Category Archives: Money

How to Respond to a Data Breach

You may have read that hackers broke into the Equifax database and stole personal information tied to 143 million people.  The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. They also stole credit card numbers for about 209,000 people and dispute documents with personal identifying information for about 182,000 people.  There is no reason to think that data is not for sale to criminals who can use it to open new lines of credit or file phony tax refund requests in peoples’ names.

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How Will Harvey Impact the U.S. Economy?

By now, you’ve surely watched with sympathy and concern as hurricane Harvey flooded America’s fourth largest city.  You may remember seeing similar footage when Hurricane Katrina roared through New Orleans, and when superstorm Sandy roared through the most populous areas of New Jersey and New York.  As you see Houston sitting in six feet of water, you’re probably wondering what the economic impact will be of all this devastation, and how it compares to natural mega-disasters like Katrina and Sandy.

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Facts About Powers of Attorney

Everybody should have a power of attorney.  But not everybody knows exactly what it is or why it’s so important.

A power of attorney is a legal document that empowers a person you trust to handle your financial affairs if and when you become incapacitated.  While you’re up and around, the document just sits in a file.  But if you’re in an accident, where suddenly you can’t act on your own behalf, the document allows somebody else to make decisions on your behalf—usually temporarily, until you can start handling your own affairs again.  At that point, the document goes back in the file, and you’re back in charge.

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The Facts about the “Forgotten” Policy

Everybody knows about life insurance, and disability insurance covers millions through corporate plans.  Health insurance is always in the news thanks to the controversy around the Affordable Care Act.

But what about the forgotten stepchild: Long-Term Care (LTC) insurance?  How much do you know about it?  How do you know whether you need it or not?

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Migrating to Opportunity

Companies tend to reward loyalty in their employees.  Right?

A recent article on the Forbes website uses simple math to suggest that loyal employees who stay employed at the same company for over two years at a time might be earning 50% less over 10 years, compared with less-dedicated workers who seek opportunity elsewhere.

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Negotiating NAFTA

You probably know that representatives from Canada, Mexico and the U.S. are meeting at this moment to renegotiate the North American Free Trade Agreement (NAFTA)—and, in the words of President Trump, get “a better deal for America.”  But what IS NAFTA, and what are the chances that this time around the provisions will favor jobs and growth in America?

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Banking Retreat

Low interest rates and added regulation designed to head off another global financial crisis has made it more expensive and complicated to run a banking operation these days.  Gone are the heady days when banks were building 200 new brick and mortar locations a month in the U.S. market, leading up to the market top in 2008, when there were 100,000 bank branches in the U.S.—35 for every 100,000 adults, twice as many, per capita, as Germany.

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