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 [...]
Entries Tagged as 'General Advice'
How Early Should Retirement Planning Start?
March 5th, 2010 · No Comments · General Advice, Investment Planning
Tags: compounding·plan for retirement·retirement income·retirement planning
Three Needed Health Care Reforms
February 24th, 2010 · 1 Comment · Economics, General Advice
When health care is free (i.e. single payer systems) or is hidden (current system) the demand creates shortages that cause rationing decided by the payer (government or insurance company). Reforms that encourage greater competition, personal accountability and choice, preventive maintenance, greater transparency of costs, tort reform, and tax fairness would greatly improve the best and [...]
Tags: health care reform·health insurance·intra-state competition·tax fairness·tort reform
Gifting to Family Members Can Save Taxes
February 2nd, 2010 · 1 Comment · AIP Money Management Tips, General Advice
AIP Money Mangement Tip
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 [...]
Tags: estate taxes·federal gift tax·federal reserve·gift tax exclusion·gifting·save taxes
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 [...]
Tags: Abraham Lincoln·Arbor Investment Planner·Being Thankful·Thankfulness·Thanksgiving
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 [...]
