Category: Blog Posts

Start Planning Your RMD Strategies Now

There’s a sneaky little provision in IRAs and 401(k)s that some retirement savers aren’t aware of. This provision is commonly referred to as required minimum distributions, or RMDs for short. As the name suggests, you are required to begin distributing a minimum amount of money from your traditional IRA (not Roth IRA) and 401(k) accounts […]

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Financial Planning Insights: Don’t Neglect Your Financial Health

You’ve probably never equated financial planning with going to the doctor. But in a new study, four out of 10 people say that financial planning is like going to the doctor for a medical checkup. This is one of many interesting results from the survey, which was conducted by Northwestern Mutual and released late last […]

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Cybersecurity Alert: Beware of Hacks to Your 401(k) Plan

Reports of major data breaches at large corporations are becoming commonplace — from the 500 million Marriott International customers whose personal information was stolen by hackers to the 148 million consumers who were victimized in the 2017 Equifax data breach. Now there’s a new data security threat to be aware of: Hacks into your retirement […]

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How Tax Reform Now Affects Divorce Settlements

More than a year after it was signed into law, some provisions of the Tax Cuts and Jobs Act are still starting to come to light. For example, the legislation made significant changes to the taxation of alimony payments starting this year that some experts say could have a major impact on divorce in this […]

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The Emotional Side of Retirement Planning

After years of hard work and diligent financial planning, you’re finally ready for retirement. But before you start dreaming about endless days of golf or gardening, you should evaluate if you’re emotionally prepared for this new stage of your life. Beyond Financial Planning The financial aspects of retirement planning are crucial, of course. However, don’t […]

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7 Financial New Year’s Resolutions to Make — Right Now

Lots of people make New Year’s resolutions at this time of the year. According to a survey conducted by Fidelity Investments, almost one-third of Americans plan to make financial resolutions for 2019. The most common New Year’s resolutions cited by the survey respondents were saving more money (48 percent), paying down debt (29 percent) and […]

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Getting Retirement Ready as the Finish Line Approaches

If you’re in your 50s or early 60s, your much-anticipated retirement day may be approaching soon. This makes now a critical time to make sure you’ll have enough money to live comfortably in retirement. So how do you measure up from a retirement savings standpoint? According to the Economic Policy Institute, the average retirement savings […]

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Is Your Asset Allocation Still in Line with Your Investment Objectives?

In a recent blog, we explained why now is a good time to focus on making some year-end tax moves that could save you money when you file your tax return this spring. This is also a good time to reexamine the allocation of assets in your investment portfolio. Asset allocation refers to how your […]

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Dealing with Market Volatility: Is It Time to Reexamine Your Risk Tolerance?

A certain amount of volatility is to be expected when investing in the stock market. But the past couple of months have taken investors on a wild roller-coaster ride that has even some experienced traders feeling a little bit dizzy. Volatility Becoming the Norm A trend line showing the daily closings of major stock market […]

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A Decade Later: Lessons Learned from the Financial Crisis

While September 15 probably wasn’t circled on your calendar for any particular reason, it did mark an important milestone. Ten years earlier, Lehman Brothers filed for bankruptcy, which many view as the start of the financial crisis. A lot has changed in the economy and the financial markets over the past decade.  For example, the […]

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