12 Jul
July 12, 2013

Some people spend more time planning their vacations than planning for retirement. But if you think about it, planning for both of these events is similar. When planning a vacation, you normally start with an ideal experience or destination in mind. Then you budget accordingly. When planning for retirement, you start by envisioning what you want your ideal retirement to look like. Do you want to retire early? Would you like to travel the world? Do you hope to

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17 Jun
June 17, 2013

The times they are a-changin’, and the world of financial advice is no different. Following in the footsteps of banking and do-it-yourself stock trading, there is an emerging trend toward wealth management firms serving clients with the aid of web technology.

It’s Becoming a Virtual World

Do you manage your checking account online, use web-based bill pay services, or shop for insurance on the internet? Most people do now. According to the Federal Reserve, over 60% of families used the internet to

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25 Apr
April 25, 2013

On Tuesday, April 23, PBS aired a program that many 401(k) plan sponsor and participants should have watched. I’m sure it was below the radar of most viewers, though, since no reality television stars, Kardashians, or other “celebrities” were involved.

The program is entitled “The Retirement Gamble” and focuses on the difficulty 401(k) participants face in reaching their retirement goals. The first hurdle is education. Participants are expected to learn how much to save, how to invest, how to select investments,

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16 Jan
January 16, 2013

Way back in early 2011, the Social Security Administration (SSA) stopped mailing Social Security statements to U.S. workers age 25 and older. Almost a year later, the SSA started sending annual statements to workers age 60 and older who were not receiving benefits. News like this doesn’t typically hit everyone’s radar; however, if you’re like me, you soon noticed that your Social Security statement did not come in the mail around your birthday. And if you didn’t do

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12 Jul
July 12, 2012

Retirees today face enormous challenges as expenses and costs continue to rise. Yet yields on bonds and fixed income assets remain depressed; the yield on short-term bonds is less than 0.5%. A longer term might yield up to 2%. How can retirees plan to meet their future income needs in such a low-interest environment?

Unfortunately, many retirees have chosen to move into assets that produce a higher yield, including high-yield bonds, high dividend-paying stocks, and master

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