Picking a winner is harder than you think Holding a variety of assets reduces your portfolio’s overall level of risk. GETTY IMAGES/ISTOCKPHOTO One of the most important ways investors take care of their portfolios is by diversifying their holdings. If you’re not sure exactly what diversification is, or how to make it work for you,…

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Not everyone is allowed to remove money from a retirement plan penalty-free. Millions of Americans have been hurt financially in the course of the COVID-19 pandemic and the recession it’s spurred. It’s for this reason that the CARES Act was passed in late March. Its provisions included a direct $1,200 stimulus check, boosted unemployment benefits, and the…

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Due to lower tax rates and the recently passed SECURE Act, those nearing retirement should consider a Roth conversion. For those nearing retirement, taking the right planning steps is even more important, given the narrowing time frame to leaving the workforce. This current year brings forth planning opportunities to help you achieve your retirement goals…

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KEY POINTS As colleges face extreme budget shortfalls, some schools are laying off staff, slashing salaries and reducing retirement benefits. But teachers are fighting back. With declining enrollments, reduced giving and state funding cuts, colleges are resorting to last-ditch efforts to stay afloat. Now teachers are the latest victims of extreme cost cutting. The University…

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