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The Independent Investor: Financial Challenges Facing Single Parents
By Bill Schmick,
08:01PM / Thursday, March 19, 2015
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Over 13 million Americans struggle each day to be the best single parent they can. It can be a thankless job and one that requires an entire set of financial tools that couples rarely face. This column is dedicated to helping the single parent cope.

Twenty-five percent of children under the age of 18 in the U.S. are being raised without a Dad. That's not to say that there aren't plenty of single fathers bringing up children, but the facts are that the majority (80 percent) of single parents in this country are women. Nearly half of them live below the poverty line. Here's how you can avoid that fate.

The first change you must make is in developing a new attitude

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The Independent Investor: Kids & Money
By Bill Schmick,
08:39PM / Thursday, March 12, 2015
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Given that most Americans grow up with little or no idea of how to save, budget, or spend money, it might be a good idea to ask why.  It begins with the family but discussing money in this country is as uncomfortable as talking about sex.  That needs to change and it starts with our children.

"My kids were taught about personal finances as part of their school curriculum, but it went in one ear and out the other," said one hard-working client, who called asking for advice on how to teach his teenagers the value of money.

Although the majority of states now mandate some kind of classroom training in finance, most students fail to "get it." Children

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The Independent Investor: Rise of the Smoothie
By Bill Schmick,
03:20PM / Thursday, March 05, 2015
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The global market for smoothies is projected to hit $9 billion this year. Driven by a new health-consciousness among consumers, today's on-the-go convenience of gulping down your vitamins and minerals is appealing to more and more of us. Expect that trend to continue.

From a niche market in America in the '90s, the industry here at home has grown to over a $4 billion market today, which makes the United States the dominat domicile of all-things smoothie. The sector is forecasted to grow 10 percent a year for the next five years, according to Research and Markets Group, an analytical business group. Food chains, service restaurants, beverage companies and consumers, not to

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The Independent Investor: New Fiduciary Rule Would Benefit All of Us
By Bill Schmick,
03:48PM / Friday, February 27, 2015
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The Department of Labor is trying again. This week, a proposed new rule, backed by the president, would force all financial advisers to adopt a "fiduciary responsibility" toward their clients when overseeing retirement plans. If passed, it could substantially reduce the fees and expenses we pay for that advice.

So exactly what is this fiduciary responsibility that President Obama is championing? The rule would require all advisers to put their client's interests above all other considerations when making investment recommendations on accounts covered under the Employee Retirement Income Security Act. That means the bulk of middle class savings represented by all types

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The Independent Investor: How to Make the Most Out of Social Security
By Bill Schmick,
03:09PM / Thursday, February 19, 2015
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Yes, it's complicated. Social Security benefits have been around since 1935 and, like taxes, have become increasingly complex through time. Most people are losing out because they don't understand the fine print. Starting today, you will, so read on.

For most of us, who haven't saved a great deal during a lifetime, Social Security benefits are about all we can depend on once we retire. In 2013, almost 58 million Americans received these benefits. Retirees and their dependents accounted for 70 percent of benefits paid, 19 percent went to disabled workers and dependents while survivors of deceased workers accounted for 11 percent of the total.  Although benefits have

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