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Money-Saving Vacation Tip

Planning on hitting the road this summer? You may be able to save money on your transportation if you’re willing to a little searching.

There are companies that need to move vehicles (even RVs) from one location to another. Now, these are one-way trips, so you may have to find other ways to get yourself back home, but it’s worth investigating.

Some sites you may want to visit:
transfercarus.com
thriftynomads.com
imoova.com

Important legal stuff: BoomtownAmerica.com is not affiliated with nor does it endorse any of these websites. We advise you check things out for yourself and as always, make sure you read the fine print or consult with an expert before you enter into any agreement.

Do You Really Need Rental Car Insurance?

With Memorial Day weekend here, it's the start of vacation season! If you're planning on renting a car when you reach your destination, the rental company is sure to try and sell you rental car insurance. Do you really need it?

In a lot cases, the answer is no!

If you own a car and have car insurance, many of those policies automatically cover you when you're driving a rental car. Check with your insurance company before you take your trip and see if you're covered!

Managing Your Money Manager

A few years back, the Department of Labor issued new rules to help protect consumers from money managers who were acting in their own best interest first and your interests second.

Now those rules may be repealed. Here are the steps you should take with anyone to whom you’ve entrusted your money:

  1. Ask that person to state in writing that they will act as a fiduciary at all times. The term “fiduciary” is a legal one. It means, under penalty of law, the fiduciary must always put your interests before any other in their financial dealings.

Just because someone calls themselves a “financial advisor” or “wealth manager,” it doesn’t mean they are legally a fiduciary. Often, the people will place your money into funds that pay them a higher commission or a bonus. It’s good for the advisor’s bank account, but my not be good for yours.

  1. Always ask your advisor to provide you with all of the costs and fees associated with any given investment. And again, make them do this in writing. What you want is a good faith estimate of what you’ll wind up paying in direct fees or sales commission.
  2. If you can find one, choosing an advisor who simply charges a flat fee may be preferable. Of course, always consult with your lawyer or other financial professional before taking any steps. And be advised that advisors who charge a flat fee or set percentage of the assets they will be managing can be more expansive that paying those direct fees and/or sales commissions. But the idea here is that a flat fee advisor has no financial interest in recommending one investment over another, besides helping you to get the best return so they will remain your advisor.

There's Gold in That Old Cell Phone!

We all know how fast tech devices seem to age. But don’t just chuck them out. There is a market for older cell phones, tablet, laptops and the like.

Online sites like uSell and Gazelle will buy your items, saving you the trouble of finding a buyer. Best Buy, Apply and Target will exchange your old devices for gift cards. Other sites like Swappa and Glyde will let you list old items for sale for a percentage of the sale price.

While newer and better conditioned items will fetch higher prices, there are buyers out there for older and somewhat damaged goods as well.

But remember! Make sure you wipe the device of any personal information before you sell it!

Unsafe Deposit Boxes?

Think that collection of rare coins or the family jewels are safe in a safe deposit box? Maybe not.

More than 50,000 of them have suffered losses due to burglary, fire, floods and tornadoes!

Fortunately, there are specialty insurers that will cover the contents of safe deposit boxes. Do a little research online and see if one might be right for you.

What was the name of Rootie Kazootie's dog?

Gala Poochy
O'RyanCordes Marketing