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The Care and Feeding of Your Estate Plan

| November 3, 2017 | 0 Comments

Most affluent Californians have some form of estate plan. While a will is a basic necessity, many people have invested in a comprehensive package including a will, trust, powers of attorney and advanced health care directive. As I’ve written before, your estate plan determines what happens to your assets once you’ve passed away or when […]

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From Academic to Retirement – A Case Study

| October 2, 2017 | 0 Comments

It’s been said that roughly 10,000 baby boomers retire every day. Even though so many people are doing it, there’s still a considerable amount of stress as you transition from working into retirement. The big financial transition is from drawing a paycheck to drawing down savings, but the emotional changes of purpose and identity can […]

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Financial Planning for the Terminally Ill

| September 6, 2017 | 0 Comments

Over the past few months, I’ve had an up-close and personal experience with this topic: my father recently passed away after a protracted illness. Financial planning is about making the best use of your available resources (money, time and skills) to do the things you want to do in life. Estate planning is most often […]

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Should You Buy Rental Car Insurance?

| August 1, 2017 | 0 Comments

It’s probably safe to say that most of us have been there before. That uncertain pause when the rental car clerk asks “Would you like to buy our accident waiver insurance?” You don’t want to be liable to the rental car company if you damage their car, but paying for all of that coverage can […]

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Costly 401(k) Mistakes That Could Wipe Out Your Retirement Plan

| July 9, 2017 | 0 Comments

We were recently asked to help someone who had a very unusual problem with her 401(k). While the combination of problems was unusual, the situation illustrated several common mistakes people make. In this case the combination of mistakes compounded into a nightmare. Hopefully, after reading this article, you’ll be able to avoid that result. Here’s […]

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Five Simple Steps to Reduce Your Debt

| June 6, 2017 | 0 Comments

According to the Federal Reserve, total consumer debt (mortgage, credit card, auto and other) totals $12.7 trillion, or roughly 99 percent of disposable personal income. Of this, revolving debt is just shy of $1 trillion, most of which is credit card debt. One more stat: for households that carry a balance on their credit cards, […]

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Do Tax Cuts Really Stimulate the Economy?

| May 1, 2017 | 0 Comments

There’s a very popular economic theory that suggests that if tax rates are at zero or 100 percen, the government will raise no revenue in either case. At 100 percent, all income goes to the government so there is no incentive for people to work, while a tax rate of zero percent obviously raises no […]

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Home Sweet Rental

| April 3, 2017 | 0 Comments

Lately, there have been a few homes in Mission Hills that have been listed on websites like VRBO.com, AirBNB, HomeAway and others. My family has used these websites to find great travel deals. But a recent article shared by one of my colleagues got me thinking: how do you insure something like that if you’re […]

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Estate Planning Is More than Just a Will

| March 4, 2017 | 0 Comments

Not too long ago, I wrote about the most basic estate-planning tool: your will. If you have children, or really anyone whom you wish to benefit at your death, your will is the most essential foundation for putting your affairs in order after you’re gone. However, “after you’re gone” isn’t the only scenario your estate […]

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An Unlikely Valentine’s Gift: Sharing and Preparing

| February 6, 2017 | 0 Comments

This is probably not going to sound all that romantic. I will even admit that my Valentine’s suggestion probably is a lot more practical than most people would normally consider. There’s no jewelry involved, though a box of See’s candies and a rose would round things out nicely. For many couples, especially those who have […]

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