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Interest Rates 101
Interest Rates 101

Interest Rates 101

September 24, 2020 / David Bimler

If you’ve been researching loans, you’ve certainly noticed the term interest rate. Expressed as a percentage, usually in annual terms, an interest rate is the amount of money your lender charges you for a loan. Nearly every type of loan, including mortgages, car loans and student loans, charges an interest rate. Rates vary depending on your credit score, the type of loan and the lender.…

Work-from-home scams and how to avoid them
Work-from-home scams and how to avoid them

Work-from-home scams and how to avoid them

September 10, 2020 / Ray Wills

As the coronavirus crisis causes unemployment numbers to increase, a trend has emerged: Many people are falling victim to work-from-home scams. Identifying these scams can be tricky, as work-from-home opportunities have skyrocketed due to nationwide stay-at-home orders.…

Unsecured or secured loans: What's best for you?
Unsecured or secured loans: What's best for you?

Unsecured or secured loans: What's best for you?

August 24, 2020 / Dave Bimler

Smart borrowers understand the loan options available to them. The majority of loans are either unsecured or secured. Each loan type has its pros and cons. When you apply for a loan, do your homework.…

A GRAT in action
A GRAT in action

A GRAT in action

August 17, 2020 / The Merrill Anderson Company

The Grantor-Retained Annuity Trust (GRAT) has emerged as a popular strategy in the estate planner’s toolkit. The idea is that a grantor places assets in a trust while retaining the right to receive payments from the trust. When the term of the trust expires, any assets remaining in the trust pass to a beneficiary, typically a family member.…

Read this before cashing out your retirement account due to COVID-19
Read this before cashing out your retirement account due to COVID-19

Read this before cashing out your retirement account due to COVID-19

August 11, 2020 / Beth Reeser

The Coronavirus Aid, Relief and Economic Security (CARES) Act offers a provision to soften the economic impact from COVID-19. It authorizes the withdrawal of up to $100,000 from IRAs, or 401(k) retirement accounts, without penalty…

Seven ways to save money by going green
Seven ways to save money by going green

Seven ways to save money by going green

July 23, 2020 / Fallon Finnegan

We all know we should turn off the lights when we leave a room, unplug appliances we aren’t using and invest in reusable drinkware to reduce our carbon footprints. But, changing other small habits can have a positive impact not only on the environment, but also your wallet.…

Three mistakes in portability planning
Three mistakes in portability planning

Three mistakes in portability planning

July 16, 2020 / The Merrill Anderson Company

The increase in the amount exempt from federal estate tax to $10 million per taxpayer (plus inflation adjustments) has been a game changer for estate planners.…

How to spot elder financial abuse
How to spot elder financial abuse

How to spot elder financial abuse

July 09, 2020 / Ray Wills

Elder financial abuse is, unfortunately, very common. According to the American Bankers Association, older Americans control 70 percent of the wealth in the United States.…

Credit reports are now free once a week
Credit reports are now free once a week

Credit reports are now free once a week

July 02, 2020 / Ray Wills

As the COVID-19 pandemic continues to put pressure on the economy, one helpful (yet temporary) change has been made to the number of times you can access your credit information.…

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