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Clark Randall

Contributor |  In Personal Finance

Clark D. Randall, CFP® is the founder and owner of Financial Enlightenment, a comprehensive wealth management and financial services firm. Clark has served on the Advisory Board of the Journal of Financial Planning and the Dallas Fort Worth Financial Planning Association Board of Directors. He currently teaches financial planning at Southern Methodist University.

Do You Need Disability Insurance?

Personal Finance

Do You Need Disability Insurance?

Do You Need Disability Insurance?

Imagine you had a machine that sat in the corner of your office and generated the equivalent to your entire annual salary. It dependably spits out money, month after month, year after year, without fail. Would you purchase a warranty on that machine? Would you call your insurance agent and buy an insurance policy to... Read More

How Much Life Insurance Do You Need?

Personal Finance

How Much Life Insurance Do You Need?

How Much Life Insurance Do You Need?

It has been said that life insurance is like a parachute. If you don’t have it when you need it, you will never need it again. But how much life insurance do you really need? There are really only two reasons to purchase a life insurance policy: 1) to pay off a debt or obligation,... Read More

What Should You Do With Extra Cash From Refinancing?

Mortgages

What Should You Do With Extra Cash From Refinancing?

What Should You Do With Extra Cash From Refinancing?

I was sitting in my local coffee shop recently and a gentleman sat down next to me with his friend. He was apparently a mortgage broker giving some business tips to a younger broker in order to help him increase his business. Something I overheard him say caught my attention: “You can tell your borrowers... Read More

What’s the Difference Between a Tax Credit & a Tax Deduction?

Personal Finance

What’s the Difference Between a Tax Credit & a Tax Deduction?

What’s the Difference Between a Tax Credit & a Tax Deduction?

The U.S. Tax Code provides tax relief under various conditions in the form of tax deductions and tax credits. While both of these can save you money, they work very differently. Additionally, there are business tax deductions which are not covered here. In order to understand how tax deductions and credits operate, it is necessary... Read More

7 Birthdays That Can Change Your Tax Returns

Taxes

7 Birthdays That Can Change Your Tax Returns

7 Birthdays That Can Change Your Tax Returns

The Federal income tax code has several rules that are triggered by your age. And, while birthdays are fun and simple, these tax rules can be extremely complicated. It is important to know how they apply to you. Here are seven birthdays that can wind up changing your tax returns. 1. Age 19: Kiddie Tax At... Read More

The Balancing Act: Are You Taking Too Much Risk With Your Money?

Personal Finance

The Balancing Act: Are You Taking Too Much Risk With Your Money?

The Balancing Act: Are You Taking Too Much Risk With Your Money?

Portfolio rebalancing is simply the buying and selling investments in a portfolio to make the current asset allocation match the original asset allocation. Asset allocation is the mix and weightings of investments that make up your portfolio. The two primary asset classes are equities (stocks) and fixed income (bonds). Generally, stocks are more volatile, and... Read More

5 Things You Must Think About Before Choosing Your 2016 Employee Benefits

Uncategorized

5 Things You Must Think About Before Choosing Your 2016 Employee Benefits

5 Things You Must Think About Before Choosing Your 2016 Employee Benefits

Each year around November, many of us get an opportunity to enroll in our company’s employee benefit programs. You may receive a packet of information with health benefits, flexible spending account enrollment forms, life and disability insurance options and retirement plan information. It all can be a bit overwhelming. However, it is very important that... Read More

5 Things You Need To Do Immediately After the Death of a Loved One

Managing Debt

5 Things You Need To Do Immediately After the Death of a Loved One

5 Things You Need To Do Immediately After the Death of a Loved One

When a loved one passes away, there are many issues the survivors need to navigate during an already extremely difficult time. Having to make funeral plans, notify friends and family, and start the grieving process can be overwhelming. Unfortunately, there are also several critical financial items that need your attention. 1. Request Death Certificates The... Read More

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