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Understanding Your Time Horizon

One of the keys to successful investing is making sure your investments are well-matched to your time horizon. For example, if you have a short-term goal, like buying a house in two years, you need to invest differently than if you’re planning for a long-term goal like generating monthly income throughout retirement. Unlike in the […]

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The Roth IRA Turns 20!

Twenty years ago, the Roth IRA was invented. Not familiar with the Roth? This is a great type of retirement account that allows your money to grow tax-free for decades. (And how many other accounts can you say that about?) The only bad thing we can say about a Roth IRA is that some people […]

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Quote Of The Week: Enjoy The Holidays Without Guilt

Here’s some good advice from financial columnist Jane Bryant Quinn just in time for the holidays. Jane reminds retirees and others living on a budget that it’s always important to make good decisions and monitor what they spend, but there’s no need  to “sacrifice needlessly.” “There’s no harm in spending even more of your disposable income […]

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If Your 401(k) Could Talk, It Would Say “You’ve Come A Long Way, Baby”

It’s a milestone symbolizing how far women have climbed up the professional career ladder. The share of female 401(k) millionaires, or women who have amassed sums of $1 million or more in their retirement plans has doubled, observed Tara Siegel Bernard, writing in the New York Times just after Thanksgiving. In research conducted by Fidelity […]

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Quote Of The Week: Successful Women Still Put Their Own Needs On The Back Burner

“Just because a woman has a lucrative profession, a desk in the C suite or a thriving business doesn’t mean she has her personal and estate planning in order. In fact, she may be more likely to put this on the back burner given the multiple demands on her time. Women frequently put themselves last, especially […]

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Don’t Trip Up On IRA Rollovers

It’s gotten harder to avoid making expensive mistakes when rolling funds from one IRA account to another. You can still take funds out of your IRA and put them back into the same or another IRA within 60 days, but new rules make it much easier to trip up and get stuck with an unexpected […]

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The End Of The 401(k) As We Know It?

We’re keeping a cautious eye on Washington, as Congress floats various tax reform proposals that would change the 401(k) as we know it. One proposal would cap deductible 401(k) contributions at $2,400 (versus $18,000 today). Workers would still be allowed to save, but might need to do so in a Roth-type 401(k) or a non-retirement […]

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Hot Off The Press! 401(k) Limits Increase In 2018

Hot off the press! If, like most American workers, you participate in your employer’s retirement plan, you’ll want to know that the amount you can stash away is set to climb in 2018. The new limits affect contributions to 401(k), 403(b) and 457 plans. Next year, you can contribute $18,500 to your 401(k) — up […]

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Room At The Inn: How Baby Boomers Over 60 Are Forging New Careers As Airbnb Hosts

Baby boomers in their 50s and 60s are finding their newest gig in a surprising place. They’re supplementing their income by hosting visitors in their own home using services like Airbnb. For some, it’s all about the money. Earning extra income by renting a spare room can make the difference between keeping their home or […]

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Social Security Set For 2% Increase

Do you receive Social Security benefits? If so, your check will rise 2 percent in 2018, the biggest cost of living adjustment (COLA) in years (you may remember that 2017’s raise was a skimpy 0.3% and 2016’s was zero). For the typical Social Security recipient, that translates into a $27 per month raise. But before you […]

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