Category Archives: Personal Finance

Power of Attorney – Get it!


A friend of mine visited his late father’s wife at a retirement community in Portland, Oregon. As he was preparing to leave, he noticed a newspaper, the Northwest Boomer & Senior News. In the paper was a column by Sam Friedenberg called Elder Law. He learned some very useful information from Friedenberg, an attorney who has been practicing law for

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What is a Reverse Mortgage?


Will the reverse mortgage surge in the coming years? We think so. Tyler Durden at Zero Hedge wrote yesterday, “Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years. Forty-four percent of respondents

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What is VIX?

There’s been a lot of talk about the low level of VIX lately. Just this past week Zero Hedge commented on VIX saying, “As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed. VIX just hit 9.92 as NASDAQ hit 6,100 (note the most recent low is 9.39 from 12/15/06 and all-time low at 8.89 on 12/27/93) What is

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Joint Tenants with Rights of Survivorship

It is very common for spouses to own property together as joint tenants with right of survivorship. When one passes, the other owns the property outright. It’s simple, easy, and automatic. But once in a blue moon when the other joint owner isn’t your spouse, it gets messy. When you co-own an asset with another individual, you can still have

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Retirement Planning in 1 Minute

The best time to think about your retirement is always the present. Perhaps it’s only a few years away, but then again even if you’re young, don’t make the mistake of thinking it’s too early to prepare.   What if an accident forces you into early retirement and renders you unable to provide for your family? You surely get the

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Tangible and Intangible Assets Explained in 1 minute

As there name suggests, tangible assets, such as gold or real estate can actually be touched and this tends to gives people a more authentic sense of ownership.  Intangible assets tend to be perceived as more abstract, and can be 1) completely intangible, such as bitcoin or domain names or 2) claims to tangible assets such as a stock certificate,

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The History of Paper Money – Part 6: The Gold Standard

In this series, we rarely get far into the twentieth century because it’s hard to have historical perspective on events that are that close to our own time. But today, we’re going to have to roar into the latter half of the twentieth century to show you just how recently this idea came to be. This idea that seems so

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