The Value of Double-Checking Your Retirement Strategy

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As you approach your “third act,” does it need to be adjusted? Motivational speaker Denis Waitley once remarked, “You must stick to your conviction, but be ready to abandon your assumptions.” That statement certainly applies to retirement planning. Your effort must not waver, yet you must also … [Read more...]

The A, B, C, & D of Medicare

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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. Parts A & B: Original Medicare. America created a national health insurance program for … [Read more...]

Are You Underprepared for Retirement?

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A university study serves as a wake-up call. Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about half of us are approaching our “third acts” with faulty assumptions. Perception differs from reality. Researchers from the … [Read more...]

2 Simple Ways To Rein in Your Debt

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As the Great Recession faded, American household debt gradually decreased. In fact, it declined by $1 trillion between mid-2008 and mid-2014, according to the Federal Reserve. Now household debt is increasing once more. The Fed found it climbing by $78 billion (0.7%) during Q3 2014. On the … [Read more...]

The U.S. Savings Bond Tax Trap

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Open that safe deposit box. See if your bond has matured. Did you buy U.S. Savings Bonds decades ago? Or did your parents or grandparents purchase some for you? If so, take a look at them before April 15 rolls around. Your bonds may have matured. That means they are no longer earning interest, … [Read more...]

Will Baby Boomers Ever Truly Retire?

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Many may keep working out of interest rather than need. Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to … [Read more...]

2 Simple Steps to Rehearsing for Retirement

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Try living as a “retiree” for a month or two before you commit to leaving your career. Imagine if you could preview your retirement in advance. In a sense, you can. Financially and mentally, you can “rehearse” for the third act of your life while still enjoying the second. Pretend you are … [Read more...]

10 Common Deductions Taxpayers Overlook

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Every year, taxpayers leave money on the table. They don’t mean to, but as a result of oversight, they miss some great chances for federal income tax deductions. While the IRS has occasionally fixed taxpayer mistakes in the past for taxpayer benefit, you can’t count on such benevolence. As a … [Read more...]

Social Security Survivor Benefits

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How do you claim them? How much can you receive? About 5 million widowed Americans get Social Security survivor benefits. If your spouse has passed, you may be eligible to collect them. This means that you could receive as much as 100% of your late spouse’s Social Security income in addition to … [Read more...]

2015 IRA Deadlines Are Approaching

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Here is what you need to know. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional IRA(s). *April 15 is the deadline … [Read more...]