Author: joanne-reilly

Fraud Happens. To US. Here’s What to Watch For…

Seniors lose $36.4 billion each year to financial abuse — $16.8 billion of which comes from deceptive investing tactics designed specifically to take advantage of older Americans.¹ Also known as “financial exploitation,” this type of investment fraud is defined by the use of misleading language to obtain account information and permission to access...Read More

Retirement Countdown? Here’s Your Cheat Sheet!

One day you’re celebrating the first day at a new job. The next thing you know, toasts are being raised at your retirement party. With each passing year, the hands on the retirement clock spin faster. That’s why it’s wise to establish milestones — at 10 years, five years and one year out — to fine-tune investment strategies, buffer against market v...Read More

What’s Next for Social Security?

Key Points Social Security’s 2018 cost of living adjustment will be the largest in six years For many, higher Social Security benefits will be offset by increased costs for Medicare The Social Security system faces long-term challenges, but may be healthier than you think In recent years, Social Security recipients have had to settle for little or ...Read More

5 Ways Tech Is Changing Retirement

Key Points The latest technological advances are making it easier to age in your own home Many health issues can be remotely monitored, rather than relying on in-home help Help protect your (or your parents’) accounts with customizable alert technology There was a time when growing older meant relying on family or hired help to assist with health, ...Read More

Tax Reform: How the New Tax Law May Impact You

Recently, Congress passed a new tax reform bill. Analysts at Ameriprise Financial have identified some areas that may affect taxpayers now and in the future. Tax rates and brackets The law reduces tax rates and adjusts income brackets for taxpayers, including individual filers and married couples filing jointly. However, the number of individual ta...Read More

Pay Off a Mortgage or Invest? 3 Steps – You Decide

Key Points Paying off a mortgage early could reduce overall interest paid over time Investing the funds could yield a better return than mortgage interest saved With interest rates changing, it may be time to reevaluate your options Entering retirement with the mortgage paid off is a common aspiration. Paying off a home loan even sooner than that c...Read More

3 Tips for Selling Investments

Key Points Knowing when to sell is just as important to building wealth as knowing when to buy Emotional decision making could impair your ability to make good long-term choices Rebalancing your portfolio on a regular basis can help lock in gains and avoid losses On May 17, 2017, the Dow Jones Industrial Average Index dropped 373 points after a ser...Read More

Preparing for Retirement: Top Trends

Key Points Most workers are preparing for retirement, but many aren’t sure whether they’re saving enough About 37% of workers expect they’ll need $1 million or more in retirement savings Those with a formal plan are almost twice as likely to feel confident about the future Most Americans are fairly confident about preparing for retirement – are you...Read More

Talking Money with Siblings: Beyond Rivalry

Key Points Nearly two-thirds of siblings talk about money with each other While financial conflicts are rare, they usually involve issues regarding parents Uniting to deal with money issues can help protect family assets Talking about money with immediate family members is not always an easy conversation to initiate. Why? For starters, the conversa...Read More

3 Tips When It Comes To Money and Our Adult Kids

  –  Millennials are navigating a tough job market and a post-recession economy –  Financially supporting adult children could deprive them of “teachable moments” –  Sharing your experiences is an invaluable way to teach fiscal responsibility     You probably talked to your kids about money when they were younger — ...Read More

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

  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 retiremen...Read More

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