Financially, there are reasons why you may want to work a bit longer. The case for working past 65. Increasingly, baby boomers are urged to work until full retirement age or beyond. (Social Security defines “full” retirement age as 66 for those born from 1943-1954; it...
Crucial questions & essential documents. The financial planning process is not merely a matter of numbers. When you meet with a financial advisor to map out a strategy for wealth accumulation or wealth preservation, you may find yourself intellectually and emotionally engaged on a level you...
The global economic consequences could be severe. In October, America may risk running out of cash. Treasury Secretary Jacob Lew recently urged Congress to lift the federal debt limit before October 17. Secretary Lew claims that if nothing is done by that date, the Treasury will...
What raises eyebrows at the IRS? Are you one of those taxpayers worried about being audited? The fear may be overblown – according to Internal Revenue Service data, just 1.6 million taxpayers were audited in 2011. The agency reviewed about 1% of returns sent in by...
A study suggests the “conventional wisdom” may be flawed. If you move away from equities with age, are you making a mistake? For some time, financial professionals have encouraged investors to lessen their exposure to the stock market as they get older. After all, a 60-year-old...
What changes should we consider making for next year? 2014 is really not too far away. Fall is the time of year when the financially savvy start to look for ways to reduce their taxes and make year-end moves in pursuit of key financial objectives. What might...
Glitches, “flash crashes” & other disturbances are becoming too numerous. “Why is this happening?” Those words were undoubtedly spoken on Wall Street Thursday. Perhaps you uttered them, too. At 12:14pm EST, a glitch halted all trading on the NASDAQ for more than three hours. During that...
WEEKLY QUOTE“A friendship founded on business is better than a business founded on friendship.” - John D. Rockefeller WEEKLY TIP If you are 60 now, there is a reasonable chance that you may live into your eighties or nineties. So with longevity in mind, plan retirement with wealth...
WEEKLY QUOTE“Your time is limited, so don't waste it living someone else's life.” - Steve Jobs WEEKLY TIP Too many retirement savers put a majority of their assets into a single stock (usually a company stock). Remember the merits of diversification. WEEKLY RIDDLE Two couples played paintball. Each person had blue, green,...