One of the most difficult parts of retirement planning is knowing if you will need long-term care in the future or how much it could cost. While not everyone will need that care, it helps with activities of daily living like bathing or dressing, those who can face a large …
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How much of your retirement savings are you currently gambling with the fortune of just six companies? If you have them on an S&P 500 SPX, -0.14% Stock index fund, the answer is: about a quarter. That’s what the so-called “FANMAG” —Facebook FB, -0.70%, Apple AAPL, -0.46%, Netflix NFLX, -7.44%, …
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If you have dividends to generate retirement income, you may want to moderate your expectations. Wells Fargo joined this week’s list of 773 publicly traded companies, 63 of them on the S&P 500, whose dividends are being reduced or suspended. While you may not have seen many changes in income …
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How’s your 401 (k) going? With technology stocks leading the way, the Nasdaq Composite COMP, + 1.97% just entered unknown territory. Tesla TSLA, + 9.82% brought out a new high. So did Netflix NFLX, + 2.98%. And Amazon AMZN, + 4.11% It reached $ 3,000 for the first time. Whatever …
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If you took a mandatory distribution from a legacy retirement account this year, the IRS will allow you to return the money. The CARES Act, which became law on March 27, allowed people to omit the minimum distributions required for 2020. This is the annual withdrawal you must take from …
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