Retirement Planning: What Women Do Right — MassMutual
Women, it seems, have the temperament and resolve to potentially manage their money more effectively than men, character traits that could help counter some of the significant financial headwinds against them as they seek to build a retirement nest egg.
5 Smart Ways to Use Your Home Equity — U.S. News & World Report
Cash-strapped middle class families may be richer than they think. Or at least, that could be true if they have owned a house for a while. Equity in a home – that is, the value of a property in excess of any mortgage balance – can be a powerful financial tool if used correctly.
5 Smart Ways to Use Your Home Equity — Yahoo! Finance
Using home equity to pay for a major purchase can make financial sense. The danger of using home equity is that a borrower might be tempted to extend the repayment period. “When you get into them, you have to have a plan to pay them off,” says John Gajkowski.
How Might Changes to Obamacare Affect You? — Daily Worth
Newly installed President Donald Trump has made healthcare legislation a top priority during his administration, and a Republican Congress appears willing to repeal the landmark legislation. But with no consensus on a replacement plan, many Americans are wondering how potential changes may affect them.
It was another joyful holiday season and your gifts to friends and family did not disappoint. Sure, you went a bit over budget, but you did elicit some memorable “wows.” Now, as you set your sights on a happy and halcyon 2017, you must first settle up/make peace with the credit card companies that bankrolled your generosity.
16 signs you’ve ‘made it’ in America — Business Insider
Below, find 16 signs from the survey that you’ve “made it.” And remember: Just like the Dream has evolved over time, it also varies from person to person. Whether or not you’ve truly “made it” isn’t about your car or travel schedule. It’s completely up to you.
Are bonds always the safest investment bet? That depends on what kind of investor you are — Yahoo! Finance
“Everything has risk,” Coutu said. “You just have to understand where the risk is, and then determine if you can tolerate it.” The first step is to evaluate whether bonds should be part of your portfolio at all.
Bonds aren’t always surest bet for every investor’s portfolio — CNBC
The problem, advisors say, is that many investors think all bond investments are risk-free. The truth is more complicated. The idea, advisors say, is to understand the benefits that bonds bring to an investment portfolio and the various risks that come with them.
In addition to financial support for big-ticket items, it’s common for grandparents to shower their grandchildren with toys, books and clothing, but Gajkowski suggests splitting your spending between those items and a savings fund.
Steps to take to ensure a satisfying retirement — The Washington Post
You’ve probably seen them both: the happy retiree and the bored, miserable retiree. The fact is fewer Americans say they are “very satisfied” in retirement, and increasing numbers are not at all satisfied.
Local Financial Advisor Receives Advanced Training from America’s IRA Experts at Ed Slott and Company, LLC — Chicago Tribune
2-Day Workshop held for members of Ed Slott’s Master Elite IRA Advisor Group to train on the latest retirement account planning strategies, new tax laws and guidelines for new Department of Labor (DOL) Fiduciary Rule.
Halloween is Saturday, Thanksgiving is right around the corner and the hectic holiday season is coming soon, so there’s no better time to get your money matters in order and nail down a 2016 game plan. Money stuff you need to address includes your investment portfolio, debt load, retirement savings and insurance needs.
Dave and Kathy Frazier are among the dwindling number of Americans eligible for generous pensions in their fifties. The most intimidating task on the horizon, though, is financing college for the couple’s children, Austin, 10, and Emily, 8.
Turning a Job Loss in to Early Retirement – The Wall Street Journal
The woman called financial advisor Nancy Coutu in a panic.
Her 57-year-old husband had just lost his job as a system programmer. The couple had planned to retire in five years and was still $300,00 short of their retirement savings goal. Now they faced the prospect of having to close that gap without the husband’s $80,000 annual salary and his 401(k) match. His pension also was reduced substantially to only $13,000 a year.
Sound Strategy for Your Financial Future – Chicago Women Business Leaders
When a man lost his job at age 50, he realized he was unlikely to get another one that paid as well, due to his age and other factors. Fortunately, he and his wife had been working with Chicago-based Money Managers Financial Group (MMFG) to ensure they would have enough to retire. “They had already amassed a pretty good sum in their retirement portfolio,” says Nancy Coutu, CFP®, founder and president. “They sold their house in Illinois and bought a substantially less expensive one in Arizona. That was 15 years ago. They still have enough money for another 25 years, if they need it.
5 of the Biggest Money Mistakes Retirees Make – Yahoo! Finance
When you’re young, you can afford to make some financial mistakes. The closer you get to retirement, however, the more costly those missteps can be. And whereas past generations often just waited for their pension checks to come each week, nowadays retirees have to handle most of the saving themselves and figure out how to allocate that money for a longer life span.
Retirement: Plan ahead for these 5 nasty surprises – USA Today
You’re all set for retirement. You’ve been planning and saving for years. You’re just two years away from the big day, and everything’s on track.
Then, boom! Something happens. An unexpected legal or medical expense. A grown child moving back home after a divorce. If it happens when you’re about to retire or are already retired, it can throw your well thought-out retirement plan into chaos.
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