What is YOUR Purpose in Retirement?

Where did the idea of retirement come from? It was not that long ago that most people were fully employed in their teens and worked until they died in their mid-30s. The concept of retirement began in the Revolutionary War when pensions were offered to those who suffered battle injuries.

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A Good Plan Can Help Take the Pain out of Capital Gains

Bob and Carolyn have been retired for ten years. When Bob retired, he had accumulated a comfortable nest egg of $1.8 million. His employer had an employee stock purchase program allowing him to invest through payroll deduction. The stock had done well over the years, paying cash and stock dividends

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Contributing Too Much to Your IRA Can Cost You

You are probably aware of the IRA penalty for taking money out of an IRA or Roth IRA too early. Distributions prior to age 59½ are subject to tax and a 10% penalty (see exceptions). You may also be aware of the penalty for taking distributions too late. Required minimum

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Creating an Online Social Security Account

You may be wondering what happened to the annual Social Security benefits statement you used to receive in the mail. The handy four-page statement usually came three months before your birthday with an estimate of your benefit amount at retirement. Back in 2011, the Social Security Trustees’ report revealed that

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The Biggest Key to a Happy Retirement? Your Health.

You have finally retired. Congratulations! Now you can live the life you have been dreaming about and working towards your entire career. No doubt you will want to make the most of it and that entails enjoying it as long as possible. The good news is that men currently age

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Congratulations! You’re Retired…..Now What?

We all think life will be better and easier after retirement. To a degree, that assumption is correct. Creating financial independence means you are no longer beholden to a job or employer. This gives tremendous freedom. However, with that freedom comes greater personal responsibility. As you make the transition from

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Are Your Heirs Ready? 3 Lessons to Teach Children About Wealth Now

Forbes recently reported that we are at the brink of the largest intergenerational wealth transfer in history1. Over the next 30 to 40 years, $30 trillion in assets will pass from one generation to the next in the United States. The Center for Rural Pennsylvania estimates2 that in Lancaster County, Pennsylvania

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Dos and Don’ts of Retirement Planning

Planning for retirement is like running a marathon. Set a steady pace and keep going. It is also important to have a strategy in place to reach retirement and do something each year that moves you closer to realizing it. Here are some dos and don’ts to help you reach

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