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There are outdated stereotypes about elderly adults and what their capabilities are, however they can provide major benefits to the challenges that our society faces.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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Can A Person Leave Their Step-Children Nothing If Spouse Dies Without A Will?

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New marriages where one person, or both, brings children into the relationship raise the question of “can a person leave their step-children nothing, if the spouse dies without a will?” Surprisingly, cases involving stepparents and stepchildren are very common.

It’s important to ensure that all documents are aligned and have the beneficiaries properly designated […]

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6 Reasons To Revise Your Estate Plan As Soon As Possible

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While creating and having an estate plan is an accomplishment in itself, it is also important to maintain it. Periodically you should revisit your estate plan and make changes as needed.

For example, six reasons to re-check your estate plan:

  1. Divorce
  1. Re-Marriage
  1. Birth or Adoption of Children
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    Medicare Enrollment Help is Plentiful

     

     

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    October 15th is the opening date that begins enrollment for individuals who will be signing up for Medicare and for individuals who must buy into or alter their supplemental Advantage or Part D prescription drug plans. Enrollment goes from October 15th – December 7th of 2016.

    The purpose of open enrollment on October 15th […]

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    HSAs – Your Secret 401(k) Power Booster

    Health Savings Accounts (HSAs) are a way to allow you to save extra retirement money. The way HSAs function, they allow a person to save tax-free money in a separate account for medical-related expenses that are not covered by a health plan. HSA contributions are deductible like a 401(k) contribution, and the reason HSAs are supplemental is because a person can hold onto the money within the account for as long as they like.

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    How To Prevent College Debt From Derailing Retirement

    According to a study done by the Center for Retirement Research at Boston College, more than half of households with individuals in their 20s have student debt that average to about $31k.

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