Why It Pays to Delay Social Security Benefits

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There’s a flaw in the thinking that drives many people to start taking benefits early.   Social security is a great insurance policy. But sometimes people mistakenly regard it as just one more investment that they should try to maximize.   That kind of thinking might persuade you to take benefits sooner rather than later […]

How to Make Sure Medicare Really Covers Your Hospital Stay

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Many Medicare patients are surprised to learn they weren’t officially admitted to the hospital—and they face big bills. Here’s how to avoid the problem. If you’re on Medicare and you have to be admitted to the hospital, don’t make the mistake of assuming your costs are covered. Find out whether your visit is being treated […]

Biggest 401(k) Blunder Millennials Make

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  As National Financial Literacy Month comes to a close, let’s keep with that spirit and illustrate the damage a cash-out today can have on tomorrow’s retirement income.   While there has understandably been a great deal of media coverage about retirement savings and readiness, considerably less attention has been paid to one of the major dangers […]

Planning to Sell Your Business? Here’s How to Get Maximum Value

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Called by at least one group of authors “The $10 Trillion Opportunity,” a lot has been made of the deal activity expected to arise from baby boomers retiring or otherwise exiting from their businesses.   Estimates of how many privately held businesses could change hands, and of what kind of value they represent, vary. Data […]

The Biggest Mistakes People Make Saving For College

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Saving for college can be a challenging. These are a lot of different ways to save and a lot of different suggestions about how much to save. And parents are worried about this – according to a recent T. Rowe Price survey, 52% of parents felt it was more important to save for their kids’ college […]

The Treasures Hidden in Employee Benefits

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People often don’t realize that they’re missing out on valuable employee benefits. Here’s how one planner helps them get what’s theirs.   I’m talking with a client, Sarah, about her work benefits.   “Are you signed up for disability insurance through work?” I ask. Since Sarah, who’s in her 30s, has at least 25 years […]

4 Retirement Mistakes That Can Cost You $250,000 Or More

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Sometimes the costliest errors are ones we make ourselves, often without realizing how much damage we’re doing.   We tend to think the mistakes that derail retirement are the ones that are inflicted on us: an investment that implodes; an adviser who dupes us; a market crash that decimates our nest egg. In fact, the costliest errors are […]

4 Moves to Make Now to Cut Your Taxes for 2016

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With tax season in full swing, some people are scrambling to make last-minute deductions only to find that many of the most important deadlines for doing so have already passed. As frustrating as that may be, it should at least motivate you to begin planning ahead for next year. Here are four moves you can […]

The Safest Way To Make Your Retirement Savings Last

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“Whenever I read about annuities, I wonder why you can’t create one on your own without an insurance company. Just invest your money conservatively and then watch your expenses so you don’t blow through your savings too soon. Wouldn’t that plan work just as well, if not better, than an annuity?” — Mike J., New […]

When You Must Take Money Out of Your I.R.A. or 401(k)

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The 15th isn’t the only significant tax deadline in April. If you turned 70½ in 2014 and have an individual retirement account, you have until April 1 to make your first withdrawal — known as a “required minimum distribution” or “minimum required distribution,” in tax lingo. The rule also generally applies to other tax-deferred retirement accounts, like 401(k)s. […]