What Type of Investor Are You?

What Type of Investor Are You?   Each person is unique. We are composed of many variables, such as genetics, family influence, geographic influence and even the birth order among siblings – a veritable combination of the forces of biology and society.1 So when it comes to managing your finances, the debate isn’t about nature versus…

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Monitoring Insurance Needs Is a Good Policy

Monitoring Insurance Needs Is a Good Policy   Life insurance is something you purchase, then hopefully don’t need to use until many years down the road. But that doesn’t mean you should stop paying attention to it. As you age, it’s important to monitor the policies you own. Some policies may no longer be needed,…

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IRS News to Know

IRS News to Know   As we head into the final quarter of 2017, it’s a good idea to stay cognizant of any tax issues that may affect your finances come April 2018. Now is the time to review your investments and income distribution plans to help ensure you don’t trigger additional taxes or penalties…

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Gender Disparities in Retirement

Gender Disparities in Retirement   Everywhere we turn, it seems, there’s an article or newscast about how women are at an economic disadvantage, especially regarding lower wages. Just imagine how much more women could contribute to economic growth if such disadvantages were eliminated. But we want to work toward counteracting some of those challenges, particularly…

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Legislative Updates

Legislative Updates   With so much attention focused on the rifts among and between political parties and the news media, it may seem as if little actual legislation is making its way through our democratic process. However, while President Trump’s major initiatives – Affordable Care Act repeal, tax reform and infrastructure improvements – haven’t been…

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70% of people need Long Term Care

You know how difficult it is to think about things like illness and death. And yet all of us will be affected by aging and declining health at some point, whether it’s concern for our own well-being or for those we love. According to the U.S. Department of Health and Human Services, 70 percent of…

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Assessing Risk in Retirement Income

Assessing Risk in Retirement Income   When it comes to investing, there’s no such thing as a “safe bet.” Every type of financial vehicle has some level of risk, even checking and savings accounts. Back in the 1920s, people believed that the safest place to keep their money was a bank, and they were right.…

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Death and Taxes

Benjamin Franklin said there were only two things certain in life: death and taxes. But did you know that ignoring the tax impact of retirement distributions may affect your standard of living? For tax-efficiency, it’s helpful to have several kinds of accounts — from fully taxable to tax-deferred (such as a 401(k) plan) to tax-free (like…

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Retirement Stages

Retirement Stages   What’s so difficult about planning for retirement? You save; you retire; you spend. If only it were that straightforward. Today’s pre-retirees and retirees have so much more to consider. Longer lifespans mean longer exposure to the possibility of inflation eroding your purchasing power. And then there are these concerns: The global economy…

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Retirement Concern #1

You know what a big undertaking it is to plan and save for retirement — and that’s why many Americans put it off. As a result, some people get stuck working more years than they planned or retiring with a lower standard of living. According to a 2015 Transamerica study, 43 percent of Americans 50 and…

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