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Thursday, July 15, 2021

With all the attention given to inflation, stock prices, and job reports, it’s been easy to overlook the remarkable move in the bond market during the past few months.The yield on the 10-year treasury closed at 1.37% on Friday,...

Wednesday, July 7, 2021

The real rate of return is an important personal finance concept to understand.It’s the rate of return on your investments after inflation. The real rate of return indicates whether you are gaining or losing purchasing power...

Monday, June 7, 2021

If there is a "silver lining" to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022. Preliminary estimates call for a 4.7% cost-of-living increase (COLA) in Social...

Tuesday, June 1, 2021

Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.” The most recent reading on consumer prices put inflation back into the conversation. The...

Monday, May 24, 2021

Knowledgeable investors are aware that investing in the capital markets presents any number of risks, including interest rate risk, company risk, and market risk. Risk is an inseparable companion to the potential for long-term growth....

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Tuesday, May 18, 2021

High net worth investors face investment challenges that some would consider unique to their financial status. The fundamental tenets of investing apply equally to them as with any other investor, but the affluent investor needs to be...

Tuesday, May 11, 2021

Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy. The U.S. Department of Health and Human Services estimates that 70% of...

Tuesday, April 27, 2021

What has upswings and downturns, troughs, peaks, and plateaus? Though such terms could easily describe a roller coaster ride, they are also commonly used to describe the business cycle. The business cycle – also known as the...

Tuesday, April 27, 2021

Helpful Retirement Strategies for Women Preparing for retirement can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning...

Tuesday, April 20, 2021

Spend today, save tomorrow? Okay, we've all been there. But if it seems you're always living paycheck-to-paycheck and never able to save anything for the future, then it may be time to make a change . April is Financial Literacy Month...

Tuesday, April 13, 2021

What to keep in mind as inflation fears rise. Inflation has emerged as one of the top financial concerns for investors as they size up the economy for the rest of the year. According to research by Deutsche Bank, Google searches for...

Tuesday, April 6, 2021

Are your financial goals well-defined? While "I want to have lots of money" may sound like a great goal, it's just too vague. How much is "lots?" If you don’t know … how will you know when you have it? And will the "lots"...

Tuesday, March 30, 2021

Have you explored all your options when it comes to managing your taxable income?

Tuesday, March 23, 2021

The Internal Revenue Service estimates that taxpayers and businesses spend 8.1 billion hours a year complying with tax-filing requirements. To put this into perspective, if all this work were done by a single company, it would need...

Tuesday, March 16, 2021

The House of Representatives passed a $1.9 trillion relief package focused on economic relief following the COVID-19 pandemic. The bill was signed into law at the White House on Thursday.1 Beyond the much-discussed $1,400 stimulus...

Tuesday, March 9, 2021

I’m sure you’ve heard that the House recently passed the Senate another round of stimulus to try and counteract the economic effects of theCOVID-19 pandemic. The new stimulus package could narrow income eligibility to...

Tuesday, February 23, 2021

Every year, about 140 million households file their federal tax returns.1 For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage, retirement, and investment account statements;...

Tuesday, February 16, 2021

By April 19, 2019, 137 million taxpayers had dutifully filed their federal income tax returns.1 And they all made decisions about deductions and credits – whether they realized it. When you take the time to learn more about how...

Tuesday, February 9, 2021

2020 IRA Deadlines Are ApproachingHere is what you need to know. Financially, many of us associate April with taxes – but we should also associate December with important IRA deadlines. December 31, 2021 is the deadline to take...

Tuesday, February 2, 2021

The famous saying from Poor Richard’s Almanack is frequently misquoted. It was published by founder Benjamin Franklin in 1737: “A penny saved is two pence clear.” Finding ways to manage expenses is one of the...

Tuesday, January 26, 2021

Who among us wants to pay the IRS more taxes than we have to?1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the five...

Tuesday, January 19, 2021

The average American owes $51,900 in debt. Of that $51,900, $35,660 is from mortgage debt, $5,610 is from student loans, and $4,760 is from auto loans.1 Little wonder that money worries can be a major cause of stress. The Link Between...

Tuesday, January 12, 2021

How Will Recent Social Security Changes Affect You? Please join us for one of three 2021 Financial Planning Seminars following all CDC guidelines. Attend this FREE event and learn... What strategies you can use to optimize your benefit...

Tuesday, January 5, 2021

Most Americans know the fundamentals of good health: exercise, proper diet, sufficient sleep, regular check-ups and no smoking or excessive alcohol. Yet, despite this knowledge, changing existing behaviors can be difficult. Look no...

Tuesday, December 22, 2020

...And one other reason to keep working Being ready to retire means more than being ready to stop waking up at 6:00 a.m. to put in long hours at a job you’re not thrilled about. If it were that simple, most of us would retire at...

Tuesday, December 15, 2020

Opinion: Why annuities can be a good addition to retirement investments It’s a way to hedge against uncertainty The COVID-19 pandemic is making many Americans — whether they’re approaching retirement age or just...

Friday, December 11, 2020

Retiring Wild: National Parks and You For many older adults, finding time to experience nature can be one of the greatest pleasures in retirement. And what better place to take in America's splendor than one of our over 400 National...

Wednesday, December 9, 2020

Managing Money as a CoupleWhat are the keys to prepare to grow wealthy together? When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well....

Wednesday, December 2, 2020

Coronavirus Vaccines and the EconomyHopeful markets react. As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued...

Tuesday, November 24, 2020

How and When to Sign Up for MedicareBreaking down the enrollment periods and eligibility. Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you...

Tuesday, November 17, 2020

End-of-the-Year Money MovesHere are some things you might consider before saying goodbye to 2020. What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a...

Tuesday, November 10, 2020

On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)sThe salary...

Wednesday, November 4, 2020

Women and Financial Strategies Forty-four percent of American women are the primary breadwinner in their house.1 Yet only 10% of women feel very confident in their ability to fully retire with a comfortable lifestyle.2 Although more...

Tuesday, October 27, 2020

Annual Financial To-Do List Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving,...

Tuesday, October 20, 2020

Election 2020: Economic Issues in the CrosshairsHere’s what you need to know. It should come as no surprise to hear the economy is the top issue for voters in the 2020 election. Nearly 8 in ten voters say that the economy will be...

Monday, October 12, 2020

October Is Financial Planning Month Six areas of personal finance to review. When training to become a financial professional, much of our course work centers on the six critical areas of creating a financial strategy. Some recognize...

Tuesday, October 6, 2020

Learn Strategies Designed To Lower Taxes, Maximize Social Security and Generate Income you won't outlive in Retirement! In these uncertain times certain strategies become essential: How to avoid personal disaster in the face of wild...

Tuesday, September 29, 2020

Chris Rock once remarked, “You don’t pay taxes – they take taxes.”1 That applies not only to income, but also to capital gains. Capital gains result when an individual sells an investment for an amount greater...

Tuesday, September 22, 2020

Insurance is meant to protect you against financial loss. But is it really meant to protect you from any and all financial loss? When it comes to filing a loss claim on your home insurance, there may be times when not filing may be the...

Tuesday, September 15, 2020

"Will I outlive my retirement money?" That's one of the top fears for people who are starting to prepare for their retirement years. So I have to chuckle a bit when I see headlines that say, "Here's how much money Americans think they...

Tuesday, September 8, 2020

Right now, many Americans are worried about their financial health due to the impact COVID-19 has had on the country. Adding to these concerns were July's consumer prices— excluding food and energy—which rose at the...

Tuesday, September 1, 2020

Medicare Advantage, sometimes known as “Part C,” is something of a catch-all choice for those who are ready to sign up for Medicare. Rather than being one plan (featuring solely government programs), Medicare Advantage...

Tuesday, August 25, 2020

Some people in recent weeks may have been feeling that “the stock market seems to be doing so well but I’m not participating.” A look behind the headlines helps tell the story. A CNBC study found that between the...

Tuesday, August 18, 2020

The uncertainties we face in retirement can erode our sense of confidence, potentially undermining our outlook during those years. Indeed, according to the 2017 Retirement Confidence Survey by the Employee Benefits Research Institute,...

Tuesday, August 11, 2020

Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last. When you are older, “and-a-half”...

Wednesday, August 5, 2020

Next to “When should I claim Social Security benefits?”, one of the more common questions people have is “How much will I receive?” Calculating your potential Social Security benefit is a three-step process:1....

Tuesday, July 28, 2020

Your Emergency Fund: How Much Is Enough? Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as...

Tuesday, July 21, 2020

The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe "this time it's...

Tuesday, July 14, 2020

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy: Yes, the biggest mistake is having no strategy at...

Wednesday, July 8, 2020

The Cost of Procrastination Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops. “Are you...

Tuesday, June 30, 2020

The History of Currency

Tuesday, June 23, 2020

9 Facts About Retirement Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of...

Tuesday, June 16, 2020

A Bucket Plan to Go with Your Bucket List John and Mary are nearing retirement and they have a lot of items on their bucket list. Longer life expectancies mean John and Mary may need to prepare for two or even three decades of...

Tuesday, June 9, 2020

RETIREMENT Social Security: Five Facts You Need to Know Social Security can be complicated and, as a result, many individuals don’t have a full understanding of the choices they may have. Here are five facts about Social Security...

Tuesday, June 2, 2020

“Dirty Dozen” Tax Scams to Watch For Every year the Internal Revenue Service (IRS) releases its list of tax scams, spotlighting the myriad ways that people try to separate you from your money.¹ The “Dirty...

Tuesday, May 26, 2020

April 21, 2020 Self-Employment More Prevalent Over 65 Workers of all ages are being affected by the damage COVID-19 is doing to the economy, but people who are loosely attached to the labor force may be more vulnerable. That’s...

Wednesday, May 13, 2020

April 9, 2020 Social Security Tapped More in Downturn It happened after the 2001 and 2008-2009 recessions, and it will happen again. Some older workers who lose their jobs will turn, in desperation, to a ready source of cash: Social...

Friday, April 24, 2020

Roth IRA Conversion in the Era of COVID-19Is it right for you? The COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement. However, difficult times may...

Monday, April 20, 2020

The passage of The CARES Act to assist with the financial relief of our economic turndown creates some Qualified Charitable Distribution (QCD) opportunities for you to support the COVID19 recovery process this year. Please read this...

Tuesday, April 7, 2020

What is an Annuity? What you should know about them? Individuals hold about $2.2 trillion in annuity contracts; a tidy sum considering an estimated $9.2 trillion is held in all types of IRAs.1 Annuity contracts are purchased from an...

Monday, March 30, 2020

CORONAVIRUS RELIEF FOR RETIREMENT ACCOUNTS Monday, March 30, 2020 By Sarah Brenner, JD IRA Analyst Follow Us on Twitter: @theslottreport The passage of The CARES Act on March 30th to assist with the financial relief of our economic...

Wednesday, January 15, 2020

The SECURE ActLong-established retirement account rules change. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years....

Tuesday, August 13, 2019

Three important factors when it comes to your financial life. Regardless of how the markets may perform, consider making the following part of your investment philosophy: Diversification. The saying “don’t put all your eggs...

Wednesday, August 7, 2019

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the biggest mistake is having no strategy at...

Wednesday, June 26, 2019

Consider making tax moves earlier rather than later. If you own a business, earn significant investment income, are recently married or divorced, or have a Flexible Savings Account (FSA), you may want to work on your income tax...

Tuesday, June 11, 2019

The growth of exchange-traded funds (ETFs) has been explosive. In 1998, there were only 29; at the end of 2018, there were over 1,900 investing in a wide range of stocks, bonds, and other securities and instruments. At first glance,...

Monday, July 16, 2018

Summer’s finally here. The sun is out, it’s warm, the days are longer, and your worries seem just a little bit further away. But, folks, I’m sorry to say, sometimes storms roll in on the sunniest of days. And if...