When we’re young, each birthday seems special, but for most of us, birthdays lose their luster as we age. Can we bring some of that magic—a definition that surely changes as we get older from toys and treats to more adult concerns like saving money and living the retirement of our dreams—back? Remember these particularly…

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In 2021, the U.S. stock market experienced record years, despite the COVID-19 pandemic persisting. The S&P 500 had more than 70 all-time highs—second only to its performance in 1995—and gained 26.9% by years’ end. Similarly, the Dow Jones Industrial Average and Nasdaq had a great year, gaining 18.7% and 21.4%, respectively. Most economists agree that…

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Before starting a new job, one of the key questions you’ve likely inquired about is your company’s 401(k) benefits. When you start the job, you’ll probably be handed a packet with the benefits information—and that’s it. You’re often left to your own devices to figure out the ins and outs of the plans available to…

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Understanding capital gains, losses, and assets are important to your overall financial strategy. Asset appreciation, like from your stocks or real estate, is exciting, especially when you sell for a profit, but don’t forget that Uncle Sam wants his cut, too. What Are Capital Gains and Capital Assets? To discuss capital gains, we must first…

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Homeownership generally means having a mortgage looming over you for 15–30 years—an intimidating thought for some. It’s only natural that you want to pay that debt off as quickly as possible, especially if you’re nearing retirement and will no longer be accumulating money with your income. There are arguments for both sides of paying off…

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Financial missteps from high-earning individuals, like doctors, can be especially costly. Do you struggle to manage your finances or want to improve your money habits? Or are you looking for additional ways to maximize your income and retirement savings? Here are 17 money mistakes doctors and other high earners can make and how to avoid…

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Required minimum distributions are important to your overall income strategy in retirement, but the rules can be complex, especially if you have multiple retirement accounts. Read on for more about what a required minimum distribution is, how to calculate it, and special exceptions for taking an RMD. What Is a Required Minimum Distribution? Put simply,…

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Millions of Americans are entering retirement encumbered with mortgages. The proportion of homeowners aged 65+ who still carry a mortgage doubled over the last 30 years—from 21% in 1989 to 42% in 2019. The median loan balance increased to $86,000 in 2019 from $18,000 in 1989. Lastly, and maybe more concerning, over a quarter of…

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Today’s dollar buys far less than it did 10, 20, and 30 years ago—much like today’s dollar will not have the same purchasing power in 10, 20, and 30 years in the future, meaning that as time goes on, your money will not stretch as far as it did when you entered retirement. Inflation basically…

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Have you ever heard your grandparent say, “I remember when a gallon of milk cost 30 cents!”? Shoot, you may even have examples from your lifetime! I remember when a gallon of gas was a little over a dollar—and I’m a millennial. There’s one big reason for these stories of “better times” when things cost…

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