Financial Living Blog

Do You Need a Roth Conversion as You Prepare for Retirement?

Aug 3, 2022 9:49:38 AM

A Roth IRA provides several advantages in retirement when you start to use your savings for income. And, transferring funds from your traditional individual retirement account to a Roth IRA is often a terrific tax strategy.

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How to Save for the Three Different Types of Financial Goals

Jul 27, 2022 9:06:27 AM

Financial goals are never-ending. No matter your age or level of happiness, there’s always something you would like to use your hard-earned money for.

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Pros & Cons of Claiming Social Security Early vs. Delayed

Jun 22, 2022 9:54:28 AM

As with many retirement planning decisions, there is no one right way to claim Social Security. The best time for you to file depends on several factors, ranging from your health, the size of your retirement savings, what other income sources you have, and your marital status.

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What If You Retire in a Bear Market?

Jun 1, 2022 10:04:21 AM

In retirement, one of your primary sources of income will consist of your retirement savings accounts, such as 401(k)s and IRAs. Withdrawing money from those accounts while they’re down can negatively affect the longevity of your portfolio. So, what can you do if you retire in a bear market?

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The Benefits of Long-Term Investing

May 25, 2022 11:05:40 AM

During periods of extreme market declines, a natural emotional reaction can be to “take control” by selling out of the market and seeking safety in cash. This is due to “loss aversion” – or the fact that losses hurt more than gains feel good. The results of this action can be devastating because positive returns are more likely to occur by investing over the long term.

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Do I Bonds Make Sense for your Cash Reserves?

May 11, 2022 9:21:29 AM

With rising inflation, volatile stock and bond prices, and low interest rates on regular bank accounts, there are few places for investors to store any extra cash.

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Should You Expect a Recession or More Economic Growth? Yes.

Apr 27, 2022 8:02:14 AM

Let’s be honest: bonds are boring. Their relatively consistent and modest returns lack the daily excitement of erratic stock prices. So, when bonds do make headlines, it may be time to pay attention.

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Benefits of a Flexible Retirement Withdrawal Rate

Apr 25, 2022 10:01:38 AM

A successful retirement story is a tale of two parts: building a comfortable nest egg and spending an appropriate amount to make it last. Fortunately, your withdrawal rate in retirement is something you control, and you can use it as a crucial lever to avoid outliving your money.

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How Rising Interest Rates May Affect You

Apr 6, 2022 9:31:10 AM

One important factor you can’t control in your financial life is government policy. And, recently, the Federal Reserve raised its policy interest rate by a quarter of a percentage point.

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Vital Retirement Assets You Can’t Put in a Spreadsheet

Mar 23, 2022 9:23:18 AM

Retirement planning is all about numbers, right? It’s the calculation of turning your financial assets – pension, 401(k)s/IRAs, Social Security, property, sale of a business, etc. – into income to fund your desired retirement lifestyle. Except most retirees will likely tell you that a spreadsheet can’t account for everything that matters in retirement.

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