Tag: Retirement Planning


May

01

2015

Don’t make these 4 Life Insurance mistakes!

Buying life insurance is a big decision, and one that should not be held lightly. I often ask clients the question, “If life insurance was FREE, how much would you own?” The answer I often get is, “Well, as much as I could!”  This tells me that people believe in life insurance, but don’t want to PAY for it! Like all insurance, it is best...

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Apr

22

2015

Don’t Make These Financial Relationship Mistakes

Statistics are showing that many Americans are marrying at later ages. The median age for first marriages in the United States is 27 now for women and 29 for men according to Pew Research, compared to 20 for women and age 23 for men in 1960. Although the divorce rate in the US has declined (yes, hard to believe, but according to the CDC this...

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Apr

10

2015

Is The Average Retirement Age Increasing?

Many Americans appear to be giving up on retirement. It’s a sad fact, but there is evidence that seems to back this up. According to a recent poll by the Associated Press, from 2012 to 2014, the average actual retirement age among retirees rose from 59 to 62. Another recent study from Gallup projected that 80% of Americans over 50 will continue to work longer....

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Apr

02

2015

“College or Retirement? Resist the Urge to Sacrifice Your Future”

I know this may come off as mean and unthinkable, but I really think parents need to spend less time worrying about their children’s futures and more on their own. With pensions evaporating before our eyes and many people woefully underfunded for retirement, this should be a cause for alarm. Yet, a new study by T. Rowe Price1 surveyed 2,000 parents in December 2014 and found...

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Mar

25

2015

NASDAQ 5000! Why You Shouldn’t Care…

The NASDAQ closed above 5000 on March 2nd, 2015. Why should we care? Well, really we shouldn’t. A little history lesson should help. The NASDAQ was created by the National Association of Security Dealers (NASD) in 1971. The term “NASDAQ” is used to reference the NASDAQ composite, an index of more than 3,000 stocks, mainly the technology and biotech sectors. In 1999, the NASDAQ hit...

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Mar

10

2015

Women & Money

A recent study by Fidelity Investments came to some startling results. The study was conducted over a 4 week period in October 2014 and focused on American women ages 18+ who were employed and had a qualifying retirement plan. Of the 1,542 women surveyed, 80% confessed to refraining from talking about their finances. However, 92% of the women surveyed stated they wanted to learn more...

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Mar

05

2015

Are you inspired or scared? A case for optimism…..

“Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than have been lost in the corrections themselves.” -Peter Lynch, legendary investor and author Investing can be such a rewarding and enjoyable experience; yet many of us are completely terrified with the idea and don’t quite understand how it really works. We have this unrealistic expectation that we can’t...

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Feb

23

2015

How Safe Is Your 401k?

Without question, 401(k)s have been the main source of retirement planning for investors the last 30 years. In 1980, an addition to Internal Revenue code allowed employers to offer a way for employees to set pre-tax money aside for their retirement, with matching contributions as well. This has been the way mainstream America has set money aside for retirement. As a matter fact, it has...

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Feb

16

2015

Knowing Your RMDs

Congratulations!! You’ve saved and saved and have built up a very nice retirement nest egg. Unfortunately for you, all your money was tied up in qualified plans. When you turn 70.5, the IRS wants some of your money….Well, in a way. Required Minimum Distributions (RMD) begin at 70.5 and there are certain pitfalls and common mistakes you should avoid. It’s a common belief in our...

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Jan

30

2015

5 Things to do Before You Retire

1. Rethink Your Investment Strategy:  The past 30 years you have been in the accumulation stage, now you are in the distribution phase. Growth is still important, but more emphasis should be on income and keeping pace with inflation. 2. Review Your Estate Plan: Make sure your will and trusts accurately reflect your new style of life. You would be amazed how many people we...

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