Did You Hear What Just Happened With Social Security?: Congress just eliminated two popular strategies used to get greater retirement benefits.
Provided by Marc Aarons @ Money Managers Inc. If you want to claim Social Security benefits soon, keep a date & a number in mind. The date is April 30, 2016. The number is 62. Recent changes to the Social Security benefit rules have made that date and that number very important, especially for those […]
When Parkinson’s Disease Is Diagnosed: Part of a series on how to care for your aging parents.
Provided by Marc Aarons @ Money Managers Inc. About 60,000 Americans will be diagnosed with Parkinson’s disease this year. Many of them will be baby boomers, as the average age of onset for the slowly progressive neurological disorder is 55.1,2 Seven to ten million people worldwide live with Parkinson’s. It is not a fatal disease, […]
TOD or Living Trust? A look at two basic methods for shielding assets from probate.
Provided by Marc Aarons @ Money Managers Inc. How do you keep assets out of probate? If that estate planning question is on your mind, you should know that there are two basic ways to accomplish that objective. One, you could create a revocable living trust. You can serve as its trustee, and you can […]
Your Annual Financial To-Do List: Things you can do before & for 2016.
Provided by Marc Aarons @ Money Managers Inc. What financial, business or life priorities do you need to address for 2016? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those goals as well. What can […]
Ways to Repair Your Credit Score: Provided by Marc Aarons @ Money Managers inc.
Steps to get your credit rating back toward 720. We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curve and that score declines. What steps can we take to repair it? Reduce your credit utilization ratio (CUR). CUR is credit […]
Keeping All This Volatility in Perspective: These recent ups & downs are reminiscent of past Wall Street swings.
Provided by Marc Aarons @ Money Managers Inc. Fall might be anything but calm on Wall Street. Volatility is back, in a big way: the CBOE VIX has risen more than 105% since the end of July. Additionally, 11 of the 15 trading days ending September 9 were “all or nothing” days in which more […]
Riding Out This Volatile Market: A major global selloff unfolds. Is a bottom near?
Provided by Marc Aarons @ Money Managers Inc. When will the stock market stabilize? As the last trading week of August began, worried investors wondered just that. Gains for the major indices were hard to imagine at Monday’s opening bell, but few imagined the Dow Jones Industrial Average would drop 1,089 points as trading […]
What Does the Devalued Yuan Mean for the U.S.?
A look at China’s unexpected move & its potential impact. Provided by Marc Aarons @ Money Managers Inc. China has surprised global investors by weakening the yuan almost 5%. Its central bank may even weaken it further.1,5 Why did the PRC make this move? Its long-booming economy is in a slump. Most notably, Chinese exports […]
Teaching Your Heirs to Value Your Wealth
Values can help determine goals & a clear purpose. Provided by Marc Aarons @ Money Managers Inc. Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid what their heirs may do with it. In a 2015 CNBC Millionaire Survey, 44% of families having at least $1 million […]
Is America Prepared to Retire?
Two-thirds of us have no financial plan. Provided by Marc Aarons @ Money Managers Inc. Only 48% of Americans say they think they are saving enough. And 30% feel that they are not even slightly confident that they are saving enough for retirement. That finding comes from the 2015 Consumer Financial Literacy Survey conducted […]