Monthly Archives November 2017

Charitable Giving

Wikipedia defines charity as “the voluntary giving of help to those in need”. To that end, I hope your intention behind giving to charity is always altruism, but as I am a financial advisor, I would also like to share some of the rules and tax benefits of donating your money. A gift to a qualified charitable organization may entitle you to a charitable contribution deduction against your income tax if you itemize deductions. You must itemize in order to take a charitable deduction. Make sure that if you itemize, your total deductions are greater than the standard deduction. If they’re not,
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Culinary Corner: 3-Ingredient Christmas Swirl Fudge

Ingredients: 1 bag (12 oz) white vanilla baking chips (2 cups) 1 container Betty Crocker Rick & Creamy vanilla frosting Betty Crocker green and red gel food colors Directions: Line 8-inch square pan with foil, leaving foil overhanging at 2 opposite sides of pan; spray foil with cooking spray. In large microwavable bowl, microwave white chips uncovered on High 1 minute. Spoon frosting over chips. Microwave on High 30 seconds; stir. If necessary, continue to microwave in 15-second increments until mixture can be stirred smooth. Place 3/4 cup fudge mixture into each of 2 small bowls, leaving remaining untinted fudge
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5 Things You Should Know about Long-Term Care

Do You Have a Long-Term Care Plan in Place? Long-term care (LTC) isn’t something anyone likes to think or talk about. After all, no one wants to be a burden to their family, or be forced to move into a nursing facility because of incapacitation. But at Eric Scott Financial, we believe having a long-term care plan in place is crucial—even if you never need it. Here are 5 things you should know: 70% of people turning 65 will need some type of long-term care in their lifetime.1 Even though 70% of retirees will need some sort of long-term care,
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Can I Retire Early?

Can I Retire Early? Most people have a hard enough time imagining what their retirement will be like, let alone retiring early. When I say early I mean before the current, average U.S. retirement age of 63. Sure it sounds great to throw out the alarm clock and play golf all day. The reality is leaving the workforce early has some important tradeoffs. Cognitive Decline Recent studies seem to indicate a profound link between cognitive decline and retirement. [i] This notion of “mental retirement” seems to have a more dramatic impact on younger retirees. A New York Times article, citing
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