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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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Retirement In Sight: Can Your Life Insurance Policy Help You Out in Retirement?

Under certain circumstances, your life insurance policy can play a crucial financial role. Besides a death benefit, a permanent life insurance policy can accrue cash value over time (provided the premiums are paid). That cash value could prove useful in or near retirement. If you need to, you could withdraw some of it to pay […]

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Monthly Economic Update

May was another good month for stocks. The S&P 500 gained more than 1%, putting its YTD advance above 7.7%. While the housing market showed spring weakness, hiring bounced back, and most other important economic indicators did not falter. Wall Street seemed little troubled by politics, terrorist incidents, data disappointments, or earnings misses. Overseas, stock […]

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Retirement In Sight: Is Social Security Coming Up Short for Retirees?

The nonpartisan Senior Citizens League (SCL) says yes, charging that the wrong metric is being used to determine cost-of-living adjustments (COLAs) to retiree benefits. The federal government uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to figure various COLAs. Younger, employed people usually have lower medical expenses than older people; […]

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Monthly Economic Update

In April, investors kept one eye on impressive corporate earnings and another on geopolitical developments in Asia and Europe. Earnings ultimately drew the most attention: The Dow Jones Industrial Average rose more than 1% for the month, while the Nasdaq Composite added more than 2%. The latest readings on some key economic indicators were disappointing, […]

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