Word of the Week: Will

A Will, also called a "Last Will & Testament" is a legal document which identifies where you would like your property to go after your death. It is read by a court to ensure that your last wishes are carried out after your passing. If you do not have one, the state distributes your property according to a process called Intestate Succession, to the immediate family members you have left behind....

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Word of the Week: LTC – Long Term Care Insurance

Long Term Care Insurance is a type of insurance which protects against the draining of your assets should you need full-time care at the end of your life. It can be used to provide a specific amount be left to heirs or to ensure admittance to the nursing home of your choice without the heavy financial burden of the full cost....

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Word of the Week: TLH (Tax Loss Harvesting)

Tax Loss Harvesting (TLH): This tax strategy involves selling an investment which has experienced a loss to reduce your tax bill. Typically, the proceeds are used to reinvest in a similar security to maintain exposure to the asset class. You may be able to offset any capital gains you have or even deduct up to $3,000 in losses each year against ordinary income and carry forward any excess losses to be used in the next tax year....

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Word of the Week: Rebalance

Re-balancing is the process of restoring your portfolio to its target allocation once the investments have significantly moved out of their target ranges. As investments fluctuate, naturally some will become overweight and others will become underweight. These asset classes then need to be bought or sold in order to return back to their original target allocation for the portfolio. This disciplined process helps investors sell high and buy low....

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