Category Archives for "Blog"

Mar 17

Pros and Cons of a 30 Year Mortgage

Blog

The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients.  They are often shocked by the amount of interest they will pay over a span of 30 years.  My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment.  […]

Read More
Dec 08

Holiday Spending and the Not So Friendly Math

Blog

A 2014 report on holiday shopping plans and finances found that about 55% of the respondents reported that money was their main source of stress during the holiday season.  Despite this, more than half of those people planned to use their credit cards for holiday shopping, and they plan to spend about as much money […]

Read More
Oct 10

GUEST BLOG: Christopher Columbus, a Risky Venture (by: Gary Krekeler)

Blog

Why did Christopher Columbus need financing from a government?  Simple, his plan was risky, too risky for any private individual that had the needed capitol.  He would also need the power that a government could supply to maintain control of lands and goods that he discovered. Christopher Columbus actually began looking for financing long before […]

Read More
Sep 21

Money Issues We Don’t Talk About; But Really Should

Blog

We don’t talk about things that make us feel uncomfortable, and many people are very uncomfortable talking about their financial problems.  Often, people with such problems will hide all evidence of financial distress. Some people do this with a misguided sense of protecting their loved ones.  If I don’t tell my spouse about the problems […]

Read More
Aug 12

Gun Trust for Asset Protection

Blog

Asset protection is not just about protecting your home, family heirlooms, and personal wealth.  You may want to consider whether a gun trust would be helpful for protecting your firearms.  Gun trusts are generally used for holding NFA firearms:  Short barrel rifles, short barrel shotguns and suppressors. A gun trust can make it easier to […]

Read More
Jul 29

Debt and Shame

Blog

Men are from Mars. Women are from Venus. But both men and women generally feel bad about carrying debt and not being able to pay it.  Most of us are brought up to pay our debts.  Our religious or moral code may reinforce this.  Above all, people feel embarrassed if anyone knows that their debts […]

Read More
Jul 29

Should I deed my assets to my kids during bankruptcy?

Blog , FAQ

We get this question all the time, and advise our clients that gifts or transfers of assets to friends or relatives during bankruptcy may be the worst thing they could do.  Both you and the recipient might lose the asset and you might lose your right to a bankruptcy discharge. One purpose of the bankruptcy […]

Read More
Jul 22

How Long Can I Stay In My Home When Foreclosure Starts?

Blog , FAQ

Most, if not all states, provide homeowners with a timeframe within which to cure their default.  And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment.  Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]

Read More
Jul 08

Real Estate Professionals – Failure To Protect Assets

Blog

This may be a slightly different angle, but in my experience, real estate pros are far below average when it comes to retirement asset protection.  In 2008-2012, I was representing real estate pros who had net worth on paper of $10M, $20M, even $100+M shortly prior to retaining me.  They were meeting with me to […]

Read More