Monthly Archives November 2016

Five Secrets All Wealthy People Understand

If you’ve been listening to the news, you know that one percent of people now own half of the world’s wealth. It seems like the wealthy know something we don’t! But really, the secrets of getting ahead aren’t such a mystery after all. While you might never become as rich as Warren Buffett or Bill Gates, you can put some of these lessons to use in building your own nest egg. Spending should match your goals. True, it’s much easier to lecture on spending when you have plenty of money lying around! But contrary to popular belief, most wealthy people
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When Should You Start Withdrawing Your Retirement Money?

Throughout your working years, you might focus on meeting a particular savings goal so that you can retire. However, once you retire, your focus will shift from saving to spending. It will be time to begin taking distributions from your retirement fund, and you hope for this money to last for the rest of your life. Therefore, you should carefully strategize your retirement plan distributions. At age 59 ½, you can first begin taking distributions from your retirement fund. However, since most people are still working when they reach this age, it is often better to keep the money in
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Three Things You May Need to Do Before Dec 31

This year has certainly flown by, and before long we’ll be watching the ball drop on New Year’s Eve. But before you get too busy with shopping, traveling, and party planning, remember to schedule some time to monitor your finances. In fact, there are three very important things you should do before the end of the year. Some financial decisions are time-sensitive, so pencil these item into your calendar! Make the maximum contribution to your retirement account. As you know, saving for retirement doesn’t just set you up for a secure financial future. Contributions to an employer-sponsored retirement fund can
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4 Changes Coming to Social Security Next Year

For most Americans, Social Security is part of the retirement picture. The problem is that rules change, triggering the need for people to make adjustments in how they plan on collecting their Social Security benefits. Step one is to fully understand the implications of the changes so that educated decisions can be made. The following changes may or may not affect you, but it makes sense for anyone approaching retirement to stay updated on news concerning Social Security. As always, if you feel concerned about any of these items, or just have questions in general, give us a call and
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