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Benefits of Rebalancing

Diversifying your investment portfolio means putting together a mix of stocks, bonds and other investments with your financial goals, time horizon and risk tolerance in mind. Your mix is called your asset allocation. The idea behind diversification is that, overall, owning different kinds of investments should earn you higher returns with less risk than holding any individual investment. Establ...

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Income Planning and IRMAA in Retirement

Medicare is an area that practically every American will encounter when planning for retirement. It sits at the intersection of health and wealth in your financial life plan, and so often surfaces across a range of long-term planning conversations. Plus, Medicare and its associated costs can be a confusing topic, given the program’s various parts, costs and benefits. With approximately 10,000 Am...

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Market Commentary: Q2 2020

Our evidence-based investing portfolios are strategically invested with a focus on long-term performance objectives. Portfolio allocations and investments are not adjusted in response to market news or economic events; however, we evaluate and report on market and economic conditions to provide our investors with perspective and to put portfolio performance in proper context. Global stock markets ...

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Relief for Retirement Account Owners

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law. Since then, the U.S. Treasury Department has issued guidance to clarify and, in some cases, expand the provisions of the CARES Act dealing with retirement accounts and the relief offered to retirement account owners and/or beneficiaries. We’ll answer some questions you may have about this new gu...

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Code Name: Monte Carlo

What do you get when you assemble a dozen or so of nuclear science’s greatest minds, give them access to the world’s first electronic general-purpose digital computer, and spend $2 billion during the height of World War II? An atomic bomb of course, and a sophisticated simulation technique code-named Monte Carlo. Monte Carlo simulation was developed by scientists working on the Manhattan P...

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Reframing the Social Security Claiming Decision for Married Couples

For many, correctly answering the question, “When should I begin to take my Social Security benefits?” is a critical step toward making sure their retirement income and savings last at least as long as they do. For others, who perhaps are lucky enough to have accumulated a more substantial nest-egg, the decision may have less of an impact on their ultimate chances of a “successful” retirem...

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Cultivating an Abundance Mindset, Even in Difficult Times

Cultivating an “abundance mindset” might be far down your list of what needs attention today. In times such as these, you might even believe that the thing most in abundance right now is a mounting variety of very real financial stressors. That’s a fair point to make, and you most certainly would not be alone. In fact, events over the past few months likely have only served to highlight the ...

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Have a Conversation, for You and Your Family

During this pandemic, you may have family or friends whose health has been directly affected by COVID-19. And the longer you live, the more people you know will face significant health concerns. Making sure you and your family are prepared for these situations – now and in the future – is an act of kindness. If you have ever been responsible for helping someone deal with medical issues, perhap...

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Minimize Regret Over Maximizing Returns

“Maximizing returns” is a phrase that you’ll hear bandied about ad nauseam on both Wall Street and Main Street. As in, “My goal is to maximize my returns.” Is it though? Is that really the goal? Bronnie Ware would beg to differ. More on her in a moment. Personally, I can’t remember coming across anybody who I would have surmised to be living a full, peaceful and centered life around ...

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Money and Happiness

“Wealth is not his that has it, but his that enjoys it.” – Benjamin Franklin Contrary to the popular saying, money can buy happiness, but only if you spend it in the right way. Behavioral economists and social psychologists have studied this topic – the intersection between money and happiness – quite a bit in recent years, and we can all benefit from their findings. As you might expect,...

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Is COVID-19 Creating An Education Planning Crisis?

Few things in our lives have been so dramatically altered throughout the COVID-19 crisis as school and education. From online coursework to cancelled proms to a March devoid of Madness but full of uncertainty about whether or not college campuses would even reopen for the fall semester, there seem to be even more questions than answers. How events unfold is especially high stakes for the students ...

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What Illustrating Your Wealth Transfer Plan Can Show You at a Glance

We all know that legal documents, at least for those of us who aren’t attorneys, can be complex and often overwhelming to digest. Your estate planning documents, for example, likely contain dozens of pages of unfamiliar jargon and language we simply seldom encounter – or would ever use ourselves – in day-to-day life. But these documents also happen to be something that just about everyone wi...

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What Is ‘Bracket Creep’ and How Do You Avoid It?

With so much financial information coming at us each day, and at a time when everything seems to be changing, trying to stay on top of the terminology can be overwhelming. It can be a daunting task even to begin figuring out whether you, personally, need to pay attention to any of it. One topic that seems to surface a lot – maybe because it sounds so ominous – is “bracket creep.” We have h...

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Kitces and Levine Named Industry Leaders

Buckingham Wealth Partners Head of Planning Research Michael Kitces, and Director of Advanced Planning Jeffrey Levine were both named two of the 25 top industry leaders on the IA25 as decided by readers of Investment Advisor. Buckingham is one of only three firms to have multiple leaders named to the list. Both Kitces and Levine shared insights into how advisors can best serve their investor clien...

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The Key To Saving More For Retirement: Using Your Imagination

The coronavirus is dominating our attention so pervasively in the present moment that the notion of retirement seems even more distant for savers. That’s understandable—natural, even. But it’s precisely our fixation on the present that causes us to struggle to follow through on our intentions to secure our future. Let me show you why. I have a proposition for you: I’d like to give you one ...

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6 Steps to Help Protect a Loved One from Financial Elder Abuse

Financial elder abuse – defined by the National Committee for the Prevention of Financial Elder Abuse as the illegal or improper use of an elder person’s funds, property or resources – can take numerous forms and will cost seniors billions of dollars each year. Its impact on an elder person’s emotional, physical and financial health – and thus longevity – can be significant and long-la...

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Charitable Giving Opportunities Under the 2020 CARES Act

The government’s massive COVID-19 and economic relief package – the CARES Act, which was signed into law in March – contained some significant measures to encourage immediate charitable giving to nonprofits. These included revisions to the Internal Revenue Code intended to provide additional tax benefits to taxpayers supporting charities. Specifically, the CARES Act permits individuals to de...

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Top 10 CARES Act Provisions You Need to Know About

What programs in the government’s enormous coronavirus and economic relief package – the CARES Act, which went into effect at the end of March – apply to you, your financial goals this year, and your longer-term plan? How do you even begin to get a handle on everything in the law, or at least what’s important to you? Well, we’ve reviewed the legislation and put together a list that cover...

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Maximizing Outcomes by Reducing Taxes Over Your Lifetime

As a kid, if you get $20 from your parents the world opens up and the possibilities seem just endless. Candy bars, apps, the latest “it” thing and so much more can be yours. You pull out your spend, save and give jars and plop that crisp bill right into the spend container. As an adult, financial life is a bit more complex. You have to create and implement a comprehensive, values-based financi...

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What Do You Do When Markets Are Down? Build Wealth!

It never feels great to see the stock market drop, especially by a lot, and then watch as your portfolio’s value falls with it. Fear, frustration, anger, anxiety, helplessness – each is a totally understandable and even appropriate response. But all circumstances, no matter what part of life they touch, come with context. And nothing about the context surrounding current market events happens ...