Money & Finance

Social Security: How to Plan Around Uncertainty

Key Points ****************** Americans are not confident in Social Security solvency, according to new research Benefit amounts can vary greatly based on the age that you begin collecting Legislative standoff could make other sources of retirement income more crucial ******************* Social Security has been serving as a safety net for over 80 ...Read More

Want An Early Retirement? 3 Key Questions – and Some Tips

Key Points Whether you want to pursue old passions and new hobbies, travel the world, or spend more time with family, many of us dream about an early retirement. The amount of money you will need to retire early depends on your goals, lifestyle and a range of other factors. There are emotional and financial components to planning for an early retir...Read More

Redefining Your Legacy: Entrepreneurship After 50

The way that the media portrays our leading entrepreneurs, you’d be inclined to believe that entrepreneurship is only made for the younger generation, willing to eat ramen noodles and couch surf until their startup “makes it”, if it ever does. What you don’t see is the boom in 50+ entrepreneurs entering into the equation. For those dreaming of turn...Read More

Reduce Your Health Care Costs: 6 Great Tips!

Key Points Medical costs typically go up as you age and can account for a large portion of your overall expenses in retirement. There are many health-care related expenses that are not covered by Medicare or Medicaid. Your health and wealth can be closely tied – especially when it comes to planning for retirement. The actions you take now (at any a...Read More

Your Home Mortgage: Think Carefully

Key Points If you have extra funds left over after your expenses are paid each month, weigh your options carefully before deciding whether to pay extra on your mortgage or invest more in the market. In addition to weighing interest rates vs potential returns on investments, consider how near or far you are from retirement and how much time you have...Read More

6 Steps to Starting Your Own Business Over 50

The great George Burns once said “Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples”. Retirement is not for everybody. A growing number of Baby Boomers are finding that retirement is the perfect time to start your own business. According to The Kauffman Foundation, an organization that studies entrepreneurship, the a...Read More

Long-Term Care Insurance: Pros, Cons and Why It Matters

Key Points Long-term care insurance costs can be managed by adjusting your daily benefit levels. Costs vary by location, so it’s best to get local estimates and determine what benefits you may need. New hybrid insurance products can help you or your family benefit from the policy regardless of whether you use the long-term care coverage or not. Lon...Read More

Happy Couples – Their Top 5 Money Habits!

What are the secrets of financially happy couples? The Ameriprise study on couples and money provides some interesting answers. Key Points Most couples agree on money, but those who are not in tune financially tend to have issues communicating on financial matters. While the majority of couples have different money management styles, two-thirds hav...Read More

4 Tips: How To Pay for College

Key Points Student debt of over $1 trillion has surpassed credit card debt in the United States. When it comes to saving and paying for college, be patient and be realistic about what you can expect from financial aid. Start early and consider signing up for tax-advantaged accounts to make the most of your college savings. It doesn’t matter i...Read More

Prevent Tax ID Theft – Here’s Your Checklist!

Key Points The IRS estimates that it paid $3.1 billion in fraudulent identity theft refunds in 2014. Identity thieves can use your information to file fraudulent returns in your name while they pocket the return. Get your personal identification number (PIN) early and keep your paperwork secure to help prevent your personal financial information fr...Read More

Don’t Miss These Tax Deductions and Credits!

Key Points Don’t miss out on available tax deductions and credits to reduce your tax bill. Before you file your income tax returns, make sure you’re utilizing the tax deductions and credits available to you. Contributions to IRAs You have until April 18, 2017 to make your 2016 IRA contribution up to $5,500 or $6,500 if you’re 50 or older. You...Read More

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