How do you score with your Social Security knowledge? Follow along with this quiz from the show! If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to Help Have questions about this week’s content, or need help with your financial plan? We’re here to…

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GETTY Many people try the wrong route to building their retirement wealth, or rebuilding it after a market decline. The wrong way is to look at only a small part of the financial picture instead of the whole picture. Looking at the whole picture can lead you to faster, easier ways to increase retirement security.…

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KEY POINTS At age 72, individuals are required to take mandatory withdrawals from their retirement accounts each year, based on their life expectancy. This formula — known as the required minimum distribution — can also work hand-in-hand with delaying Social Security benefits until age 70 to create a sustainable drawdown strategy. If you’re taking this…

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As the “easy money” era runs its course, money management doesn’t have to be difficult. A look at what’s next. From low rates to where? There was a time when retirement planning was straightforward. It went something like this: invest some money in stocks for growth, and buy bonds with the rest. After all, bond prices…

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Financial Advisor Talking To Senior Couple At Home Signing Documents Smiling GETTY One of the most common mistakes I see people make is overestimating their tax rate in retirement. This is important for a couple of reasons. First, as Roth 401(k) and 403(b) plans become more common, estimating your future tax rate is a big factor…

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“A groundbreaking new study holds troubling news for millions of Americans now nearing retirement age,” pronounces an influential Washington, DC think tank. The study, authored by a prominent economist, finds that “More than 40% of households headed by someone between the ages of 47 and 64 will not be able to replace even half of…

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There’s a larger problem: aligning retiree spending with Social Security checks By Alessandra Malito Social Security beneficiaries might not receive much of a cost-of-living adjustment next year — and some say recipients might not get anything at all. COLA is linked to the consumer-price index, which has suffered lately because of low oil prices. Based…

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Kiplinger’s is forecasting an increase in Social Security benefits of less than 1% next year. Getty Images By DAVID PAYNE, Staff Economist Kiplinger The Kiplinger Letter is forecasting that the 2021 Social Security cost-of-living adjustment will be below 1%. The COLA, which will be officially set in October 2020, would be down from the 1.6% COLA increase…

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