4 Ways to Protect Yourself From America’s Retirement Savings Crisis

The forecast for Americans’ retirement savings? Gloomy.   No, I’m not a pessimist. I’m simply looking at savings habits in this country and have come to the realization that in general, most Americans are ill-prepared for retirement.   Our newest article on Yahoo Finance, 4 Ways to Protect Yourself From America’s Retirement Savings Crisis, reveals that we’re not approaching a retirement savings crisis, we’re already in one. How am I so certain? Consider these statistics: 28 percent have saved less than $1,000 for retirement Of those age 55 and older, 29 percent have no retirement savings whatsoever Almost 75 percent […]

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Family All Together At Christmas Dinner

We need to talk…about money.

Having a hard time discussing money? You’re not alone. According to a survey from the American Psychological Association, 36 percent of Americans are uncomfortable talking about their finances and 18 percent consider money a taboo subject in their families.*   Dr. Barbara Nusbaum is a specialist in financial psychology. When it comes to this sensitive subject, she encourages open communication, despite the tension such discussions can evoke: “We need to recognize that money and planning often bring up a lot of stress and anxiety. In my experience as a psychologist, money is by far the hardest thing to talk about.”** […]

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Skip the Financial Resolutions in 2016 and Try This Instead

Making a New Year’s resolution for 2016? You might be surprised to hear that a quarter have already given up on saving more money or losing weight this week. Just 8 percent remain committed to their resolutions for an entire year.   While it may sound like the goal-setters themselves are failing, I’d blame the actual concept of a resolution itself. Despite their popularity, maybe setting resolutions is an annual tradition that should finally be retired.   Our latest article on Yahoo Finance Skip the Financial Resolutions in 2016 and Try This Instead, proposes this exact idea. Examining research conducted […]

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Why Investors Aren’t to Blame for Small Nest Eggs

Back in the spring, a government report alerted to the fact that Americans approaching retirement have shockingly little saved. Its findings: 52 percent of households age 55 and older have no money socked away in a 401(k) or IRA.   Most experts direct blame at would-be savers themselves. Granted, some people’s personalities are better suited to save for a rainy day than others. But that doesn’t mean those who struggle to save should be expected to remake their entire personalities.   Our latest article on Yahoo Finance, Why Investors Aren’t to Blame for Small Nest Eggs, explores ways the financial […]

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10 Estate Planning To-Dos

Part of life is losing our loved ones. Sadly, my own mother passed away a few weeks ago.   As with every life experience, I try to learn from it and improve my actions going forth, while also sharing any knowledge I gain with others. Seeing my parents age and losing my mother taught me quite a bit about estate planning. While our planning was pretty good, there were definitely things that I could have prepared better for.   Having a good understanding of your parents’ finances and making sure that they have the appropriate legal documents certainly helps at […]

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Market Pullback – A Q&A with the Ibbotson Investment Team

Last week, stock markets fell globally in the toughest week of 2015 to date. Investors weighed concerns over China, the potential for interest rates to rise in the U.S., and rocky emerging markets. Below, read more about what we think matters most to investors—and how they might respond. As of market close on August 21, 2015, the S&P 500 Index declined 6.9% from its late-May peak, while most other global equity indexes have experienced steeper losses from their respective 2015 highs. For instance, U.S. small cap stocks (Russell 2000 Index) have dropped 10.3% since late-June, while equity markets outside the […]

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The Best Way to Invest? Pay Yourself First

You’ve heard the advice countless times: Save for retirement. Accompanying that directive is always a whiff of depressing obligation – that in order to save successfully, you need to be relentlessly frugal, make constant sacrifices, be a Debbie Downer. It’s all so dutiful and painful-sounding that it’s no wonder that almost 50% of Americans save 5% or less of their household income.   Fortunately, there’s a way to avoid all that depressing talk about penny-pinching and still build a substantial nest egg. Our newest article on Yahoo Finance, The Best Way to Invest? Pay Yourself First, teaches you to change […]

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20 Minutes to a Better Financial You

Maybe you’re the type that lies awake in bed thinking about the balance of your credit card. Or perhaps you obsessively watch the ups and downs of the stock market online. As most of you can probably attest, it’s easy to be anxious about money. So it’s no surprise that year after year, financial matters are named as the number one cause of stress.   But that doesn’t have to be the case. One of the easiest ways to banish this anxiety is to spend just 20 minutes crossing something off your money to-do list. Doing so will not only […]

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Is It Better to Save for Retirement or Your Child’s College Fund?

What’s more daunting, paying for college or paying for your retirement? While one year at a public four-year university costs $9,139 (or $31,231 at a private school), you can only guesstimate how much money you’ll need to fund your golden years.   That’s why deciding whether to funnel more savings towards your child’s education or your retirement savings is a particularly tough decision. Our latest article on Yahoo Finance, Is It Better to Save for Retirement or Your Child’s College Fund?, examines the pros of each scenario. Saving money for your daughter’s education can make her transition to adulthood smooth. […]

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3 Ways ETFs Can Help You Invest

  While their popularity has surged over the last decade (to the tune of more than $2 trillion in assets as of the end of 2014 according to the Investment Company Institute) exchange-traded funds, commonly referred to as ETFs, still remain somewhat of a foreign concept to many investors. ETFs are versatile investment vehicles that can be used to create a diversified investment portfolio, or used to target virtually any segment of the market. In fact, ETFs serve as the building blocks for TradeKing Advisors’ asset allocation portfolios. In this blog, we’ll provide a brief primer on ETFs, as well […]

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