Top 5 Factors that Can Derail a Baby Boomer's Retirement - Factor #4: Failing to Prepare for Spiraling Health Care Costs

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Talk to a typical Baby Boomer and ask them about their retirement plan. Most of the time, they will describe what I refer to as the “A” plan. This is the ideal American dream. Work hard, enjoy life, save/invest your money, retire at age…

Top 5 Factors that Can Derail a Baby Boomer’s Retirement - Factor #3: Inflation

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Inflation cuts purchasing power When some people say, "I'm not an investor," it's often because they worry about the potential for loss. It's true that investing involves risk as well as reward. However, there's also another type of loss…

Seven Critical Things to Do Before Retiring

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If you’re thinking of retiring, and wondering if you’re ready, there are some critical planning issues that need to be examined. Below is just a partial checklist of some items that you should consider. How many of these important issues…

Top 5 Factors That Can Derail a Baby Boomer's Retirement - Factor #2: Managing Expenses

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Talk to a typical Baby Boomer and ask them about their retirement plan. Most of the time, they will describe what I refer to as the “A” plan. This is the ideal American dream. Work hard, enjoy life, save a little, retire at age 65 (at the…

Social Security: It Pays to Know the Rules

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For most retirees, Social Security will play a significant role in their overall retirement income picture. And when it comes to the rules for how Social Security works, most people are at least somewhat familiar with the basics, such as the…

Top 5 Factors That Can Derail a Baby Boomer's Retirement - Factor #1: Credit Card Debt

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Talk to a typical Baby Boomer and ask them about their retirement plan. Most of the time, they will describe what I refer to as the “A” plan. This is the ideal American dream. Work hard, enjoy life, save a little, retire at age 65 (at the…

We Have Something to Talk About

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As a financial advisor, my personal goal is to have a positive impact on my clients, every day. I think one of the most fulfilling parts of my job is helping women prepare for retirement. It is also the most fun because every day is different.…

Social Security and Medicare Reducing Benefits to Wealthy Americans

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What is Means Testing and Should it be Applied to Social Security and Medicare? Many Americans are now hearing that “means testing” is the way to equate the perceived inequities in government benefits by having the top 1% of Modified Adjusted…

My Financial Plan Has Been Derailed. What Do I Do Now?

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You've got to take the time to review all of your financial assets in order to assess the damage. It is only through knowledge that you can move ahead to shore up your losses and plan for the future. 1. Assess your damage. Don't be like an…