Posts by Jon Magoch

3 Common Questions About Social Security

While Social Security shouldn’t be relied upon to be the sole source of income during retirement, it can play an important role in your overall financial strategy for retirement. But making sense of the basic ins and outs of Social Security can be overwhelming. Here are three questions people commonly ask as they approach retirement…

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Selling Your Home? Do These Things Before You List.

Ahhh, summer. The time of year when our thoughts turn to swimming, frozen treats, and … moving? Reports indicate that summer is the most popular time to relocate, with 48 percent of moves happening between May and August.1 In May, the National Association of Realtors announced existing-home sales are forecasted to jump 3.5 percent in…

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Tax Cuts Coming? Planning Suggestions

The White House recently introduced what it billed the “biggest tax cut” in U.S. history. While a presidential tax proposal is not likely to get passed without significant changes, the fact that Republicans dominate both chambers of Congress suggests 2017 may well be a year in which significant tax reform is engineered.1 One thing should…

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Keeping Connected With the Ever-Changing Internet

If you’ve watched national news in the past year or two, you’ve likely heard debates about net neutrality, which is the principle that internet providers should allow access to content regardless of the source and without blocking certain sites. In the waning days of the Obama administration, the Federal Communications Commission passed a rule preventing…

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How to Help Make Retirement Income Last

Building up a retirement nest egg is one thing, but making it last throughout your lifetime is quite another. With a larger share of the financial responsibility for retirement shifting from employers to employees, it’s more important than ever to explore all income strategies to help determine what is most appropriate for your situation. One…

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How Long is ‘Till Death Do Us Part?’

One result of today’s longer lifespans is that marriages last longer too — unless they’re cut short by divorce. People may have been more likely to stay married when retirement lasted just 10 or 20 years, but now that more retirees live into their 80s and 90s, divorce is a more common option. Between 1990…

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So You Think You Know

The American College recently made this 2107 Retirement Income Literacy Quiz available.   Many think they know all they need to when it comes to managing finances in retirement, but the stats of the survey show that almost THREE QUARTERS of respondents didn’t post a passing grade.  You can read more about the quiz results here or take…

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Keeping Up With The Fiduciary Standard

Recently, the U.S. Department of Labor published the final regulation of what is known as the “Fiduciary Rule,” delaying implementation for 60 days from its scheduled start date. The newly expanded definition of fiduciary investment advice is scheduled to go into effect June 9, 2017.1 The rule holds certain financial professionals to a fiduciary standard…

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What is a “Safe” Retirement Withdrawal Rate?

In an investment portfolio, the withdrawal rate is the monetary percentage from which a retiree draws from his account each year. A “safe” withdrawal rate is a fixed percentage distributed as a systematic withdrawal that reasonably expects portfolio funds to last throughout the retiree’s lifetime. When determining your personal retirement withdrawal rate, it’s important to…

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