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Should I Borrow From My 401k?

The average household with credit card debt had a balance of $16,748 in 2016, nearly passing the peak of $16,900 in 2008. The average credit card annual percentage rate is sitting at 15.8% as of May 17, 2017, which represents an expensive way to fund spending! This leads us to a question that many individuals as us on a daily basis, "Should I borrow from my 401k to pay off debt or to make a major purchase?"

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Money-wasting Food Myths

Money-wasting Food Myths

The road to better health may sometimes involve an extra expense here and there, but you should be careful about wasting money on diet ideas with promises that are more based on myth than fact. Identified below are four diet strategies that may be ineffective and financially expensive!

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Estate Planning Checklist

Estate Planning Checklist

Estate planning is a critical part of life planning. Estate plans are made up of many parts, including wills and trusts, as well as any additional documents or information that will help beneficiaries carry out the requests of the benefactor. Use our in-depth Estate Planning Checklist to help you check off the important things you need when developing your plan.

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A healthy body equals a healthy pocketbook!

A healthy body equals a healthy pocketbook!

Of all the activities you are saving for in retirement, did you know that healthcare may have the biggest price tag? One study found that a man may need to save $124,000 and a woman may need to save $140,000 for health care in retirement if they want a 90% chance of being able to pay all their future medical bills! Crazy, right? Thankfully, your retirement health costs are not set in stone. Of course, you won’t have total control over your health in retirement, but there are things you can do to manage your health risks and potential...

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Managing Stress and Debt

Managing Stress and Debt

If you are experiencing debt-related stress, you should consider attacking the root of the problem. Generally, it takes time to work down debt, but that doesn’t mean you can’t manage the stress during the interim period. Developing a strategy to eliminate your debt is the first step to lowering stress, since the sense of control that a strategy gives you might furnish you with hope and optimism.

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How to Stop Wasting Money!

How to Stop Wasting Money!

We're all guilty of spending too much money sometimes. More so, we're all guilty of not properly calculating or tracking our expenses. It's incredibly easy to lose money into the black hole, to only look back at your bank account statement a week later and scrambling to figure out where exactly it all went. Take a good look at how you spend your money, examine your current spending habits and start eliminating your "money wasters". Today, let's stop wasting money.

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