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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

Be prepared to pay for lawyers fees to review the trust as well as accountant fees to make sure you satisfy the IRS! Be ready to have your asset sold by the charity so that it can be used to pay you the income as well as to fund their charitable endeavors. After they die, the remainder in the trust goes to the charity selected.

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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Well according to the bill’s sponsors, in the resolution presented to and passed by the 112 th Congress this March, we have a lot of issues to solve. Why do we need it? According to the resolution: Twenty-five.6 Share what you know and do with those around you to help the nation become more financially literate!

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11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

My sister-in-law and her husband had one that they used and rented out and indicated that it was doing well. I wanted a place for our family to gather – adult children and grandchildren along with us. That gave me the idea to start looking around for one too. This doesn’t come cheap, but provides peace of mind.

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Seniors – Keep Your Allocations

Prairie Eco-Thrifter

What YOU need in YOUR asset allocation model may well be very different from their generic recommendations. We need to make sure our base grows over his lifetime, especially since we hope to leave a legacy to our children and grandchildren. They have a decent calculator to help you get close to your asset allocation model goal.

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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

Many well to do families have been counting on this as a way to pass along significant wealth to their next generations. You do the math, but my calculator shows that is $400K a year. That money has to come from somewhere and unfortunately we all just keep kicking it down the road to my grandchildren.

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