Author: Frank

4 Tax Tips to Consider for 2019

The deadline for filing your 2018 tax return is right around the corner. Have you filed your return yet? If so, were you satisfied with the outcome? Or were you surprised by how much you paid in taxes last year? The recent tax law dramatically changed the tax code. For many Americans, the law means […]

The Most Common Conditions That Cause a Need for Long-Term Care

According to research from the U.S. Department of Health and Human Services, long-term care is a probable outcome for many retirees. The agency estimates that today’s 65-year-olds have a 70 percent chance of needing long-term care at some point in their lives. While a third of all seniors will never need care, 20 percent will […]

How Much Income Will Your Qualified Plans Generate in Retirement?

Are you one of the millions of Americans using a qualified plan such as a 401(k) or 403(b) to save for retirement? Do you also contribute to a traditional or Roth IRA? These vehicles are powerful retirement accounts because they offer tax-deferred growth. That means you avoid paying taxes on growth while the assets are […]

Gen X: Your Retirement Catch-Up Plan

Are you a member of Generation X? Generally defined as individuals born between the mid-1960s and early 1980s, Generation Xers today are in their 40s and 50s. They still have time to save for retirement, but it’s quickly approaching on the horizon. Generation X has faced a number of challenges, including the financial crash of […]

What’s Your Strategy to Pay for Long-Term Care?

What will be your biggest financial challenge in retirement? Will it be trying to protect your assets and avoid market risk? Or perhaps you’re worried about managing your spending so your funds last through your lifetime. Maybe you’re concerned about taxes or keeping up with inflation. For many seniors, the biggest challenge may be long-term […]

Roth Conversion: Is It Right for You?

The IRA is one of the most popular retirement savings vehicles. There are several variations, but in recent years the Roth IRA has become an increasingly popular option. Roth IRA balances grew 51 percent from 2010 to 2013, while traditional IRA balances grew 28 percent over that same period. In 2013 more than $6 billion […]

What Should You Do With the Balance in Your Former Employer’s 401(k)?

According to a study from the U.S. Government Accountability Office (GAO), more than 25 million Americans left their 401(k) balance in a former employer’s plan during the 10-year period from 2004 through 2013.1 There’s nothing technically wrong with leaving your balance in the old plan, but it could create challenges as you plan for retirement. […]

3 Unique Challenges Women Face in Retirement

New research suggests that women may face greater financial challenges in retirement than their male counterparts. A study from the National Institute on Retirement Security found that women age 65 or older are 80 percent more likely to live in poverty than men. Women age 75 to 79 are three times more likely.1 Why are […]

3 Steps to Help You Retire Early

Do you want to retire early? You’re not alone. A recent study from MSN found that two-thirds of millennials want to retire before age 65.1 That’s well before Social Security’s full retirement age of 67. While early retirement may be a desirable goal, it can also be a challenging one. Early retirees face a number […]

Life Insurance Tips for Single Parents

According to the 2017 Insurance Barometer Study by Life Happens, only 60 percent of respondents agreed that single parents of young children need life insurance. On the other hand, 82 percent of respondents said married couples with young children need life insurance protection.1 Single parents often may be in greater need of life insurance protection […]

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