How Much Will You Spend When You Retire?

You may have heard that people spend less once they are retired. Statistically, that is true. The question is whether a retiree has enough income to meet his or her expenses. Ideally, retirees should be able to live comfortably on 70-85% of their end salaries and draw their retirement fund down no more than 4-5%…

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Tailoring A Plan To Suit You

Stocks may have a reputation for being riskier than bonds, but you should also consider the risk that investing only in bonds may not accumulate enough money to finance all your aspirations in retirement. It is true that stocks are more volatile than bonds, and there is no guarantee they will yield income, but they…

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Calculating Retirement

Yogi Berra once said, “You’ve got to be very careful if you don’t know where you are going, because you might not get there.”1 When it comes to retirement, plenty of people get there — but it may not be what they expected because they either didn’t plan, or their financial strategy didn’t help keep…

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Quick money tips for January 2017

VA mortgage benefits Veteran homeowners may be eligible for a break on mortgage payments through a Department of Veterans Affairs home loan refinance. For those who already have a VA loan, the average VA refinance features a process called “Streamline Refinance” or IRRRL. It does not require an appraisal, all fees can be rolled into…

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Just the Stats for January 2017

Are You Buying Or Selling? A report from the National Association of Realtors said that its pending home sales index, which tracks contracts signed for existing homes, fell 2.5% in November from October, and is down 0.4% from November of last year. Mortgage rates have been on the rise recently, which has the potential to…

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Funding 35-40 Years Of Retirement

Will you live to 100? Your odds of becoming a centenarian may be improving. Earlier this year, the Centers for Disease Control reported that the population of Americans aged 100 or older rose 44% between 2000-2014. The Pew Research Center says that the world had more than four times as many centenarians in 2015 as…

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Behave Yourself

“Overconfidence is a very serious problem. If you don’t think it affects you, that’s probably because you’re overconfident.”1 That’s a quote from Carl Richards,  a financial advisor, author, speaker, columnist and New York Times sketch artist who is well known for capturing the ethos of behavioral finance in simple words and pictures. The study of…

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