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Asked by an anonymous user
Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ
The miracles of modern medicine have greatly increased the likelihood that more and more of us will need custodial care, especially in our later years. At its simples...
Q&A
Asked by StuartV
Answered by Alex Bentley, Financial AdviserPRO+ in Pacific Palisades, CA
My answer is simple: avoid complexity in investing. If you don't understand it, don't do it. Most financial products like GICs involve a lot of complexity that is de...
Q&A
Asked by Erin
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hi Erin: That depends on the type of loan you have. If it's an FHA loan, the new guidelines state that the MI will stay on for the life of the loan. If it is conven...
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Asked by Michael
Answered by Gordon Kushnick, Insurance Agent in Seattle, WA
Please note that in each state there are different plans available so the information I'm about to provide should only be used as a general answer to your question. ...
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Asked by Joseph
Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ
Renters insurance covers your tenants, Joseph. As a landlord, it's very important for your tenants to carry this coverage for two primary reasons: 1) their personal p...
Q&A
Asked by Gina
Answered by Martin Leclerc, Financial Adviser in Bryn Mawr, PA
For all practical purposes, it is important to know that there are essentially 2 kinds of risks associated with bonds: interest rate risk and credit risk. Interest...
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Asked by Erin
Answered by Nancy Greenwood, Insurance Agent in Methuen, MA
People drive without insurance for a number of reasons. You are responsible for paying your medical and hospital bills that result from an accident even if it is caus...
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Asked by Edna
Answered by Donn Sharer , CFP ChFC CLU in Millstone Township, NJ
The short answer is "not really". Rules of thumb often provide useful shortcuts for us Edna. They can also be misleading, especially if your situation deviates from t...
Q&A
Asked by Martha
Answered by Scott Nelson, Insurance Agent in Atlanta, GA
It sounds like your son is confusing health insurance rules with auto insurance rules. Most insurance companies look at who owns the vehicles and who lives in the hous...
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Asked by Kathleen
Answered by Michael Hoffman, RFC, CLU, ChFCPRO+ in Grass Valley, CA
Gordon is right. If you have more than one term policy, it is a good idea to consolidate term into one policy. There is a "volume discount" or banding at $250k, $5...
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