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Don’t Gamble With Your Retirement
(Main Content/blog)
... to the length of time over which you plan to invest your money before needing to access it. The longer you have to invest, the better, because of the power of compounding. Compounding is when your returns ...
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Good News: Rolling College Savings Balances Into IRAs
(Main Content/blog)
Tax-advantaged college-savings plans known as 529 plans have gotten very popular since their introduction in 1996. But while their tax benefits are attractive, a question has hung over them: What happens ...
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How to Protect Your Heirs from Strict New IRA Rules
(Main Content/blog)
Every piece of legislation that's passed in Washington creates both winners and losers. If you're planning to leave an IRA to your kids, you may be one of the losers in the case of the SECURE Act. Passed ...
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Tax-Loss Selling is Losing its Luster
(Main Content/blog)
... bill is slashed and you keep more of your money in your pocket. For years, I've recommended and executed tax-loss selling for my clients, just as the vast majority of financial advisors have. But I plan ...
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The Big Question: When Can I Retire?
(Main Content/blog)
... Look for an experienced advisor: There’s a big advantage in working with a 20-year professional because they’ve not only built retirement plans but executed them and seen the results. It’s also imperative ...
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Why You Should Be Invested Right Now
(Main Content/blog)
... like stocks—and then stick to the plan. If you'd like to review your investments, don't hesitate to reach out to us. ...
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Here’s Why I’m a “No” on Annuities
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... advice about investing and financial planning. Annuities also lock up your money, typically for five to 10 years. During this "surrender period," if you withdraw more than a certain percentage of your ...
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Better Inflation News Spells Opportunity
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... Reserve plans more aggressive interest-rate increases as it continues to fight inflation. All eyes will be on next month's meeting of the Fed's policy-setting committee. Will the Fed raise interest rates ...
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Is the Next Stock Market Catalyst Taking Shape?
(Main Content/blog)
... control could cause the Federal Reserve to ease up on its planned interest rate increases. But why is government inflation data telling a story of rising inflation, while commodity prices ...
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Why I Don't Invest in Crypto
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... the crypto lobbying groups, warned the industry: "If we don't start planning and taking action soon, we have everything to risk." One reason so many people are passionate about cryptocurrencies is the ...
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Higher Interest Rates Could Hammer Stocks
(Main Content/blog)
... is not deeply rooted, it could still do real damage to the economy. How? By influencing expectations: If businesses assume inflation will keep rising, they'll plan to raise employee salaries, and they'll ...
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Will Biden Double the Capital Gains Rate?
(Main Content/blog)
... doubled. Such a tax hike is part of President Biden's plan to raise trillions of dollars of revenue to fund multi-trillion-dollar infrastructure and social programs. The proposed capital gains increase ...
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How to Invest for Inflation
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... 12 months. So you might not want to rush into building that new home, or even that deck you’ve been planning. But what does consumer price inflation mean for you as an investor? ...
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Rising Inflation and Interest Rates: What to Do
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... plan. ...
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Use Tax Planning to Grow Wealth Faster
(Main Content/blog)
... approaching, now's the time to pull the levers that enable you to do just that. Here are some tax-planning strategies you should consider implementing. 1. Give stock, don't sell it. Selling a large taxable ...
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Capital Gains Tax Hike a Possibility
(Main Content/blog)
... In particular, tax reform is a major part of Democratic presidential nominee Joe Biden's plans. And one of his most ambitious proposals involves raising the long-term capital gains tax rate for households ...
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Should You Invest in Real Estate?
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... a property unless I can gross more than 12% or 14%, and earn a net profit hopefully above 6% or 7%. Plan on doing a lot of the minor repairs yourself in order to keep expenses down and maximize your profit. ...
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Reaching Your Goals Vs. Spinning Your Wheels
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... not only have a vision, but who work with experts who can help them create and execute a plan. Achieving big life goals usually means creating the means to pay for them. And that is where the guidance ...
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The Biggest Mistakes Investors Make
(Main Content/blog)
... employer-sponsored retirement plan when you leave a job. But doing that can set your retirement savings way back. If you're below retirement age, and cash out $10,000 from your 401(k), for example, you ...
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Why a Year-End Financial Checkup Is Smart
(Main Content/blog)
... about reaching your financial goals. 1. Plan to avoid retirement-account withdrawals that will trigger taxes. Often, end-of-year distributions from IRAs and other retirement accounts will cause Social ...