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Category: Retirement

Making Your Own ‘What To Do If…’ Plan

In the January issue of the SMI newsletter, we ran an article that recommended taking a “fiscal health day.” The idea is to take a day off from work to catch up on your financial chores and tackle all of those
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How Federal Government Workers Can Make The Most Of Their Thrift Savings Plan Options

The Thrift Savings Plan (TSP), the U.S. government’s 401(k)-type retirement plan for federal workers, has undergone an important change since SMI last wrote about it. We’ll get to that change in a moment, but first a
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Getting In Shape In 2017 With A ‘Fiscal Health Day’

Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
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2017 Contribution Limits, Deductions, and Other Rule Changes

Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. While President-elect Donald Trump has proposed sweeping tax reform, it’s impossible to know which of
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Your 10 Most Important Financial Moves for 2017

As this year draws to a close, it’s a natural time for reflection. Without meaning to sound like a politician, consider this: Are you better off now than you were at the start of the year? Financially speaking, what has
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Preparing Financially For The Death Of Your Spouse

There are turning points in life that prompt important financial decisions. What you choose to do—or not do—at such times can have a significant impact on your long-term financial well-being. The death of a spouse is one
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Maximizing Your Social Security Lifetime Benefits

Social Security provides a vital safety net for retirees. Unfortunately, the program’s rules are complex and it’s easy to make irrevocable decisions that produce less-than-ideal outcomes. This article, from the updated
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How Your Spending May Save Your Retirement

Glance at enough retirement-article headlines, and you can get the impression that you’ll never be able to retire. Consider this: According to JP Morgan (PDF), a 40-year-old with household income of $100,000 should have
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Healthcare Costs in Retirement: Will the Bark Turn Out to be Worse Than the Bite?

Fidelity just released its latest in a series of scary-sounding reports about how much healthcare is likely to cost in retirement. According to the company’s most recent analysis, a 65-year-old couple retiring this year
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Your Company’s Stock Is Dangerous

Forgive me if you've heard this warning before, but it's simply too important to not repeat it: If you own a significant amount of your employer's stock, you are taking a dangerous — and unnecessary — risk with your
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