Stock Market Correction Coming!

Are you concerned that the stock market is getting overvalued and on the verge of a nasty correction? This 10 minute You Tube video will provide helpful education in a logical , unemotional and scientific way. I think you will find it very revealing.

Administration and Probate

Everyone hates probate. Someone dies, someone else goes to court, and, after delays and expenses the assets are distributed. Why go through this unnecessary time and expense?

Probate assets include house, cars, bank accounts, timeshares, mineral interests, rental property and certified securities. Most banks and title companies will NOT allow transfer of these assets without a “letter” issued by the probate court.

On the other hand , non probate assets transfer immediately. All you need is a death certificate. No lawyer, no probate , no delays.

There are 3 simple ways to create non probate assets. First,, a single owner can list out a beneficiary. Examples are for life insurance, IRAs, brokerage accounts and internet bank accounts. Second, an account can be set up as joint ownership with right of survivorship. Each owner must agree and no owner can be removed without every other owner’s consent. This is a easy way to do things but has many pitfalls.
Third a Revocable Intervivos Trust, aka, Living Trust may be set up. Under this arrangement all your assets are owned by the trust which never dies until you say that it dies ( ends or terminates). You still have full access to all the assets. Thus there is NO need for Living or Death Probate since you do not have any assets in your name.

All of these methods can work. My favorite is a Living Trust for anyone with over $100,000 in assets. Get the book, “The Loving Trust” by Esperti and Peterson for a great down to earth explanation of all 3 above listed methods.

Ways to Save $,Part 2

Here are a few other ways to save some money:

* Buy pills and split them. Ask your doctor if it is cheaper to get half the amount of double strength medication than normal strength. Then split each pill into two doses with a $5 device.

*Buy refilled ink cartridges. In many cases you pay $20 for a refilled version versus $80 for a new one.

*Vacation in a dorm room. Colleges overseas rent summer dorm rooms. Savings can be substantial. Go to: Universityrooms.com

*Take a defensive driving course. Many auto insurers will drop 10% off your annual premium. Call them before attending class to see if it is worthwhile.

*Market old Electronics. Once popular items have become collectables. See EBAY for prices. A first generation IPOD was selling for $150.

*Raise your deductible . If you raise your homeowner policy from $500 to $1000 you could save 25%. The rule is a payback in 8 years. So, if you increase deductible by $500 the premium savings needs to be at least $60 per year.

Hope this helps. Remember any money saved is not spent. Invest it for your future!

Ways to Save $$$ , Part 1

* Sell to Amazon. They accept a slew of old items like videogames, books and Kindle Readers for trade-in, or, in exchange for a gift card. Check out the Trade-In Store. If listed, then print out the shipping label and send it.

* Get Free E-books. Download 60,000 public domain E-books at Gutenberg.org

* Mulch for Free. Google your County name and “free mulch” or ‘free compost” to see if it is offered.

* Dine for less. Restaurant.com offers discounted gift certificates.

* Call before you pay. Banks and Credit Card companies will usually waive a rare late payment fee. That can save you $35-$39.

* Skip Rental Car Insurance. Check with your Carrier first to see if you are covered adequately. Most times your Auto Policy covers the use of Rental cars. Save a bundle each time you rent.

Now , you know me. With these savings Don’t Spend it ,rather, invest the savings for your future

Before you Leave for that Vacation

Some tips:
* Run your garbage disposal with lemon rinds and cold water. This will avoid a smelly homecoming

* Pause your mail delivery. Piled up mail is a sign that no one is home. Go to: holdmail.usps.com/holdmail. Pick it up or have it delivered when you return.

* Unplug unused appliances. To save on electricity pull the plug on microwaves, coffee makers and any appliances that draw power to run a clock.

* Thwart potential thieves by having a security sign outside( although a security system is best). Also, toss gravel on the ground near entries as it is noisy.

* Check social media. Do NOT post to the world that you are leaving or send photos while you are away. Wait to share when you return.

Have a fun and safe time.