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Survey: Advisors Reserved About What Clients Might Face in 2020

January 7, 2020

As a new year rolls in, one survey suggests that advisors are optimistic but cautious about what might lie ahead for their clients in an uncertain economy. InvestmentNews has released the findings of another one of its comprehensive surveys of advisors each year. In November of 2019, the news outlet surveyed 353 advisors about their…

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How the SECURE Act Could Change Your Retirement

January 2, 2020

It’s happened. After a nearly unanimous passage in the U.S. House of Representatives, the SECURE Act (Setting Up Every Community for Retirement Enhancement Act) has become law. The legislation was “attached” to a bipartisan spending bill with the goal of avoiding another government shutdown. The president signed the SECURE Act into law on December 20th,…

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How Much Income Will You Really Need for Retirement?

December 20, 2019

Calculating how much income you will need for retirement isn’t necessarily an easy task. Your health expenses will probably increase, but your mortgage payments may decrease or stop. Meanwhile, other expenses might continue to change over time. Of course, you likely won’t have to deal with payroll taxes as much. Chances are you will also…

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Have These Financial Conversations During the Holidays

November 21, 2019

Ah, the holidays… an annual time of food, fellowship, and fun with family, friends, and loved ones. Everyone returns home and catches up on all of the family happenings over the past year. But the holidays can also be stressful and fast-paced, as people have cookies to bake, presents to wrap, and shopping to do.…

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Medicare open enrollment starts Oct. 15. Do a checkup on your coverage

October 15, 2019

If you’re covered under Medicare, don’t let complacency prevent you from reviewing your health insurance options and maybe saving some money. Open enrollment for Medicare begins Oct. 15 and ends Dec. 7. It is during this period that those covered by Medicare — people 65 and older — can change their health plan and prescription…

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How You Can Use Annuities for Greater Tax Efficiency in Retirement

September 4, 2019

As an annuity owner, you take comfort in knowing that you have planned for an uninterrupted lifelong retirement income stream. Working alongside other income sources from your nest egg, it will pay out, like clockwork, to fund the retirement you have always imagined. But have you considered whether your income streams are as “efficient” as…

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These Lifetime Income Options Can Help You Reach More Financial Confidence

August 26, 2019

Today, Americans bear more financial responsibility for their retirement than ever. The days of receiving monthly pension checks are gradually fading. According to Willis Towers Watson, only 16% of Fortune 500 companies were offering pensions to new hires in 2017, down from 59% of firms in 1998. Defined-contribution plans like 401(k) accounts are taking their…

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How to Make Your Money Last in Retirement

August 19, 2019

With new swells of Americans turning 65 each day, it’s one of the most-pressing questions in financial planning: How can I make my money last in retirement? Today’s retirees aren’t just sitting back. As they live longer, they are delving into new opportunities with full steam. Second-act careers. Entrepreneurship. Volunteering for personal causes. Cross-country tours.…

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COBRA Continuation Coverage after a Merger or Acquisition

February 28, 2019

You just sold your business and half of your staff lost their jobs. Are you obligated to offer COBRA continuation coverage to those former employees? Perhaps. When an employee loses their job, they may become eligible for COBRA. COBRA is the Consolidated Omnibus Budget Reconciliation Act, which gives certain former employees and their dependents access…

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Understanding Average vs. Compounding Portfolio Effects in Retirement

February 1, 2019

Most people consider investment returns as a benchmark for judging the performance of their portfolio. This may be especially true for retirees and pre-retirees who likely have been invested in the market for some time. That experience might have been through brokerage mutual fund investments, brokerage accounts, or even retirement savings plans such as 401(k)s…

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