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Disability Insurance

The most glaring gap I see when it comes to insurance in financial plans is a lack of disability insurance.

How to Keep Your Life Insurance Costs Down

With rates as low and competitive as they have ever been, it’s as close to a “buyers” market in life insurance as you’ll see.  Still, in these cash-strapped times, curbing all costs and expenses is a priority for most people, and buying life insurance is no different.

Health Savings Accounts

The Health Savings Account (HSA) is similar to retirement accounts like an IRA or a 401k, but it is unique in that it enjoys both the benefit of tax-deductible contributions and tax-free distributions (as long as they are for medical expenses). This special tax treatment of the HSA has created a wrinkle in the traditional approach of funding retirement accounts.

Money While Traveling

My 17-year-old son, Peter, is traveling to Guatemala for two months this spring. One of the countless things my wife, Lisa, and I are worried about is how is he going to get money. We obviously don't want him to carry a lot of cash. One solution I came across that is great for international travel is a checking account through Charles Schwab.

Credit Unions

If you do your personal banking at one of the large national banks, you've seen your fees for basic services creep up over the past couple of years. In their struggle for profitability, these banks are putting the squeeze on their customers.

Health Savings Accounts

The Health Savings Account (HSA) is similar to retirement accounts like an IRA or a 401k, but it is unique in that it enjoys both the benefit of tax-deductible contributions and tax-free distributions (as long as they are for medical expenses). This special tax treatment of the HSA has created a wrinkle in the traditional approach of funding retirement accounts.

Prediction-Free 2016 Outlook

After rereading my January 2014 outlook, I am not surprised that this year's will be remarkably similar. Energy stocks were the worst performer in 2014, and anyone who went bargain hunting thinking $60 a barrel would be the low got banged up again in 2015. Lesser-quality bond spreads were widening, and that trend continued this year.

Canary in a Coal Mine?

This blog post is an excerpt from the December 11th edition of OAM's Taking Stock Newsletter.

A Few Year End Tax Tips

It's that most magical time of the year again.  No, not the holidays. It's your last month to do any tax planning for 2015.

The End of File and Suspend

For as long as I have been a financial planner I have utilized a social security claiming strategy know as "claim and suspend" for clients in a position to delay until age 70. This would allow the spouse with the highest lifetime earnings to claim social security at the full benefit age of 66, but not receive any payments.

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