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Tag Archives: Ike Trotter

IKE TROTTER — Breaking bad money habits

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, it’s not too late for 2016 to start turning things around: #1 – Living without a budget. You may make enough money that you don’t feel you need to budget. In truth, ...

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IKE TROTTER — Pay yourself first on payday

Every so often, the news will report on how the rich are getting richer, the poor getting poorer and how the gap between the two is growing. The demonstrations by Occupy Wall Street protestors a couple of years back was a perfect example of what some consider as economic inequality in today’s financial world. If the world were perfect, however, ...

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IKE TROTTER: Weighing in on reverse mortgages

More and more we see on TV or read in the paper about Reverse Mortgages and the opportunities available for homeowners to “unlock” the equity in their home. I thought it might be helpful to discuss this unique type of home equity loan and the resulting implications they offer to homeowners, particularly those who are retired and elderly. Created in ...

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IKE TROTTER: Protect yourself from identity theft

Whether they’re snatching your purse, diving into your dumpster, stealing your mail, or hacking into your computer, there are bad people out there. Who are they? Identity thieves. Identity thieves can empty your bank account, max out your credit cards, open accounts in your name, and purchase furniture, cars, and even homes on the basis of your credit history. If ...

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IKE TROTTER: lt’s time to get a handle on your budget

Do you often wonder about where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Here’s a few first of the year ideas that might help you ...

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IKE TROTTER: Life insurance is for the living — plan it that way

It has become a custom to write about life insurance concepts during the month of September. The calendar has turned to October, but my annual message is still important. My annual comments are due in great part to the publicity generated by Life Insurance Awareness Month and the great work of the non-profit organization sponsoring it, Life Happens. Simply put, ...

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IKE TROTTER: Retirement age decision becomes more difficult

WHY DO SOME PEOPLE CHOOSE to claim Social Security retirement benefits at the earliest possible age of 62, rather than waiting until their full retirement age (66 to 67 for anyone born in 1943 or later) when doing so would reduce their monthly benefit by as much as 30 percent? Well, there actually are many reasons, according to new data from ...

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IKE TROTTER: Understanding the impact of incapacity

Incapacity is a relatively new medical and financial definition meaning you are unable to take care of yourself or your day-to-day affairs. Incapacity can result from serious physical injury, mental or physical illness, mental retardation, advancing age and alcohol or drug abuse. Even with today’s medical miracles, it’s a real possibility that you or your spouse could become incapable of ...

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