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Latest Financal News and Analysis

| Aug 17, 2014

Welcome to the next installment in our series of Key Investment Insights: The Benefits of Diversification. In our last post, “The Myth of the Financial Guru,” we concluded with our explanation of the formidable odds you would face if you tried to outsmart the market’s lightning-fast price-setting efficiencies. Today, we turn our attention to the […]

| Aug 14, 2014

There are two emotions that can derail an investment plan faster than a Nolan Ryan fastball: fear and greed. Fear and greed tend to push investors in the wrong direction at the wrong time.  Let’s take a look at these two emotions and how they can impact your portfolio. Fear Fear is a great motivator, and it’s easy to find common examples … Continue reading

| Aug 14, 2014

Sadly the world lost two well-loved celebrities this week:  comic and actor Robin Williams and actress Lauren Bacall.  I’ve already seen a few articles discussing Williams’ financial situation and praising him for trusts he had established for his three children. In recent years the estate planning moves of actors Phillip Seymour Hoffman and James Gandolfini […]

Estate Planning Lessons from Celebrity Deaths is a post from: The Chicago Financial Planner

The post Estate Planning Lessons from Celebrity Deaths appeared first on The Chicago Financial Planner.

| Aug 13, 2014

When your Social Security retirement benefit is subject to the Windfall Elimination Provision (WEP), you’re likely painfully aware of the reduction to your own benefit by this provision. What you may not be aware of is that the effect goes beyond your own benefit – your spouse’s and other dependents’ benefits are also impacted by this provision. However, the impact of WEP does not continue after your death.  Spousal Benefit impacted by WEP The Windfall Elimination Provision results in a recalculation of the Primary Insurance Amount, or PIA, of the individual who is receiving a pension based upon earnings that were not subject to Social Security taxation.  Since the PIA is recalculated and reduced by the WEP, all benefits based on that PIA are likewise reduced. This means that even though the WEP does not directly impact Spousal Benefits of an individual, the Spousal Benefit is still reduced since the […]

Post originally appeared as Windfall Elimination Provision May Impact Spousal Benefits but not Survivor Benefits on Getting Your Financial Ducks In A Row

The post Windfall Elimination Provision May Impact Spousal Benefits but not Survivor Benefits appeared first on Getting Your Financial Ducks In A Row.

| Aug 11, 2014

Welcome to the next installment in our series of Key Investment Insights: The Myth of the Financial Guru. In our last post, “News and Market Prices,” we explored how price-setting occurs in capital markets, and why investors should avoid reacting to breaking news. It’s clear that the cost and competition hurdles are simply just too […]

| Aug 11, 2014

Markets Are Not Always Efficient Continue reading