money matters archived

Smart Financial Resolutions for the New Year

With all of life’s distractions, it’s easy to be careless with money. Yet there’s a price to pay for ignoring your finances. The start of the new year is an ideal time to renew your commitment to fiscal responsibility. Here are some simple ways to be more mindful of your money and improve your financial habits.
 
Monitor your accounts. It’s a modern miracle that we can access our bank and credit card accounts online 24/7.… Read More »

Socially Responsible Investing

Socially Responsible Investing

By: Darryl Ruffin

 

 

As the global   climate change discussions heat up in Washington, many investors are paying
attention   to the impact of their investments on the environment and the well being of people
around the   world. As this trend has increased, so has the demand for investment choices that
demonstrate   not only financial soundness, but also a concern for quality of life. This investment
philosophy,   known as socially responsible investing (SRI), has a special appeal to many
individuals   concerned with the future of our planet.…

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Starting a small business

 

Financial Considerations When Starting Your Own Small Business

By: Darryl Ruffin

 

If you’re thinking about starting a small business, it’s important to look carefully before you leap.  Owning a small business can be very rewarding, but it can also require a lot of time, energy and funds long-term. Taking the right steps upfront can help you increase your chance of success and maximize your start-up dollars.  Begin by:
  • Using the resources that are available to you — There are several free online resources that can help guide you through the steps of starting your own business.
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Generational Wealth It Starts With a Plan

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Generational Wealth

It Starts With a Plan

By: Deborah Perry

 

In 1877, Cornelius Vanderbilt, the shipping and railroad magnate, died and left an estate that 135 years later is still supporting his descendants. John D. Rockefeller died in 1937, leaving $1.4 million dollars in trusts and foundations that today are valued at over $3 billion dollars. Tom Yawkey inherited his uncle’s estate and used his inheritance to buy the Red Sox in 1933.… Read More »

Retirement Plans Bring Big Benefits to Small Business

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Retirement Plans Bring Big Benefits to Small Business

By: Darryl Ruffen

 

Even when you love what you do, there may come a day when you need to step away from work. If you’re a small business owner building your business, that day may seem too far away to worry about. But even if you’re not preoccupied with funding your own retirement, you better believe your employees are thinking about it — and they view it as a very valuable perk of employment.… Read More »

Investment Strategies Amid Downgrades, Downturns, and Slowdowns

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Investment Strategies Amid Downgrades, Downturns, and Slowdowns

By: Darryl Ruffen

 

Investors are being forced to cope with what many perceive as unprecedented circumstances in the economic and political environment. At the same time that the U.S. economic recovery appears to be slowing, one independent agency downgraded its rating on debt issued by the U.S. Treasury. Confidence that government policymakers can do anything significant to help improve the environment is low.… Read More »

Estate Planning Is For Everyone

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Estate Planning Is For Everyone

By: Deborah Perry

 

There was a time when insurance companies wouldn’t sell life insurance to people like you and me, when they would sell our folks “burial” policies while they bought life insurance that sustained their families and created wealth. Even today, if you don’t have a million dollars’ worth of assets to invest, you don’t get invited to the Wealth Management Department. I say … estate planning is for everyone.… Read More »

Retirement Yesterday, Today and Tomorrow

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Retirement

Yesterday, Today and Tomorrow

By: Darryl Ruffen

 

It’s safe to say that your retirement will bear little resemblance to that of your grandparents and even your parents. The world has changed so much in the past twenty years that even the savviest prognosticators couldn’t have predicted all of the societal and technological changes that have transformed our daily lives.

We know there is no turning back from the life we’ve become accustomed to, but it begs the question: What’s next?…

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Spend More Cold Cash!

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Spend More Cold Cash!

By: Teri Williams Cohee

 

If anyone has ever said to you “Ignorance is bliss”, they’re trying to scam you! The reality is that ignorance — or lack of knowledge — can be incredibly costly, especially in banking and financial services. Yet most of us are not financial experts. So how can we make better financial decisions?

One way is to begin with the basics. With all the financial products available and “in the news” including checks, credit cards, debit cards, pre-paid cards, mortgages and investment products, it is very easy to overlook the most basic financial product — cold cash!…

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