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Polaris Financial Services blog

General financial Services blog discussing issues of financial interest to boomers, Gen X or gen Y individuals interested in growing their assets...
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Your Retireement Assets

Polaris Financial Services blog ― In our last post we talked about the concept of Retirement assets with a different liquidity requirement or need date. I like my clients to think about pots of money or buckets. Some of the conceptual buckets are like a ... (more)
 PolarisFinancialBlog ― Posted on Mar 1st, 2012
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How safe are Moneymarket Funds?

Polaris Financial Services blog ― The Washington Post recently published some interesting comments quoted from Mary Shapiro who just happens to be the Chairman of the Securities and Exchange Commission (SEC). Many people park funds in these Moneymarket accounts ... (more)
 PolarisFinancialBlog ― Posted on Feb 29th, 2012
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New 401 K PLan options

Polaris Financial Services blog ― USA Today in an article written by Christine Dugas talked about a new proposal from the government which would add an option to include Annuities when they are ready to retire.This really isn't news. I have been offering my... (more)
 PolarisFinancialBlog ― Posted on Feb 3rd, 2012
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Affluent Investors not happy with 401 K Plan providers

Polaris Financial Services blog ― A recent study released by Cogent Reseach says that only 45% of them are happy with their companies 401K Plan. If thats the case why are they dissatisfied? Obviously they are not happy with the plan financial strategies options... (more)
 PolarisFinancialBlog ― Posted on May 14th, 2011
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Where does Ben Bernanke invest his own personal assets

Polaris Financial Services blog ― Ever wonder how the Federal Reserve Chairman chooses to invest his own money. In fact its a matter of public record. The bulk of his assets are invested in several annuity products with some mutual funds tossed in for good measure. I will say... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Hope to Receive A State Pension Read This

Polaris Financial Services blog ― Just read an aticle talking about State funding of their pension Liabilities. 16 state are seriously underfunded. They have reserves in their pension funds covering only 75% of their obligations. f That is down even more than the 77 %... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Are Your Retirement Savings Adequate?

Polaris Financial Services blog ― Many people Today are very concerned that they have not saved enough money for their retirement. Unfortunately most of them are right! They have not yet saved enough for a comfortable retirement. A lucky minority have already saved enough... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Shopping for Long Term Care

Polaris Financial Services blog ― In the most recent copy of USA Weekend Dated April 1-3 2011 there was a brief article about shopping for Long Term Care Insurance (LTC). The article quoted Genworth's study that median cost for assisted living are now over $3,000 per month.... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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IS a 529 Plan Right for your situation

Polaris Financial Services blog ― 529 College Saving Plans 529 Plans for college saving. There are numerous questions about saving for college. I believe that for many people the best ways to save for college are not in a 529 Plan. Many State plans have produced DISMAL... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Seniors and SS benefits before retirement age 65

Polaris Financial Services blog ― Seniors and SS benefits before retirement age 65 A recent survey of over 600 seniors shows that many people are planning on accessing their Social security benefits before age 65 to cover routine living expenses, healthcare, mortgages and... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Inflation rearing its ugly head - What should you do about it?

Polaris Financial Services blog ― There are several things every investor or saver needs to keep in mind as we move forward. Over the past 18 months inflation has been at above average levels it actually peaked at 5.6% back in July 2008. That represented a 17 year high. But... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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2009 Bank Closures now at 74

Polaris Financial Services blog ― Two more banks have been closed down by the Federal regulators. This is a sign of continuing financial difficulties and the need for smart savers to implements Safer Money Financial Strategies. Colonial Bank is a medium size bank with about $25 B... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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How To Avoid Financial Meltdown

Polaris Financial Services blog ― Just wanted to share an experience I had this week with a Revocable Living Trust client. This client is a retired physician and his wife's estate. They had set up a Revocable Living Trust. I was working with them on a Trust and Estate planning... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Your 401K Performance

Polaris Financial Services blog ― Most peoples 401K plans lost between 25-39 % last year. However that is not necessary. It is possible to have a 401K plan that cannot loose money. Obviously it has to be a Company decision to offer performance options that can give you reasonable... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011
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Current market conditions review

Polaris Financial Services blog ― We just finished the worst Jan ever recorder in the Dow and the S&P 500 indexes. The Dow was down over 8.8% and the S&P was down over 8.5%. Banks are still being closed by the FDIC. Six new bank closures in January 2009. The only good news... (more)
 PolarisFinancialBlog ― Posted on Apr 30th, 2011