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Divorce After 50 and Your Retirement

Divorce rates are surging in the 50 and older age group.  Today, divorce for those 50 and older has more than doubled since the 90’s!  Divorce can be complicated at any age. However, older couples usually have more financial consequences. The financial consequences are particularly fraught when a couple has to divide their retirement funds. Traditionally, older couples have more…

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Are You In The Retirement Sweet Spot?

Are you in the retirement sweet spot (RSP)?  No, it’s not a trick question.  The RSP refers to that time after you retire and before you take any required distributions from your 401k or traditional IRA at age 70 1/2. In addition to IRA’s, there are several other financial planning moves to consider in this time period.  A recent article…

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7 Hidden Retirement Risks

7 Hidden Retirement Risks

Longevity The average life expectancy has increased. Chances are that if you’ve reached 65 years old you will live into your mid-80s according to life expectancy calculations. Many are living even longer—one in four people will live into their 90s, while one in ten will live past 95. Make sure that your retirement plan takes longevity into account so that…

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Tax Reform Highlights

Tax Reform Highlights

Here are some brief updates about the tax bill that was recently passed. Keep in mind that the industry is still working through the ramifications of the legislation; there will be much more in-depth information coming throughout the year. New Income Tax Rates The tax brackets for individuals have been lowered for everyone except the lowest bracket, until 2026, when…

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Financial Resolution for 2018: Buy More Time!

Financial Resolution for 2018: Buy More Time!

When the New Year rolls around, many of us focus on making financial resolutions. These goals often include things like getting out of debt, saving more or negotiating a higher salary. These are all worthy endeavors and they all have something in common: The result of achieving any of these goals is reduced stress and happiness. But the fact is,…

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