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retirees with grndkids

Top 5 Goals of Retirees

Middle-income retirees (those with a household retirement income of $25,000 to $75,000 per year) were asked to rank the top 5 goals they want to accomplish over the next three years.  Here’s how their top goals stack up: More travel before it’s too late, perhaps to Asia or South America Stay healthy enough to stay out of a nursing home Stay […]

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Coffee Shop Owner

Small Business Owners Working Harder to Succeed

Many Americans dream about having their own business, but that independence doesn’t always come easy. To succeed in today’s “unpredictable economy,” many small business owners have had to reinvent themselves and change the way they do business over the last five years, according to the recently-released Reinvention of Small Business Study, conducted by Sage North America,  a leading provider of business management software and […]

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party hats

Bond Party Coming To An End … Sometime

Bonds have enjoyed a strong, thirty-year bull market, but is that run soon to reach its end? The signs are certainly pointing in that direction. Interest rates have been on the decline since the early 1980s, but will eventually turn around and head up. That’s not good for bonds, as the prices of existing bonds […]

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live to 100

“Planning for Retirement? Plan to Live to 100”

“Planning for retirement? Plan to live to 100” Do these headlines fill you with dread (Oh no, please tell me I won’t still be around at 100!) or excitement (Great! More time to fit everything in!)?  Take a moment to follow this link to a thought-provoking article by Robert Powell, “Planning for Retirement? Plan to live to 100,” posted April […]

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live-long-and-prosper

Ready or Not: Calculating How Long You Might Live

Your life expectancy can have a huge impact on your financial planning.  In a separate blog article, we talked about how it’s so important to make sure your money lasts as long as you do, and nowadays, that means possibly to age 95 or 100. If you know you’re likely to live to a ripe old age, […]

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Social Security

Preparing for Retirement? A Financial Advisor Can Help

We all know what a critical time retirement can be.  Today’s retirees may spend thirty years or more not working.  That’s a heavy burden to place on your nest egg.  Take out too much, and your savings will run out.  Take money from the wrong account, and you’ll pay for it at tax time.  That’s why […]

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Business-Owners

No Excuse For Your Small Business Not To Offer a Retirement Plan

  There is definitely a problem in the small business world.  About 65% of all U.S. businesses are small businesses.  Only 29% of those have retirement plans.  The remaining 71% of small businesses offer no formalized way for employees or employers to save for the future, meaning they are dependent on Social Security and, at most, $5,000 per […]

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health_costs

Quote of the Week: Health Care Costs in Retirement

A 65-year-old couple who retired in 2011 can expect to spend an average of $230,000 on health care services not covered by Medicare, not including any additional expenses for nursing home care, during their retirement. Fidelity Benefits Consulting, March 31, 2011

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golden egg

Time is Running Out To Fund Your IRA …..

Don’t Forget …. You have only until Tuesday, April 17 to fund your Traditional IRA or Roth IRA account for the 2011 tax year.  This is a “use it or lose it” opportunity to put money where the IRS won’t tax it for many, many years, or will never tax it, in the case of Roth IRA […]

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piggy bank many hands

5-Minute Fix: Are You Saving Enough to Meet Your Goals?

No time to spare?  Don’t worry.  The “5-Minute Fix” shows you how to have a big impact in your financial life with just a little time. Okay.  So you are putting away a little bit of money every paycheck into your 401(k).  Or maybe you contribute to your Roth IRA.  But how do you know if it’s enough? […]

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