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1
Forget Your New Year’s Resolutions?
2
What To Do About Aging Parents: A 15 Pt Check-List
3
The Difference Between Having an Estate Plan and Wealth Transfer Plan
4
Withdrawals from an IRA – death, disability, and 59 1/2
5
Recouping Losses Is Not As Hard As You Think

Forget Your New Year’s Resolutions?

Six months ago I wrote a piece regarding New Year’s resolutions. I’d like to follow up to ask whether or not readers have followed through and are making good on the promises they made at the beginning of the year. If you find yourself as one of the individuals that has put together a plan of action and you’re moving forward – good for you! If not, what happened?

Understandably, many individuals renege on their promises made at the beginning of the year. Many factors can be the culprit. From not having enough time, not making goals a priority or …

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What To Do About Aging Parents: A 15 Pt Check-List

By Eve Kaplan, CFP® Professional

A hundred years ago people in the US were extremely old if they lived past 65. What a difference living in 2016 makes! Reaching age 65 now represents just the 2/3 mark for many people expected to live to 95 and beyond. Health, exercise and medical advances all make this possible in a way unimaginable through most of human history.

That’s wonderful news, but what happens if your aging parents weren’t expecting to live into their 80s and 90s? It could mean they become an emotional and/or financial burden to their adult children, placing some …

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The Difference Between Having an Estate Plan and Wealth Transfer Plan

Unfortunately, only about 45% of adult Americans have estate-planning documents. Generally, as one accumulates more assets as they becomes older, the probability of having estate-planning documents increases.

When you die without a will or trust, the State in which you reside has laws that determine to whom your assets will go. This may or may not be what you want. …

The post The Difference Between Having an Estate Plan and Wealth Transfer Plan appeared first on Chamberlain Financial Planning & Wealth Management.…

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Withdrawals from an IRA – death, disability, and 59 1/2

key to ageThree of the most common ways that you can withdraw funds from your IRA without penalty are: 1) reaching age 59½; 2) death; and 3) disability. Below is a brief review of each of these conditions for penalty-free withdrawal:

  1. Reaching Age 59½ When you reach age 59½, you can withdraw any amount from your IRA without penalty, for any reason. The only thing you have to remember is that you must pay ordinary income tax on the amount that you withdraw. This means that, once you have reached the date that is 6 months past your 59th birthday, you are
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Recouping Losses Is Not As Hard As You Think

There are a number of investment blogs with articles describing what return it will take to earn your money back from an investment loss. I am purposefully not going to link to any of them. They usually use emotionally charged words  to describe how difficult it is to recoup your losses from terrible market declines in order to manipulate the reader with fear to take whatever action the author recommends.

They describe what rate of future returns is required to break even. For example, if you experience a 50% loss in value, it will require more than a 50% gain …

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