Nonprofit Board Membership: A Primer

If you’re looking for creative ways to “give back” to your community or society at large, consider joining a nonprofit board of directors. But where do you begin?

Assess your passions
“Passion for mission” is the most important criterion when recruiting board members.1 Are you an animal lover or concerned about children’s health? Do you currently support youth […]

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Is the Social Security Administration Still Mailing Social Security Statements?

Your Social Security Statement provides important information about your Social Security record and future benefits. For several years, the Social Security Administration (SSA) mailed these statements every five years to people starting at age 25, but due to budgetary concerns, the SSA has stopped mailing Social Security Statements to individuals under age 60.

Workers age 60 […]

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Managing Debt While Saving for Retirement

It’s a catch-22: You feel that you should focus on paying down debt, but you also want to save for retirement. It may be comforting to know you’re not alone.

According to an Employee Benefit Research Institute survey, 18% of today’s workers describe their debt level as a major problem, while 41% say it’s a minor […]

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Aging Dilemma

Should today’s 70-year-old American be considered “old?” How do you define that term these days? Statistically, your average 70-year-old has just a 2% chance of dying within a year. The estimated upper limits of average life expectancy is now 97, and a rapidly growing number of 70-year-olds will live past age 100.

Perhaps more importantly, today’s […]

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Aging Without Support

Probably the most forgotten minority in America is the “elder orphans”—aging retirees who no longer have a spouse (if they ever had one), no kids and no caregiver.

According to The Gerontologist magazine, about one-third of 45 to 63-year-olds are single, and most of them never married or are divorced. Meanwhile, about 15% […]

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Setting Up a SIMPLE IRA Plan: It’s Simple!

Looking for a retirement plan for your employees that’s easy and inexpensive to administer? Well, there may be a simple answer: the Savings Incentive Match Plan for Employees of Small Employers, better known as the SIMPLE IRA plan. A SIMPLE IRA plan lets your employees defer up to $12,500 in 2017 ($15,500 if age 50 […]

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Working in Retirement: What You Need to Know

Planning on working during retirement? If so, you’re not alone. Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years. Here are some points to consider.

Why work during retirement?

Obviously, if you work during retirement, you’ll be earning money and relying less on […]

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Why Older Adults Are So Susceptible To Financial Fraud

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A survey from 2010 revealed that Americans over the age of 65 years old reported that they had fallen victim to financial fraud or abuse.

Studies have been conducted to find out as to why older adults [for this instance baby boomers] are more susceptible to abuse and scams. A study conducted by […]

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The Power And Potential Of Purposeful Aging

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There are outdated stereotypes about elderly adults and what their capabilities are, however they can provide major benefits to the challenges that our society faces.

Elderly adults can give back to society by volunteering, being co-workers, serving as mentors, and as entrepreneurs. With their emotional stability, experiences, and wisdom – elderly adults are […]

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How To Get Past The Resistance To Hire A Financial Advisor

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Author Michael F. Kay writes a three-part series about why individuals should hire a financial advisor, and how to overcome the resistance of doing so. The three part series is broken down as follows:

1. Part I – why individual do not seek out help,

2. Part II – 4 major questions for an […]

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