Jan
19
Frequently Asked Retirement Income Questions
When should I begin thinking about tapping my retirement assets and how should I go about doing so? The answer to this question depends on when you expect to retire. Assuming you expect to retire between the ages of 62 and 67, you may want to begin the planning process in your mid- to late 50s. A series of meetings with a financial advisor may help you make important decisions such as how your portfolio should be invested, when you can afford to retire, and how much you will be able to withdraw annually for living expenses. If you anticipate retiring earlier, or enjoying a longer working life, you may need to alter your planning threshold accordingly. How much annual income am I likely to need? While studies indicate that many people...
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Jun
23
Company Sponsored Retirement Plans Mistakes to Avoid and Solutions for Success
A company sponsored retirement plan is one of the best benefits your employer can offer you; but in order to realize the greatest success with this benefit, you need to play an active role. There are a number of common mistakes to avoid and steps you can take that will help put you well on your way to making the most of what your plan has to offer. Mistake: Not contributing. The reasons many do not contribute are numerous: cannot afford it, too overwhelming to review the plan and pick choices, or just forgetting to set it up. The reality is you cannot afford to pass up the savings opportunities available with a company sponsored retirement plan. Each day you are not contributing is a day missed in savings. Contributions to company...
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Jan
26
When Should You Sell an Investment?
Effective portfolio management is about more than buying securities, it's also about selling them when the time is right. Unfortunately, there's no crystal ball that tells investors when to sell their investments. Many investors hold securities for too long and reproach themselves for not having sold sooner. Others sell too soon and second-guess their chances of having done better. Psychology -- and human nature -- aside, there are some practical selling strategies you may want to consider when managing your portfolio. Exit Strategies: When to Sell                                            Sell -- if your investment's value shifts by a predetermined percentage. When a security is purchased, define the maximum price movement up or down...
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Jan
26
Few Cost of Living Adjustments for Retirement and Health Plans
The IRS has released the cost-of-living adjustments (COLA) affecting dollar limitations for Individual Retirement Accounts (IRAs), defined contribution and other retirement-related items for tax year 2016. In general, most limits will remain unchanged for 2016 because the increase in the cost-of-living index did not meet the threshold that would trigger their adjustment. The table below compares both the retirement plan and health insurance plan limits for 2014 through 2016, with items that have changed for 2016 asterisked. Further guidance can be found on the IRS website. Retirement Plans 2014 Limit 2015 Limit 2016 Limit IRA contribution limit $5,500 $5,500 $5,500 IRA catch-up contributions for...
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Oct
27
Of Market Bubbles and Busts: Learn to Spot Trouble in the Making
Recent stock market conditions in China present a classic illustration of the boom/bust cycle that periodically disrupts financial markets. While bubbles and subsequent busts occur in the investment world from time to time, there are typically some telltale signs to help investors recognize when there is trouble brewing. When Is a Bubble a Bubble? Most investors now agree that the U.S. stock market boom of the late 1990s -- particularly the boom in technology stocks -- represented a classic bubble. That cycle saw the NASDAQ Composite index grow more than 200% between February 1997 and February 2000, and then fall 66% by August 2002.1 But at what stage was it considered a bubble? In 1996, Alan Greenspan famously accused investors of...
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Oct
27
Millennials: The "Slow and Steady" Generation of Investors
With some $30 trillion poised to change hands over the next several decades from parents and grandparents to so-called Millennials -- those 90-million-plus Americans aged 18 to 33 -- the financial services industry will have its work cut out for it. Popular investing wisdom states that the younger you are, the more time you have to ride out market cycles and therefore the more aggressive and growth-oriented you may be in your investment choices. Yet Millennials are hearing none of it. As Investors: Wary and Conservative Indeed living through the Great Recession and watching their parents and other older family members suffer financial losses may have taken a toll on these young investors -- and made them wary of investing in general and...
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Sep
21
Anchor Your Portfolio With Index Funds
Index funds seek to mirror the performance of a market index, such as the Dow Jones Industrial Average or the Standard & Poor's 500, by buying a proportional weighting of the stocks represented in the index. Index funds are passively managed and merely mirror the risk characteristics of the underlying index.  Unlike actively managed funds, index funds do not attempt to buy stocks based on the fund manager's outlook for certain companies or for the market in general. Instead, they purchase or sell shares only when the index replaces stocks or when investors buy or sell shares of the fund. Because index funds are not actively managed, they usually have much lower management fees and expenses -- helping them to outperform many actively...
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Sep
21
Shielding Retirement Assets From Taxes
For the tax conscious, the premise behind retirement plan distributions is simple — the longer you are expected to live, the less the IRS requires you to withdraw (and pay taxes on) each year. Because your heirs could inherit this payout schedule along with the assets’ tax bill, talk to your tax or financial advisor about how recent distribution rules should be applied to best meet your goals and objectives. Keep in mind that if you or your heirs do not withdraw minimum amounts when required, taxes can take 50% of what should have been withdrawn. There are various ways to make the tax payments on these assets easier for heirs to handle. For example, the IRS rules for calculating the required minimum distribution (RMD) from IRAs and...
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Jul
21
Intergenerational Wealth Planning: A Win-Win for the Whole Family
Discussing the transfer of wealth from parents to children can be uncomfortable for both parties. Yet by introducing children to the wealth management process from a young age, affluent families may be able to reduce family tensions later in life and help ensure that the planning tradition passes intact to future generations. Closing the Communication Gap Opening the dialogue about wealth transfer is a complicated, personal decision that is influenced largely by how wealth holders themselves have been brought up to view money and the responsibilities that come with it. For instance, some individuals may fear that discussing wealth with their children will lead to feelings of expectation and entitlement. Others may simply prefer to...
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Jul
21
Business Succession Issues: Understanding Buy-Sell Agreements
Buy-sell agreements are legal arrangements used to ensure that a closely held business will be able to continue in case of the death, disability, or departure of an owner or partner, as well as other possible triggering events. They spell out how such a situation will be dealt with and set a value on the ownership interests, or a procedure for determining the value at a future time. Buy-sell agreements may be structured as cross purchase, entity purchase, and hybrid purchase plans. Life insurance policies typically provide the source of funds for purchasing shares under a buy-sell agreement. The structure and funding of an agreement depend on such factors as the number of owners involved, the needs of the business, tax effects, and the...
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Jun
22
Tips for Retooling Your Portfolio
Like a closet that isn't reorganized from time to time, a portfolio that isn't reviewed regularly can leave you feeling like the pieces no longer fit. Last year, for example, stocks, as measured by the S&P 500 had annualized returns of 13.69%.1 U.S. investment grade bonds gained 5.97%, while international stocks declined -4.49%.1 Given this diverse composite of returns, a portfolio that began 2014 carefully allocated between stocks and bonds could now have shifted away from your intended asset allocation.2 Getting your portfolio back on track is critical because studies have confirmed that asset allocation is the single most important determinant of investment success. Restoring...
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Jun
22
The Role of Bond Funds in Your Portfolio
Bond mutual funds offer low-cost, professionally managed vehicles whereby you can diversify your portfolio with fixed-income securities. Because bond prices generally do not move in tandem with stock investments, they may help balance an investor’s portfolio, while providing investors with a steady income stream. For this reason, bond funds may be especially attractive to investors at or nearing retirement. Most bonds and bond funds fall into four general categories: corporate, government, government agency, and municipal. Corporate bonds are issued by corporations and can be among the riskiest of all bonds. Government bonds are among the safest because they are issued by the U.S. Treasury and backed by the full faith and credit of the...
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May
12
Planning for Known -- and Unknown -- Health Care Costs in Retirement
The issue of health care costs in retirement -- and planning for them well in advance of retirement -- is becoming a centerpiece of any retirement planning discussion. A recent study by Employee Benefit Research Institute (EBRI) projected that in 2014, men and women who wanted a 90% chance of having enough money to cover out-of-pocket health care expenses in retirement would need to have saved $116,000 and $131,000 respectively by age 65.1 This is a sobering goal when you consider that just 42% of workers in their 50s and 60s report total savings and investments in excess of $100,000.2 Part of the problem with putting a price tag on retiree health care expenses is that every situation will vary depending on an individual's health, the...
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May
12
Growth Investing -- A Core Part of Your Long-Term Strategy
Long-term investment goals are as unique as the people who set them. Some investors set their sights on building a dream home; others may be looking to launch a new business. Still others seek the more traditional long-term goals of a comfortable retirement or funding a child's education. No matter how they differ, all long-term investment goals have one thing in common - the need to accumulate wealth. One way to pursue long-term goals is to build a portfolio around a core of growth-oriented stocks.1 The Potential Power of Growth Growth investing is a strategy in which an investor selects stocks based on strong track records of earnings growth. These stocks generally don't pay high dividends, but instead reinvest their earnings for the...
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Apr
21
What Is a Stretch IRA?
A stretch IRA is a traditional IRA that passes from the account owner to a younger beneficiary at the time of the account owner's death. Since the younger beneficiary has a longer life expectancy than the original IRA owner, he or she will be able to "stretch" the life of the IRA by receiving smaller required minimum distributions (RMDs) each year over his or her life span. More money can then remain in the IRA with the potential for continued tax-deferred growth. Creating a stretch IRA has no effect on the account owner's RMD requirements, which continue to be based on his or her life expectancy. Once the account owner dies, however, beneficiaries begin taking RMDs based on their own life expectancies. Whereas the owner of a stretch IRA...
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Apr
21
DC Plan Trends: Sponsors Focused on Improving Participant Outcomes
Defined contribution plan sponsors are rethinking ways to improve investment offerings in an attempt to elevate retirement outcomes for plan participants. The Towers Watson 2014 U.S. Defined Contribution Sponsor Survey revealed a few key themes. Improving Portfolio Diversification Historically, DC investment options have leaned heavily toward single, stand-alone actively managed funds, each with a style and market-cap bias. Realizing the inefficiency in this siloed approach, 40% of plan sponsors acknowledged that combining several investment strategies together in a custom-built, diversified investment structure offered a more efficient approach to active management. For plan participants, such an approach could maximize their buying...
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Mar
20
It's Tax Time: Tips for Getting Organized
Ask many Americans about their experience with tax time and they are likely to describe lots of paperwork, confusing rules, and late nights on their computer. But it doesn't have to be that way. Getting organized now -- instead of waiting until the days before April 15 -- may help streamline your tax preparation and help you identify deductions that you might otherwise overlook in the last-minute rush. You'll need the right paperwork to get started (see table below), but you may want to consult a tax advisor to determine whether you need to consider additional factors that are unique to your situation. Tax Preparation Documents Document Why You Need It Form W-2 from your employer The starting point for determining your...
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Mar
20
The IRS Clarifies Rules on Rollovers of Retirement Plan Monies
After years of ambiguity around what is and is not allowed regarding the disbursement of after-tax contributions to an employer-sponsored retirement plan, the IRS ruled in September of 2014 that plan participants can roll those dollars into a Roth IRA tax free. IRS Notice 2014-54, Guidance on Allocation of After-Tax Amounts to Rollovers, "provides rules for allocating pretax and after-tax amounts among disbursements that are made to multiple destinations from a qualified plan."1 Importantly, the Notice states that all disbursements from a retirement plan made at the same time will be treated as a single distribution even if they are sent to multiple new accounts. Prior to this ruling, the IRS treated distributions from a retirement plan...
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Feb
09
The Psychology of Investing: How We Cope With Risk
Researchers have found that investors have a tendency to psychologically exaggerate declines in the performance of an investment and to minimize gains. It's a phenomenon with a complex sounding name -- "myopic loss aversion" -- but also one that makes a simple point: Psychology plays a role in our investment decisions. Understanding that role, the subject of this second installment of a three-part series on investment risk, may help you stay on course toward your long-term financial objectives. Word Play Individuals subconsciously "frame" expectations based upon how the information is presented to them. For instance, would you prefer to invest in a security that has a 40% chance of yielding negative returns or one that has a 60% chance...
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Feb
09
Understanding Bond Investing: It's a Matter of Balance
It's a common misconception to think of bonds as "plain vanilla" investments that are appropriate only for certain types of people, such as financially conservative retirees. But in reality, bond investments may have the potential to add stability to a portfolio and help reduce overall investment risk -- regardless of your age or financial outlook. What Is a Bond? Bonds are investment securities issued by corporations or governments to raise money for a particular purpose. Basically, bonds are the "IOUs" of the business world. There are different types of bond funds, each with varying levels of risk and return potential. Generally speaking, the higher the risk, the better the return potential. For example: Government bond funds invest...
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Jan
06
How Much Health Insurance Do I Need?
The answer is simple: enough to ensure that if you (or a covered family member) get sick or injured, you're not footing the entire medical bill on your own. If you receive health insurance through your employer, your choices are limited. Some employers will offer plans from multiple health insurance providers, but most limit their offerings to one provider. Additionally, most employers offer one or more of the following: an HMO, a PPO or a traditional plan.  ·        An HMO (or health maintenance organization) is usually the lowest-cost alternative. As a result, enrollees are limited to doctors and treatment facilities within a limited "network." These plans usually have no deductibles. Enrollees are required to make copayments when...
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Jan
06
I'm Getting Married. How Could Marriage Potentially Affect My Finances?
Marriage affects your finances in many ways, including your ability to build wealth, plan for retirement, plan your estate, and capitalize on tax and insurance-related benefits. There are, however, two important caveats. First, same-sex marriages are recognized for federal income and estate tax reporting purposes. However, each state determines its own rules for state taxes, inheritance rights, and probate, so the legal standing of same-sex couples in financial planning issues may still vary from state to state. Second, a prenuptial agreement, a legal document, can permit a couple to keep their finances separate, protect each other from debts, and take other actions that could limit the rights of either partner. Building Wealth If both...
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Dec
08
Is Your Portfolio "In Style" or Making a Bad Fashion Statement?
It is fairly common knowledge that a retirement portfolio's carefully constructed asset allocation can become unbalanced in two cases: When you alter your investment strategy and when market performance causes the value of some funds in your portfolio to rise or fall more dramatically than others. But did you know there is also a third scenario? Your portfolio can become unbalanced due to unexpected changes in the funds' holdings. Getting the Drift The phenomenon known as "style drift" generally occurs when a fund's manager or management team strays beyond the parameters of the fund's stated objective in pursuit of better returns. For example, this may occur when a growth fund begins investing significantly in value stocks or when a...
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Dec
08
Investor Know Thyself
In an ideal world, emotions would play a very small role in the way people invest and manage their money. Everyone would thoroughly research their options, maintain realistic expectations, and keep counterproductive habits under control. But in the real world, even well-informed investors sometimes make emotionally charged decisions that may threaten their ability to stay focused on important financial goals, such as accumulating enough money for retirement. In fact, such missteps are so common that many academics have done extensive research on "investor psychology" or "behavioral finance" to explain why some people tend to keep encountering the same obstacles in their financial lives. Behavior...
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Sep
26
Weaving Spiders and Other Exchange-Traded Funds Into Your Investment Net
A spider isn't just a subject for science classes anymore. As this article explains, it's also a type of exchange-traded fund that combines the diversification and cost-effectiveness of index funds with the trading flexibility of stocks. A spider isn't just a subject for science classes anymore. It's also a type of exchange-traded fund (ETF) -- an investment that combines the diversification and cost-effectiveness of index funds with the trading flexibility of stocks. If you think investing in ETFs might be a good idea, here are some issues to consider. The ABCs of ETFs ETFs are "baskets" of equities, shares of which are traded on an exchange. Like stocks, ETFs can be traded throughout the day at real-time prices. Like index funds,...
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Sep
26
5 REAL Reasons to Hire a Financial Advisor
If you believe much of the media, you hire a Financial Advisor to try to outperform the stock market. Never mind that this can have very little bearing on whether you can live or retire as you would like. Never mind that research has shown that even the hottest hedge fund managers struggle to outperform the markets. (Ok, they don’t struggle to; they don’t.) The better reasons to hire one are to: Press you to answer questions you don’t want asked, like how you plan to take care of your aging parents if you need to, whether your will is up to date, how you are going to send your kids to college, what you will do if you lose your job. These are the types of questions that make most of too uncomfortable to ask ourselves. Put together a...
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Aug
19
Ten Sure Ways to Lose Money in Stocks
Tags: stocks
Are you looking to wipe out your savings? Here are 10 proven ways to manage your stock portfolio into the ground in no time. Who needs a pyramid scheme or crooked money manager when you can lose money in the stock market all by yourself -- quickly and easily -- by following these 10 simple strategies: Go with the herd If everyone else is buying it, it must be good, right? Wrong. Investors tend to do what everyone else is doing and are overly optimistic when the market goes up and overly pessimistic when the market goes down. For instance, in 2008, the largest monthly outflow of U.S. domestic equity funds occurred after the market had fallen over 25% from its peak. And in 2011, the only time net inflows were recorded was before the...
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Aug
19
Government to Extend More Benefits to Same-Sex Married Couples
One year after the landmark Supreme Court ruling, the White House announced the extension of new benefits to same-sex married couples. To mark the one-year anniversary of the historic Supreme Court ruling that struck down the Defense of Marriage Act (DOMA), the White House announced the extension of new benefits to same-sex married couples. For instance, the Department of Labor has said that it would clarify rules governing the Family and Medical Leave Act (FMLA) to allow gay workers nationwide to take a leave of absence from work to care for a same-sex spouse or other family member, regardless of the state in which the employee resides. In its current implementation, the law states that a "spouse" applies only to a same-sex spouse who...
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Jul
17
I Received an Inheritance. How Is This Money Taxed?
How your inheritance is taxed will depend on your relationship to the deceased and other factors. The amount of federal estate tax typically is determined by the amount of assets within the estate and your relationship to the deceased. Spouses and Nonspouses Spouses typically may inherit an unlimited amount of assets free of federal estate taxes. Estates bequeathed to nonspouses, in contrast, may be subject to federal estate taxes and state inheritance taxes depending on the level of assets within the estate. For nonspousal heirs, in 2014, the federal estate tax is levied at a maximum rate of 40% after a $5.34 million exclusion. For estate tax purposes, heirs typically value assets at the fair market value on the date of the...
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Jul
17
Do I Need Travel Insurance?
Whether you need travel insurance is likely to depend on your level of coverage from existing homeowner's, medical, automobile, and life insurance policies. In many instances, travel insurance may duplicate coverage that you already have. Whether you need travel insurance is likely to depend on your level of coverage from existing homeowner's, medical, automobile, and life insurance policies. In many instances, travel insurance may duplicate coverage that you already have. Travel insurance is likely to include coverage for trip cancellation, lost or stolen baggage or personal items, emergency medical assistance, and death while you are on vacation. Trip cancellation provides coverage if a cruise line or tour operator goes out of business...
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Jun
17
Target-Date Funds Will Garner Majority of 401(k) Contributions by 2018
By 2018, target-date funds will garner more than 63% of total defined contribution plan participant contributions and account for 35% of total 401(k) plan assets. Target-date funds continue to gain ground in the employer-based retirement plan arena. It is estimated that by 2018, they will garner more than 63% of total defined contribution plan participant contributions and account for 35% of total 401(k) plan assets. A new study by Cerulli Associates reported these findings and revealed other key trends influencing target-date funds' popularity. For instance, 84% of plan participants cited the risk management and asset allocation features of the funds as being "very important," while 42% were attracted to target-date funds' built-in...
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Jun
17
Following Court Ruling, IRS Clarifies IRA Rollover Rule
A U.S. Tax Court ruling on IRA rollovers has the IRS changing its longstanding position. In January of this year the U.S. Tax Court ruled that the "once a year" IRA rollover rule applies to all of an individual's IRAs, not to each separately. The court's decision conflicts with a longstanding IRS position (as outlined in IRS Publication 590) that states the rule applies separately to each IRA owned, thus allowing multiple rollovers if taken from separate accounts during a 365-day period -- as opposed to a calendar year period. For its part, the IRS had not publicly indicated how it would handle the court's decision until recently, when it announced that it would uphold the court's decision and revise its rules and publications...
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May
15
Debt and 401k Retirement Savings
Debt and 401k Retirement Savings In a survey conducted by Nationwide Financial Services, 42 percent of those workers surveyed say they do not contribute to a 401k plan because they cannot afford it. This is an alarming number of you and this lack of retirement savings today will have an extremely negative impact on your standard of living during the "golden" years of retirement. If you are one of those workers who is not yet contributing to your 401k, you need to rethink your decision - yes, this also applies to those of you who are in their 20's and early 30's. Since debt continues to be the number one reason most workers don't participate in their 401k, we want to give you some simple tips on how to start funding your retirement...
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May
15
Long-Term Care: Realities and Planning Steps
Long-Term Care: Realities and Planning Steps Approximately 60% of Americans over the age of 65 will, at some point, require long-term care. This article offers tips to help finance the cost. Fact #1: Approximately 60% of Americans over the age of 65 will, at some point, require long-term care.1 For this and other reasons, more people are considering long-term care insurance. Maybe you should too. Fact #2: The average annual cost of a semi-private room in a nursing home is currently over $80,000 per year, with significant variations by state.2 Fact #3: Medicare doesn't cover long-term nursing home expenses. Medicaid will pay the cost, but to qualify you'll need to spend down your hard-earned assets. For these and other reasons, more...
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Apr
17
529 Plans: Taking Distributions
Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status -- and which do not.1 In Publication 970, the IRS gives detailed guidance on qualified expenses. Here are a few important points. What's Covered Tuition and fees are covered in full. Room and board, if the student is enrolled at least half time. But such expense must be not more than the greater of (1) the allowance for room and board, as determined by the school, that was included in the cost of attendance; or (2) the actual amount charged if the student is residing in housing owned or operated by the school. Food. If you spend a...
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Apr
17
Employers Ramping Up Retirement Plan Features
Employers are enhancing their retirement plans and increasing access to professional investment advice in an attempt to bolster employee retirement readiness. A new study by Aon Hewitt, which polled more than 400 plan sponsors serving 10 million plan participants, revealed a number of initiatives being taken to strengthen employee ability to achieve greater financial security in retirement. Key actions include the following: Boosting employer matching funds: The percentage of employers offering dollar-for-dollar matches on the first 6% of employee contributions has nearly doubled in the past two years, from 10% in 2011 to 19% today. And virtually all employers now offer some level of matching contributions. Offering immediate...
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Mar
28
Working Past Your Normal Retirement Age
The Great Recession has many older Americans considering the prospects of staying in the workforce past their normal retirement again. But, as this article explains, working past your normal retirement age is not a new phenomenon. The Great Recession has many older Americans considering the prospects of staying in the workforce past their normal retirement age. But working past your normal retirement age is not a new necessity. According to the Social Security Administration, more than 30% of individuals between the ages of 70 and 74 reported income from earnings in 2010, the latest year data are available. Among a younger age group, those between 65 and 69, nearly 49% had income from a job. Some remain employed for personal reasons,...
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Mar
28
Your Choices, Your Goals -- Make the Right Match
With thousands of stocks, bonds, and mutual funds to choose from, even the most seasoned investor can find building a portfolio overwhelming. And recent market volatility can make developing -- and sticking to -- an investment strategy challenging. By matching your investments to your goals, assembling the appropriate mix may be easier than you think. Asset Allocation Is Key Since each investment carries a certain degree of risk, taking the time to plan out your choices can pay off in the long term. The blueprint will be your asset allocation -- the way you spread your money among stock, bond, and cash investments. It can help you manage risk and return in your portfolio. The most effective asset allocation is one based on your...
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Feb
21
Three Key Retirement Income Considerations
Average life expectancy has risen steadily in the United States, so retirees and soon-to-be retirees need to ensure that they don't tap their nest eggs too heavily. There are two factors that can determine whether you'll have a comfortable retirement: The amount of money you've saved and how quickly you spend that nest egg after you retire. The rate of annual withdrawals from personal savings and investments helps determine how long those assets will last and whether the assets may be able to generate a sustainable stream of income over the course of retirement. A number of factors will influence your choice of annual withdrawal rate. The following are three key considerations. Consideration 1: Your Age and Health As you think about...
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Feb
21
Four Tips for Tax-Savvy Investors
Tags: savvy; tax; tips
A century ago, author Mark Twain wrote that the difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. Why not see if any of the strategies discussed in this article could allow you to keep more of what your investments earn? A century ago, author Mark Twain wrote that the difference between a taxidermist and a tax collector is that the taxidermist only takes your skin. Today, the IRS isn't any more popular. Why not see if any of the following strategies could allow you to keep more of what your investments earn? Look into tax-managed mutual funds. Portfolio managers of tax-managed funds can use a number of strategies to help reduce the tax bite shareholders suffer. For example, they may strive...
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Jan
27
Top Ten New Year’s Resolutions for Retirement Plan Fiduciaries
Some New Year’s resolutions are perpetual:  lose weight, exercise more,  spend more time with family and friends,  become a  better plan fiduciary.  These seasonal  resolutions may have gotten away from you last year, or perhaps your achieved your goals for 2013 and are ready to raise your target (e.g., 10 lbs. was cake and now you’re going for 20!).   In either case, while we can’t help you with your weight, we can help you become a better  retirement plan fiduciary. To get fiduciaries started down the right path in the new year, we are providing our Top Ten New Year’s resolutions that retirement plan fiduciaries should consider making for 2014: 10.          Obtain/review fiduciary liability insurance policies/riders.  Fiduciary...
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Jan
27
Balancing Your Investment Choices with Asset Allocation
A chocolate cake. Pasta. A pancake. They're all very different, but they generally involve flour, eggs, and perhaps a liquid. Depending on how much of each ingredient you use, you can get very different outcomes. The same is true of your investments. Balancing a portfolio means combining various types of investments using a recipe that's right for you. Getting the right mix The combination of investments you choose can be as important as your specific investments. The mix of various asset classes, such as stocks, bonds, and cash alternatives, accounts for most of the ups and downs of a portfolio's returns. There's another reason to think about the mix of investments in your portfolio. Each type of investment has specific strengths...
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All written content on this website is for informational purposes only. The information and opinions are provided by Sierra Pacific Financial Advisors, LLC (SPFA) and are subject to change without notice. While SPFA takes reasonable efforts to obtain information from sources that it believes to be reliable, but SPFA doesn't guarantee its accuracy or completeness.
 
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