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THIS INFORMATION IS AS GENERIC AS POSSIBLE; NEVERTHELESS, INDIVIDUALS SHOULD CONSULT US OR THEIR OWN INVESTMENT COUNSEL REGARDING PERSONAL CIRCUMSTANCES PRIOR TO ACTING

Ten Financial Resolutions to Start the Year Right

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The holidays are over, and it’s time to make a fresh start in 2018. Beyond the usual New Year’s resolutions to lose weight and join the gym, why not add some financial goals to improve your fiscal health this year?

Here are 10 resolutions that will help put your finances on a solid footing as 2018 gets underway.

1. Get in control of your cash flow. You need to understand all the sources and uses of your money by tracking it on a regular basis. This can easily be done with budgeting software such as Mint.com, which you can link to your bank account. The ultimate goal is to save more and spend less, and if you’re aware of where your money is going, you can make better decisions about your purchasing.

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Whole Life Insurance: A Gift That Grows

If you’re looking for a special gift for your child or grandchild this holiday season, consider giving a life insurance policy. While it’s probably not at the top of your child’s wish list, a gift of life insurance will surely outlast the latest toy or electronic gadget by providing a solid investment in your child’s future.

Buying a life insurance policy will teach your child or grandchild about the value of saving and adopting sound financial habits. And if you buy a whole life policy, the cash value will grow and provide funds the child can borrow from later in life to pay for college or a down payment on a first home. The main benefit of whole life is that it’s the only form of insurance that’s an investment. While it provides coverage in case of death, whole life also serves as a savings plan for your child’s future needs.Here are three reasons why you should consider giving the gift of whole life insurance this year:

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Give the Gift of Life Insurance This Year

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By Anne C. Chernish 

If you’re looking for a special gift for your child or grandchild this holiday season, consider giving a life insurance policy. While it’s probably not at the top of your child’s wish list, a gift of life insurance will surely outlast the latest toy or electronic gadget by providing a solid investment in your child’s future.

Buying a life insurance policy will teach your child or grandchild about the value of saving and adopting sound financial habits. And if you buy a whole life policy, the cash value will grow and provide funds the child can borrow from later in life to pay for college or a down payment on a first home.

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Why a Decumulation Strategy Will Ease You into Retirement

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Unless you are one of the fortunate few who can live off your wealth before retirement, you should begin thinking about the decumulation phase of life. 

During decumulation, you will need to create a carefully laid-out plan to preserve your assets for the remainder of your life. Many people also want to leave a significant sum to their heirs and do not want to spend down their net worth.

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Take Charge of YOUR Medical Records

No matter how, or to what degree you are are paying for medical care out-of-pocket, you are paying for medical care for self and family.  As such is important that each of us become fully aware of what is contained in our records, and to what extent those records are shared with other entities. Melinda Beck of the Wall Street Journal begins be stating "It's your health.  So it's time you took control of all of the information about it." It may be useful to see what she has to say about gaining access to your own records.  How to Take Charge of Your Medical Records

What to Ask Your Advisor

When the market is moving steadily in the right direction, investors tend to be relative calm and happy.  When the market is in a state or relative turmoil, investors are less likely to remain unconcerned.  It is likely that questions might arise in the minds of those investors.  Long-time Wall Street Journal analyst Karen Damato speaks to several of those questions in a short video on August 29 that many will find interesting.  It can be found at Five Things to Ask your Financial Advisor Today

Cost of Financial Oversight

Morgan Housel writes a bi-weekly piece for the Wall Street Journal on topics around personal finances, frequently focusing on advice provided to individual investors by various industry professionals.  A recent column focused on financial oversight and what costs an individual investor bears depending on the nature and location of his or her investment packages--it is worth a look.  Financial oversight: Do you know How Much You Are Paying?

Fracking and Wages

A bit off of the ordinary Anchor line.  Fracking and US Wages.  Hydraulic fracking, and the discovery of whole new fields of energy in the US has fundamentally changed the energy economics of the world.  In a like manner the continuing shift of manufacturing from one part of the world to another has changed wage patterns—and has changed wage patterns in the United States.  Fracking has lowered the cost of fossil fuel, and the cost of gasoline and has affected the economies of the Middle East and the world, changes in manufacturing patterns have changed wages in China, the world, and in the United States.  Pressures are mounting to change wage patterns, and to change the economic drivers in the economy.   Both subjects were treated on the same day in the Wall Street Journal.  Holman Jenkins, Jr  William Galston

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