As the COVID-19 strain of the coronavirus flows through our nation’s population, many Americans may find themselves working shorter shifts, working from home, on paid or unpaid medical leave, furloughed or even laid off. While additional remedies from federal, state and local governments may be forthcoming to help households sustain financial stability, there are programs…

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Within the scope of an investment portfolio, the commonplace 401(k) may seem to be a simplistic account. But it’s not, especially when it comes to estate and legacy planning. The named beneficiary on the plan will inherit your 401(k) regardless of your will’s instructions. And from there, a spectrum of various choices emerge based on…

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We are all unique individuals with distinct personalities, likes and dislikes as well as different ways of talking, thinking, solving problems and interacting. We have exclusive modes of expressing ourselves through dress, grooming and our own catchphrases. And, we each have our own way of thinking about money. Some of us are frugal, some are…

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According to the National Oceanic and Atmospheric Administration, the amount of heat stored in the upper levels of the ocean reached an all-time high in 2019. This is a primary factor that contributes to the rise in sea levels. Furthermore, the world’s five warmest years have all occurred since 2015.1 On the heels of Davos…

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The Supreme Court recently said it wouldn’t fast-track a hearing to discuss the end of the Patient Protection and Affordable Care Act (aka “Obamacare”), which means it’s unlikely a ruling will come before the 2020 election.1 Instead, Congress is engaged in a slow-moving discussion of health care issues with varying degrees of potential impact. In…

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That first summer after they graduate from college. When they get laid off. After a divorce. There are plenty of times in life when adult children, albeit reluctantly, move back in with their parents until they can get on stronger financial footing. Unfortunately, this has a way of happening right about the time when parents…

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The more extreme weather that ravages summer and winter, the more we appreciate the comparably moderate temperatures of spring and fall. But if the weather isn’t enough to lift your spirits after a long, cold winter season, here are six more reasons to celebrate spring. Less crime: Research has found that robberies drop 27% during…

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If you’ve been lucky enough to receive employer-subsidized health insurance throughout your career, retirement may be a bit of an eye-opener. Many retirees expect Medicare to cover all their health care expenses, but it doesn’t. You’ll pay a premium for comparable coverage, plus you may have to contribute to deductibles and copays throughout the year.…

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According to Merrill, four of the most common risks to your retirement strategy are:1 A significant market drop shortly before or early in your retirement Inflation reducing your spending power over time Unexpected medical and/or long-term care expenses Outliving your assets If you are nearing retirement, it might be time to review your current financial…

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Common sense would suggest older workers have a much easier time saving than young adults. They are more likely to have already purchased a home, put kids through college and, by that point, are putting more money away for retirement. A recent study by the Transamerica Center for Retirement Studies confirms this is true, but…

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