Purpose Financial Planning

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Purpose Update & Insight

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Purpose Update

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Purpose Update

7-20-20 Update “The American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature
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Purpose Update

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How a financial advisor can assist me with lowering tax liability.

Dan Kaibel | Earning an income comes with taxes, and your investment incomes are no different. As your portfolio grows into retirement, it’s important to consider the difference between retirement pre-tax income and retirement after-tax income. A savvy advisor will consider your future tax liabilities to be an integral part of your overall retirement strategy. After all, it’s the cash that matters!Wealthy folks typically pay much higher taxes, but they also have acce
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Knowing More about Social Security

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Effect of CoronaVirus19; Unprecedented, yet we can still learn from the Past!

  During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March.1 By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of the coronavirus (COVID-19) and its ultimate impact on the global economy. While the markets have recovered lots of ground, the economy and markets have still taken quite a hit.  It can
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College Aid

Like many things in the financial world, understanding the world of college aid process can feel like a bit of a mystery. In an effort to de-mystify, let's start with the Free application for Federal Student Aid (FAFSA). This application is the most popular and should be filed by everyone going to college. Some colleges however require additional information called the CSS/Financial Aid PROFILE form. Some other colleges can require even more information though usually these are the more high
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College Talk

It could be said that the choice of a college in which for the student is an emotional one and how to fund it is less so. For the parent it is the opposite, the paying for college brings about quite a bit of emotion (i.e. concerns on how to pay for this an retirement, guilt for not saving more, etc) and less emotion on the selection of the institution. This is of course an oversimplification since both parents and students use a combination of logic and emotion when making decisions when it come
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Christian Perspective of Ethics

Is attending Church good for our ethics, economy and survival? Dan Kaibel, CFP® In an article titled 'Heaven knows how we will re-kindle our religion, but I believe we must' Nils Ferguson (professor at Harvard and author) said that G.K. Chesterton (Christian writer) wrote something of importance in ‘The Miracle of the Crescent Moon’. He pointed to a sentence that said “You hard-shelled materialists [are] all balanced on the very e
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Things You Should Know About Social Security and Your Retirement

Dan Kaibel | Jan 2, 2020With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know.  If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if you’ve recently entered your 6th decade on this planet, here are a few things you should be aware of:Your social security retirement age can vary, dependin
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