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Personal Finance

The Basics of a Long Term Care Insurance Policy Coverage

January 30th, 2015

“Long term care” (LTC) refers to services and supports which help people with chronic medical conditions, illnesses, or disabilities on a daily basis over an extended period of time. It can be expensive and can easily exhaust your assets if you don’t plan ahead with long term care insurance (LTCI). Long term care insurance helps
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The Costs of Long Term Care and How You can Pay

January 30th, 2015

Long-term care (LTC) services and supports offer a wide range of options which aim at addressing the prolonged health care needs of everyone. However, along with these services and supports come high costs. While there are public programs that help some people pay for such expenses, there are options that also help pay for long
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Is an MBA in Finance Worth it?

January 16th, 2015

I graduated college last year with decent grades in economics, and I have an entry level investment firm job. I’d like to advance my career with an MBA in Finance, but my parents aren’t convinced this is necessary, so I need good reasons why MBA Finance degrees make sense. Financial managers are those who are
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Is It Worth Purchasing a Car on Finance Alone?

January 16th, 2015

I just got a new job and need to buy a car to commute. Fortunately, I have enough saved to be able to buy either a used car or a new car on finance. The used car would cost considerably less, is the new car worth buying? The answer depends on whether you prefer to
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Pitfalls and Strategies for a New Investor

January 16th, 2015

I have only recently come into enough money to begin investing, how can I avoid the pitfalls that a new investor might fall into and what kind of strategies do you recommend for a new investor? Knowing what strategies to use and avoiding pitfalls for a new investor does not need to be difficult. The
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What is Investment Interest?

January 16th, 2015

I recently bought a bond for the first time ever, what I’d like to know is how does investment interest work and how can I start collecting? Basically, you most likely bought your bonds in some type of brokerage or other financial account, if the bond is a bearer bond, which means that the bond
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Flat vs. Variable Finance Rates

January 16th, 2015

My husband and I plan to buy a house in the next few months and I would like to know the difference between flat vs. variable finance rates. Choosing between flat vs variable finance rates can be a crucial part in any major purchase such as a house or an automobile. Prevailing interest rates and
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Are 0% Finance Cars Legit or a Scam?

January 16th, 2015

My neighbor works at a car dealership and said that the dealership was offering 0 finance cars, is this a scam or legit? It depends what you consider a scam. Some people might consider it a scam because these offers generally contain hidden financing costs. Car dealers are notorious for taking advantage of their customers,
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Tips to Find a Good Investor

January 16th, 2015

I came up with a great idea for a website business and need some money to get it off the ground. Could you please tell me how do you find investors? The easiest and most accessible funding option for most people is an affluent relative or friend who could extend a loan for you to
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When to Finance vs. Purchase

January 16th, 2015

I got into a heated discussion with a co-worker today, could you settle a disagreement please? The reason for the disagreement was: if a person had enough money to buy a new car or anything for that matter, why finance? A number of reasons exist for a person to finance a vehicle or other property
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Where to Invest?

January 16th, 2015

My wife and I have been saving our extra money for a long time and would like to make some investments with it. I’d like to know where to invest? The answer to your question really depends on how much money you plan to invest, the return you expect on your money and the amount
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How Can I Invest in Gold?

January 16th, 2015

I have accumulated some funds that I would like to invest and I think that gold is likely to appreciate over the coming years. What I would like to know is, how can I invest in gold directly, and how can I invest in gold using other investment instruments? Basically, various methods exist to invest
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Money Market Account vs. Savings Account

January 5th, 2015

When choosing the right bank account for you two of the options that will present themselves are money market accounts and savings accounts. This article will highlight the differences and assist you in making the best decision when it comes to a money market account vs. a savings account. Savings Account A savings account at
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Pre-Approved vs. Pre-Qualified

January 5th, 2015

With many debt instruments, be they home loans or credit cards, the terms pre-qualified and pre-approved are often attached with promotional materials and communications sent. The meaning of the two terms can be quite different, and this article will explain the difference between pre-approved and pre-qualified. Pre-Qualified Being pre-qualified for a loan or a credit
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Checking Account vs. Savings Account

January 5th, 2015

When setting up an account at the bank one of the first questions you will have to answer is whether you would like a checking account or a savings account. Both accounts come with different features and it’s important to understand them before deciding on a checking account or a savings account. Checking Account A
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Medicare vs. Medicare Advantage

January 5th, 2015

Approaching health insurance options can be a very difficult process for anyone. While most know that they will qualify for Medicare after 65 there is also Medicare Advantage available, and determining which is best for you can be important. This article will explain the differences and when it is important to choose between basic Medicare
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Tax Credit vs. Tax Deduction

December 31st, 2014

When aiming to lower your overall tax bill, as a business or as an individual, the two main mechanisms are tax credits and tax deductions. They are treated differently, however, and this article will help you clearly understand the difference when it comes to a tax credit vs. a tax deduction. Tax Credit A tax
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RRSP vs. TFSA

December 31st, 2014

Both a Registered Retirement Savings Plan (RRSP) and a Tax Free Savings Account (TFSA) are very useful tax efficient investment tools that exist in Canada. The Canadian Revenue Agency (CRA) has created unique tax rules for each tool to encourage Canadian residents to save for their future. This article will help provide you with a
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Foreclosure vs. Short Sale

December 31st, 2014

In some circumstances homeowners can find themselves in a difficult position when it comes to their mortgage, whether they are struggling to make payments or the value of the mortgage exceeds that of the actual home. Two processes that commonly take place in these cases are a foreclosure or a short sale. This article will
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Bank vs. Credit Union

December 31st, 2014

When choosing where you want to conduct your personal banking one broad decision that you have to make is whether you want to use a bank or a credit union. While both provide the same key functions there are some major differences that can drive your choice on whether to use a bank vs. a
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