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Archive for January 2020

Mark your calendars, here’s when tax season starts

It’s the second year since Trump administration’s tax-code changes took effect Jan. 27 is the start of this year’s tax season, the Internal Revenue Service announced Monday. Beginning in three weeks, the agency will start accepting and processing tax returns. This is the second season since the Trump administration’s tax-code overhaul took effect. Some people…

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These are the top Money and investment trends to watch out for in 2020

All in all, 2019 was a pretty strong year for the economy. Job growth was brisk, with both inflation and interest rates low. Economic growth was decent as recessionary fears have abated. Consumers remain confident, highlighted by solid holiday sales. But this doesn’t mean everyone is prospering. Here are some money and finance trends to…

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The average American starts saving for retirement at this age

The sooner you start saving for retirement, the more opportunity you’ll have to build a solid nest egg without having to sacrifice too much on an ongoing basis. But data from Nationwide tells us that Americans are putting in roughly a decade in the workforce before giving their long-term savings a thought. The average American begins funding a…

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Observations from the Brink of Retirement

A retirement income specialist shares three important lessons he’s learned during his own financial and mental journey as he gets ready to dive into retirement. His personal insights could help guide your path as well. Planning for my own retirement has been interesting, as my day job is teaching financial advisers about retirement planning. At…

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6 Ways The SECURE Act May Impact Your Retirement

GETTY The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement legislation passed in 13 years. Ultimately, the law focuses on retirement planning in three key areas: 1) modifying required minimum distribution (RMD) rules for retirement plans; 2) expanding retirement plan access and…

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Misconceptions may lead to dehydration in older adults

A new study looks at what keeps older adults from getting sufficient fluids to avoid negative health outcomes. New research stresses the importance of staying hydrated as we get older. Staying hydrated seems simple enough. Yet studies have shown that somewhere between about one-third and one-half of older adults may be dehydrated, increasing their risk of health…

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