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…

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…

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…

Should You Play Offense or Defense?

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PLAYING OFFENSE The goal here is to score (i.e. make money in the market). In football, it means get the ball into the end zone. You get the most points from a touchdown, less points for a field goal and nothing if you have to give the ball…

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…

A Hammer and a Screwdriver

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If you were considering remodeling your house, you would likely invite a few highly-skilled carpenters to submit quotas before you picked one to complete your project. If you asked them what tools they would use to work on the project, and one…

What’s All the Fuss About Risk Management?

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Risk Management is the newest hot topic when the conversation turns to financial matters. The focus tends to be mainly on risk reduction, specifically related to investment accounts. However, there is a lot more to risk management than which…

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…