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Personal Succession Planning – Part III – Financial Power of Attorney

Thus far in this series I have discussed organizing your important documents, consolidating assets, and the Medical Power of Attorney.  In this, the third installment, I will discuss the Financial Durable Power of Attorney (DPOA), Executor and the Successor Trustee. A Financial DPOA is a legal document authorizing someone to act for you.  It may […]

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Retirement Road Trip

Imagine yourself planning a road trip across the country.  The route has been mapped out with projected stops based your vehicle’s fuel efficiency.  The amount of time, as well as the cost, has been estimated based on the price of gasoline and your expected speed.  Unexpected events like traffic, weather, or vehicle maintenance will be […]

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Personal Succession Planning – Part II – Medical Power of Attorney

In the first installment of this series I discussed organizing your important documents and consolidating assets.  Today, in Part II, I will begin to outline the various documents that may be part of your estate plan. The most important part of Personal Succession Planning is having complete and up-to-date Estate Planning documents that clearly express […]

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Easing To Create Momentum

The European Central Bank (ECB) announced yesterday plans to begin a $70 billion monthly bond-buying program (also known as Quantitative Easing) beginning in March of 2015.  The monetary stimulus program is expected to last until at least September of 2016.  This means that over the next 18 months, roughly $1.26 trillion will be pumped into […]

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Rising Interest Rates or the Brink of QE4?

My colleague, Wenny Gorman, explained in her recent blog on inflation that as prices rise, consumers are more inclined to make their purchase today as opposed to waiting.  This is because in an inflationary environment, prices are rising which means the same purchase will require more money in the not too distant future.  With deflation, […]

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Inflation Shows Biggest Drop in Six Years

Inflation is the sustained increase in the general price level of goods and services.  As inflation rises, every dollar buys a smaller amount of goods.  For example, if the inflation rate is 2%, then a $1 loaf of bread will cost $1.02 a year from now. The consumer-price index is a broad gauge of inflation.  […]

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