Key Takeaways The earlier you start, the more time the power of compounding will have to work in your favor. At a 7% annual return, investing just $50 ...
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Decades in the making, the legislation would eliminate a provision that reduces Social Security payments to some retirees who also collect a pension from jobs that aren’t covered ...
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Now that Donald Trump has been elected president, many individual investors are wondering what that means for their money. The markets rallied last week on news of Trump’s win, with the Dow Jones ...
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Social Security remains one of the most reliable income sources for retirees, so it’s important to consider strategies that help make the most of it. Making smart choices around ...
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Election Day is Tuesday, Nov. 5, and the uncertainty can present pitfalls for investors. “There are a lot of emotions involved,” says Dan Lefkovitz, a strategist with Morningstar Indexes ...
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Many people in their 50s are part of the so-called “sandwich generation” of workers who support both young relatives and aging parents. Roughly 5 million U.S. households ...
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Key Takeaways: Inflation has long-term impacts on retirees’ purchasing power. Higher inflation has forced retirees to take larger withdrawals, increasing the risk of outliving savings. Becoming a millionaire ...
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Key Takeaways Sources of retirement income include Social Security, retirement accounts, pensions, dividends and employment wages. Retirees can expect to spend 70% to 80% of their pre-retirement income ...
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At one time, political disagreements were just that — disagreements. It wasn’t uncommon for political talk to make its way into conversation at Thanksgiving dinner, and when someone ...
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Until recently, I’ve never been enamored with the notion of living a longer-than-average lifespan. Perhaps this is because my primary observation was that old age didn’t look all ...
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