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Can You Get to a Million Dollars?

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Often in life, you have investment goals that you hope to reach. Say, for example, you have determined that you would like to have $1 million in your investment portfolio by the time you retire. But will you be able to get there? In trying to accumulate $1 million (or any other amount), you should …

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Bear market ahead? Here’s what to expect

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Let’s just say that stocks are in the beginning stages of a bear market, what can we expect? If it’s an average bear, you can expect a total decline of more than 30% that will take five more months to bottom out, says Sam Stovall, chief market strategist for S&P Capital IQ. After that, stocks …

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DOL’s Perez: Fiduciary Rule to Be Wrapped Up in ‘Coming Months’

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Labor Secretary Thomas Perez said Monday that the Labor Department hopes its rule to change the definition of fiduciary on retirement advice will “reach a conclusion in the coming months,” and that the Obama administration is set to include additional measures to help workers save in the fiscal 2017 budget, to be released Feb. 9. …

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Which Birthdays Are Financial Milestones?

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When it comes to your finances, some birthdays are more important than others. Take this quiz to see if you can identify the ages that might trigger financial changes. Quiz 1. Eligibility for Medicare coverage begins at what age? a. 62 b. 65 c. 66 2. A child can stay on a parent’s health insurance …

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Required Minimum Distributions

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What are required minimum distributions (RMDs)? Traditional IRAs and employer retirement plans such as 401(k)s and 403(b)s offer several tax advantages, including the ability to defer income taxes on both contributions and earnings until they’re distributed from the plan. But, unfortunately, you can’t keep your money in these retirement accounts forever. The law requires that …

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