I only invest in __________

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In practicing retirement planning for many years, I have come across many people with a variety of opinions on what type of assets should be owned heading into their retirement years. The range of opinions spans the spectrum from “I only invest in income-producing real estate” to “I only invest in U.S. Treasuries.” Many people […]

Plan for a retirement that could last for 30 years or more

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The price of a first class postage stamp in 1985 was 22 cents. The price of a first class postage stamp in 2015 is 49 cents. The price of a stamp has more than doubled in price in 30 years. Here is my question: are you and your significant other prepared for a potential three-decade retirement with […]

Social Security is complicated

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Here is an intriguing thought. According to the 2009 Social Security Claiming Guide published by the Center for Retirement Research at Boston College, you can raise your monthly (Social Security retirement) benefit more than 75%, if you wait. It is easy to understand that the longer you wait to claim Social Security benefits, the higher […]

Planning begins with a blank piece of paper

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Begin comprehensive planning a minimum 10 years before you plan to retire by having a written financial plan and start to proactively execute the strategies. You can begin saving even without a plan. I started contributing to an IRA account when I was 24 years old. I started depositing $600 a year although the maximum […]