ContentDesk) June 27, 2005 -- A January 12, 2001 letter from the CFP Board to a CFP charged with a grievance, read as follows: "An Inquiry Panel of the Board of Professional Review of the Certified Financial Planner Board of Standards, Inc. ("CFP Board") recently considered the grievance filed against you by ___. After careful consideration of the matter, it was determined that there was no misconduct (sic) this case and, therefore, it has been dismissed as being without merit.
CFP Board considers this matter closed." Nonetheless, based on subsequent forensic findings by Errold F. Moody, the "exonerated" defendant signed a $300,000 settlement. Moody, with the clients' law firm, subpoenaed notes and reports from the CFP Board regarding the initial review conducted with 800 pages of evidence. Only after extended ...
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A)One in three working Americans will become disabled for 90 days or more before age 65, with the average disability lasting 2 1/2 years. (Commissioner's Individual Disability Table A)More than half of families filing for bankruptcy during the first quarter of 1999 did so at least in part because of significant medical bills. (Norton Bankruptcy Law Adviser, May 2000) If those figures aren't enough to convince you, consider this real-life story from the Armchair Millionaire community:"My husband had disability insurance through his employer when he suffered a massive stroke at age 41.
Social Security. Never ever be without disability insurance. You insure your life, your home and your car. Your income is at least as important as any of those things." --Nancy K.Unfortunately, even though it's an important financial product ...
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According to the American Council of Life Insurers, nearly one-third of all Americans will suffer a serious disability between the ages of 35 and 65. And while Social Security is available for those with long-term disabilities, the coverage is minimal--certainly not enough for any extras like sending children to college. This means you need to have your own back-up plan in place. While a disability and its associated loss of income is certainly no fun, it doesn't have to spell financial catastrophe.
Armchair Millionaire are testament to that:"I was on a short term disability at one time. The insurance payment helped out but did not cover the amount my salary did. You have to learn to budget your money and live within your budget. You may have to go without ...
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Life insurance is an important aspect of everyone's lives and is something which everyone will have to face at some point in time throughout their lives. This point may come sooner rather than later for some individuals because of the job they perform on a daily basis.While some individuals start everyday by putting on their suits and racing to get to the coffee shop for their morning coffee, others are strapping on their work boots and preparing themselves for a day of excruciatingly hard labor.
The following is a list of the top 5 jobs which are considered to be the most dangerous jobs in the world. Individuals who perform these jobs are highly recommended to have a life insurance plan incase (god forbid) anything goes wrong on any given ...
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The key to selling reprints to parenting publications is the creation of dynamite ideas followed through with professional writing. Here, I'm focusing only on finding those lucrative topics.Most topics in regional parenting publications are straightforward: finance, parenting tips, health, sports, and education. The trick is to twist them in an unusual way. If you're a parent, what do you wish you knew about a topic? Write down questions that you have as you go through the day. When I was driving the other day, I complained to myself about bad teenage drivers.
I wondered, "What can parents do to encourage good driving?" If you already know the answer to the question, it won't make a good article unless you're an expert on the subject. Take a generic topic and make it seasonal. ...
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ContentDesk) August 30, 2005 -- No-Nonsense Finance: E.F. Moody's Guide To Taking Complete Control Of Your Personal Finances (McGraw-Hill, Paperback, 397 pages) is, like its noted personal finance expert and Internet guru author E.F. Moody, like no other personal finance book: it whacks irreverently at misguided conventional wisdom, is frequently caustic, always honest and on-the-money.
No-Nonsense Finance, used as an economic text book for several colleges, pulls no punches on important contemporary issues including: Strategies for knowing more than your stockbroker (it's not that hard!) How much insurance you need, or don't need, and why Straight-talking investment advice for every stage of your life How to get the best value and deals on long-term care insurance No-nonsense guidelines for estate planning, real estate, and ...
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NC)-All owners are required by law to insure vehicles driven on public roads. Some provinces and territories offer public insurance while others have insurance sold privately. Here are some basic items to consider when buying vehicle insurance: Liability insurance is mandatory, and is used as financial protection against loss or injury caused to others while operating your vehicle. The minimum amount of insurance required differs across jurisdictions but keep in mind that skimping on liability insurance may cost you in the long run.
Vehicle damage insurance, unlike liability insurance, may be optional. Damage insurance, however, is still recommended for the simple reason that damages to a vehicle will quickly add up in the event of an accident where you are at fault. Not being able to recover any money will ...
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As a brand new dad, I know how stressful it can be to get ready for the arrival of a baby. Since it helps to get perspectives from people who've been in your shoes, we asked parents in the Armchair Millionaire community about how they did it. Here's just a little of what we heard:"The most important thing to do once your child is born is figure out your educational priorities and begin planning for them. This can include savings for private school, college, graduate and professional studies.
Kent"As soon as we knew we were having a baby, we increased our savings to cover the maternity leave. On January 1, I updated my withholding to include the upcoming dependent. As soon as the baby was born, we started saving for ...
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ContentDesk) September 21, 2005 -- The seminar will compare and contrast not only FSAs (Flexible Spending Accounts) but two other plans, HRAs (Health Reimbursement Accounts) and HSAs (Health Savings Accounts). The seminar will concentrate on WHICH plans to use, WHEN you would use them, and WHY you would use one plan and not the other.Hope Crawford graduated cum laude from Rollins College and then began her career in the employee benefits industry in 1996.
Central Florida independent insurance agency where she managed over 50 clients for the vice president of the employee benefits department. Three years later, Ms. Crawford became an account executive with another independent agency and began to develop her own client base while continuing to service and oversee the renewal process for existing agency businesses. Today, she ...
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Effect of BenefitsWe have previously examined realistic billable hours and the effect of business expenses on your hourly rate. Now we'll look at the effect of benefits.Once upon at time, when we were employed, we received a benefits package from our employer. This usually included health, life and disability insurance. Many firms also had available pension programs, profit sharing, dental and vision coverage. In addition, one-half of your social security was paid by your employer.As self-employed individuals, we have to provide these benefits for ourselves.
For the sake of argument, let's figure a standard benefits package consisting of health, life, disability, pension and profit sharing. Let's figure health insurance costs at $300 per month; life at $50 per month; disability at $150 per month; pension (a SEP-IRA) at $500 per ...
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