Retirement Savings

Help clients manage the costs of health care in retirement

What would you like to know A 65-year-old couple can expect to spend $ 300,000 on health care in retirement, not including long-term care. HSAs can be a great way to save on these costs. Customers need your help planning for this big expense before they reach retirement age. In …

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Fullerton Fund Management Partners with Maybank Singapore to Launch Retirement Solution for Investors Across Three Different Life Stages

Fullerton Total Return Multi-Asset Income is designed to offer regular payments and capital appreciation with potentially lower downside risks SINGAPORE, June 4, 2021 / PRNewswire / – Fullerton Fund Management (“Fullerton”) has partnered with Maybank Singapore to launch Fullerton Total Return Multi-Asset Income (the “Fund”) for investors to build their …

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New legislation could allow you to use 401 (k) money for emergencies

The CARES 2020 law passed in response to the coronavirus pandemic allowed workers to access blocked retirement savings in vehicles such as 401 (k) plans and individual retirement accounts (IRA) for related emergencies pandemic without triggering the 10% levy on early withdrawals. In a rare act of bipartisanship, Senator James …

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Here is the average net worth of Americans aged 75 and over

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. The most recent Consumer Finance Survey released by the Federal Reserve shows the median US household net …

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Best Interests Standard of Due Diligence for Advisors # 52 | Faegre Drinker Biddle & Reath LLP

The “fiduciary rule” of the Ministry of Labor, PTE 2020-02: the FAQ This series focuses on the new DOL fiduciary “rule”, which came into effect on February 16. This article and the following articles examine frequently asked questions (FAQs) published by the DOL to explain the fiduciary definition and the …

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Fewer older people claim social security at 62. Here’s why it’s a good thing. | Personal finance

The danger of claiming social security at 62 Applying for benefits as early as possible means having that extra income on hand sooner. But there is a financial penalty for claiming benefits before FRA. Social security benefits are reduced by 6.67% per year for the first three years they are …

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Commentary: Ready to play defense with your retirement savings? | Business columnists

• If your portfolio suffers a 20% loss as a result of a combination of investment declines and portfolio withdrawals, your portfolio will need a 33% return to overcome that loss the following year. • The challenge intensifies with a larger loss. If your portfolio loses 35% in total, it …

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Reassessing Your Personal Finances – The New York Times

If you are considering a career change, starting your own business, or making some other major life change, there may be a financial cost, at least in the short term. At a minimum, “you should have a spreadsheet with the bills and things you need to have covered regardless of …

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Clark ‘Big Joe’ Column: Retirement Choices Often Include ‘Heavy Lifting’ | Columns

The initial motivation for accumulating assets was to provide future opportunities during an elusive and vague future known as retirement. Creating future choices was the name of the game. Everyone loves options, but few enjoy making decisions. When you save for retirement, you are making current sacrifices, passing on things …

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