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The 3 Biggest Financial Surprises for New Retirees

Posted by on Mar 31, 2016 in Articles, Uncategorized

Now that 2015 bonus checks have been issued and stock grants have vested, thousands of executives will retire from their companies on March 31. After working for decades, they are ready to enjoy life with few worries, thanks to solid financial planning. But for some, the financial plan they’ve taken years to craft may be disrupted by unexpected events. If that happens, your financial plan, expectations of travel abroad and lifestyle choices may need a major overhaul. Having helped hundreds of corporate executives plan for retirement over the past 16 years, I can share a list of the...

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3 Times It’s Smart to Take Social Security Benefits at 62

Posted by on Mar 29, 2016 in Articles, Uncategorized

One of the toughest choices for Americans approaching retirement is when to start taking Social Security benefits. You can claim as early as age 62, but waiting longer to file can boost your eventual monthly payments substantially. Although most of the advice you’ll see suggests that waiting past age 62 is the smartest decision, there are some situations in which filing as early as possible is in fact the best move. Situation 1: If the Windfall Elimination Provision will affect your retirement benefits For most workers, the Social Security Administration won’t cut your benefits...

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5 Hard Truths About Money Even Smart People Forget

Posted by on Mar 24, 2016 in Articles, Uncategorized

We’ve all been there: You’re thinking so hard about how to solve a problem that you don’t notice the solution is right in front of you. Smart people do this all the time, sometimes overcomplicating their personal finances. By overlooking simple financial truths, otherwise intelligent people can make a mess of their finances. Take a look at some of these simple financial truths. Which ones deserve more of your attention? Behavior significantly affects the results of financial plans. Even the most intricate financial plans are not immune to human behavior. Unfortunately, it’s really easy to be...

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The 3 Best Money Exercises to Build Your Bank Account

Posted by on Mar 22, 2016 in Articles, Uncategorized

Americans are so financially out of shape these days, they pull a muscle just thinking about saving money. Two in three Americans don’t have enough money in savings to afford a $500 financial emergency. Nearly one-third of households making $75,000 or more a year occasionally live paycheck-to-paycheck. Some workers believe they’ll work until they drop dead or become too sick. It’s an epidemic. Much like working out, a variety of excuses keep millions of people from saving money. Perhaps you think you’re too busy to budget, too young to worry about the future, or too broke to save anything....

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6 Money Hacks to Make Life Easier

Posted by on Mar 18, 2016 in Articles, Uncategorized

Every now and then we might discover a great tip that makes life so much easier. Whether you’re perusing Pinterest, Reddit, Instagram or magazines, there are shortcuts you can take when it comes to spending and saving. Here are 6 shortcuts to make dealing with money a little easier. Buy in bulk. Sasha Mitchell-Fuller, a current producer at “The Dr. Oz Show,” formerly of “The Tyra Banks Show,” loves to stay current on fashion while putting together segments for TV, and believes you can have an up-to-date wardrobe with designer brands without depleting your bank...

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5 Life Events Everyone Should Financially Plan For

Posted by on Mar 15, 2016 in Articles, Uncategorized

You can make your own plans, but life might change them. Whether you are getting ready for college, just starting out with your first real job, or you have worked for years, there are certain life events that you should plan for. It’s important to plan your finances and make specific goals about where you want to go in life, both career-wise and financially. However, even if you do make these goals, sometimes life will get in the way. There are many regular monthly expenses that you need to budget for, but you should also take into consideration potentially expensive life events that arise...

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