Archive - August 3, 2016

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How will working or not working affect my Social Security?
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Financial Literacy Building Blocks for Kids
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The Golden Bear: The Bear Market of 1973

How will working or not working affect my Social Security?

Will Social Security be affected if I work longer, or quit earlier than full retirement age? This question comes up a lot whenever I speak on Social Security strategies, as I did last night at Mt. Prospect Library. As with most things about Social Security, it’s not a snap answer, and it depends on your personal situation. But here’s some pointers.

Situation #1

You’ve been out of the workforce for a number of years: being a stay at home parent, going back to school, taking care of an elderly family member, working for free in a family business.  Can you …

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Financial Literacy Building Blocks for Kids

Wed, AUG 3rd, 2016

Financial decisions were once much simpler. Let’s rewind the clock to a time when, after graduating from high school or college, individuals would begin a job at a company where they would remain for the entirety of their career. Cash inflows were simply a pay check while working, followed by a pension in the golden retirement years. Employers would fully cover the cost of health insurance, and, upon retirement, Medicare would substitute. Banking would occur at a local bank where tellers were identified by their first name, and interest was paid on cash savings. If there …

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The Golden Bear: The Bear Market of 1973

A Bear Market is defined as an index dropping at least 20% from some previous high. Smaller drops in the market between 10% and 20% are called “corrections.” Larger drops of at least 50% are called a “crash.”

Since 1950, there have been exactly nine Bear Markets in the S&P 500 Price Index (the most common representation of “the market”). Only one of these turned into a stock market crash. The other eight stopped dropping before the loss from peak to bottom was greater than 50%.

Although you might think that only eight Bear Markets over 65 …

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