5 dos and 5 don'ts of financial planning

If you’re in your 50s, retirement is on the horizon.  Here are some important financial planning decisions you need to avoid. Don’t dip into retirement.  With the average employee having seven careers in a lifetime, there’s a possibility that you’ll experience seven or more temptations to cash out an IRA rather than roll it over. …

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Roth IRAs versus traditional IRAs

The primary difference between Roth IRAs and traditional IRAs is the point at which your investment is taxed.  Contributions to a Roth IRA are not tax-deductible and withdrawals are generally tax-free.  The benefit to Roth IRAs is that there are fewer restrictions and requirements.  For inheritance purposes, passing a traditional IRA to your children means…

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4 Baby Boomer housing decisions

Owning a home is part of the American dream, or at least it has been.  It’s a bit up in the air for the Millennials and while that gets sorted out, the Baby Boomers are still keen to own their own home.  A US News story looked at seven housing trends for Baby Boomers which…

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A Reverse Mortgage to Increase After-Tax Wealth

By Emily Study A recent column published by the Wall Street Journal states that using proceeds from a reverse mortgage could help retirees strategically maximize the after-tax value of their wealth. In his column, Wade Pfau — a professor of retirement income at The American College in Bryn Mawr, Penn. — suggests that reverse mortgage…

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Not the same old doctor

Experts project that by the time 2020 rolls around in just five years, the American health care field will see a shortage of 20,400 primary care physicians.  One thought is that primary care nurse practitioners (NPs) and physician assistants (PAs) could relieve some of the strain since their numbers are increasing more rapidly than the physician…

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