A majority of Americans have less than $1,000 in savings! In the old days, and by that I mean pre-2008 financial crisis, many Americans counted the equity (difference between a property’s value and money owed on that property) in one or more pieces of real estate as the basis for their retirement planning. At the time this […]
Reading or listening to business news one hears many opinions on where it is that Americans should be investing their money for the long-term! Equity fund managers and those individuals responsible for selling equities will say that historically it’s the stock market. Gold bugs will of course say gold or other storable metals and believers […]
This short quiz will provide you with a general idea of your financial IQ and whether you should potentially speak with an expert in the field! I took this test at a meeting this morning and my score is available upon request. Financial Literacy Quiz 1) Stock prices are primarily the result of a) Level of […]
We’ve all seen the commercials starring actors like The Fonz (Henry Winkler) or Fred Thompson (actor and politician) that extoll the virtues of reverse mortgages for Americans over 62 who own a home and who need cash flow! The commercials address concerns that both the homeowner and potentially the homeowners children may have about this […]
