financial planning for your 50s

Financial Planning for Your 50s  

In your 20s, 30s and maybe even your 40s, retirement can feel like a distant reality. In your 50s, the horizon is beginning to inch closer. As such, it can be one of the most important decades for financial planning and developing a retirement savings plan. If you find you aren’t quite where you want […]

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How to Diversify Your Retirement Account

How to Diversify Your Retirement Account  

Investing all your retirement funds in one type of asset can be risky. If something happens to that asset class, your investment portfolio could be in jeopardy. Fortunately, you can mitigate the risk by spreading your funds to multiple types of assets. This is known as diversification.  Diversifying your investment portfolio can help decrease your […]

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Tax-Deferred vs. Tax-Exempt Retirement Accounts

Tax-Deferred vs. Tax-Exempt Retirement Accounts

Tax planning is a significant factor in choosing which type of retirement account best fits your financial goals. Tax-deferred and tax-exempt accounts may help you minimize your tax responsibility. While these retirement accounts handle taxes differently, both can help you retain more wealth over your lifetime.  The advantages of tax-deferred and tax-exempt retirement accounts come […]

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Actionable Ways to Protect Your Retirement From a Recession

Actionable Ways to Protect Your Retirement From a Recession

Economic downturns and inflation could impact your life savings and retirement nest egg. Recessions are a regular part of economic cycles, so one will inevitably occur at some point. However, no one can accurately predict when a downturn will occur or whether it will be mild or severe. Though it’s impossible to precisely forecast recessions, […]

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Annuity IRA: What you should know

What You Need to Know About Annuities in an IRA

An IRA annuity is an investment product that allows you to invest your IRA funds in an annuity. An annuity is a financial product that can provide you with an income stream during retirement. An IRA annuity can be a good option for those who want a guaranteed income during retirement. […]

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Secure Act 2.0 the 5 changes affecting retirement accounts

The Secure Act 2.0: 5 Vital Changes To Retirement Accounts

The Secure Act 2.0 was given house approval on November 14th and is now making its way through the senate and congress. This bill could give our retirements a big boost if it is completely signed into law, so it’s essential to understand what’s in store for you. This blog post will cover the five most critical changes from the approved Secure Act 2.0 that could affect your retirement savings! […]

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Should You Invest, Pay Off Debt, or Save for Retirement?

Choosing where to focus your finances may prove difficult with all the available options. There are benefits and drawbacks to every important financial decision. You may choose to build your savings before paying off debt. You may want to eliminate your debt before saving for retirement or save enough cash to start investing.  Ultimately, prioritization […]

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Should You Save for Your Kid’s College or for Retirement?

Saving money isn’t easy. If you’re trying to save money for retirement — and for your child’s college tuition — at the same time, you know just how difficult it can be. Fortunately, with proper financial planning, you should be able to comfortably accomplish both goals. Funding Your Retirement If you’re like many individuals, you […]

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