Good Financial Reads: Protecting Your Financial Information, The Bible's Take on Debt & Budgeting, and More
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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Catch up on some of the latest posts with this week's roundup:
Five Tips For Protecting Your Personal Information
by Kay Dee Cole, Clarity Wealth Development
Identity thieves are resourceful. They use a variety of ways to steal information. Ask anyone that has been a victim and they will tell you its takes time, money and LOTS of patience to resolve. Not only can thieves wreak havoc with your finances, credit history and reputation, they can get medical treatment on your health insurance, file a tax return in your name and get your refund. In extreme cases they may even give your name to police during an arrest.
What the Bible Says About Debt & Budgeting
by Michael Miller, Miller Premier Investment Planning
Like many fellow Christians, you might be wondering what does the Bible say about debt and budgeting. Proverbs 22:7 says "the rich rule over the poor and the borrower is servant to the lender. The Bible is warning us not to fall into the debt trap!
However, there is such a thing as good debt and bad debt and there are instances in the Bible where borrowing is good. What's the difference?
What to Do When You Have Employer Stock in Your Retirement Plan
by Vid Ponnapalli, Unique Financial Advisors
You changed jobs. You have funds in your ex-employer’s retirement plan that includes some employer’s stock. What should you do? Roll the funds tax-free to an individual retirement account? This may not be the best move in all cases, especially not if your employer stock has appreciated significantly.
5 Hidden Taxes Physicians Unknowningly Pay
by Daniel Wrenne, Wrenne Financial Planning
In 2014, there were approximately 123 million households in the US. This means that for every one household, the government collected over $49,000 in total taxes. I don’t know about you, but that’s WAY more than I expected. As a naturally curious person, I wanted to know more.
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