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The “Middle Generation” of Your Financial Responsibility

We have written a few articles recently about parents trying to help their children become financially responsible adults.  We’ve talked about young kids, high school aged kids, even early adult aged kids. Many people think that parents are so vigilant about their kid’s financial future because they love them and want them to be successful.  But deep down, all of use parents know that a few decades down the road, the tides will turn, and it will be those same kids that will be charged with protecting the parent’s well-being.have written a few articles recently about parents trying to help their children become financially responsible adults.  We’ve talked about young kids, high school aged kids, even early adult aged kids. Many people think that parents are so vigilant about their kid’s financial future because they love them and want them to be successful.  But deep down, all of use parents know that a few decades down the road, the tides will turn, and it will be those same kids that will be charged with protecting the parent’s well-being. [...]

The Dent of Debt In Your Retirement

We recently wrote an article about unanticipated factors in your retirement equation. We discussed the “how much you have when you retire” minus “how much you will need in retirement” balance to determine if you will be in good shape for retirement. That previous article focused on Medicare costs fitting into that equation, but this week we want to talk about a different figure that can impact your retirement plans: Debt. [...]

Fitting Medicare Costs Into Your Retirement Equation

Retirement planning, when you really simplify it, comes down to a simple math equation. “How much you have when you retire” minus “how much you will need in retirement.” If that gives you a positive number, you are in great shape. If that number comes out to a negative, well, you can see where that might be a problem. Despite that, we all know that retirement planning is anything but simple. There are hundreds of variables that contribute to each of those numbers and can change the outcome of that final equation, and it’s important to ensure your math all adds up. [...]

New IRS Tax Rule Impacting Your Retirement

Each investor faces a unique situation, with unique challenges and goals, and ultimately, unique strategies to get there. With that said, there is a general rule that most people are familiar with, and that rule is to utilize the tax benefits of a Roth IRA. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free. Unlike with traditional IRAs where you avoid taxes when you put the money in, Roth IRAs allow you to avoid taxes when you take the money out, after it’s been able to grow. [...]

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