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Rosemary Carlson

Personal Finance Expert

Posts by Rosemary Carlson:

by Rosemary Carlson Nov 30, 2022

When a loved one dies, there are a lot of questions you have to deal with, not the least of which is how to pay for a funeral and other death expenses. A life insurance policy could help, but the deceased must have made sure the proper beneficiary is named. If at least one beneficiary is not designated, some problems with the estate could arise or the life insurance could go to the decedent’s estate. The same is true if the one beneficiary preceded the decedent in death. You might want to name more than one primary beneficiary, according to the laws of your state, or a contingent beneficiary. A financial advisor can help you see that all the pieces of an estate plan are in place when you need it. Read more

by Rosemary Carlson Nov 30, 2022

Every year, the Social Security Administration issues a calendar of when the various Social Security benefits are going to be paid for the following year. All Social Security benefits are paid electronically. The Social Security Administration stopped sending paper checks in 2013. You can receive your benefits by instructing Social Security to direct deposit your money to your bank account. The second way you can receive your benefits is to have Social Security issue a Direct Express debit card to you. They load the debit card with your Social Security benefits for the month and you make your purchases using that debit card. Consider working with a financial advisor to make sure your finances are ready for retirement. Read more

by Rosemary Carlson Nov 29, 2022

Estate planning can be complicated. You often need the services of a professional. Preparing a will is only one part of the estate planning process. When you are preparing your will, you need to decide whether or not a no-contest clause is appropriate. A no-contest clause is designed to prevent beneficiaries from challenging a will after you die. Here’s how it works and why you may want to include one in your will. A financial advisor can help you with all aspects of estate planning. Read more

by Rosemary Carlson Nov 29, 2022

Technically speaking, leaving the workforce between the ages of 61 and 65 is considered to be early retirement. However, according to the Life Insurance and Market Research Association, about 51% of… Read more

by Rosemary Carlson Nov 28, 2022

Many people wonder whether they should be investing in qualified or non-qualified dividends and what the differences are. The largest difference is in how each is taxed. To help you determine what… Read more

by Rosemary Carlson Nov 23, 2022

Probating an estate is an expensive, time-consuming and sometimes adversarial affair. It is possible, and sometimes advisable, to avoid probate. With the help of an estate planner and, perhaps, an… Read more

by Rosemary Carlson Nov 16, 2022

The issue of child support is one of the most contentious issues that couples face during a divorce. Child support is usually paid by the non-custodial parent to the custodial parent to cover… Read more

by Rosemary Carlson Nov 16, 2022

A recession is defined as two consecutive months when the GDP is negative. During a recessionary economy, policymakers are striving to keep inflation and interest rates low and unemployment stable.… Read more

by Rosemary Carlson Nov 15, 2022

Rebalancing an investment portfolio is the process of making sure the proportion of asset types in your portfolio reflects your goals. It builds on two tenets of investing, diversification and… Read more

by Rosemary Carlson Nov 09, 2022

Many successful people will tell you that they read a book that changed their lives. In this look at several of the best personal finance books of 2022, there may be one or more that could help you… Read more

by Rosemary Carlson Nov 09, 2022

Corporations and government entities must have funding for their land, buildings, equipment, operating expenses and ongoing projects. One of the major sources of funding is through the debt market… Read more

by Rosemary Carlson Nov 04, 2022

Retiring early is a dream that many Americans have but most investors aren’t confident they an achieve that goal. While 65 is considered a normal or expected retirement age, we look at what types of… Read more

by Rosemary Carlson Nov 01, 2022

Business firms use a financial analysis technique called asset vs. liability management (ALM) to mitigate risk due to a mismatch in their assets and liabilities. A mismatch occurs when assets and… Read more

by Rosemary Carlson Oct 26, 2022

Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of… Read more

by Rosemary Carlson Oct 26, 2022

Costco Warehouse, ticker symbol COST, is an American multinational big-box retailer that is a membership-only warehouse club. It is a multibillion-dollar company and one of the largest retailers in… Read more

by Rosemary Carlson Sep 20, 2022

Dividend per share allows investors in a business to determine how much dividend income they will receive per share of their common stock. Dividends are the portion of profit that a company… Read more

by Rosemary Carlson Sep 20, 2022

Target-date funds and index funds are popular investments, particularly for retirement portfolios, since they require little action on the part of investors. Target-date funds, or TDFs, became… Read more

by Rosemary Carlson Sep 06, 2022

Investing in real estate can assist you in diversifying your investment portfolio by adding physical assets and providing you with a hedge against inflation. If you are a real estate investor, or if… Read more

by Rosemary Carlson Jul 13, 2022

TD Ameritrade, E*TRADE and Fidelity are three of the top online investment brokerages targeting self-directed investors. They are full-service brokers offering a wide range of investment products.… Read more

by Rosemary Carlson Aug 26, 2022

Private sector employers that once offered workers traditional pensions, typically defined benefit plans, have been encouraging people to roll over their pensions into tax-advantaged plans like… Read more

by Rosemary Carlson Jul 12, 2022

If incentive stock options (ISOs) are part of your compensation package, knowing what they are, what they can do for you and how their tax treatment is going to affect you in the future is important.… Read more

by Rosemary Carlson Jul 06, 2022

Most retired workers depend on multiple streams of income during their retirement. Two of the most common such income streams are Social Security and pensions. If we look at pension vs. Social… Read more

by Rosemary Carlson Jun 01, 2022

After more than 10 years of low inflation, we have seen a surge in inflation. A myriad of factors has converged to trigger inflation, including pandemic-related  lockdowns, a massive monetary and… Read more

by Rosemary Carlson Jun 01, 2022

From buying groceries to gasoline to automobiles, inflation has hammered Americans’ purchasing power. In fact, the most well-known metric of inflation has soared to a four-decade high. A myriad of… Read more

by Rosemary Carlson May 13, 2022

Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real… Read more