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Retirement In Sight: Think of Your Retirement in Three Phases

Phases, stages, acts, chapters, steps. Whatever you want to call them, consider that your retirement may unfold in a way that many others have, in three successive financial segments. Your budget and income could see adjustments as you move from one phase into the next. In the first phase of retirement, it is not uncommon […]

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Monthly Economic Update

The Month in Brief While investors kept tariffs and trade disputes in mind in July, a new earnings season provided Wall Street with a lift. Blue chips especially benefited: the Dow Jones Industrial Average rose 4.71% for the month. Broadly speaking, strong corporate profits and domestic economic data gladdened the bulls, even as question marks […]

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Retirement In Sight: Why Take on Debt to Help Your Kids with College?

An unsettling trend is emerging among pre-retirees and retirees. Parents are picking up a greater share of college education costs, and in doing so, they may risk damaging their retirement prospects. A new analysis of higher-education debt patterns by SavingforCollege.com finds that the average college loan debt shouldered by parents rose approximately 6% this year, […]

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Retirement In Sight: When It Comes to Retirement Savings, How Much Is Enough?

While it is hard for any pre-retiree to determine an exact answer to that question, it seems some people are just stumped. A Bankrate survey asked working-age Americans how much they should save to have a comfortable retirement, and the most common answer (61%) was “Don’t know.” The average estimate of the 39% who ventured […]

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Monthly Economic Update

The Month in Brief In May, investors were left to interpret mixed geopolitical and financial signals. The historic U.S.-North Korea summit was on, then off, then possibly on again. An apparent truce emerged in the U.S.-China tariffs battle, but it did not last. Oil rallied, but then prices fell. Federal Reserve policy meeting minutes indicated […]

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Retirement In Sight: Would You Pay More for a Better Employee Retirement Plan?

If that trade-off sounds worthwhile, rest assured you are not the only one who feels that way. Sixty-six percent of the working Americans surveyed late last year by consulting firm Willis Towers Watson said that they would defer a greater percentage of salary than they currently do if their potential retirement benefits were upgraded, and […]

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Monthly Economic Update

The Month in Brief April saw the S&P 500 advance 0.27% as a new earnings season unfolded—one in which investors grew uneasy about rising Treasury yields, protectionism, and privacy concerns involving tech giants. While the financial media largely focused on those anxieties, good news also appeared. The latest consumer spending and consumer confidence data were […]

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Retirement In Sight: What Will $50,000 Be Worth in 25 Years?

If you are on the verge of retiring, this question is well worth asking. You cannot know what the exact answer will be; however, you can anticipate that it will be worth less. Inflation will exact a slow, but significant, toll on your retirement savings. Historically, consumer prices have risen about 2–3% per year. Your […]

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Monthly Economic Update

The Month in Brief Investors certainly received a wake-up call in February. A correction hit Wall Street for the first time in nearly two years, and benchmarks overseas were also challenged. Two weeks later, though, the S&P 500 had gained back more than half of what it had lost in the dive. Prices of important […]

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Monthly Economic Update

Bulls took charge of Wall Street as 2018 began: The Dow Jones Industrial Average rose 5.79% in the first month of the year, even with a mild sell-off on the verge of February. Foreign equity benchmarks largely advanced as well. Oil and gasoline futures surged, while bitcoin continued to roller-coaster. Personal spending, manufacturing, and consumer […]

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