Advisors

When I advise my clients about their retirement, I can’t just focus on asking them, “How much are you saving?” or “Do you think you are conservative or aggressive?” These are questions to be addressed. However, a couple’s retirement is dependent on a few other financial disciplines that are interconnected with retirement planning to flesh
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Deciding not to expect repayment can reduce your anxiety. You still might second-guess your decision, especially if you have to come to terms with forfeiting a needed purchase or valued activity, or even delaying retirement, as you watch the funds vanish. Requests for financial help from family members can sabotage personal finances and emotional well-being.
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Without initiative or proper guidance, many of us never learn about fundamental retirement-planning steps until we’ve already made a mistake. Here’s a list of the top seven mistakes that hurt your chances to achieve financial security in retirement. 1. Assuming we should plan to retire Rocking chairs, sunsets, golf and a sailboat. If you watch
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But for a person going through a temporary hard time or in a chemical withdrawal period or on a new medicine, the desire may be short-lived. Making it hard for them to physically act may buy time for a change in the circumstances that led to the desire. Things change, and when they do, that
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When it comes to your financial stability, planning ahead is essential. A home-equity line of credit can give you an added level of financial security for the future and is best considered while you’re in a healthy financial position. Having an open line of credit on your house can be a valuable tool. It serves
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A client met with me to discuss his dream of taking an early retirement. As a 58-year-old electrical engineer, Paul made it clear he was tired of enduring constant stress and increased responsibilities at work. His pension and 401(k) plan were finally at levels where he felt confident he could retire early, and on his
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Paul Burns | Getty Images Making sure retirement savings last a lifetime becomes increasingly tricky as average lifespans lengthen. In my view, making your money last can largely be boiled down to five key levers. Three are always unknown: investment returns, inflation and longevity. Unfortunately, current conditions further complicate these unknowns. With stock market valuations
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Every client is different, and therefore every conversation is different, but there are also a number of similarities. A couple of meetings I had last week demonstrate how similar our conversations can be at times. In two separate meetings with two separate longtime clients, I had the same piece of advice: “Go spend some money”
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During the 2004–2006 period of Fed rate increases, for example, REITs posted cumulative total returns of 77.9 percent, compared with 32.5 percent for stocks and 8.6 percent for bonds. REITs own a broad array of property-ownership ventures, including apartments, hospitals, warehouses and commercial property such as hotels, shopping malls and office buildings. The game for
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In simple terms, an IRA trust prevents an heir from receiving money outright from the IRA upon the account owner’s death. Without a trust, heirs can treat an inherited IRA as a piggy bank to whatever degree they want, as long as they take required minimum distributions as mandated by the Internal Revenue Service. Unfortunately,
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