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Backdoor Roth IRA

What Is the Backdoor Roth IRA?

As you probably know, there are income restrictions in qualifying for contributions to a Roth IRA. It’s something we’ve discussed before, but, just to recap, here are those income limits for 2016: • Single filers – unless you make $117,000 or more in earned income, you are eligible for full contributions, after which only partial contributions are […]

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Sequence of Returns Risk

What is Sequence of Returns Risk? And Why Should I Care?

Whenever I’m teaching a class on building solid financial systems for retirement, I’ll ask if anyone has heard of sequence of returns risk. Typically, no more than one hand in the room will go up. It’s alarming how few are familiar with this principle. And yet sequence of returns risk is perhaps the greatest threat most […]

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Why long-term care insurance can be important

Why Long-term Care Insurance?

Since beginning this blog, I’ve had more than a few requests to address long-term care insurance. So, I think today is as good a day as any to tackle these concerns. Here’s a sampling of the questions I’ve been asked… What exactly does long-term care insurance cover? Do I need it? If so, why do I need […]

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Are you saving enough for retirement

Retirement Plan Checkup – Are You Saving Enough?

I was thinking this morning that I hadn’t yet scheduled my annual physical. Sometimes, when we believe we’re doing a good job at something, like taking care of ourselves, we forget to ask an expert’s opinion. After all, I’ve always been an active person. I love hitting the sand for some beach volleyball, and I […]

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Saving for college

College Tuition: How Much Should You Be Saving?

I was thinking this morning that I hadn’t yet scheduled my annual physical. Sometimes, when we believe we’re doing a good job at something, like taking care of ourselves, we forget to ask an expert’s opinion. After all, I’ve always been an active person. I love hitting the sand for some beach volleyball, and I […]

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Avoid IRA rollover mistakes

Don’t Wreck Your Rollover – Avoid These Costly Mistakes

Let’s face it… for many planning for a comfortable and secure retirement can feel overwhelming at times. But then again, anything worth doing has never been easy, right? There are literally hundreds of complex regulations governing your retirement accounts alone. It breaks my heart whenever I meet people who believe they did everything right, only […]

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Social Security and Retirement

Will Social Security Be Around When I Retire?

With presidential candidates out stumping their platforms, you’ve probably noticed Social Security back in the news. As the candidates unveil their visions for America, we are learning more about their positions on – among other things – Social Security. So what better time to revisit a question I’m frequently asked: “Will Social Security be around […]

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Simple Strategies for Social Security Survivor Benefits

Late last year, Congress chose to eliminate one of the more advantageous Social Security claiming strategies. Those changes took effect this year. I’m talking about the wildly popular “File and Suspend” strategies which paid spousal and dependent benefits while earning delayed retirement credits. Naturally, I’ve spent a lot of time since these changes advising married […]

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