4 Common Reasons People Go to Financial Planners

Personal Finance

4 Common Reasons People Go to Financial Planners

4 Common Reasons People Go to Financial Planners

While it is ideal to start your financial planning journey early, most people don’t consider hiring a financial planner until something significant moves them to do so. Some of the more common triggers are starting a family, receiving an inheritance and planning for retirement. Here’s a closer look at some of the big events that send... Read More

5 Things Not to Do If You Inherit Money

Personal Finance

5 Things Not to Do If You Inherit Money

5 Things Not to Do If You Inherit Money

Getting an inheritance can be a financial opportunity but if you’re not careful, it can easily be wasted. It turns out, heirs often end up spending all of the money and getting accustomed to a more lavish lifestyle than they can keep up with. Figuring out what to do with an inheritance without squandering it... Read More

What to Do With a Financial Windfall

Personal Finance

What to Do With a Financial Windfall

What to Do With a Financial Windfall

Maybe you purchase a lottery ticket every once in a while and dream of your life after winning the jackpot. If only you had millions and millions of dollars… The odds of winning the lottery may be minuscule, but there are a number of other times when you may receive a more modest financial windfall.... Read More

3 Surprising Ways to Use a Reverse Mortgage

Mortgages

3 Surprising Ways to Use a Reverse Mortgage

3 Surprising Ways to Use a Reverse Mortgage

You may have heard of reverse mortgages as a way for seniors to tap the equity in their homes to pay for living expenses, but there are other ways that homeowners are using their homes to get by. Many seniors are on fixed incomes, with Social Security payments providing a significant portion of their monthly... Read More

Reader Asks: Can the IRS Seize My Inheritance?

Personal Finance

Reader Asks: Can the IRS Seize My Inheritance?

Reader Asks: Can the IRS Seize My Inheritance?

A debt to the IRS can create enormous problems. If the IRS files a Notice of Federal Tax Lien, your credit scores will tumble. And you’ll likely find out that the IRS has a wider variety of collection tools at its disposal than most other creditors. So what happens if you come into some money,... Read More

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