Posts Categorized: Inspired News & Thoughts

Keep or Shred? What To Do with Important Documents

shredded documents
Inspired Financial will host its biennial Shred Party on Saturday, April 14, 2018 from 11:00 am to 2:00 pm.  We have prepared a list of items and timeline to help you decide on what important documents to keep and for how long. Keep for less than 1 year Sales receipts for minor purchases (kee...
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The Intersection of Health and Wealth (or, how well you live has a direct impact on how well you do!)

runner
This time of year, many resolutions focus on improving personal finances. A good financial plan is about your goals and dreams.  But is it also about your health? In a recent blog post on the Forbes.com website, our friend and fellow financial planner (who also happens to be a medical doctor) Ca...
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Financial Planning for Women – Part 2 (Social Security)

grandparents
In my previous blog post, Financial Planning for Women – Part 1, I talked about how women will generally live longer than their male counterparts, with less in their portfolio later in life, and with less loved ones available to take care of them. In this post, we look at Social Security and discu...
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What The Tax Bill Means To You

tax calculations
Now that the new tax bill has been formally ratified by the U.S. House and Senate, the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days.  As you probably know, the House and Senate versions were somewhat different and you may be wondering: What does the fina...
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’Tis the Season (for Financial Planning)

holiday gift
The period between Thanksgiving and the end-of-year holiday season would seem like a sleepy time for financial planners but in fact, it is anything but!  You might be surprised at how much financial planning activity takes place on your behalf in the final month of the year. For instance?  Even...
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Fee Only vs. Commission-Based Advisors

coins and calculator
There are three primary ways that financial advisors are compensated: [1] Fee Only, [2] Commission, and [3] Fee and Commission.  Each has its own set of conflicts of interest (none are conflict free!) but we believe that Fee Only has the least amount of conflicts.  Let’s explore the definitions ...
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Prepaid Burial – Planning Ahead

funeral
We all have different goals or resolutions in life. Working at Inspired Financial has taught me how vital it is to plan for the future and retirement. When I turned 50, it was long term care. The next resolution was to prepay for our burial and have peace of mind that it has been done. When my de...
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Making a Homeowner’s Claim

Rainy House
Suppose you’re the victim of a huge natural disaster like Harvey, or have experienced some more local damage, like a tree falling on your house.  What are the best practices for filing a claim for the damages your home and property have suffered? Recently, the Consumer Federation of America of...
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Benefits of a Professional Fiduciary

couple fight
Family strife when a family member dies is a sad and often tragic thing.  Yes, when funds are short, but I want to talk here about when the funds are plenty but the emotions of greed and fear get involved, or pride and even criminal behavior rear their ugly heads.  What could a good parent do to h...
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Are you old? Should there be a new term used?

active elderly bikers
Should today’s 70-year-old American be considered “old”?  How do you define that term these days?  Statistically, your average 70-year-old has just a 2% chance of dying within a year.  The estimated upper limit of average life expectancy is now 97, and a rapidly growing number of 70-year-ol...
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