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Bob Haegele

Personal Finance Expert

Posts by Bob Haegele:

by Bob Haegele Sep 27, 2022

Alimony is a court-ordered sum that one former spouse must pay to another due to a separation or divorce agreement. You might sometimes hear about spousal maintenance or spousal support, which are other terms for alimony. This typically happens when the court decides that the lower income earner has earned the right to a minimum standard of living from the higher income earner. You can work with a financial advisor to help you navigate paying or receiving alimony by creating a financial plan.  Read more

by Bob Haegele Sep 28, 2022

Closing costs accompany mortgage loans and cover the last-minute expenses and fees to close a loan. These costs can be significant – totaling as much as 2% to 5% of the loan amount. Here’s a break down of how these costs work and what you may pay. If you’re interested in buying a home, a financial advisor can help you create a financial plan for your goals. Read more

by Bob Haegele Sep 22, 2022

Fixed-income portfolio management is an investment approach that focuses on the preservation of a specific capital. It relies on investments such as bonds, CDs and annuities. While fixed-income portfolios can help maintain capital, there are some things to keep in mind with this form of investment. If you’re not sure whether this type of investment should fit into your personal portfolio, consider speaking with a financial advisor.  Read more

by Bob Haegele Sep 22, 2022

Building the “perfect” investment portfolio can be tough, especially with so many choices, like fixed income and equities. However, both equities and fixed-income products can be strong components of… Read more

by Bob Haegele Sep 13, 2022

Ally Invest and Fidelity are two popular trading and investment platforms. While many of the core features are similar, important differences make each a better option for specific investors. Here’s… Read more

by Bob Haegele Sep 13, 2022

Robinhood, Webull and Fidelity are three popular brokerages, each with its own set of features. While all three offer solid trading platforms, they tend to appeal to different investors because they… Read more

by Bob Haegele Sep 12, 2022

Apartment complex investors invest in real estate by buying apartment buildings. Wholesale real estate investors make money contracting homes with buyers at higher prices than sellers. While they are… Read more

by Bob Haegele Sep 12, 2022

Interest rate risk refers to changes in interest rates that could affect the market value of your bond or other fixed-income investments. This is a real concern for investors in any economic climate… Read more

by Bob Haegele Aug 30, 2022

A CFA or chartered financial analyst is a professional who offers investment advice and portfolio management. Their focus, which is on analyzing specific securities and various financial reports, is… Read more

by Bob Haegele Aug 30, 2022

Offshore bank accounts are held outside of your home country and are an option to hold funds in a foreign currency. Offshore bank accounts can make sense in some situations, such as for those who… Read more

by Bob Haegele Aug 23, 2022

A fiduciary, in general, is a person or entity that manages property or assets for another party. A fiduciary for a retirement plan is responsible for the daily operation of a retirement plan, with… Read more

by Bob Haegele Aug 23, 2022

If you’re looking for an investment option that is less volatile than the stock market, your options aren’t limited to savings accounts. Both TIPS and Series I savings bonds are investments that help… Read more

by Bob Haegele Aug 23, 2022

Collateral assignment enables you to use your life insurance as collateral for a loan. This allows you to be approved for a loan if you don’t want to put your other assets at risk. Here is how… Read more

by Bob Haegele Aug 17, 2022

Life insurance can be the ideal way to protect both yourself and those you care about. However, individual insurance companies can put age-related restrictions on life insurance policies. If you’re… Read more

by Bob Haegele Aug 17, 2022

Federal employees have unique needs when it comes to financial and retirement planning. Because of these unique concerns, financial advisors who work with them should have a special understanding of… Read more

by Bob Haegele Aug 10, 2022

You might wonder why a nonprofit would need a financial advisor. After all, generating cash flow is not generally a central part of a nonprofit’s mission. But nonprofits have finances just like the… Read more

by Bob Haegele Aug 08, 2022

Interest rates and bond prices generally move in opposite directions. Thus, when interest rates go up, the price of fixed-rate bonds usually falls. Similarly, a fall in interest rates causes the… Read more

by Bob Haegele Aug 04, 2022

If you want to leave your individual retirement account (IRA) to your grandchildren, you should know that minors can’t inherit an IRA directly. Instead, a custodian should be appointed until the… Read more

by Bob Haegele Aug 04, 2022

Many people max out their 401(k) or IRA account each year and wonder what other investments they can utilize to growth wealth. These investments don’t require a special investment account as you’ll… Read more

by Bob Haegele Jul 26, 2022

Keeping your money in a savings account is a good way to keep a certain amount of money separate from your daily spending. While most savers prefer to keep their money in a single savings account, it… Read more

by Bob Haegele Jul 26, 2022

A flexible spending account (FSA) is a type of savings account typically used for healthcare expenses. Many people use an FSA to cover expected healthcare costs throughout the year, saving money on… Read more

by Bob Haegele Jul 19, 2022

A savings account can be a good place to earn interest on your money while keeping it in an easy-to-access account. However, not every savings account is the same. Let’s compare different features… Read more

by Bob Haegele Jul 19, 2022

You might occasionally hear the word “savings” in reference to investments, but there are important differences between the two. For instance, certificates of deposit (CDs) are a type of savings… Read more

by Bob Haegele Jul 13, 2022

A $2 million life insurance policy may sound like a lot, and you might think so much coverage must be very expensive. But when you consider all the expenses your family will have if you pass away – a… Read more

by Bob Haegele Jul 12, 2022

Equity sharing allows homebuyers with low or no down payment to buy a home. Investors also get tax benefits and a low-risk investment. These qualities make equity sharing an attractive alternative to… Read more