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Behavioral Finance: Herding

At Preferred Financial Strategies we find it is important that our clients understand what their financial decisions are based on. Every decision comes down to your behavior.  You make financial decisions based on emotions, social interaction, and factors that lay in our subconscious. Are you ready to become more aware of why you make the […]

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One Person You Cannot Disinherit…

An important update on the new elective share rules in NC – Guest Post by Lauren T. Millovitsch, Esq. (learn more about Lauren at the end of this post) As many of you know, you have a lot of freedom regarding how to structure your estate plan – you can leave assets outright or in […]

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Get “$” Fit Challenge- March 2015

Now that the holiday season has officially come to an end perhaps you are still reviewing the bills for the gifts you gave?  Unless you gave yourself a strict budget and used cash for purchases you may have overspent what you intended.  Between Thanksgiving, Christmas, New Years, and Valentines Day the $$$$ signs stack up! […]

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Things We Learn From Downton Abbey!

I knew I loved this show for so many reasons, but this just topped it off!! Every year I wait like a kid in a candy store for the show to return to PBS! The show is captivating and transports you to a world and time when money, society, the help, and living were treated […]

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I’m On The Radio!

Tune in to your Lake Norman Money Maven!  #LKNMoneyMaven You may not be aware that I have been hosting my own radio show since October of 2012.  Approached by the station owner I created a show focusing on bringing together all things financial in an understandable, useful way.  Financial Strategies for Life – No complicated […]

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Retirement Planning Key Numbers-2014

Certain retirement plan and IRA limits are indexed for inflation each year, and many of the limits eligible for a cost-of-living adjustment (COLA) have increased for 2014. Some of the key numbers for 2014 are listed below, with the corresponding limit for 2013. (The source for these 2014 numbers is IRS Information Release IR-2013-86.) Elective […]

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Your Quarterly Market Update

What did you think of the last Quarter? Are you experiencing confusion?   In the third quarter the market experienced lots of activity. I always think it is important to share this information with you! The market is constantly changing and we don’t always know what to make of it. I find many outlets of information […]

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All Hail Peace!

Peace for all, Peace for One… International Day of Peace is September 21, 2013. This is the one day where everything and everyone should be at peace. The day was created in 1981 by the United Nations to honor peace efforts by the United Nations and people worldwide. The United Nations first celebrated the day […]

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How Will You Deal With the Healthcare Crisis?

A few years down the line would you be able to cover your medical costs if you got sick? Estimates are that insurance premiums alone will increase 100-300% under Obama care.  This is simply not affordable for many citizens. In the article Health Crisis Would Shatter Finances of Most Middle-Income Americans the health care crisis […]

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Longevity: The Newest Killer

Longevity is like a coin toss. There’s a winner and a loser.  Living longer, represents the heads side.  Living longer with good quality of life is desirable.  Heads up!  The flip side, tails, is a negative because American’s are not prepared for it.  Why not?  There are many reasons!  Citizens generally are not saving and […]

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