A Retirement Fact Sheet

Some specifics about the “second act.”     Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.   Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are taken aback when they discover this. […]

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Tolerate the Turbulence

Look beyond this moment and stay focused on your long-term objectives.     Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm.    Since the end of World War II, there have been dozens of […]

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Why Do People Put Off Saving for Retirement?

A lack of money is but one answer.   Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?   Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely.       Sometimes, the […]

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The Snowball Effect

Save and invest, year after year, to put the full power of compounding on your side.   Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to […]

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Tax Changes Around the Home

How the Tax Cuts & Jobs Act impacted three popular deductions.   Three recent tax law changes impact homeowners and home-based businesses. They may affect your federal income taxes this year.    The SALT deduction now has a $10,000 yearly limit. You can now only deduct up to $10,000 of some combination of (a) state and local […]

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How Retirement Spending Changes With Time

Once away from work, your cost of living may rise before it falls.   New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money?   This concern is legitimate. Many households “live it up” and spend more than they anticipate as retirement […]

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The Retirement Mindgame

Your outlook may influence your financial outcome.   What kind of retirement do you think you’ll have? Qualitatively speaking, what if the success or failure of your retirement begins with your perception of retirement?   A whole field of study has emerged on the psychology of saving, spending, and investing: behavioral finance.  Since retirement saving is […]

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