[To be sure, you should pay attention, and move once the bills are enacted.] Understand (the plan). Know what you might want to do, ... it would be reckless to make any financial moves predicated on the proposals. |
At the time you are most vulnerable, you want to make sure people know what you want to have happen to you. You don't want people to guess about it, or in some cases, not even be able to do what you want. |
Bad debt is debt that is used to enhance consumption. |
Basically, the concern of NAPFA is the extraordinary expense often associated with these insurance policies, ... The problem with a lot of these high cost products is that they attempt to push hot buttons with consumers. They ask, 'do you want to pay taxes?' Obviously, you don't. But the NAPFA approach is to look at your overall financial picture and do it on an unbiased, non-partial basis. |
Consumers are biting, |
Consumers are biting. They're biting because the opportunities are good and in part because they see that the bank is making a statement to them: 'You can afford it' -- when, in reality, most cannot. |
If there is a positive thing to say about war, [it's that] it can be a wake-up call for people to get their financial life in order. |
If you have a choice, pick a different departure date. |
If you have options all you have is the promise of money. It's like the lottery. |
It's not like law or medicine where there are extraordinary standards. |
Keep the bulk of your money in the fund, then transfer a few thousand to checking whenever you need it. |
Now more than ever people's financial futures are in their own hands. |
Stock options can overshadow the value of a retirement plan in a heartbeat. I've had clients who made millions by waiting a few weeks. |
There's no good rule of thumb for insurance since people have such different situations. |
They are signing on for large debts with low initial interest rates that can skyrocket ultimately. |