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Thursday, May 17, 2018

Beware of Lifestyle Creep Sometimes more money can mean more problems. “Lifestyle creep” is an unusual phrase describing an all-too-common problem: the more money people earn, the more money they tend to spend. Frequently,...

 

Thursday, May 10, 2018

Set Goals as You Save & Invest Turn your intent into a commitment. Goals give you focus. To find and establish your investing and saving goals, first ask yourself what you want to accomplish. Do you want to build an emergency fund?...

 

Thursday, May 3, 2018

Adjusting Your Portfolio as You Age As you approach retirement, it may be time to pay more attention to investment risk. If you are an experienced investor, you have probably fine-tuned your portfolio through the years in response to...

 

Thursday, April 26, 2018

Smart Financial Steps After College A to-do list for the twentysomething. Did you recently graduate from college? The years after graduation are crucial not only for getting a career underway, but also for planning financial progress....

 

Thursday, April 12, 2018

Are Your Beneficiary Designations Up to Date? Who should inherit your IRA or 401(k)? See that they do Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity? You may be saying,...

 

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Thursday, April 5, 2018

Why Life Insurance Matters for New Homeowners It addresses a significant financial risk. If you buy a home and you have no life insurance, there is a financial risk. It may not be immediately evident, but it must be acknowledged...

 

Friday, March 23, 2018

Catching Up on Retirement Saving If you are starting at or near 50, consider these ideas Do you fear you are saving for retirement too late? Plan to address that anxiety with some positive financial moves. If you have little saved for...

 

Friday, March 16, 2018

Are Your Beneficiary Designations Up to Date? Who should inherit your IRA or 401(k)? See that they do Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity? You may be saying,...

 

Friday, March 9, 2018

Investing in Your Beliefs Is your investment strategy as socially and environmentally conscious as you are? It’s not uncommon – Many a well-educated, socially conscious, environmentally friendly investor winds up buying...

 

Tuesday, February 27, 2018

Here’s a number most people would like to see on an annual statement: 21.6 percent. That was the annual return for the Standard & Poor (S&P) 500 Index during 2017. In general, U.S. stock indices did quite well last year – and the year...

 

Thursday, February 15, 2018

Keeping This Correction in Perspective After 20 months of relative calm, this volatility needs to be taken in stride. Are you upset by what is happening on Wall Street? It may help to see this pullback within a big-picture context....

 

Monday, February 12, 2018

If you’re looking for a gift that will express your love better than chocolates or a bouquet of flowers, don’t fret. Trendhunter.com has some innovative and unconventional suggestions:• Literary love tattoos. Perhaps, you’d like Rainer...

 

Friday, February 9, 2018

Why Having a Financial Professional Matters A good professional provides important guidance and insight through the years. What kind of role can a financial professional play for an investor? The answer: a very important one. While...

 

Friday, February 2, 2018

For Retirement, Income Matters as Much as Savings A recent poll of pre-retirees suggests that truth risks being ignored. Steady income or a lump sum? Last year, financial services firm TIAA asked working Americans: if you could choose...

 

Tuesday, January 30, 2018

Here’s a riddle for you: Some people are reluctant to start me, unless I’m automatic. I’m frequently exhausted when I don’t roll over. I’m sometimes left behind. Retirees devour me. What am I? Answer: A retirement savings plan.New jobs...

 

Thursday, January 25, 2018

Retirement Questions That Have Nothing to Do With Money Think about these matters before you leave work for the last time. Retirement planning is not entirely financial. Your degree of happiness in your “second act” may...

 

Thursday, January 18, 2018

Think Total Return Never touch your principal in retirement? Think again. More than a century ago, an American financial archetype emerged – the household that lived on the interest earned by its investments, never touching its...

 

Thursday, January 11, 2018

Most Americans know Martin Luther King, Jr. was a Baptist minister and the leader of the Civil Rights Movement in the United States until he was assassinated in 1968. Test your knowledge with this quiz about Dr. King.1. Before...

 

Thursday, January 11, 2018

The Risk of Being a Suddenly Single Woman Contending with the possibility of widowhood. On average, women outlive their husbands. According to the Social Security Administration’s estimate, the average 65-year-old woman will...

 

Thursday, January 4, 2018

The Many Benefits of a Roth IRA Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning...

 

Wednesday, January 3, 2018

Fifteen years ago, a Health Services Research report described the challenges ahead for the United States as the Baby Boom generation aged into retirement. Four issues were paramount: 1) improving payment and insurance systems for...

 

Thursday, December 28, 2017

The last bear market in bonds began in the middle of the last century and lasted for about 31 years. Some investors who bought bonds in 1950 locked in relatively low rates of return for a very long time. On January 1, 1950, 10-year U.S...

 

Thursday, December 28, 2017

New years bring new adventures, and 2018 is no different. To paraphrase Ed Sullivan: 2018 could be a really big year. Here are a few of the events we can look forward to:• Men’s World Cup in Russia. CBS’s power rankings put Brazil at...

 

Wednesday, December 20, 2017

“The holidays are often seen as a time of joy: ruddy cheeks, festive parties, and twinkling laughter, all wrapped in a warm, tinsel-framed glow. It’s the most wonderful time of the year! It may be the ‘season to be jolly,’ but not...

 

Monday, December 18, 2017

Year-End Charitable Gifting What should you keep in mind as you donate? Are you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves...

 

Thursday, December 7, 2017

Should We Reconsider What “Retirement” Means? The notion that we separate from work in our sixties may have to go. An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he...

 

Thursday, November 30, 2017

When Will the Business Cycle Peak? As the recovery lengthens further, this is a natural question to ask. This decade has brought a long economic rebound to many parts of America. As 2017 ebbs into 2018, some of the statistics regarding...

 

Wednesday, November 29, 2017

There is a simple and unsettling reality in the United States. Most Americans are not financially prepared for retirement. There is a simple and unsettling reality in the United States. Most Americans are not financially prepared for...

 

Sunday, November 19, 2017

Thanksgiving is the mother of all family dinners. It’s a celebration of our great nation and the many blessings that occur when people unite together in the spirit of communication. As you’re gathered around the table this year, here’s...

 

Thursday, November 16, 2017

Refrain from Tapping Your Retirement Funds Resist the temptation. Your future self will thank you. Retirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the...

 

Wednesday, November 8, 2017

All too often, we assume the men and women who fought for our country can take care of themselves. Unfortunately, that isn’t always the case. There are some important ways ordinary Americans can help those who are returning from battle...

 

Thursday, November 2, 2017

Life Insurance Is Probably Cheaper Than You Think Good news for those apprehensive about the premiums – and the process. According to a new study, 41% of Americans lack life insurance coverage. The 2017 Insurance Barometer Study,...

 

Monday, October 30, 2017

Retirement and Social Security are inextricably linked. Not only did Social Security help establish the official U.S. retirement age at 65, it also provides a significant portion of today’s retirees’ incomes. Retirement and Social...

 

Monday, October 30, 2017

Halloween is almost upon us! Whether you’re wearing a costume, decorating your yard/house, or handing out treats, you won’t be alone. More than 179 million Americans are expected to participate in 2017’s Halloween festivities – and...

 

Thursday, October 26, 2017

Are There Blind Spots in Your Insurance Plan? Deficient coverage may cost you someday. Many households and businesses are insufficiently insured. The problem is not necessarily the quality of coverage, but the breadth and depth of it....

 

Friday, October 20, 2017

Retiring Before 60 If that is your dream, explore whether these steps could be useful to take. How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that...

 

Thursday, October 5, 2017

Will Debt Spoil Too Many Retirements? What pre-retirees owe could compromise their future quality of life The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently....

 

Thursday, September 28, 2017

How Much Should You Save By Age 30, 40, 50, or 60? What number should you strive to reach? It is agreed that the earlier you start saving for retirement, the better. The big question on the minds of many savers, however, is: “How...

 

Friday, September 15, 2017

How Millennials Can Get a Good Start on Retirement Planning Some simple steps may make a major financial difference over time. If you are younger than 35, saving for retirement may not feel like a priority. After all, retirement may be...

 

Thursday, August 31, 2017

Who Needs Estate Planning? Why it is so important and not just for the rich. You have an estate. It doesn’t matter how limited (or unlimited) your means may be, and it doesn’t matter if you own a mansion or a motor home....

 

Thursday, August 10, 2017

Preventing a Debit Card Hack How can you plan to protect yourself against this increasingly common crime? Debit card data theft has surged lately. According to FICO’s Card Alert Service, the number of businesses or ATM locations...

 

Thursday, July 27, 2017

Will You Really Be Able to Work Longer? You may assume you will. That assumption could be a retirement planning risk. How long do you think you will work? Are you one of those baby boomers (or Gen Xers) who believes he or she can work...

 

Friday, July 21, 2017

Should Millennials Be Your Money Models? Gen Y is doing some things right when it comes to saving & investing. Financially, Generation Y is often criticized for being risk averse & unaware. Is this truth, or is it fiction? In some...

 

Friday, July 14, 2017

Having the Money Talk with Your Children How much financial knowledge do they have? Some young adults manage to acquire a fair amount of financial literacy. In the classroom or the workplace, they learn a great deal about financial...

 

Thursday, June 29, 2017

It may not be what you think. How much will your family end up paying for college? Your household’s income may have less influence than you think – and some private colleges may be cheaper than you assume. Private schools...

 

Thursday, June 15, 2017

It’s Time to Talk About Aging We are all, inexorably, marching toward old age. By 2030, 72 million Americans will be age 65 or older.1 The good news is longevity has been improving, and people are remaining healthy and vibrant at...

 

Thursday, June 8, 2017

The Importance of Financial Literacy Too few Americans understand personal finance fundamentals. If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have...

 

Thursday, May 25, 2017

Beware of Emotions Affecting Your Money Decisions Today’s impulsive moves could breed tomorrow’s regrets. When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact...

 

Thursday, May 4, 2017

The 60-Day IRA Rollover Rule Will it apply to your retirement savings distribution? If you receive a distribution from your IRA or workplace retirement plan, what will you do with it? You will probably want to arrange an IRA rollover...

 

Monday, April 24, 2017

Key Estate Planning Mistakes to Avoid Too many people make these common errors. Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procrastination. While...

 

Monday, April 17, 2017

The following Stock Market Quiz is brought to you courtesy of Erin Tamberella at Executive Transformations. Thanks, Erin! Stock Market Quiz How many stocks were on the original Dow Jones Industrial Average? Where was the first U.S....

 

Thursday, April 6, 2017

When Someone Dies Without a Will Where do things proceed from that point? Every day, people die intestate. In legalese, that means without a will. This opens the door for the courts to decide what happens with their estates. When no...

 

Friday, March 31, 2017

Building an Emergency Fund Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can...

 

Monday, March 20, 2017

Medicare Premiums and Copayments More than one-half of working Americans know little or nothing about Medicare costs.1 Not knowing can be expensive. On average, people who haven’t yet retired estimate they’ll spend...

 

Friday, March 17, 2017

Managing Money Well as a Couple What are the keys in planning to grow wealthy together? When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as...

 

Monday, March 13, 2017

Little Things That May Help Your Retirement Saving Over time, these seemingly small factors could make a major difference. Saving for retirement takes decades and demands the investment of significant amounts of your income. As this...

 

Wednesday, March 8, 2017

The Many Benefits of a Roth IRA Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning...

 

Thursday, March 2, 2017

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from....