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Archive for August 2019

What are your old clothes worth?

When you give four bags of old clothes to a charity, you may receive a receipt. But the value of those old clothes as a charitable tax deduction is left up to you to determine. How much is too much? The Internal Revenue Service has tried to eliminate most of the guesswork by stating that…

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How to establish a financial safety net

In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve, a pool of readily available funds that can help you…

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Do you need disability income insurance?

People ordinarily buy property and casualty insurance to protect their homes and cars and life insurance to provide income for their survivors. However, many people don’t think about protecting their income with disability income insurance. But how well could you live if you weren’t able to work? Disability is an unpredictable event, and if you…

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Teaching your college student about money

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college and beyond. Lesson 1: Budgeting 101 Perhaps your…

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