Category: Retirement
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Now is the time to review financial plans
In the event of stock market panic, read this: Many of my recent articles and blog comments about financial planning surround the concept that a financial wake-up call and a reality check are very badly needed by individuals and small business owners today. Recent news about the unhealthy global stock market makes it clear that many others share these…
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Financial planning tips for seniors with unaffordable life insurance
Today’s Wall Street Journal covers the topic of retirees stung by collapsing life insurance policies in this low-interest environment. I added the comment: “For those unfortunate individuals who are caught in this situation, there are some tax saving strategies that can help soften the blow. I see too many individuals who lose the benefit of the…
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NJ state workers need to revise their financial plans
(This post follows yesterday’s announcement that the state Supreme Court ruled that the state is not required to make negotiated pension plan contribution. More at NJ.com). “The future isn’t what it used to be.” New Jersey state workers and other participants in the state pension system (like teachers) who were promised solid pensions will receive less…
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How to fix your small business 401(k)
This week President Obama’s administration gave a strong endorsement of the Department of Labor’s plan to impose fiduciary obligations on investment brokers and advisors working with retirement plans. The controversial proposal is based on a belief that new rules are a needed consumer protection to prevent billions in costs due to bad advice. Most consumer advocates…