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Beneficiary Mistakes


It is important to keep track of your beneficiaries. One of the common mistakes are not keeping track or forgetting to update your beneficiary.
Let's face it we are already so busy with our lives that we forget to update information. Don't leave these important matters to be unattended. 

Tip When to Change Your Beneficiary

It’s a good idea to update your beneficiaries when your life changes. That way your retirement savings, 
life insurance, and other assets will be passed on to the right people. When you get married or divorced, 
or when you adopt or have a child, update your beneficiaries. Review your life insurance beneficiary 
information periodically, e.g. once a year, to make sure you have the right people named.

You may not be able to change your beneficiary if you have an irrevocable beneficiary designation. You 
might choose this type of designation if you want to make sure the right person gets the benefit. A 
revocable beneficiary designation, on the other hand, can be changed.

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Posted Tuesday, August 09 2011 4:02 PM
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Tax Credits Have Been Pricey and Effective


As the home buyer tax credits near their end, analysts are concluding that the program was both expensive and successful.

The Treasury Department estimates that the credits helped 1.8 million people buy homes, but critics reply that two-thirds of the $12.6 billion in credits spent through the end of February went to people who would have purchased a home anyway. 

Sen. Johnny Isakson, a Republican from Georgia, who worked as a real estate practitioner for 30 years and pushed through the 2010 extension and expansion of the program, says: “It’s true that a lot of people who got the credit might have bought without it, but they might have bought in 2012 or 2013. This got them to buy in 2009 and 2010, when we needed to shore things up.”

Economist Mark Zandi at Moody’s Economy.com agrees. “The tax credit helped to stanch the price declines, which had substantial benefit for the entire economy," he says. "The home is still the largest asset on most people’s balance sheet, so when prices are falling, nothing works for most families. But now people can take a deep breath and think clearly again.”

Source: The New York Times, David Kocieniewski (04/26/2010)

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Posted Wednesday, April 28 2010 1:06 PM
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DO NOT CALL REGISTRY - Cell Phones


REMEMBER: Cell Phone Numbers Go Public this month.


REMINDER.....  all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.

.... YOU WILL BE CHARGED FOR THESE CALLS

To prevent this, call the following number from your cell phone:    888-382-1222.
It is the National DO NOT CALL list It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number.


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Posted Wednesday, April 28 2010 12:03 PM
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Critics Say Flood Maps Aren't Right


The Federal Emergency Management Agency began updating flood maps in 2004. So far, FEMA has spent about $2 million a year to complete the projects, but the agency isn’t done yet. 

Meanwhile, critics in several states are complaining that the new maps are inaccurate and arbitrary. FEMA says it welcomes criticism of the new maps and is willing to make changes if there is scientific evidence available that the changes are wrong.

"What we're looking for is evidence, a study or survey that would provide more detailed information that can be incorporated," says Josh deBerge, a FEMA spokesman based in Kansas City, Mo.

There is usually a comment period during the 18 months between a map update and the date it takes affect. During that time, community meetings will be held. FEMA urges those with criticisms to take advantage of this window of opportunity.

Source: Associated Press, Michael J. Crumb (01/23/2010)

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Posted Monday, January 25 2010 11:58 AM
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How to stay in hot water


If it's doing its job, you don't give it a second thought. But when hot water is elusive for your morning shower and that sink full of dishes, or even worse, its contents are inches deep onthe floor and seeping through the walls, your water heater has your full attention.  The average life span of a water heater is about 10 years. Rusting and build up of sediment in the tank could shorten its life while some preventative maintenance may extend it.
 What can you do to make life a little easier on your water heater?
 
·         Twice a year, drain a bucket of water from your hot water storage tank until it runs 
clear (about five gallons). This removes sediment that absorbs heat energy and causes 
the unit to waste fuel. Be sure to check your appliance's owner's manual for instructions.
 
·         Anti-corrosion anode rods in your water heater protect against rusting. The anode 
attracts corrosion that would otherwise attack the tank's wall. Having a plumber replace 
the anodes every three to four years could add to the life of your tank. 
 
·         Strapping your water heater to the wall studs can help to keep it from breaking loose of
 its connections during an earthquake. Insulating the storage tank and pipes can help reduce 
heat loss. Kits and materials for both these projects can be found at hardware stores or
home improvement centers.
 
·         For gas-fueled water heaters, check the flue assembly twice a year to be sure it's 
properly aligned and all its joints are sealed. If you ever smell gas, leave your house 
immediately and call your gas company for help.
Additional tips and information can be found at www.safeco.com/drip.

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Posted Wednesday, January 13 2010 12:45 AM
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