Posts by: Rick Rodgers

A recent study(1) conducted for Northwestern Mutual found one in three Baby Boomers (33%), the generation closest to retirement age, have less than $25,000 in retirement savings. A survey(2) conducted by GoBankingRates found only 23% of Americans over age 55 had saved $300,000 or more for retirement. This age group said the biggest reason for […]

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I recently came across an article titled “Stock Market’s Soaring Volatility Mirrors 1987 Crash.” Yikes! Does this mean another crash is coming? The article stops short of predicting a crash. It does, however, talk about similarities in the amount of volatility experienced in the 2018 stock market thus far and the volatility of 1987 before […]

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Is a life well-lived measured by the size of our bank accounts and how much property we acquired? Or is it measured by our relationships and the condition of them when we leave?

What we leave behind, most importantly our words and deeds, are reflected in the lives of those we touched. Are you taking […]

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The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the ability to use recharacterization to reverse the conversion of a Traditional IRA into a Roth IRA. The process of undoing a Roth conversion was called a “Roth recharacterization.” This rule existed because tax payers often did not know what their total income would be […]

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We are now nine years into one of the longest bull markets in U.S. stock market history. The Dow Jones Industrial Average has risen more than 280% from the low on March 9, 2009. The question many investors are asking themselves today is “How long can this continue?” Can the market possibly continue at this […]

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Taxpayers in the highest tax bracket should take a long-term view of tax planning. This method can help lower long-term tax liabilities.

Taxpayers in the highest tax bracket should take a long-term perspective to save taxes. The top income tax rate is 37%, but it might be higher when you add the Medicare surtax. It’s […]

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I’m wondering how many people have returned to their old habits now that the Equifax data breach is not in the news every day. Protecting personal information to avoid identity theft needs to be ongoing. There is probably no way to remove all risk of identity theft, but there are many steps that can be […]

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2017 was a terrific year for the equity markets. The S&P 500 index was up more than 20%. International equities out performed domestic equities for the full year which was the first time since the great panic of 2008-2009. You would expect that such a strong performance across the board would have people asking about […]

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Fear of Money or Losing Money can Force Bad Investment Behavior

Chrematophobia (also called Chrometophobia) is the intense fear of money. Some phobics are only afraid of the corrupting power of money, while others might fear financial failures or the responsibility money brings[1]. News stories about market volatility can also lead to fear […]

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Illinois may become the first state in the United States with a junk credit rating. The state has been trying to figure out how to pay $15 billion of unpaid bills and close a pension shortfall of $251 billion. It has been rumored the state will need to halt the sale of lottery tickets because […]

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