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What “Guaranteed” Really Means in Personal Finance

When you hear, “It’s guaranteed,” what do you think of? Safety, reliability or predictability? Certainly these can all describe a guarantee. However, another side to any guarantee often isn’t immediately visible. Guarantees come with a cost: a higher price, lower return, less opportunity, loss of freedom or commitment. Certified Financial Planner, Rick Kahler, explains what a “guarantee” really means when it comes to your money and if a guarantee is worthwhile.

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