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Can We Afford to Live to 100?

Can We Afford to Live to 100?

Presented by | December 11, 2017

Our increased longevity poses a retirement planning challenge. Some of us may retire at 65 and live to 100 or 105. Advances in health care may make this a strong possibility. The corresponding question is: will we outlive our money? More people are spending more of their lives in retirement. According to the actuaries at […]

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End-of-the-Year Money Moves

End-of-the-Year Money Moves

Presented by | December 4, 2017

Here are some things you might want to do before saying goodbye to 2017. What has changed for you in 2017? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to […]

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Refrain from Tapping Your Retirement Funds

Refrain from Tapping Your Retirement Funds

Presented by | November 27, 2017

Resist the temptation. Your future self will thank you. Retirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the progress of retirement planning, even if the money is later restored. In a financial crush, a retirement account may seem like a great source […]

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Park City resident asks, ” What are the retirement plan contribution limits for 2018?”

Park City resident asks, ” What are the retirement plan contribution limits for 2018?”

Presented by | November 20, 2017

Slight increases have been made due to mild inflation. You will able to put a little more into your workplace retirement account in 2018. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans thanks to inflation and made other adjustments worth noting. Contribution limits for 401(k)s are […]

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Understanding Inherited IRAs

Understanding Inherited IRAs

Presented by | November 13, 2017

What beneficiaries need to know and consider At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future. Who was the original IRA owner? If the original owner was your spouse, you have a fundamental choice to […]

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The Republican Tax Reform Plan

The Republican Tax Reform Plan

Presented by | November 6, 2017

What is in it? What could its changes mean for you, if they become law? Major changes may be ahead for federal tax law. At the start of November, House Republicans rolled out their plan for sweeping tax reforms. Negotiations may greatly alter the content of the bill, but here are the proposed adjustments, and […]

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Retirement Plan Trusts

Retirement Plan Trusts

Presented by | October 30, 2017

These tools can shield inherited IRA assets from lawyers and creditors. Inherited IRA assets are vulnerable in bankruptcy proceedings. Many older IRA owners and their beneficiaries do not realize this, but it is true. In Clark, et ux v. Rameker (2014), the Supreme Court ruled 9-0 that inherited IRAs cannot be defined as “retirement funds” […]

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Is Your Company’s Retirement Plan as Good as It Could Be?

Is Your Company’s Retirement Plan as Good as It Could Be?

Presented by | October 24, 2017

Many plans need refining. Others need to avoid conflicts with Department of Labor rules. At times, running your business takes every ounce of energy you have. Whether you have a human resources officer at your company or not, creating and overseeing a workplace retirement plan takes significant effort. These plans demand periodic attention. As a […]

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How Much Should You Save By Age 30, 40, 50, or 60?

How Much Should You Save By Age 30, 40, 50, or 60?

Presented by | October 16, 2017

What number should you strive to reach? It is agreed that the earlier you start saving for retirement, the better. The big question on the minds of many savers, however, is: “How am I doing?” This article will show you some rough milestones to try and reach. (Keep in mind that you may need to […]

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Retiring Before 60

Retiring Before 60

Presented by | October 10, 2017

If that is your dream, explore whether these steps could be useful to take. How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement […]

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