Is an extended warranty worth the cost? When you’ve purchased an electronic device, major appliance, or vehicle, chances are you’ve been asked if you also wanted to buy an extended warranty or service contract. Extended warranties are offered by retailers for an additional cost to customers and provide repair or product maintenance for a specific period of time. Selling extended…
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Buying Time Increases Happiness
Time versus money Time is one of our most valuable resources, and sometimes money is the tool that allows us to buy more time with our families or to do things we enjoy. Does it increase happiness? Researchers took a look and found it does. This was the primary finding of a study by University of British Columbia psychology professor…
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Impact of Inflation on Spending
Investing to Outpace Inflation One of the reasons we invest in markets is to protect our money from the corrosive impact of inflation. When prices increase over time, the earning power of a dollar is reduced.That’s what inflation is: the erosion of the real purchasing power of wealth. Inflation is an important aspect of investing. In many cases, the reason…
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Mid-Year 2018 Tax Planning
Half-Time: Taking Stock of the Tax Changes The Tax Cuts and Jobs Act passed in 2017 changed the federal tax landscape for both individuals and businesses. Many of the provisions in the legislation are permanent, but many others (including most of the tax cuts that apply to individuals) expire at the end of 2025. Here are some of the significant…
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Planning for Remarriage
If you are thinking of marrying again… For those courageous enough to remarry, there are many financial questions to answer together. How will you combine finances? This issue gets thornier the older you are. You’ll want to create a financial strategy that considers the assets, liabilities, and financial responsibilities that each partner brings to the marriage. Financial planning for remarriage…
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