Resources

8 Key Steps to Planning for Retirement as a Couple

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Ready for retirement? Not so fast. You might be surprised at some of the issues that come up for couples when they plan.

When you make financial decisions as a single person, it’s all about what works for you. When you’re in a long-term relationship, though, that changes.

Couples, even if they keep aspects of their finances separate, still need to pay attention to ways to manage retirement planning together.

If you want to have a successful retirement as a couple, start taking the following steps now. Read More

10 Questions Retirees Often Get Wrong About Taxes in Retirement

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You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?

Retiring in 2021? 4 Moves to Make Today

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After working hard your entire life, you may finally be at a point where retirement is right around the corner. But retiring in 2021 won’t be like retiring in any other year. That’s because we’re still in the midst of a pandemic, and that could have a serious impact on both your finances and your general plans. With that in mind, here are four important moves to make if you plan to retire in the coming year.

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How to Retire in 2021

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Here’s what to do if you are planning to retire this year.

There’s more to financial planning than tending to an IRA. Try to make a budget that details your expected income from Social Security, pensions, retirement savings, other investments and part-time work. (GETTY IMAGES)

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Let’s Crush These 4 Retirement Myths in 2021

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Retirement planning is one of your most important life tasks, and it’s essential you make a realistic assessment of your financial picture in your later years. Unfortunately, far too many people believe some dangerous myths that could leave them woefully unprepared for life after leaving the workforce.

To make sure this doesn’t happen to you, ignore these four major retirement myths forever.

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Happy Data Privacy Day

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Happy Data Privacy Day

The January 28 event promotes best practices for protecting your data. Every January 28, at least 50 countries recognize Data Privacy Day, an event designed to raise awareness and promote best practices for protecting personal data. While the day falls but once a year, it’s important to embrace its recommendations and apply them daily whenever you are online. Below is a list of the most important steps you can take to prevent cyber criminals from stealing your personal information. Read More

Outlook for 2021

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As 2020 comes to a close, we are already looking forward to a new year—and to a world very different from the one we’re leaving behind. Areas of the economy have been damaged and may never fully recover, but other areas will adapt, reinvent, and help reinvigorate growth. Read More

Gift Card Scams

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Did you know that cybercriminals commit financial fraud by tricking people into buying gift cards and sending them the gift card information? This popular scam is a preference for cybercriminals because gift cards are an easy substitute for cash, they are easy to purchase, and once the fraud is complete it’s difficult to track down the scammer.

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Where There’s A Will, There’s Not Always An Estate Plan

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Estate Planning is more than just having a will, it is about planning for a good end of life. GETTY

 

When I ask retirees if they have an updated estate plan in place, I get a mix of responses. Some people recognize their estate plan is lacking, as millions of Americans either don’t have one or have an outdated plan that doesn’t align with their life anymore. Other people believe they have an updated estate plan, but even this group is mistaken. Their “estate plans” are really just wills. Read More

THE BENEFITS OF FINANCIAL PLANNING

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TAKE CONTROL OF YOUR FINANCIAL FUTURE

The pace and complexity of managing modern finances may leave some people unprepared to achieve a successful financial future. If you’re feeling less than confident about your future, having a well-prepared financial plan can help put you in control. To manage your income and expenses effectively throughout your lifetime, consider partnering with your financial advisor, who has the experience to help you create a plan that strategically addresses your unique goals and needs.

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A Quick Guide to Retirement Planning

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Getting ready for retirement requires consistent saving, prudent investing and successfully avoiding penalties and fees. You can build a nest egg faster if you take advantage of workplace retirement benefits and make optimum use of government programs, including Social Security and Medicare.

Here’s how to make a basic financial plan for retirement:

 

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The Dow Just Fell 1862 Points. Here’s How to Protect Your Investments Against Stock Market Volatility, Again!!

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It’s no time for investors to get complacent.

The S&P 500 may have erased its losses for the year earlier this week, but volatility returned with a vengeance on Thursday afternoon, with the Dow plunging more than 1,500 points. Uncertainty remains over how the coronavirus may play out in months to come -– and what that will mean for the market going forward. It’s a good time to make sure your portfolio is in order.

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Pandemic creates pension plan tension: Take the lump sum or trust lifetime payments

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KEY POINTS

  • The number of pension plans dropped to about 46,700 in 2017, from 103,000 in 1975.
  • During the same time,  defined-contribution plans such as the 401(k) grew to 662,800, from 207,700.
  • If you’re leaning toward choosing guaranteed lifetime income by remaining in the plan instead of taking the lump-sum offer, be sure you have confidence in your employer’s long-term viability.

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‘Bankrupt in Just Two Weeks’: Individual Investors Get Burned by Collapse of Complex Securities

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William Mark lost nearly all of the $800,000 he put into ETNs.© Aaron Vincent Elkaim for The Wall Street Journal 

 

When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer decided to bet on a complicated product he hoped would deliver double-digit annual returns. Read More

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