Category: Retirement

Can CalPERS Really Get A 7% Return From Stocks?

As reported in CIO magazine, the California Public Employees’ Retirement System (CalPERS) terminated 14 out of 17 of its outside equity managers late last year and cut the allocation to outside management from over $33.6 billion to less than $6 billion. That represents a total of $181 billion in equity that will be managed in-house.…
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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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Worried About Social Security Going Broke?

Concerns about Social Security (SS) running out of money pop up from time to time in the financial media. Beyond the headlines there are a number of misconceptions regarding what that really means. In this post I’ll explain what could happen and what the consequences might be. The situation is a lot less dire than…
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