Where is the Best Place to Retire?

Where is the Best Place to Retire?

​It all depends on you. Thanks to the Baby Boom generation, pre-retirees and retirees have a lot more options than did previous generations of Americans. There is a lot to consider before you decide where to live during retirement: your savings and investments, monthly income, family, friends, legacy, work options, weather, interests, health, and a variety of other factors. As you determine your priorities, keep these options in the back of your mind: Tax-friendly states: An important issue for many people…

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State Rankings and Taxes

State Rankings and Taxes

Wallet Hub has listed taxes by states and broken them down into categories. This analysis attempts to compare the states with each other and it delves deeply into taxation.  Click on your state to see its ranking or click on the WalletHub logo below to go to the full analysis.  Many thanks to those at Wallet Hub who assembled this data. Source: WalletHub

If You Could Live Anywhere

If You Could Live Anywhere

If you could live anywhere, where would you live? If cities are your cup of tea, then here is some good news. The 2016 Worldwide Cost of Living Report compares the prices of 160 products and services – from food and drink to domestic care and private schools – in cities around the world. It found the cost-of-living in many cities fell during 2015 thanks to lower commodity prices, weakening currencies, and geopolitical unrest. Be warned: a lower cost-of-living doesn’t mean…

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Septuagenarian Milestones!

Septuagenarian Milestones!

​ ​Here’s a milestone you don’t reach until your seventies. The major milestones of older Americans are not attended with the same sense of wonder that accompanies the major milestones of younger Americans. Sure, registering for Social Security benefits and signing up for Medicare are rites of passage, but they don’t hold a candle to earning your driver’s license, receiving your first kiss, winning your first promotion, or dancing at your wedding. If you have retirement accounts when you become a septuagenarian,…

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Good News! Maybe?

Good News! Maybe?

​Here’s some Good News: Healthcare spending is expected to increase more slowly during 2016! It’s projected to grow by 6.5 percent this year, according to a report from PWC. That’s still a lot faster than inflation. The Economist projects overall consumer prices in the United States will increase by 1.2 percent this year. The report suggested several factors are contributing to lower healthcare spending, including:The Affordable Care Act’s Cadillac Tax. PWC reported the tax “…is motivating businesses to enact high cost-sharing….

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An Unequal Inheritance

An Unequal Inheritance

​Are you leaving the same amount to all of your beneficiaries? One-third of all parents with wills have divided their estates unequally among their children, according to the National Bureau of Economic Research (NBER). The study found bequests in complex families – families with stepchildren or estranged children – are more likely to be unequal. The Squared Away Blog reported: “…parents with stepchildren are considerably less likely to include all of their children than are parents who have only biological offspring. This…

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The Big Mac Index

The Big Mac Index

​If you like fast food and a good deal, you can find a really cheap Big Mac in Russia. The Economist created The Big Mac Index 30 years ago as a rough-and-ready gauge of world currencies. The index is based on the idea when currencies are aligned correctly, the same product (in this case, a Big Mac®) should have the same price in different countries when that price is denominated in a single currency. This is called purchasing power parity (PPP). For…

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Everyone has a plan until they get punched in the mouth

Everyone has a plan until they get punched in the mouth

​ February 23, 2015 Everyone has a plan until they get punched in the mouth As a CERTIFIED FINANCIAL PLANNERTM, I have always appreciated the irony in this quote by Mike Tyson. Don’t get me wrong; I am a big believer in planning especially when it is flexible and adaptive to change, but I feel our industry has turned a good tool into a bad product. In the following article I intend to go over some of the potential limitations of…

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What Could the Next Decade Bring?

What Could the Next Decade Bring?

​Wondering what the next decade may bring? America is renowned for innovation – originating ideas that change the ways in which people live and work. From the cotton gin to the assembly line, the transcontinental railroad to the automobile, the telephone to the Internet, ideas and inventions have spurred America’s economic growth during the past two centuries. Here are a few inventions that are on the horizon:The Superman memory crystal: Imagine, a tiny piece of glass etched by a laser…

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Leaving China?

Leaving China?

​Capital has been leaving China…When Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee last week, she made no bones about the fact the Fed is keeping an eye on economic developments in China and evaluating the ways in which changing circumstances in the country, including currency devaluation, could affect global growth and the U.S. economy. Yellen is not the only one worried about currency devaluation in China. The New York Times reported Chinese companies and wealthy citizens…

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