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Financial Clarity Blog

Helping people make smart financial decisions.  

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Own-Occupation Disability Insurance

Own occupation disability insurance. It’s a regularly searched term for specialized professionals, such as doctors. Some people will search for physician disability insurance. Others may search for occupational disability insurance. I can see how own occupation disability insurance and occupational disability insurance can be interchangeable terms. The more commonly referenced terminology for occupation-specific disability insurance is “own occupation disability insurance,” so we’ll stick with that for today.

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What Would I Do If I Won the Lottery?

Last week, with the Powerball winner claiming the grand prize of $730 million and the Mega Millions at $1 billion, it got me thinking – what would I do if I won the lottery that much?  Doesn’t everyone wonder that every once in a while?  What would I do first with the money?  I know my wife wants a new backsplash in the kitchen, so I supposed we could get that done. Or buy the forever home. Should I claim the lump sum or the 30-year payout?  Do I tell my friends and family?  Do I tell my wife?  (Just kidding….sort of).  How do I ensure I don’t go bankrupt like a lot of lottery winners?  It all starts with putting together a plan.  Here are some initial thoughts on how I would react and what I would do.

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21 Financial Goals for 2021

I’m really good at contradicting myself and making sense (in my head) while doing it. For example, I am a big advocate of setting goals and creating a plan to achieve those goals. The simple process of creating a goal and an action plan to achieve it can help you accomplish a lot. I’m not a big fan of New Year’s resolutions because they are usually a half-hearted self-improvement “goal” that we bail on by February. For example, every year, I tell myself I will swear less, say more positive things, and less negative things. I don’t make much progress.

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The Time I Spent $5,000 on Liquor

What a year 2020 has been. For some of you, this post may be an inspiration to drink away the memory that is 2020 and start fresh in 2021. I know I could go for a stiff drink this holiday season. Many of you probably saw this title and thought to yourselves, "Wow, Corey must be an alcoholic." Or, "Wow, Corey must have a lot of money if he can afford to blow $5,000 on booze." Or both. I have to confess, I didn't actually spend $5,000 on liquor, but I sort of did. Let me explain.

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11 Ways to Teach Your Kids About Money

As a parent and a financial advisor, I feel a duty and obligation to teach my kids about money. It will be embarrassing for me if my kids aren't knowledgeable about money and finances by the time they are adults. Many of you are probably curious to learn effective ways to teach your kids about money as well. We all want our kids to grow up to be successful adults who make smart decisions, financial and otherwise. Today, we will walk through 11 ways to teach your kids about money so you can get them started on the right foot.

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You Don’t Need A Long-Term Care Policy, You Need Longevity Planning

Longevity planning and Long-Term Care planning are an integral part of a solid financial plan, especially for LGBT families. But you have to trust that the advisor you work with will help you find, what you want, what you need, what you can afford, and what you can get approved. They also need to give you options if you cannot get the type of coverage you want or need. It is helpful to work with someone who is an expert in working with someone like you.

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