Saving Early & Letting Time Work For You

The earlier you start pursuing financial goals, the better your outcome may be. Provided by Peter Miralles, CFP®CIMA®CLU As a young investor, you have a powerful ally on your side: time. When you start saving and investing for retirement in your twenties or thirties, you can put it to work for you. The effect of […]

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Keeping All This Volatility in Perspective

These recent ups & downs are reminiscent of past Wall Street swings. Provided by Peter Miralles, CFP®CIMA®CLU Fall might be anything but calm on Wall Street. Volatility is back, in a big way: the CBOE VIX has risen more than 105% since the end of July. Additionally, 11 of the 15 trading days ending September […]

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Why Life Insurance Matters

Besides the death benefit, it may also help you financially during your life. Provided by Peter Miralles, CFP®CIMA®CLU As a recent Bankrate.com article noted, 43% of Americans have no life insurance. Some view it as optional; some have simply procrastinated when it comes to buying a policy. Others believe that they can’t afford it.1 In […]

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Can an IRA Be a College Savings Vehicle?

You might be surprised at its potential. Provided by Peter Miralles, CFP®CIMA®CLU An IRA is a retirement savings account, right? Indeed it is. IRA stands for Individual Retirement Arrangement. Even with that definition, however, there is no prohibition on using an IRA to save for other purposes, such as funding a college education. Why would […]

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Retirement Planning Can Start with an IRA

These accounts make a good “first step” in retirement saving. Provided by Peter Miralles, CFP®CIMA®CLU Sooner or later, people decide to start saving and investing for retirement. When that starting point arrives, taking that “first step” can seem like a big deal. Opening an Individual Retirement Account (IRA) amounts to an easy “first step” in […]

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Behind on Your Retirement Savings?

What steps could you take to catch up? Provided by Peter Miralles, CFP®CIMA®CLU If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions. Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows you to make […]

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You Could Retire, But Should You?

It might be better to wait a bit longer. Provided by Peter Miralles, CFP®CIMA®CLU Some people retire at first opportunity, only to wish they had waited longer. Thanks to Wall Street’s long bull run, many pre-retirees have seen their savings fully recover from the shock of the 2007-09 bear market to the point where they […]

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The New Gradual Retirement

Working a little (or a lot) after 60 may become the norm. Provided by Peter Miralles, CFP®CIMA®CLU Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American workers. It found that 51% of us plan to […]

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Estate Planning for Your Digital Assets

Have you addressed this issue? Provided by Peter Miralles, CFP®CIMA®CLU Social media and email accounts. Creative works, photos and keepsakes kept on home computers, the cloud or external storage drives. E-commerce accounts. Domain names. Bitcoin. These are all examples of digital assets. You will manage them closely as long as you live – but what […]

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Are Your Kids Delaying Your Retirement?

Some baby boomers are supporting their “boomerang” children. Provided by Peter Miralles, CFP®CIMA®CLU Are you providing some financial support to your adult children? Has that hurt your retirement prospects? It seems that the wealthier you are, the greater your chances of lending a helping hand to your kids. Pew Research Center data compiled in late […]

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