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Retirenet Media Team
With inflation cooling, the Federal Reserve may cut interest rates in 2024. This move could lower borrowing costs, stimulate the economy, and boost sectors like housing. However, it also poses risks of rising inflation and financial market instability.
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Ed Slott & Company
Found in: Financial Planning
There’s a lot of great information available on the Internet. There’s also a lot of misinformation. Some advice is misleading, and some is just plain wrong. The Internet is no substitute for expert financial and retirement planning advice.
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Sarah Schanneman
Found in: Financial Planning, Retirement Planning
Preparing for retirement is like nearing the finish line in a marathon: after so long, the end is finally in sight. In fact, that finish line is really the starting line in a different race—and in order to run it successfully, you have to plan for it.
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Ed Slott & Company
Found in: IRAs
Hurricane Sandy did considerable damage in the Northeast part of the United States. As a result, the IRS issued several news releases describing the postponement of IRA and other retirement plan deadlines for victims affected by Hurricane Sandy.
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Editorial Staff
Found in: Financial Planning, Fraud Prevention
Are you overlooking the must-do task of protecting your identity? Long gone are the days when taking steps to protect your identity was optional, or something you did only if you had reason to believe your identity had been compromised.
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Ed Slott & Company
Found in: Estate Planning, IRAs
Many of you have stepchildren. It’s perfectly fine to name stepchildren as the beneficiary of your retirement funds. However, care must be taken when naming them beneficiaries. Oftentimes, you need a spouse's consent.
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Editorial Staff
Found in: Retirement Planning
Will you have enough to retire on? Or, will you outlive your money? These are important questions to ask, as Americans are living longer than ever before. And a recent study shows that many feel financially unprepared to live longer.
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Editorial Staff
Found in: Fraud Prevention
You’ve probably dreamed about what you’d do if you won the lottery—quit your job, build your dream home or even donate a large sum of money to your favorite charity. Scammers know these dreams and feelings well...and prey on them.
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Ed Slott & Company
Found in: Estate Planning, IRAs
What options do you have when the estate inherits the IRA? If someone tells you it must be cashed out, don’t fall for it. Occasionally, there may be no other option, but don’t just take their word for it—be sure what the IRA agreement says.
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Ed Slott & Company
Found in: IRAs, Retirement Planning
We’ve all heard that half the marriages in the United States end in divorce. Many times after a divorce, the IRA owner forgets to change the beneficiary. In most cases, courts have ruled that the ex-spouse is entitled to the funds despite the divorce.
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