Attorney Kate Cavanaugh-Forte
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Category Archives for Money Issues

Last Minute Tax Planning Tips

Tax Day is April 18th this Year. There’s still time to do some last minute planning to save yourself some taxes. Take a look. Last-minute retirement account contributions. 401(k)s and 403(b)s are tough becausec you have to have made your contributions as you go. Consider talking to HR about diverting a bonus check into the […]

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5 Step End of Year Checklist

We all make resolutions this time of year. Here’s a quick checklist for some financial resolutions. 1. Income Plan One simple thing you can do to save money is review all of your insurance policies: health, home, life, automobile. Could you make coverage changes that would reduce your premiums? On the other hand, a mistake […]

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ITunes Scam

Here is another scam to watch out for. Never click on a link you can’t identify. Fraudsters are trying to get your money and this time, they are posing as Apple, Inc. to do it. With millions of iTunes users nationwide and thousands here in Cape Coral, the Cape Coral Police Department sent a warning […]

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4 Situations it makes sense to take Social Security Early

When should you take Social Security early?   The conventional wisdom about when to draw Social Security seems to be simple: the later the better. While you’re eligible to start drawing Social Security at age 62, your monthly benefit is reduced by 25 percent from what you would receive at your full retirement age (66 […]

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Now is the Time to Refinance

Interest rates have dropped yet again.  Fixed-rate mortgages are well under 4 percent, the average for a 30-year fixed-rate refinance was 3.45 percent, and 2.74 percent for a 15-year fixed-rate refinance, according to Bankrate. What does this mean for you? It could be a way to cut your monthly payments, lower your term or tap […]

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Is Your House Still Under Water ?

A recent national survey by Fannie Mae shows that many homeowners continue to underestimate the amount of equity they have in their homes. This chart shows how many homeowners think they are “under-water” with their mortgage. What’s “under- water” and why should you care?   Under Water vs Equity A house is “under-water” when the […]

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Lower your mortgage payment

Here is some simple information to lower your mortgage payment. Find out whether you’re overpaying your mortgage lender If the amount you borrowed was more than 80% of the appraised value of your home, you’re probably paying PMI, or private mortgage insurance. PMI payments are not trivial. Depending on the size of your down payment and […]

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