An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits. IRAs are one of the most powerful retirement savings tools…
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Category: Retirement
Estimating Your Retirement Income Needs
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate…
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Coronavirus Concerns? Consider Past Health Crises
During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only…
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New Spending Package Includes Sweeping Retirement Plan Changes (SECURE Act)
Provided courtesy of Michael J Krupa, Krupa Wealth Management The $1.4 trillion spending package enacted on December 20, 2019, included the Setting Every Community Up…
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HOW TO MAINTAIN YOUR LIFESTYLE IN RETIREMENT
You may have heard the rule of thumb that you need to replace about 80% of your preretirement income if you want to maintain your current lifestyle when you retire. But like many rules of thumb, that advice is much too general for most people, says Herbert Poole CFP® CRC®, Retirement Development Consultant for Wells Fargo Advisors.
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