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21 Financial Events and Trends During 2021

Money Talk

Below is a written summary of these financial milestones and their impact on family finances. Fraud- Top fraud categories reported by the Federal Trade Commission in a 2021 report were imposter, online, and internet services scams. Both Social Security and Medicare face long-term financing shortfalls.

Finance 362
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Middle-Income Earners Can Be Millionaires

Money Talk

Investment Expenses Are a Drag - Successful wealth accumulators avoid high expense ratios and front- and back-end loads (commissions) on mutual funds and costly annuities with high surrender and mortality & expense charges. A good rule to follow to build financial knowledge is to learn one new thing every day about personal finance (e.g.,

401(k) 182
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Seven Tips for Choosing a Financial Advisor

Money Talk

Many people think about hiring a financial advisor when their personal finances start to get complex (e.g., Securities and Exchange Commission or a state securities regulatory agency (depending upon the amount of assets under a firm’s management). Consider Specializations and Niches - Find out what areas of personal finance (e.g.,

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Annuity Myths and Facts

Money Talk

Examples include surrender charges, sales commissions (loads), management fees, and mortality charges. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. To dole out money to a spendthrift adult child.

401(k) 243
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You are Being Influenced: Beware of Harmful Social Media Content

Money Talk

Below are some things to know about negative social media content to avoid being victimized: Gateway to Fraud- A Federal Trade Commission (FTC) report notes that more than 1 in 4 people who reported losing money to fraud in 2021 said it started on social media (an ad, post or message). In summary, we are influenced in one way or another.

Media 185
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Do You Need Help? How to Find a Financial Advisor

Money Talk

When seeking assistance with personal finances, two of the most frequent questions that people ask are “where can I find local financial services professionals?” Securities and Exchange Commission or a state securities regulatory agency (depending upon the amount of assets under a firm’s management). and “how much do they charge?”

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Building Generational Wealth

Money Talk

Multiple Income Streams- Three types of income can build generational wealth: active (wages, salaries, and commissions), passive (e.g., This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation. interest/dividends on assets).