Fresno Financial Consultant Update: How Can I Catch Up on My Retirement Savings?

If you find yourself getting closer to the date you pictured retiring but you haven’t been able to save anything toward that goal, then you’re not alone. It’s actually a fairly common situation, financial advisors say. “I think people just don’t want to talk about it because it’s almost taboo,” says Cory Phillips, a financial…

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Fresno Financial Consultant News: Can Working Past 65 Affect Your Medicare Premiums?

More than half of Americans age 40 and up expect to continue doing paid work after retirement, according to TD Ameritrade. This includes 86% of people in their 50s, while a remarkable 92% of people in their 40s expect to keep working after dialing back their main career. If you plan to work into your retirement…

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Fresno Financial Planner Update: Are Annuities Worth the Investment?

New research by Mark Warshawsky, the retirement income guru who’s now a visiting scholar at George Mason University’s Mercatus Center, suggests more retirees should consider making an immediate annuity part of their retirement portfolio—and also highlights a reason why many people may simply ignore this advice. When it comes to turning retirement savings into lifetime retirement income,…

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Fresno Financial Planner News: How Can I Plan For Old Age?

Thelma Sutcliffe turned 114 years old in April, making her the oldest living American and the seventh-oldest person in the world, according to the Gerontology Research Group. The Omaha, Nebraska, resident attributes her relative good health and longevity to the fact that she never had children, never smoked and made it a habit not to…

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Fresno Financial Advisor Update: What Tax Strategies Should I Keep In Mind?

In an effort to pay for new legislation, the Biden administration has proposed higher taxes for the nation’s highest earners. The president advocates returning the top tax rate to 39.6% for individuals earning $452,700 or more, and married couples with more than $509,300 in combined taxable income.1 This top tax rate was just reduced in…

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Fresno Financial Advisor News: What Will the Labor Market Look Like in the Post-Pandemic Era?

According to the most recent Future of Jobs Report by the World Economic Forum, 50% of employees will need new skills training by 2025 as the pace of technological innovation continues to grow. Among business leaders, 94% say they expect employees to learn new skills while on the job, compared to just 65% who made…

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