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Plan for the Future and Invest in the Moment
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A SIMPLE Kind of Plan
3
A Caregiving Guide for Clients and Advisors
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Women and Negotiating: Is It Worth the Risk? Part 2
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Social Security Terms

Plan for the Future and Invest in the Moment

For some of us, the time leading up to Thanksgiving through New Year’s Day is stressful. For others, it is a very busy and active time. Some of us spend so much of this time fretting or trying to accomplish tasks that we don’t really take time to be grateful. It is possible that the fretting is a way to avoid dissatisfaction with your current situation.

In a Forbes column on The Happy Habits of Appreciation and Gratitude,
you can find these words:

“We are so busy planning for the future that we are not aware of the present

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A SIMPLE Kind of Plan

The SIMPLE Plan is a type of retirement account for small businesses that is simpler (ah hah!) to administer and more portable than the 401(k) plans that are more appopriate for larger businesses.  SIMPLE is an acronym (probably a backronym, more likely) which stands for Savings Incentive Match PLan for Employees.

A SIMPLE typically is based on an IRA-type account, but could be based on a 401(k) plan. What we’ll cover here is the IRA-type of SIMPLE plan.  The difference (with the 401(k)-type) is that there are more restrictions on employer activities, and less room for error (as can be …

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A Caregiving Guide for Clients and Advisors

Today’s post has a link to a paper on caregiving. Both clients and financial advisors may find the information beneficial to identify, and manage the stress of caregiving for a loved one needing long-term care. Your comments and feedback are welcome.

Download the paper here – Managing the Stress of Caregiving – BFP

The post A Caregiving Guide for Clients and Advisors appeared first on Getting Your Financial Ducks In A Row.

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Women and Negotiating: Is It Worth the Risk? Part 2

In Women and Negotiations: Is It Worth the Risk, Part 1, we discussed how sometimes women don’t negotiate because they sense it will do them more harm than good, even though their finances and overall quality of life would benefit from earning more and having greater flexibility at work.

You’ve probably heard that ‘it never hurts to ask’ and that you have the most bargaining power after you’ve been offered a job but before you actually start. In article that says women should not always negotiate, The Atlantic offers the cautionary tale of a professor who counted on both …

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Social Security Terms

As you learn about Social Security and your possible benefits, there are several unique Social Security terms that you should understand. Below is a list and brief definitions of the most important of these Social Security terms.

Average Indexed Monthly Earnings (abbreviated as AIME) – this is the average of the highest 35 years of your lifetime earnings, indexed to inflation. Each year’s earnings is indexed based on when you reach age 60, and the highest 35 years are averaged. This average is divided by 12, to result in the monthly average. The AIME is used to determine your PIA. …

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