Investing & Retiring

You Can’t Decide Without Facts When should you claim your Social Security benefits? Should you claim them on your own work record or on your spouse’s work record? Those relatively simple questions can become very complex in certain cases. Fortunately, there are Social Security Administration (SSA) offices throughout the nation with staff waiting to help.
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War is coming. This one will not be a traditional type of war. This conflict will be fought inside the borders of the United States, between foes of different birth-years armed with little more than outrage and hyperbole. The point of this war isn’t land or power. The purpose of this battle is to affix
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You’ve been presented with a free trial offer for a product or service that you find interesting. Why wouldn’t you take advantage of it? The Federal Trade Commission (FTC) warns you to proceed with caution, because some free trial offers can be misleading and cost you significant money in the long run. Legitimate free trials
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How much money will you need to retire? Financial advisors have frequently recommended a $1 million nest egg for a comfortable retirement, but there’s no one-size-fits-all magic number. Have you ever figured out how much money you’ll need? According to our new survey, you haven’t. How much money will you get when you start collecting
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By Kelly Hartog “…I think it says a lot about the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B (billion) market cap.” That was written by Jackson Palmer, the co-creator of Dogecoin, a parody cryptocurrency — named for
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Super Bowl LII (52 to you non-Romans) will take place at U.S. Bank Stadium in Minneapolis on Sunday, February 4. We could have had the Jacksonville Jaguars in their first Super Bowl appearance facing the Minnesota Vikings as the first team to ever play a Super Bowl in their home stadium – but neither team
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The 2017 Tax Cuts and Jobs Act will bring significant changes to individual taxpayers, but states will also be affected by some of the law’s provisions. The limitation on deductions for state and local taxes has grabbed the most headlines, because by definition, it affects taxpayers in states with high property values and high taxes
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A Million Ways to Retire, 292 Ways to Plan for It America’s strategies for retirement run the gamut, from meticulously planned to none at all. Hopefully, your plan is more detailed than lottery tickets and blind luck – but what’s the best strategy for you? Is there even such a thing as a preferred retirement
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As can be seen from yesterday’s example, an individual desiring $4,000 of monthly net income in retirement can need in excess of a $1,000,000 retirement portfolio to supplement his or her Social Security and pension income. As can be verified by this calculation, there are many factors to determining the retirement “nest egg” that must
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I find when meeting with individuals for the first time that they typically have no idea how much they will need to be able to retire. The typical answer of $1 million is absolutely worthless since everyone has different income requirements and different income sources that must be added into the equation when determining when
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Millennial Retirement Idealism How will millennials do in retirement? Very well…or so they think. A recent survey by Aperion Care on millennials and aging found that many millennials have fairly ambitious – and, in some cases, unrealistic – expectations regarding their golden years. Millennials expect to live to age 81 on average – which is
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What sort of structure makes the most sense for your small business – a corporate structure or a sole proprietorship? If neither structure fits you well, perhaps the best choice for you is a Limited Liability Company (LLC) – a structure that represents a middle ground between a regulated corporate structure and a simplified sole
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More Savings, More Debt Do you participate in a 401(k) plan at work? If so, were you automatically signed-up by your employer? A new study suggests that if you were auto-enrolled in the plan, you may be accumulating more debt – but that may not necessarily be a problem. Whatever… Just Sign Me Up Policymakers
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Do you consider yourself a financial risk-taker? If so, what is the standard that you use to analyze risk? If you don’t fully understand risk, you may be looking at the wrong criteria to make the best financial decisions for you and your family. A recent survey by AMG Funds suggests that very few investors
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You may manage your money well, but do you also manage the bank that holds it for you? If not, you may be missing out on useful services and products, or paying more than necessary to receive them. Consider these tips that can help you to use your bank more wisely. 1. Shop Around –
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Cash flow sounds like a relatively simple concept, and in some ways it is, but poor cash flow management can take down a small business. Cash flow is equally critical for households. If you miss a paycheck when bills come due and you have no reserve funds available, you will incur losses in terms of
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