Money Management

Ways to Avoid Financial Scams

According to a recent survey, about two-thirds of adults age 70 and older fall for online scammers. Here are some tips to remember about some of the latest frauds:1 • Medicare does not employ “sales representatives.” • Apple and Microsoft do not sell virus protection software for your computer. • There is no African prince…

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What Is a “Safe” Retirement Withdrawal Rate?

In an investment portfolio, the withdrawal rate is the monetary percentage from which a retiree draws from his account each year. A “safe” withdrawal rate is a fixed percentage distributed as a systematic withdrawal that reasonably expects portfolio funds to last throughout the retiree’s lifetime. When determining your personal retirement withdrawal rate, it’s important to…

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Planning to Travel in 2017? Here Are Some Tips

Traditional vacation prep used to entail choosing a budget destination, buying some traveler’s checks and heading to the airport just in time for your flight. For many, that list of things to do has changed drastically. “Wellness travel” has become a big draw for vacationers who are willing to spend around 140 percent more than…

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Who is the Middle Class Now?

The definition of middle class can vary depending on who you ask. A young college graduate with a $22,000 entry-level job may consider herself middle class because her parents were, she graduated from college and she’s just starting her white-collar career. A married blue-collar worker with two children making $41,000 a year may consider himself…

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Investing for Your Future on a Budget

It’s never too late to save for retirement. If you are rapidly approaching your retirement date or have already retired, it’s important to have extra to save for what lies ahead. Saving and preparing for the future doesn’t always require having deep pockets. There are several things that you can do to save for retirement…

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