Blog Retirement Planning

Student Loan Update

By Chelsie Smith / April 14, 2022 / Comments Off on Student Loan Update

Moratorium Extended President Biden extended the student loan moratorium to August 31, 2022. This is the seventh extension and gives the over 43 million student loan borrowers a little more time to push off repayment of their loans without accruing any interest. While this is a short extension, there has been talk of extending into…

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Unclaimed Property and Retirement Benefits

By Chelsie Smith / March 17, 2022 / Comments Off on Unclaimed Property and Retirement Benefits

Unclaimed Property According to the National Association of Unclaimed Property Administrators, 1 in 10 has unclaimed property, and over $3 billion is returned each year. Unclaimed property can include uncashed paychecks, checking and savings accounts, stock, safety deposit box contents, insurance payments, etc. To search for your unclaimed property, follow these steps: Access the website:…

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Medicare Open Enrollment for 2022 Begins October 15

By Susan Van Tress / October 14, 2021 / Comments Off on Medicare Open Enrollment for 2022 Begins October 15

Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open Enrollment Period — which begins on October 15 and runs through…

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Taking Advantage of Employer-Sponsored Retirement Plans

By Susan Van Tress / March 19, 2021 / Comments Off on Taking Advantage of Employer-Sponsored Retirement Plans

Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating in it, you should be. Once you’re participating in a plan, try to take full advantage of it.  Understand your employer-sponsored plan  Before you can take advantage…

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The Huge Cost of Doing Nothing

By Matt Hargreaves / May 28, 2019 / Comments Off on The Huge Cost of Doing Nothing

  One of the biggest decisions when transitioning into adult life is when to start saving.  Putting off savings till later comes with a cost of waiting.  Cost of waiting describes the opportunity cost when an individual decides to wait before beginning to save money.  This cost can result in a smaller portfolio at retirement,…

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Time is Running out for the SIMPLE Retirement Option

By Ben Rickey / September 26, 2017 / Comments Off on Time is Running out for the SIMPLE Retirement Option

Time is Running out for the SIMPLE Retirement Option  Are you considering starting a retirement plan for your small business?  Have under 100 people and want to make it easier to get them enrolled?  Then you only have a couple of days left to establish your SIMPLE Retirement plan.  They must be established by October…

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Train for Your Financial Success

By Michelle / August 17, 2016 / Comments Off on Train for Your Financial Success

The 2016 Summer Olympic Games conclude this week in Brazil. Whether or not the athletes walked away with a medal, just getting to the Olympics takes years of hard work and something that’s been called the “Olympic Mind Set”. This mindset includes embracing healthy living, seeking success, and believing in themselves. It also includes a…

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2016 Changes Coming to Social Security and Medicare

By Ben Rickey / December 18, 2015 / Comments Off on 2016 Changes Coming to Social Security and Medicare

The budget bill signed by President Obama in November included significant changes to the Social Security program. The changes have left many pre-retirees scrambling to make sense of the new rules. Here’s a breakdown of some of the changes coming: The Good News *No COLA. Existing Medicare beneficiaries won’t see an increase in their Medicare Part…

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Bad News for Some Medicare Beneficiaries

By Michelle / November 3, 2015 / Comments Off on Bad News for Some Medicare Beneficiaries

According to the Social Security Administration, Medicare Part B premiums will be going up beginning January 1, 2016 for more than 7 million Americans. The reason for this increase has to do with the decision not to do a cost of living increase for social security in 2016. A provision in the law states that…

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Getting the most from your Social Security Benefits

By Ben Rickey / July 20, 2015 / Comments Off on Getting the most from your Social Security Benefits

It can be one of the most important financial decisions you’ll have to make in your life – when to begin taking Social Security retirement benefits.  The years between 62 and 70 can make a world of difference to your financial future and the future of your spouse and heirs. Often, the decision can be…

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