Posts by Marketing

Small-Business Growth Has Economic Benefits

A promising way to jumpstart the U.S. economy is by helping more entrepreneurs establish their own businesses. The 30.2 million U.S. small businesses represent 99.9 percent of all businesses in this country. They employ nearly half (47.5 percent) of America’s total workforce. If you need further proof that small businesses can provide an economic boost,…

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The Economic Implications of Working Past Retirement Age

Many people are working past traditional retirement age to accumulate more money for a potentially longer retirement than in previous generations. In 2018, almost 20 percent of Americans age 65 and older were employed or actively looking for work. While there may be positive benefits for older workers, the research is mixed on how this…

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What to Do With Your 401(k)?

Whether you change jobs or retire, a 401(k) plan is a terrible thing to waste. In fact, what you do with a 401(k) should be part of a larger plan for your financial future. As a general rule, you have four options. Option One: Leave Your Money in the 401(k) Many employer plans allow former…

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Social Security: Facts and Tidbits

The Social Security Administration issues about 5.5 million new cards each year. Social Security numbers go out of use when their owners pass away and are never reused. Also, the first three digits of the Social Security number reflect the application location for your first card. Here’s another interesting tidbit: You can apply to have…

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Why Retirement Portfolio Design Should Be Flexible

There is one predominant reason why retirement portfolio design must be approached differently today than in previous years: There is an infant alive in this world, right now, who is expected to reach age 200. That’s the prediction from demographers researching life expectancy trends, according to Olivia Mitchell, a business economics and public policy professor…

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Where is Dad’s Money?

Imagine if, sadly, Dad dies or becomes incapacitated. You’re in charge of handling all his financial affairs, from managing his investments to putting income sources in place for Mom. There’s just one problem: He was an old-school guy who never consolidated his assets or set up online accounts. Also, it appears he worked with different…

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Social Security Benefits: Spouses, Ex-spouses and Surviving Spouses

As you begin the retirement planning process, it’s important to have a strategic income plan with regard to Social Security benefits. It is particularly important for married couples to consider not only when the primary breadwinner should begin drawing benefits but also how that start date could affect a spouse whose benefit is derived from…

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Who is Caring for Our Elderly?

The “elderly” portion of retirement is the phase that is past travel, golf, shopping, piggyback rides and puzzles on the floor with the grandkids. It can often consist of isolation, loneliness and boredom — possibly compounded by the inability to drive, take a walk or even hear loved ones talk on the phone. Many continue…

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The Millennial Effect

Recessions have consequences, and the Great Recession of 2008 may have produced one of the most influential consequences of all: the millennial mindset. Because of their early experiences in the “real world,” this generation is poised to have long-term significance — comparable to baby boomers — in work, play and politics. If you think boomers…

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Affordable Housing a Challenge for Many Americans

If you live in or have recently visited one of America’s larger cities, you may have noticed that the homeless problem has grown in recent years. A 2018 analysis by real estate data company Zillow showed that while the level of homelessness has declined nationally — down 13 percent over the past eight years, according…

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