Are You Willing? The Steps You Take Now Will Determine Your Retirement

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USA Today recently published a study, which found that while many Americans with significant savings fear going broke in retirement, they are not willing to cut back on their current lifestyle to save for the future. About 55% of respondents…

Are There Rough Seas Ahead for the Markets During 2015?

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Although it was only a few weeks ago that we were celebrating the holidays, and an overall good performance in the markets for 2014, what we have seen thus far in the U.S. and International stock AND bond markets may be glimpse of what we can…

Three Ways to Overcome Greed and Fear When It Comes to Investing

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I recently read a commentary by Mitch Goldberg, president of ClientFirst Strategy, on CNBC’s website which was very illustrative of how I feel about 2014. Here are some excerpts as well as my own comments. Thankfully, January 2015 is behind…

What Do I Do Now That I'm Retired?

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A recent survey from USA Today showed that the majority of pre-retirees (72%) would like to keep working in retirement. As co-founder of Ohio CareerConnect, a job-seeker’s networking group in the Cleveland area, I have met with hundreds…

Thinking of Retiring Early? It Might Cost You $50,000!

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Are you thinking of retiring early? Maybe you are tired of your job, you are in transition, or you are just mentally ready to retire. Whatever the reason, when you compare your retirement income to your expenses, make sure you consider what…

Free Money from the United States Government?

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First, let’s be clear. Social Security may be the best source of retirement income since it protects against market downturns, interest rate declines, inflation and longevity risk. It also provides benefits for a spouse and survivor. It's…

Are Baby Boomers Headed for the Poor House in Retirement?

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We keep reading about how the Baby Boomers (those born between 1946 and 1964) haven’t saved enough money. Are they prepared for retirement? The Social Security administration (SSA) uses data from the Current Population Survey (CPS), conducted…

Naming a Trust as the Beneficiary of an IRA

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Two topics that are often very confusing for people are estate planning and asset protection. Below is an example of a situation that was historically a common estate planning technique for estates with a value greater than $600,000, but has…

Where Are You on the Road to Retirement?

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It is no surprise that a lot of Americans are not properly prepared for retirement, and that many are not even aware of it. For financial advisors, it is not uncommon to meet and speak with people that have not saved enough money to support…

Top 5 Factors that Can Derail a Baby Boomer's Retirement - Factor #5: Failing To Position Investments For Growth

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Factor #5 – Failing to Position Investments for Growth This is the last of 5 articles in the series, which has focused on the top threats to retirement. Although each individual or couple may face many other challenges along life’s path,…