Saver’s Tax Credit for the 2020 Tax Year

Millions of working Americans are missing out on a valuable tax credit – The IRS’ Retirement Savings Contribution Credit or Saver’s Credit.  The 18th Annual Transamerica Retirement Survey found that an alarming 72 percent of women are unaware of the …

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Reverse Mortgages: Would One Be Right For You

What Is a Reverse Mortgage? A reverse mortgage is a way for homeowners to borrow against the equity or value of their homes. Called a reverse mortgage because instead of you making payments to a lender (as in traditional mortgage) …

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Financial Planner Alert

Looking for a Financial Advisor? Do your homework first. The key to choosing a planner is knowing what services they provide and what services you need.  You should know exactly what services you are getting, how much they will cost, …

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How to Find a Financial Planner

“Neither my spouse nor I know anything about investing. Who do you go to for advice?” Many people learn about financial planning by reading. They cull through the financial pages in newspapers or online and read financial magazines and books. …

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Disasters and Emergencies: How to Prepare and How to Respond

Preparing for Emergencies Insurance Check your current homeowner’s or renter’s insurance to see what your policy covers. Most homeowner’s insurance does not cover any damages caused by flooding, but flood insurance is available to defray the cost of potential damages. …

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Senior Financial Abuse: Reverse Mortgage Scams

The increasing frequency of reverse mortgages has unfortunately meant that mortgage scams are also on the rise. Preying on fears of financial insecurity, scammers convince the senior that a reverse mortgage is the answer to the senior’s financial problems. In …

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Senior Financial Abuse: Power of Attorney Abuse

Granting power of attorney (POA) to someone is a significant step. Having power of attorney over someone means having the right to make legal decisions for that person. Some people can use this power maliciously, causing a senior to lose …

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