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Retirement In Sight: Thinking About Leaving Work a Little Early?

Thinking About Leaving Work a Little Early? The so-called FIRE movement (FIRE stands for financial independence, retire early) has garnered so much attention, even those who anticipate retiring in their 60s are wondering if they should make a sacrifice or two to exit their careers or businesses a bit earlier. A poll, commissioned by personal […]

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Retirement In Sight: How Retirement Saving Relates to Retirement Spending

How Retirement Saving Relates to Retirement Spending Sometimes an article will present a generic retirement forecast, stating that the average person may need “X” dollars in savings to retire confidently. Stories like these appear every so often on financial websites, and they should be taken with a grain of salt. These articles imply that a […]

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Retirement In Sight: Can You Stay on a Company Health Plan After Age 65?

Can You Stay on a Company Health Plan After Age 65? Generally, Medicare is available for people age 65 or older—this is well-known. What is less well-known is the fact that some companies can legally cancel group health insurance for a worker reaching this milestone. Baby boomers who aspire to keep working into their mid-60s […]

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Retirement In Sight: Retiring with a Cash Reserve

Retiring with a Cash Reserve Many people want to enter retirement with (a) investments that may have benefited from years of growth and compounding, (b) a manageable debt position, and (c) a cash reserve for emergencies. Just how large should that cash reserve be? There is no simple answer to that question because the answer […]

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Retirement In Sight: In Retirement, Your Spending Could Fluctuate

In Retirement, Your Spending Could Fluctuate Your retirement income strategy will almost certainly evolve. How much you spend will vary from year to year, and in some years, you will spend more on some things than others. At the start of your retirement, you may spend more than you think. A recent J.P. Morgan Asset […]

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Retirement In Sight: Dealing with a Surprise Retirement

Dealing with a Surprise Retirement For years, you have imagined the way your second act will unfold: when it will start, what you will do, and where you will be. Then life hands you a wild card. You are forced to retire years earlier than you planned and with little notice. How do you adjust? […]

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Retirement In Sight: How Can a Woman Prevent Outliving Her Money?

Certain financial decisions may help a woman grow and sustain her retirement assets across the decades to make up for time out of the workforce and the prevalent earnings gender gap. One fundamental decision would be to start saving and investing for retirement as early as possible—but other, sometimes underrecognized choices may also allow a […]

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brexit

The Brexit Shakes Global Markets

A worldwide sell-off occurs after the United Kingdom votes to leave the European Union. A wave of anxiety hit Wall Street Friday morning. Thursday night, the United Kingdom elected to become the first nation state to leave the European Union. The “Brexit” can potentially be finalized as soon as the summer of 2018.[1] Voters in […]

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Maintaining Perspective During Market Volatility

It can be disconcerting to watch the stock market during a volatile season, especially when you rely on your market investments for retirement income. In a survey conducted by Prosper, Americans over the age of 55 are the most worried about their financial future. Of this group, 59% are not confident that they would be […]

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gas

Economic Update: Oil Climbs; Stocks Fall

Oil Jumps 12%, but Stocks Retreat for the Week On Friday, WTI crude closed at a NYMEX price of $29.44 after a 12.32% surge. However, it fell 4.69% on the week, and major U.S. stock benchmarks fell as well. Across five days, the Dow Jones Industrial Average declined 1.43% to 15,973.84; the Nasdaq Composite, 0.58% […]

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