Category: Financial Planning

Using Tracfone on an iPhone


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iPhone 4S on a Tracfone Service Plan In a recent post I discussed how to significantly reduce your monthly cell phone bills by switching to a prepaid plan such as Tracfone. This past week I took a used (hand me down) iPhone 4s that was originally a AT&T cell phone and converted the iPhone to…read more »

Going Broke in Retirement


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Going Broke in Retirement Individuals top retirement concern is going broke during retirement. The number one worry is running out of money in retirement. The next major concern in retirement planning is health costs followed but how much to withdraw in assets during retirement years. In recent months, market fluctuations have also been a major…read more »

Cell Phone – How to Reduce Your Monthly Costs


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Cell Phone – How to Reduce Your Monthly Costs   Last week I posted an article on reducing your monthly TV viewing expenses (cable, satellite bills), this week’s focus is on your Cell Phone and how to reduce your monthly expenses. When you consider how much you are spending annually just to carry a cell…read more »

How to Cut Your Cable/Satellite Bill


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How to Cut Your Cable/Satellite Bill   As a financial planner and a consumer, two types of monthly bills can really get me riled up, that being cable/satellite or cell phone bills. Today I would like to discuss cutting your monthly TV viewing costs by half if not even more. Cable industry costs are outrageous…read more »

Pitfalls of a Reverse Mortgage


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Pitfalls of a Reverse Mortgage Be careful before signing any contacts when considering a reverse mortgage. Make sure you fully understand the pros and cons before signing. What exactly is a “Reverse Mortgage”? A reverse mortgage allow home owners age 62 and older to borrow against the value of their homes without any repayment being…read more »

Mistakes to Avoid When Taking Social Security


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Mistakes to Avoid When Taking Social Security It seems recently that every other article I read is concerning Social Security benefits, when to take them and what options are available. The problem arises when seeking help directly from the Social Security Administration; simply put a majority of Social Security workers are not adequately trained on…read more »

How to Hire a Financial Planner


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How to Hire a Financial Planner When considering hiring a financial planner, what should you consider, an established planner that has been in practice many years or a new planner? There are advantages and disadvantages to hiring a new or experienced financial planner. First consideration should be are they a “fee-only financial planner” or do…read more »

Buying US Savings Bonds


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Buying US Savings Bonds An alternative to buying certificates of deposits (CD’s), saving account and money market funds can be found via US Savings Bonds. US Series I Savings Bond pay a yield that is tied to the Consumer Price Index and is adjusted twice a year in May and November; the current yield is…read more »

Establishing an Emergency Fund


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Establishing an Emergency Fund   Welcome to DFI Wealth Strategies Blog The goal of this blog is to bring you on a weekly basis articles on a variety of financial planning topics to include financial planning, investment portfolio management, tax and estate planning, cash flow management, insurance planning, business planning and general consumer related financial…read more »