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The Community Lifestyle/Business Profile Journal of CenLA
Posted September 2010
Credit Unions are different from other financial institutions. Our principle concern is not the bottom line, but providing excellent products and service to our members. La Capitol is a not-for-profit financial institution owned by our members. When you become a La Cap member, you also become a part owner. Our first commitment is to provide [...]
Continue ReadingPosted September 2010
I have been asked by many individuals and business owners: “What is the summary of the health reform bill?” and “Who is going to pay for this bill?” The answers vary depending on the context of the question, but I have addressed the effects of the bill for you below. The following information was constructed [...]
Continue ReadingPosted September 2010
Life insurance has many uses. Obviously, it is important in providing financial protection to a young family in the event of the breadwinner’s death. It is generally an important part of estate planning. Life insurance can fund a buy-sell agreement for a closely held business that protects the surviving spouse and the other owners. It [...]
Continue ReadingPosted September 2010
In a world where retirement seems ever elusive, what are your expectations and what are you doing to achieve them? Most nations today are coming to grips with the same economic forces: an aging and growing population of seniors, a shrinking workforce in proportion to the number of retirees, slower economic growth, and increased longevity. [...]
Continue ReadingPosted August 2010
According to an article in the July, 2010 Financial Planning magazine, key life events can and should generate reviews of estate plans and related documents. For instance, the birth of a grandchild may—but probably won’t—necessitate the updating of a will or trust to add the new heir to the list of beneficiaries. Gifts can be [...]
Continue ReadingPosted August 2010
A recent article in an automotive trade magazine preached the benefits of teaching financial literacy to younger members of society. The purpose, of course, is to enable the younger population to handle the financial stresses that they will encounter as they get older. Quite simply, most adolescents (and many adults) have no clear idea how [...]
Continue ReadingPosted August 2010
While summer vacations and national holidays typically provide a break for everyone who would be considered a member of the working public, there is one big break ahead that’s a priority on most everyone’s calendar—retirement. And while it may be closer for some than it is for others, everyone needs to make sure they are [...]
Continue ReadingPosted August 2010
The Louisiana Department of Revenue (LDR) reminds individual taxpayers and business owners to protect their financial and business records from storm damage. - Paperless Media Most bank statements and other financial documents are available as electronic records from your financial institution. Backing these data up by burning them to CD or saving them to portable [...]
Continue ReadingPosted August 2010
A property owner who owns a 70-acre farm was asked to allow friends with ATV’s to access the property for off-road riding. He was concerned about the liability associated with this permission should he consent. Does his insurance protect him? Is there anything else he can do? In the field of risk management, there are [...]
Continue ReadingPosted July 2010
If financial planning was a sport, what financial tool would be the “Tiger Woods” of our era? Which strategy is considered to be the best option out there? Just as there could be other opinions about who today’s best golfer is, there could be quite a few retirement strategies that would get a few votes [...]
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