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Lee Huffman

Personal Finance Expert

Posts by Lee Huffman:

by Lee Huffman Dec 30, 2021

Annuities are a valuable tool for retirement income. They turn your account balance into a stream of monthly payments that an investor cannot outlive. However, the major downside to an annuity is that, if the account holder passes away quickly, most beneficiaries do not receive anything. A cash refund annuity addresses this issue by making sure that the estate breaks even on the amount invested in the annuity. A financial advisor can help you figure out if annuities are a good fit for your retirement. Read more

by Lee Huffman Dec 23, 2021

When a loved one passes away, you may receive an inheritance. This money is a token of the person’s appreciation for you and often represents a lifetime of savings. When you’ve received a large sum of money, there is a temptation to splurge on dream vacations, shopping and other fancy items. While it may be okay to spend a portion of it that way, the best option is to save and invest the money for your future. Here’s how to invest your inheritance to become set for life. A financial advisor can give you valuable guidance on how to make the best use of an inheritance. Read more

by Lee Huffman Dec 22, 2021

Many investors want to increase their charitable giving but hold off because they need the income their portfolios generate. One way to get the best of both worlds is to give to a pooled income fund. These funds provide an immediate tax deduction and annual income for the life of the donor. In this article, we’ll define how pooled income funds work, their benefits and how they compare to two other popular giving strategies. A financial advisor can offer valuable guidance as you look for the best way to make charitable donations that also provide an income. Read more

by Lee Huffman Dec 08, 2021

Medicaid is one of the government safety nets that helps seniors pay for their care. Long-term care is a necessity for many seniors as they age and can be very expensive. Medicaid helps to pay for… Read more

by Lee Huffman Jan 24, 2022

When Roth IRAs were introduced in 1998, they provided the opportunity to create tax-free income in retirement. A few years later, Roth 401(k) and Roth 403(b) accounts were created to allow company… Read more

by Lee Huffman Nov 17, 2021

As a homeowner, you may use a deed to transfer ownership or take out a loan on your property. There are several different types of deeds that you may use, but two of the most common are grant deeds… Read more

by Lee Huffman Nov 16, 2021

Inflation causes prices of goods and services to increase over time. This increase causes money to have less purchasing power in the future than it does today. It also threatens investment portfolios… Read more

by Lee Huffman Nov 16, 2021

When a catastrophic event occurs, insurance and reinsurance companies step in to take care of policyholders. Major claims like this can have a significant impact on an insurer’s financials, so they… Read more

by Lee Huffman Nov 16, 2021

Annuities are appealing to many investors because they offer tax-deferred growth and the potential for guaranteed income that you cannot outlive. The tax-deferred growth is similar to the features of… Read more

by Lee Huffman Nov 12, 2021

As an owner of an annuity, you have multiple options when it’s time to start withdrawing from it. Your decision can drastically affect the level of income you and your beneficiaries receive from your… Read more

by Lee Huffman Nov 11, 2021

Gold and other precious metals are an excellent way to diversify your portfolio. Adding securities that are non-correlated to the more common stocks, bonds and funds smooths out the fluctuations of… Read more

by Lee Huffman Nov 12, 2021

Most term life insurance policies expire without the owner receiving a payout. While it’d be undoubtedly good news that you’re still alive, you may feel that your money has been wasted. A “return of… Read more

by Lee Huffman Jun 24, 2022

When you reach retirement age, Medicare insurance offers basic medical insurance protection for your health needs. However, this coverage is basic and does not cover all of the costs for covered… Read more

by Lee Huffman Nov 12, 2021

Paying for college can put a tremendous burden on a family’s finances. However, when you start saving for college early, it becomes a more attainable goal. Taking advantage of a college saving plan… Read more

by Lee Huffman Nov 10, 2021

When people buy life insurance, they generally focus on the death benefits that go to their loved ones. But did you know that some life insurance policies offer “living benefits” that you can tap… Read more

by Lee Huffman Nov 04, 2021

When you apply for long-term care through Medicaid, the government requires that you spend down your assets before receiving benefits. However, Medicaid rules are designed to ensure that the spouse… Read more

by Lee Huffman Nov 03, 2021

Many investors save as much as they can for as long as they can without a specific goal in mind. While this approach can build a solid nest egg, it lacks one of the most fundamental aspects of… Read more

by Lee Huffman Oct 06, 2021

When someone passes away, what the person passes down to his or her beneficiaries may be subject to federal estate taxes. If the decedent “skips” a generation in passing along assets then it may… Read more

by Lee Huffman Oct 06, 2021

When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased’s finances can add to this stress. While most people know that you need to file a final tax… Read more

by Lee Huffman Oct 05, 2021

Stock options are a way to reward employees with increased compensation. This also encourages employees to think about themselves as stakeholders in the company’s success and act accordingly. One… Read more

by Lee Huffman Oct 01, 2021

Stock options have become an increasingly popular form of employee compensation in recent years. They provide employees with the ability to buy shares of their company at a predetermined price at… Read more

by Lee Huffman Sep 30, 2021

Stock market investing is often about following trends. Traders, investors and analysts often try to gauge investor sentiment to understand which direction the winds are blowing so that they can… Read more

by Lee Huffman Sep 27, 2021

There are so many choices, acronyms and tax codes in the investing world that many people get intimated and never start. While there are complex investments available, beginning to invest doesn’t… Read more

by Lee Huffman Aug 27, 2021

Investors often purchase bonds for recurring income and as a hedge against stock market volatility. Most bonds are initially sold “at par,” which means that they’re sold at face value. After the… Read more

by Lee Huffman Aug 18, 2021

Most investors build their investment portfolios with a diversified array of stocks, bonds and other assets. These highly liquid investments are known as marketable securities and make up the… Read more