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Retirement In Sight: Figuring Out When to Start Your Second Act

Figuring Out When to Start Your Second Act Many Gen Xers and baby boomers look forward to retiring on their terms. In such a circumstance, a key question becomes when to walk away from work. According to the Center for Retirement Research at Boston College, the average retirement age is now 65 for men and […]

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Retirement In Sight: Has the Pandemic Affected the Retirement Mind-set?

Has the Pandemic Affected the Retirement Mind-set? Each year, the Transamerica Center for Retirement Studies surveys baby boomers, Gen Xers, and millennials to gauge their perceptions about retiring. The 2020 survey, conducted in April, studied the impact of the COVID-19 pandemic and how it may have affected their outlooks. Overall, 53% of respondents said that […]

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Monthly Economic Update

U.S. Markets Stock prices climbed higher in June, as investors looked beyond an increase in COVID-19 cases and reports that several states would slow the pace of economic reopening. The Dow Jones Industrial Average gained 1.69%, while the Standard & Poor’s 500 Index tacked on 1.84%. The Nasdaq Composite, already up 6.75% in May, rose […]

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Retirement In Sight: You Might Spend Less—Later in Retirement

You Might Spend Less—Later in Retirement A 2019 white paper by the Employee Benefit Research Institute (EBRI) indicates that Americans tend to spend less as they age. EBRI analyzed a study from the University of Michigan, which tracked spending levels of Americans age 50 or older for 12 years. Looking at this data, EBRI found […]

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Monthly Economic Update

U.S. Markets Stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine. The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor’s 500 Index picked up 4.5%. The NASDAQ Composite led, gaining 6.7%.[1] Shift in Focus April’s positive momentum continued into May, […]

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Retirement In Sight: How Should Preretirees View Illiquid Assets?

How Should Preretirees View Illiquid Assets? Some people approach their retirement years owning illiquid assets worth more than their liquid ones. While long-held illiquid assets, such as a business or home, may become highly valued or appreciated over time, it can be wise to be frank and conservative when estimating their worth, especially if an […]

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Monthly Economic Update

U.S. Markets Stocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19. The Dow Jones Industrial Average, which dropped 1% in March, jumped 11.08%. The Standard & Poor’s 500 Index rose 12.68%, and the NASDAQ Composite surged 15.45%.[1] Slowdown in Infections Just […]

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Retirement In Sight: Using Your Quarantine as a Trial Run for Retirement

Using Your Quarantine as a Trial Run for Retirement Staying productive in the time of COVID-19 can be a challenge. Rather than pulling out the board games, you might want to use the opportunity to stress-test your plans for retirement. Specifically, if you are preparing to retire soon, you might be able to examine a […]

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Monthly Economic Update

The Month in Brief The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law, bringing relief to millions of Americans, most of whom are expected to be quarantined for at least another month. The White House has asked Americans to continue “socially distancing” during April. Volatility continued in International markets, even […]

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Retirement In Sight: Good Career Choices May Lead to an Improved Retirement

Good Career Choices May Lead to an Improved Retirement What is your most powerful tool for building retirement savings? Perhaps, your income. For that matter, the path of your career could influence when and how well your retirement begins. Is there merit in changing jobs (or even careers) with an eye toward what the move […]

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