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RICHARD DREW / AP

October is historically a volatile time for the stock market and these past few days have been no exception. Among the market worries this month are a number of geopolitical flashpoints including U.S.-China trade talks and the U.K.'s looming deadline to leave the E.U., coupled with weakening U.S. consumer confidence. Many signals suggest a recession could come sooner rather than later.

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After being passed down through generations, a shiny bronze medallion attached to a rainbow-colored ribbon is now being melted into a bell honoring veterans. The World War I Victory Medal and other military coins, awards and dog tags were donated by veterans and family members across Minnesota for the Spirit of Minnesota Tribute Bell being cast this week at The Verdin Company in Cincinnati.

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A recent article in Marketwatch points out the high cost of financial illiteracy, $200 billion in the last 20 years as people made poor investment decisions, ran up credit card debt or made poor choices about borrowing money.

The Founding Fathers And Our Financial System

Jun 26, 2017
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With the Fourth of July coming up next week, we take a look at the world of finance through the eyes of our country’s founders – a “Founding Fathers Finance Party,” so to speak.

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Not so long ago the Medicare federal health insurance program was relatively simple. Most Americans were more or less automatically enrolled in the program at age 65. Nowadays, Medicare has become vastly complicated, with different enrollment periods, different plans, and lots of other variables at play. Make a mistake in any of these areas and it can cost you money, aggravation, and lost chances to get the best health care.

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Many of us think we need to wait until our kids are old enough to “get it” before having the money talk. But research shows you actually can start the conversation much earlier. The research also shows the biggest influence on a child’s financial behavior is mom and dad. So, when and how do you start?

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Disruptive startups versus Blue Chip companies. Dave Knox calls this competition the new game of high-stakes business. 

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From balancing your checkbook or monitoring your credit score to finding a new job or adjusting your investment allocation, there are several steps you can take now that will help improve your financial situation over the next year and years to come.

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Political pundits aren't the only ones following this year's elections, investment professionals also have reason to closely monitor the polls and likely outcomes of the races for the White House and both houses of Congress. 

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The College Board reports the average cost of tuition and fees in the 2015-2016 school year topped $9,400 for state residents at public colleges. It was $23,893 for out-of-state residents attending public schools, and $32,405 for students going to a private university. 

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At least 14 states have banned high-interest payday lending, but providing these short-term, high-interest loans is still a multi-billion dollar industry in the United States. 

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"Don't put all of your eggs in one basket." Sound advice for anyone with an investment portfolio, including a retirement account. Financial experts recommend diversifying the types of assets you hold and the companies and industries you invest in to minimize risk.