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IWM Quarterly Planning News

September 2nd, 2014

In This Issue:

  • A View of Health Care from Around the World
  • Retirement Myths and Realities
  • Charitable Gifts of Items You No Longer Need
  • Why are you paying more at the pump?

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Financial Beliefs You Might Not Like

August 25th, 2014

Stock Picking Is a Crapshoot; There Are Better Ways to Boost Returns.

Jonathon Clements writes about the reality of 13 firmly held financial beliefs.

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Retirement: Many do-it-yourself investors not engaged

August 22nd, 2014

The majority of people are do-it-yourself investors when it comes to managing their retirement savings, according to a large study, out Tuesday.

About two-thirds (63%) of workers with 401(k)s are going it alone, managing their own investments. About half of those folks (54%) are unengaged, that is not taking an active role in managing their account, says a data analysis of 13 million participants in Fidelity Investments 401(k) plans across the country.

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Shiller’s 3 rules for investing in “bubbly” market

August 22nd, 2014

Robert Shiller says stocks, bonds and real estate all look expensive. So what’s an investor to do? The Nobel-winning economist explains.

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How to be happy in retirement

July 23rd, 2014

Happiness in retirement is the main goal for most all soon to be retirees. While a larger percentage of our happiness is dictated by genetics and other factors outside of our control, there is a small percentage that can be controlled. This is where the retiree needs to make a concentrated effort in creating a positive experience in their golden years.

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Article written by: Robert Powell

Published by: USA TODAY Online

Growing Demands, Uncertain Future – Soical Security System

June 23rd, 2014

Check out the Small Saving chart on the right side of the page. Shows a huge disparity in reported total savings and investments by age.

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What You Don’t Know About Social Security—but Should

June 23rd, 2014

A Look at Claiming Strategies, Tax Angles and More to Help You Make Sense of a Complicated Program

Imagine that you’re about to accept a new job, and it’s time to talk salary. You sit down with your boss, who begins as follows:

“Actually, our payroll system is impossibly complicated. You can pick from dozens of different ways to be paid and hundreds of different start dates, and each will produce a different salary. We offer some guidance, but we’re short-handed. As such, deciding when and how to collect a paycheck is essentially up to you.

“So…what would you like to do?”

Welcome to Social Security.

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Written By: Glenn Ruffenach, wsj.com

FINRA tags Merrill Lynch with $8 million fine for mutual fund sales charges

June 18th, 2014

Finra slapped Bank of America Merrill Lynch with an $8 million fine and ordered the wirehouse to pay a total of $89 million in restitution for failing to waive mutual fund sales charges for certain charities and retirement accounts.

Most of the mutual funds on Merrill Lynch’s retail platform waive certain fees for eligible retirement plans and charities. But the firm failed to make sure its advisers were properly applying those waivers to as many as 41,000 account, according to the Financial Industry Regulatory Authority Inc.

The $89 million in restitution includes nearly $65 million that the firm has already repaid to harmed investors.

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Early filers regret Social Security claiming decisions

June 4th, 2014

Nearly 40% of retirees who claimed Social Security benefits before full retirement age now regret their decision, according to a new survey released Wednesday.

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Written By: Mary Beth Franklin, investmentnews.com


Millionaires Top 5 Investing Mistakes

June 4th, 2014

Millionaires make some of the same investment mistakes as everyone else—it’s just that their mistakes can cost more. A new survey of millionaire investors around the world found five mistakes that are most common among millionaires.

The most widespread: failure to diversify. While a concentrated position in a single asset or industry can certainly help make someone rich, it’s a recipe for disaster when trying to invest or preserve wealth.

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Written by: Robert Frank

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