Money Clinic: The Importance of Tax Diversification

Most people understand the benefits of diversifying investments among asset classes to help manage the risk and return of a retirement plan. However, diversification can also be used to help manage the tax treatment of retirement assets—resulting in the potential for higher net income during retirement years. There are some concrete steps we can take […]
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Money Clinic: How to Manage Risk in Your Financial Plan

While all the financial pundits talk about diversifying your investment assets in order to control risk, the major drawback of this philosophy is that it neglects to account for your complete financial picture. For example, if you are 60 years old with $50,000 invested in a 40/60 Equity/Bond “conservative” allocation based on your age/risk tolerance […]
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Money Clinic: Pay Yourself First

Most wealthy people build their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that most Americans fall short of millionaire status proves that it’s easier said than done. If you don’t save money, you’re never going to be rich. It’s hard […]
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