Is this age group preparing adequately for the future? Provided by Peter Miralles, CFP®CIMA®CLU How would you guess Gen X is faring when it comes to retirement saving? Americans born between 1965 and 1980 are approaching what should be their peak income years, and many of them have actively contributed to workplace retirement plans, IRAs, […]

What Expenses Could Change When You Retire?

Some costs could rise, fall or even disappear. Provided by Peter Miralles, CFP®CIMA®CLU Your retirement may seem near at hand or far away, but one thing is certain: your future will differ from your present. Financially, that fact is worth remembering. Some of the costs you have paid regularly all these years may suddenly decrease […]

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Retirees Are Racking Up Credit Card Debt

New statistics point out an alarming financial problem. Provided by Peter Miralles, CFP®CIMA®CLU $6,876. That is the average amount of credit card debt owed by an American household headed up by an individual aged 65-69.1 If you are newly retired or close to retiring, that figure may alarm you. It is more than twice the […]

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Could a Self-Directed IRA Help You Solve a Real Estate Issue?

It might prove to be a better choice than a 1031 exchange. Provided by Peter Miralles, CFP®CIMA®CLU Did you know you can buy & sell real estate using a tax-deferred retirement account? It is completely possible to do that if you have a self-directed IRA – that is, an IRA that permits alternative investments. Why […]

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October Is National Financial Planning Month

Saving is a great start, but planning to reach your financial goals is even better. Provided by Peter Miralles, CFP®CIMA®CLU Are you saving for retirement? Great. Are you planning for retirement? That is even better. Planning for your retirement and other long-range financial goals is an essential step – one that could make achieving those […]

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You Retire, But Your Spouse Still Works

That development may mean lifestyle as well as financial adjustments. Provided by Peter Miralles, CFP®CIMA®CLU Your significant other may retire later than you do. Sometimes that reality reflects an age difference, other times one person wants to keep working for income or health coverage reasons. If you retire years before your spouse or partner does, […]

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Should You Downsize for Retirement

Some retirees save a great deal of money by doing so; others do not. Provided by Peter Miralles, CFP®CIMA®CLU You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep your home? Or sell […]

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Money Concerns for Those Remarrying

What financial factors deserve attention? Provided by Peter Miralles, CFP®CIMA®CLU Some of us will marry again in retirement. How many of us will thoroughly understand the financial implications that may come with tying the knot later in life? Many baby boomers and seniors will consider financial factors as they enter into marriage, but that consideration […]

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Financial Planning with Health Insurance in Mind

How much might health care cost you someday? Provided by Peter Miralles, CFP®CIMA®CLU “Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” […]

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Could Social Security Really Go Away

Just how gloomy does its future look? Provided by Peter Miralles, CFP®CIMA®CLU Will Social Security run out of money in the 2030s? For years, Americans have been warned about that possibility. Those warnings, however, assume that no action will be taken to address Social Security’s financial challenges. Social Security is being strained by a giant […]

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