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Hey 401(k) Savers: You Can Contribute More In 2020

Good news for 401(k) savers! The IRS says you can contribute more to your 401(k) in 2020. Under 50? The savings limit will increase from $19,000 this year to $19,500 next year. Age 50 or over? The limit goes up from $25,000 to $26,000. Make sure to tell your employer to change your payroll deductions […]

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To Board That Plane, You’ll Need To Get “Real” With The “Real ID”

I was talking to someone the other day about the new Florida “Real ID,” and they said they had never heard of it. Oops. That could be a problem next year. You won’t be able to board a domestic flight without this newfangled ID. Never heard of it? You’re in good company. The New York […]

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Quote Of The Week: When Helping The Kids Digs You Into A Hole

Are you worried about carrying too much debt as you near retirement? That’s a common concern of many Americans. Beware of digging yourself into a hole with credit card debt, especially when that debt results from helping adult children enjoy a lifestyle they (and you!) really can’t afford. Here’s what credit experts say: “Older consumers […]

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Smile! It’s National Dog Week

Here’s something to put a smile on your face. It’s National Dog Week from September 22 though September 28. Whether you have a faithful furry friend of your own, or you’re just a doting Fairy DogMother who pampers the neighborhood pets, there’s always something to celebrate when there’s a dog in the house. Two out […]

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Throwback Thursday: Vinyl Sales Poised To Outstrip CDs

Have you heard the saying that everything old is new again? Here’s a case in point. Vinyl recordings are likely to outsell CDs for the first time since 1986, reveals a new mid-year report from the Recording Industry Association of America. Incredible but true. Vinyl sales are growing at over 10% per year, reports 361 […]

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Save Money In The Back-To-School Sprint

If you grew up in the North, you’re used to school starting after Labor Day. Welcome to South Florida, where August means daily afternoon downpours and back-to-school time for the kids. Families were out shopping for school supplies, backpacks, and in many schools, special uniforms, before classes started this week. The whole back-to-school routine is […]

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Ex-NBA Star: What I Learned From Financial Mistakes

Ex-NBA star Antoine Walker learned the hard way when his lavish spending ended up with him in bankruptcy. Now he teaches rising young athletes about financial literacy so they don’t make the same mistakes he did. Looking back, the former player for the Miami Heat and Boston Celtics said during an interview with ThinkAdvisor magazine […]

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Quote Of The Week: How Do You Measure Financial Success?

Advice that never goes out of style: “The true measure of financial success isn’t how much money you make—it’s how much you keep. That’s a function of how well you’re able to save money, protect it, and invest it over the long term.” Karen Hube, “10 Rules for Financial Freedom,” Barron’s, May 24, 2019  

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Overspending? Blame It On Social Media.

That selfie could be costing you more than you think. More than a third of Americans admit “their spending habits have been influenced by images and experiences shared by their friends on social media,” according to the 2019 Modern Wealth Survey, a research project sponsored by Schwab that interviewed 1,000 Americans on how they spend, […]

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Quote Of The Week: When Helping Adult Kids Hurts Your Retirement

“Parents are spending $500 billion annually to support their adult children — two times the amount they’re contributing toward their own retirement savings.” Betsey Guzior, “Parents contribute more to adult kids than retirement savings,” The Business Journals, October 4, 2018 The Takeaway: Almost 80% of parents provide some financial support to their grown kids ages […]

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