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Did You Know That Medicare Is Means-Tested?

If you are a senior on Medicare you may have received a letter from the Social Security Administration (SSA) stating that your Medicare payments will be higher next year due to an Income Related Monthly Adjustment Amount (IRMAA). That’s because parts of Medicare insurance are means-tested. In other words the more you earn, the more…
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Understanding the New SECURE Act

Congress and President Trump just passed the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of another spending bill needed to keep the federal government operating for a few more months. The SECURE Act represents one of the biggest changes to retirement planning since 2010, and although there are some negative…
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Are Boomers Taking On Too Much Investment Risk?

That’s what Fidelity Investments is implying in their recently-released Q3 2019 Retirement Analysis. They reported that almost 40% of 401(k) plans owned by workers born between 1946 and 1964 maintain an allocation to stocks that is higher than Fidelity’s recommended allocation for investors in those age groups. And almost one in twelve have all their…
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A Better Gift Than Just Cash For Your Teenager

Are you trying to come up with a creative gift to buy your teenage kids for the holidays this year? Or have you given up and just plan to give them cash? In either case they might qualify for an alternative gift that effectively keeps on giving for the rest of their lives: a Roth…
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Are Your Children Earning More Than You Did?

Per Wikipedia, James Truslow Adams defined the so-called American Dream as “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.” This suggests that each generation of Americans should be experiencing a greater degree of success and prosperity than their predecessors. Is it happening? One way…
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What’s In Your ETF?

Last week the Securities and Exchange Commission (SEC) relaxed the requirement for Exchange Traded Fund (ETF) providers to disclose on a daily basis the underlying holdings in their funds. This change was requested primarily by fund companies T. Rowe Price, Natixis, Fidelity, and Blue Tractor, who would like to develop ETFs that follow what are…
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