Tag Archives | retirement
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Retiring? Avoid This Big 401(k) Rollover Mistake

Three-quarters of retirees “de-risked” their portfolio by reducing stock exposure when they quit working and rolled their workplace 401(k)s to an IRA. The de-risking dilemma That may seem like a good idea. But unfortunately, in some investment environments, making big, sudden changes to your fund mix at retirement can be a major mistake, according to […]

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More 401(k) Millionaires Than Ever

Baby boomers are joining the ranks of the million dollar retirement club in record numbers, thanks to powerful growth in market values over the last decade. Fidelity Investments says the number of customers with 401(k) accounts totaling over $1 million in value exploded by 84% over the past twelve months, while IRAs of similar value […]

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4 Facts To Understand So You Don’t Outlive Your Savings

Retirement today is a whole new ballgame, and it might run a few extra innings. That may not be the best sports analogy, but it’s one of the main takeaways from an online conversation sponsored by Barron’s with gerontologist and aging expert Ken Dychtwald, CEO and founder of Age Wave. Dychtwald is a prolific writer and […]

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How To Protect Your Nest Egg From Inflation

Thank you again to CNN’s Jeanne Sahadi for the chance to talk about how to protect your nest egg from inflation and why there is no age at which you can say, “I don’t need growth.” Today’s budding inflation fears remind us how a well-designed portfolio can help protect us from the effects of rising […]

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Quote Of The Week: Explaining The Impact Of Inflation To Clients

“By failing to adequately explain how inflation, compounded over time, significantly reduces spending power, we leave people vulnerable to the false assumption that the income they have today will still be adequate in 10 or 20 years. This is especially dangerous for people living on fixed incomes.” Sarah Newcomb, behavioral economist at Morningstar, “Explaining inflation […]

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Thinking Of Relocating? Consider Doing A Test Drive First

The move is on. The number of Americans planning to move in 2021 seems to be reaching all-time highs. Americans relocating in record numbers About 14% of Americans move in a typical year, according to Neighbor, an online company offering consumers peer-to-peer storage solutions. But the company says over half of people surveyed say they […]

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Quote Of The Week: Maximizing Your Social Security

Bet you don’t think of Social Security as a big deal, but it is. For most of our clients, Social Security benefits provide only a portion of their retirement income needs, but understanding how Social Security works and picking the right claiming strategy can results in tens of thousands of dollars more in benefits over a […]

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Congress Proposes To Raise RMD Age ….. Again

Our clients are just getting used to the idea that they don’t need to start Required Minimum Withdrawals (RMDs) from their IRA and retirement accounts until age 72. And guess what? Congress is at it again. The powerful Ways and Means Committee in the House of Representatives is working on Secure 2.0 (full name – […]

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Dwyane Wade’s Smart Moves To Manage His Money

Dwyane Wade may have made more than $196 million during his NBA career with the Miami Heat and other teams, but he still sticks to a budget. The media is full of stories about celebrities and pro athletes who can’t handle their money, so Wade’s experience shows us it doesn’t have to be that way. […]

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Quote Of The Week: Making A Successful Transition To Retirement

What’s involved in making a successful transition to retirement? You would think it’s mainly about money, but you would be wrong, says author and columnist Robert Laura, who specializes in retirement issues. Money considerations only come into play at the end, says Laura. Your financial wellness and happiness depend much more on staying active, connected, […]

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