week: You’ve Accumulated A King’s Ransom, But Can You Keep It?

“If you think accumulating a king’s ransom is difficult, try holding onto one.” Steffi Claiden,”Preserving the Family Fortune,” RealAssets Adviser, March 2017 The Takeaway: Holding onto money across generations can be an enormous struggle, says Claiden. 70 percent of the wealthy lose their money by the second generation, and 90% go bust by the 3rd generation. […]

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