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Retirement In Sight: Possible Ways to Produce More Retirement Income

Your income determines your level of financial comfort in retirement more than any other factor. Some midlife financial moves may help boost it. One important move is to max out retirement accounts. Yearly contributions of $5,500 to an IRA starting at age 45 will grow to $214,460 by age 65 at a 6% annual return. […]

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Monthly Economic Update

October saw the S&P 500 rise 2.22% in response to results from the fall earnings season, encouraging fundamental indicators, and anticipation of tax reforms. An impressive jump in personal spending complemented excellent readings on consumer confidence and purchasing manager indexes, although hiring suffered a setback. As the European Union contended with disunity in Spain, the […]

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Retirement In Sight: A Retirement Plan … or a College Plan?

Some parents believe that they should pay for part or even all of their children’s college education. They make it a financial priority and put saving for retirement further down on their to-do list. If their kids can graduate without any student loan debt, the thinking goes, they will be better positioned to provide financial […]

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Monthly Economic Update

In August, investors witnessed a terrible natural disaster and heard threats of war on America, and the S&P 500 still managed to gain 0.05%. September brought two terrible natural disasters and more threats of war on America, and the broad benchmark rose 1.93%, topping 2,500 for the first time. In other words, the bulls remained […]

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Retirement In Sight: Retirement Calculators May Not Add in Everything

You may turn to an online retirement calculator for a simple snapshot of your income needs and your savings progress. These calculators are everywhere and so easy to use—but just how realistic are their projections? In truth, not very. They fail to consider many variables. They may have you enter your present salary, the percentage […]

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Monthly Economic Update

August brought an overwhelming natural disaster, a threat of war from a foreign dictator, and violence in the streets—so it is little wonder stocks went sideways. The S&P 500 eked out an advance of 0.05% for the month. Economically speaking, there were some positives: improvements in consumer confidence and consumer spending, continued strength in manufacturing, […]

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Retirement In Sight: Address These Retirement Planning Priorities After 50

When you turn 50, you start to think practically about the steps of your retirement transition. A to-do list emerges of tasks to try to accomplish, as well as things to consider. Now is the time to pour all you can into your retirement savings. As an example, say you direct $15,000 annually into your […]

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Monthly Economic Update

The Dow Jones Industrial Average gained 2.54% in July as earnings announcements and fundamental indicators provided a lift for the blue chips and other stock market indices. Hiring and manufacturing data were particularly reassuring. Annualized inflation declined once more. Oil, gold, and other marquee commodities advanced, and so did many Asia-Pacific stock benchmarks. In the […]

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Retirement In Sight: When Baby Boomers Become Elders, Will Their Kids Provide Care?

Right now, millions of baby boomers provide informal, unpaid eldercare to parents in their 80s and 90s. This obligation has led some boomers to retire earlier. The Center for Retirement Research at Boston College says that men who play these caregiving roles are 2.4% less likely to stay in the workforce than their peers. Women […]

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Monthly Economic Update

June brought some definite headwinds to Wall Street, but the broad stock market still advanced. The S&P 500 added 0.48% across the month, even with tech shares selling off. As anticipated, the Federal Reserve raised the federal funds rate by another quarter point. Last month was a trying one for European stocks as well as […]

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