Author - Eve L. Kaplan, CFP®

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The New Paradigm of Retirement Planning
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Planning For An Unexpected & Sudden Retirement
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Why You’re Better Off Avoiding The Financial Wisdom of The Crowds
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7 Ways To Get the Most Out of Your 401k

The New Paradigm of Retirement Planning

Do worries about having enough money to cover retirement keep you awake at night? Do you feel unhappy about the prospect of having to work many more years in a job you don’t love? Relief may be at hand if you consider the new retirement paradigm that offers a reasonable trade-off between continuing work and beginning to enjoy retirement activities while you still work.

The new paradigm goes like this example:

Let’s say your financial planner explains you can’t afford to retire now – you need to work another 4 years. Is the advice more palatable if you reduce retirement …

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Planning For An Unexpected & Sudden Retirement

If you ask people what their biggest financial asset is, they invariably reply “my home” or “my investments.”  That’s true in dollar terms, but let’s look at a very large asset most folks don’t think about: their working selves.

Your biggest asset comes into play immediately when a financial plan is drawn up. Financial planners create various scenarios for our pre-retirement clients that include investment projections (rates of return), annual savings rates, the cost of various goals, etc. We recommend the optimal time to retire and counsel our clients not to retire too soon. After all – our goal is …

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Why You’re Better Off Avoiding The Financial Wisdom of The Crowds

People are programmed to follow crowds because it helps our survival. If you see a crowd running in the same direction, you’re likely to follow it since “it must know something.” Doing so could save your life.

What about following the crowd when it comes to investing? Studies show the “wisdom of the crowds” becomes a liability in the investment world. This is true not only during bubble times, but during ordinary times, too.

During bubble times, extensive research underscores the wisdom of heading in the opposite direction when everyone is enthusiastic about something. Joseph Kennedy is said to have …

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7 Ways To Get the Most Out of Your 401k

If you’re like most Americans, you don’t have enough saved in your 401(k)or 403(b) plan to cover more than a few years of retirement expenses. Average retirement plan balances typically are no more than 1 or 2 years times average annual income….woefully inadequate to cover a 25+ year retirement period. Social security was never seen as something that could plug the hole left by insufficient 401(k) or 403(b) plan balances.

However, the 401(k) and 403(b)retirement landscape is rapidly changing so it’s not too late to squeeze more juice out of your 401(k) or 403(b) plan. Here are some steps to …

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