Focus on Your Own Ship; Not the Unpredictable Seas

Featured in Forbes on June 29, 2017 Nearly 105 years ago, on April 15, 1912, the famed Titanic ship sank into the Atlantic Ocean after a fateful collision with an iceberg. Several theories have been proposed as to how the ship—which was an engineering marvel at the time—was brought down on its maiden voyage. A recent documentary entitled, "Titanic: The New Evidence1," explores the premise that the iceberg may not have been the sole cause of the Titanic's sinking after all. New evidence and research presented in the documentary focuses on reports of a coal fire which may have started in one of...
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20 Ways to Cut Your Tax Bill

Have you completed your tax returns yet? If not, there is still time to make sure that you claim every deduction for which you qualify. Here are 20 common deductions: 1. Contributions to 401(k) and 403(b) accounts. Contributions to these workplace accounts are automatically withdrawn from your paychecks, which will lower your taxable income. 2. Contributions to traditional IRAs. You can obtain a deduction for contributions to traditional IRAs, SIMPLE IRAs and SEP-IRAs, but you won’t get an upfront tax deduction for contributions to Roth IRAs. 3. Health savings account contributions. Money you...
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Lessons About 2016 Financial Markets from “Mr. Market”

Benjamin Graham, the well-known value investor, in The Intelligent Investor created Mr. Market as an analogy to describe how the stock market works. “Every day he tells you what he thinks your interest [in your business partnership with him] is worth and furthermore offers either to buy you out or to sell you an additional interest on that basis. Sometimes his idea of value appears plausible… Often, on the other hand, Mr. Market lets his enthusiasm or his fears run away with him, and the value he proposes seems to you little short of silly.” Given this appraisal, it might seem absurd to try...
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How Much You Can Save in 2017

401(k) Nest EggWith 2017 just around the corner, now is an excellent time to plan on turbo charging your retirement savings in...
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Why Americans Claim Social Security Early

piggy bankClaiming Social Security benefits at the earliest eligible age of 62 is not a smart financial move for most people. That’s...
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Tips for Giving Back this Holiday Season

Giving BackThere are many worthy causes to support as well as a number of ways to support them. If you’d like to give to charity this year...
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The Hidden Financial Cost of Child Care

child holding moneySixty-five percent of couples raising children under the age of five are in the...
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Tips for Mutual Funds Investing

Magnifying glass on chartsMutual funds are an excellent way to diversify your...
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Medicare Premiums Increase for 2017

The Centers for Medicare and Medicaid Services announced that monthly premiums for Medicare will be increasing next year. Seventy percent of Medicare beneficiaries are protected by the “hold harmless” provision, which says benefit checks cannot decrease due to Medicare increases. The provision was triggered by the small 0.3% cost of living increase to Social Security for 2017. If you are covered by the hold harmless provision and you are currently paying $104.90/month, your premium will increase to $109/month. Unfortunately, 30% of beneficiaries are not covered by the hold harmless provision...
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Shopping for Medicare Coverage

Doctor with clipboardIt’s Medicare open enrollment season again. If you are a Medicare enrollee or are eligible for Medicare for...
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