Tag Archives | retirement
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Digital 401(k) Statements Save Trees, But You Still Have To Read Them

Most employers nowadays are eco-friendly. Instead of mailing you a quarterly 401(k) statement, like they did in the old days, they email the statement to you or make it available to you digitally through a workplace portal. We’re all for saving trees. But, any statement, whether emailed or paper, doesn’t do you any good if […]

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Retiring Soon? Why Contributing To Your Traditional IRA For 2020 Could Be A Smart Move

Confused as to whether a Roth IRA or Traditional IRA might be best for you? Mari talked with Kiplinger’s Personal Finance magazine about  how to choose between a Roth or Traditional IRA. The first thing to know is that the contribution limit of $6,000 is unchanged from 2019 (you can contribute an extra $1,000, for a […]

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Take A Retirement Test Drive

Getting ready for retirement? Some people prefer to make an abrupt transition into retirement. One day they’re working, the next day they’re done forever. Others like to ease into it and kick the tires first. We talked to financial writer Alina Tugend of Kiplinger’s Personal Finance about the pros and con of taking a retirement […]

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Top Reasons For Working Past 65

Older Americans are living longer than ever. So it should be no surprise that many plan to continue working into retirement to keep busy and stay mentally fit, reports Jacqueline Sergeant for Financial Advisor magazine. By 2026, almost 1/3 of all individuals in the 65-to-74 age group are projected to be gainfully employed, according to […]

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IRA Contribution Limits Stuck At $6k Next Year

Sorry! IRS says IRA contribution limits will NOT go up for 2020. They stay at $6,000 total for your Traditional or Roth IRAs ($7,000 if age 50 or over). Financial Tip: If you’re eligible to contribute, make sure you do so. Those annual contributions can add up to big amounts over a lifetime.

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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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2019-10 Social Security Invite

You’re Invited October 23 – Maximizing Your Social Security Income

If you’re between the ages of 55 and 70, please consider joining us on October 23 for a special educational workshop on maximizing your Social Security benefits. Space is limited, so call early to reserve a seat. Most people count on Social Security for a significant portion of their retirement income, so learn how to […]

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Downsizing In Retirement: Tips To Make It Work For You

We can’t begin to tell you how many clients are calling us to say they’re thinking of downsizing. They want to talk to us about their plans for buying a new home and changing their lifestyle. Our job is to make sure they can afford to do everything they’re dreaming about. But here’s the surprise. […]

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Why Retirees Are Losing Trillions Of Dollars With Bad Social Security Advice … But Not Our Clients

We’re sorry to hear that American retirees are losing $3.4 trillion in potential retirement income by making bad decisions about when to start their Social Security benefits. Not our clients. As part of our retirement services, we help clients explore different options and optimize claiming strategies so they get the most bang for their buck. In […]

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Changes To Your IRA On The Way? Not All Of Them Are Good

If it’s up to the Congress, there may be some major changes to your IRA before the end of the year. And not all the changes are good. The House has passed the SECURE (Setting Every Community Up for Retirement Enhancement) Act. It’s now up to the Senate to consider the bill, which has been […]

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