Don't Sabotage Your Financial Goals
One of the surest ways to sabotage your
financial goals is to take on an excessive amount of debt. Unfortunately,
it's not difficult to get yourself into that situation. Just consistently
spend a little more than you make over a period of time and you
will eventually find yourself overburdened with debt. At that
point, with much of your discretionary income going to make debt
payments, you will typically find you have little or nothing left
over to save toward your financial goals. If debt is hampering
your ability to work toward your financial goals, make some strict
rules.
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Protect Your Financial Identity
No one expects it to happen to them. You
think you're careful with financial information, so how could
someone steal your identity? However, very little information
is needed to steal your identity - just your name, Social Security
number, and birth date. While you typically won't have to pay for
anything charged by an identity thief, you will have to work to
restore your credit and to ensure all fraudulent accounts are
closed. That can be time consuming as well as expensive.
To help prevent your identity from being
stolen, follow these tips.
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Weighing Your Mortgage Options
There are a wide variety of mortgage options
available for financing your home. Which is best for you depends
on how long you plan to live in the home and your expectations
regarding future mortgage rates. Sorting through all the options and choices
can seem overwhelming. However, it is not uncommon to save thousands
of dollars over the life of the loan by shopping for the best
option. Consider these questions before
deciding on a particular mortgage option.
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When Selling, Don't Make These Mistakes
An important part of any investment strategy
is to develop a methodology for ultimately selling your investments.
Unfortunately, many investors sell based on emotional factors,
making one of several mistakes.
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Can You Count on Your Defined-Benefit Plan?
A defined-benefit plan is a pension plan
where the company promises to pay participants a certain benefit,
with the entire cost typically funded by the company. Those plans
are now under considerable pressure. The recent market declines have seriously
eroded the value of pension assets, while declining interest rates
have dramatically increased liabilities for future benefits to
retirees. The shortfall is so significant that many companies
will now be required to start putting significant amounts of cash
into these plans or look at other alternatives, such as reducing
or elminating future benefits.
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David K. Sebastian is the Team Leader of the Physicians Wealth Management Group and specializes in working with individual physicians and group medical practices. He has more than twenty-five years of experience and derives tremendous satisfaction providing advice and management for a wide array of clients’ concerns from tax reduction to asset protection, insurance, investment, retirement and estate planning.
Commitment to his clients’ financial needs and well being is a primary motivation for David.
The Physicians Wealth Management Group was specifically created to address and manage all of the unique financial challenges that doctors are facing both individually and through their group medical practices.
Just as most Physicians are specialists, what we have discovered is that most prefer to work with experts that not only understand their personal situation, but who also are proactive in developing and implementing the strategies required to remedy them.
Feel free to contact me via e-mail at
dsebastian@sfr1.com
or call me at (973) 285-3600
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