Investing

Considering a living trust? What about a will? Do you need both? 

There are many benefits to having a living trust but, as with any legal document, it requires careful planning. In this article, you'll learn exactly what a living trust is, and explore five basic steps you should consider when establishing your own living trust.

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Piggy Bank

Saving for your child's future ... or yours: Which takes priority?

Q: I am worried about saving money for retirement while planning expenses for my children's college years. Is there a way to do both?

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Your home has equity

A home equity line of credit is popular, but is it smart? Learn how to get the cash you need while keeping your home and finances safe and sound.

A Home Equity Line of Credit, or HELOC (pronounced hee-lock) as it is called in my industry, has become as common as SUVs and Starbucks. If you don't have one, I bet you know someone who does. People use HELOCs as an easy way to get lots of cash.
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A reverse mortgage can really turn things around for seniors who are struggling to get by. But, when does (and doesn't) it make sense to cash in on your home equity?

As one of my friends puts it, "There's nothing worse than being old -- except being old and being broke."

It's a simple fact: As we live longer, we may find ourselves outliving our savings accounts. Pensions and social security often don't keep up with inflation, and then there are the kids who need help, the new roof, the prescriptions not covered by medical insurance, and all those other expenses that keep coming long after a regular paycheck has stopped fattening the savings account every month.

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Active adult retirement communities are as varied as the people who populate them. Take your time doing your research and you're sure to find one that's a good fit.

As the years roll on, some Boomers will choose to sell their homes for a variety of reasons: to save money, to downsize, to be closer to family. Builders of retirement communities are doing a better and better job of discovering what features make these communities appealing to Boomers.

If you're considering an active adult retirement community, here are 10 steps to starting your research.

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