Retirement Planning

Let’s Start with a Vacation!

If you’re someone living across the northern tier of the continental US, February can be miserable. Read these comments from Keith Ecker, a blogger who lives in Chicago: T.S. Eliot got it wrong. February is the cruelest month. It is …
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Life Satisfaction from Cash on Hand

It’s time for another “Person A / Person B” comparison. These hypothetical individuals are the same age, work for the same company, and earn the same incomes. Here are abbreviated net worth statements for each of them: Persons A and …
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Retirement Spending: The Difference Between Theory and Practice

Among his many memorable quotes, Hall of Fame baseball player Yogi Berra once said, “In theory there is no difference between theory and practice. In practice there is.” If he hadn’t made it in baseball, Yogi could have been a …
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Resolving Tribal Conflict in Retirement Planning

Find your number. Orange Money. Long-Term Smart. Together We’ll Go Far.  Are you type E? From a consumer’s perspective, it might appear that the only distinction among the many institutions that offer retirement planning services is their marketing slogans. But …
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At Retirement, How will Your Cards be Shuffled?

The random returns from non-guaranteed investments can be compared to playing cards drawn from a shuffled deck. You know that a regular deck of playing cards consists of 52 cards, but the order in which you receive them will be …
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Strategy: Pay Life Insurance Premiums with Portfolio Earnings

One of the psychological hurdles in deciding to include whole life insurance in your financial program is the requirement of regular premium payments, possibly for the rest of your life. (Which could be a long time.) It is possible to …
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How Two Health Care Laws Uncovered a “Bulked Up” Retirement Account

  The moment a new law is enacted, someone is wondering if there is a way to take advantage of it. This dynamic is frequently seen in financial regulation. Lawmakers use taxes and incentives to generate revenues and influence group …
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Creative “Event Insurance”

            Conceptually, whole life insurance can be thought of as a financial instrument designed to accumulate and deliver cash for one or more yet-to-be determined future events. The ultimate future event is an insurance payment …
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Average Annual Rate of Return: (If you’re going to use It, know what it is)

A common way to assess the performance of a financial product is to calculate its average annual rate of return. This calculation can be a valuable tool for consumers because it provides a consistent measurement of progress and may allow …
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The Government Reserves the Right to Move the Goalposts

  An often-overlooked risk in government-sponsored benefits, including tax-favored savings and retirement plans, is the possibility that the rules will change. In practice, the “possibility” is more likely an “inevitability”: the rules will change. A recent example of government “moving …
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