Hyperinflation Effects

Posted by Becoming Your Own Bank Advisor – Nick Drzayich According to Investopedia the term Hyperinflation means: “Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.”  There have been some rumblings within the…

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Keeping Money Safe Lawsuits

Maybe you’ve heard a story similar to this one: one day Mr. Smith was backing out of his driveway just like any other day.  Unbeknownst to him Mrs. Jones happened to be on her morning walk past his house.  Mr. Smith was in no  hurry and he was taking his time as he backed into…

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401k’s Should Not Be Required, Sorry MSN

“It’s time to make the 401k mandatory, with every employer offering a plan and both employer and employee required to contribute.” This little ditty comes from www.msn.com, and although I know their intentions are good, this is an idea that has been perpetuated for quite some time, and it’s time to take a deeper look…

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Will Your State Be Next In Line To Increase Taxes?

  We are all aware that for the past couple years tax rates have been incredibly low.  For a look at how the current tax rates compare to past tax rates take a look at this snapshot of the Truth Concepts Calculator. Many would argue that taxes are being held artificially low as our debts…

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Make Money For Your Business And For Yourself While Planning For Retirement

I was reading an article on www.MorningStar.com about retirement planning for business owners (article here) where they answered a question… “Question: I’m starting my own consulting business. It’s slow-going, but I don’t want to neglect retirement planning while I’m getting my business off the ground. Do you have any thoughts on where to start? I…

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Dude, Where Did My Savings Go?!

I ran across this graphic today and thought I’d share.  Why in the world aren’t we saving more? Seems like workers in the 70’s and 80’s had their heads on straight, saving somewhere around 10% of what they made.  The problem they ran into is the stock market tanked at the worst time – right…

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How Baby Boomers Will Affect The Financial Markets

On January 1st, 2011, Kathleen Casey-Kirschling was the nation’s 1st baby boomer to turn 65, along with around 10,000 more. According to Pew Research, 10,000 of these Baby Boomers will be turning 65 each day throughout 2011. They continue, “26% of the total U.S. population are Baby Boomers…(this) will dramatically change the composition of the…

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Time To Retire Your 401(k)

I ran across an interesting article the other day written by Stephen Gandell and featured in the October 2009 edition of Time Magazine.  Gandell talks about the various reasons why 401(k)s have failed their owners since their inception.  You can click here to read the article in it’s entirety.  I would recommend it to anyone…

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The Dan Thompson Story

It was April of 1986 and I just found out that I passed my series 7 securities exam with a score of over 90%. Anything over 70% would be a passing grade and after the 6 hour test all I wanted to do was to pass. I had dreamed of this day. I was now…

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Build Your Financial Foundation

Building a solid financial foundation seems boring, wouldn’t you rather be trading stocks, buying low, selling high and feeling the rush that comes from risking your money for the chance of hitting the jackpot?  Maybe I’m a boring person but I’d rather start with a foundation and then play around with money that I know…

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