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Entries Tagged as 'General Advice'

Ten Major Personal Beliefs of Ken Faulkenberry

July 11th, 2010 · 2 Comments · General Advice

Here are my 10 major personal beliefs:
 
I believe I was created by God; a totally unique body, mind, and soul.
 
I believe I am a sinner, and therefore fall short of being worthy to spend eternity in heaven.  God sent his son, Jesus Christ, to die for me (pay my penalty), so that I could [...]

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Excerpts from Arbor Investment Planner Updates

May 8th, 2010 · 1 Comment · General Advice, Portfolio Management, Risk Management

Arbor Investment Planner subscribers received the following excerpts in their AIP Updates before the market fell: 
 
4/22/2010
“Current Strategy: Maintain a very conservative asset allocation. You should have your portfolio is a position you feel comfortable sustaining a severe market correction of even a major bear market. Risks currently outweigh potential rewards. Preservation of capital is more [...]

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In The Multitude of Counselors: Safety in Sound Advice

April 12th, 2010 · No Comments · AIP Money Management Tips, General Advice

AIP Money Management Tips                             
 
By Ken Faulkenberry
Too often we let lack of time, pride, or selfish desires keep us from seeking wise counsel. We have a culture of buying now and paying later; acting quickly instead of planning thoughtfully, and giving into our impulses instead of allowing discipline to rule our lives.
 
Grandparents, Parents, Husbands and [...]

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How Early Should Retirement Planning Start?

March 5th, 2010 · No Comments · General Advice, Investment Planning

By Ken Faulkenberry
Financial experts estimate you will need 70 – 90% of your current income to maintain your current standard of living when you stop working. The three most common sources of retirement income are social security, employer-sponsored retirement plans, and personal savings and investments. Besides the fact that social security benefits will almost certainly [...]

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Gifting to Family Members Can Save Taxes

February 2nd, 2010 · 1 Comment · AIP Money Management Tips, General Advice

AIP Money Mangement Tips
 
Each person is allowed to make gifts of up $13,000 per recipient per year free of federal gift and estate taxes. The gifts can be made to an unlimited amount of people. A man and wife can each give $13,000; making the limit $26,000 for a married couple.
 
Use of the gift tax [...]

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Being Thankful Helps Us Live Better Lives

November 25th, 2009 · No Comments · General Advice

When Abraham Lincoln declared the final Thursday in November as a national day of thanksgiving, it was designed as a day to reflect and thank God for the many blessings we have received.
 
Why Be Grateful? We should do our best to be grateful not only in the big things, but also to be grateful for [...]

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Ten “You Cannots” by Abraham Lincoln

November 10th, 2009 · No Comments · General Advice

There is some dispute as to whether all the quotes were actually said by President Lincoln; but regardless, they are valuable lessons for today.
 
1.     You cannot keep out of trouble by spending more than your income.
2.     You cannot strengthen the weak by weakening the strong.
3.     You cannot establish security on borrowed money.
4.     You cannot [...]

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