How Does The Social Security Administration Determine Your Benefit?

How Does The Social Security Administration Determine Your Benefit?

Do you ever wonder how the Social Security Administration (SSA) determines your benefit? First, they index all your years of earnings to today’s dollars to account for inflation. Then they take your top 35 years of wages to determine your Average Indexed Monthly Earnings (AIME).

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What I Learned From This Year's Investment Conference

What I Learned From This Year's Investment Conference

Having had the opportunity to attend the annual Schwab Impact conference in October, I found it to be invigorating and insightful. Those three days exposed me to a very eclectic range of speakers, from former U.S. Labor Secretary, Robert Reich, to Magic Johnson, who is not only a legend on the court, but a visionary in the business world. 

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Should You Buy or Lease Your Next Car?

Should You Buy or Lease Your Next Car?

This is a common question for many in the market for a new car. For those with older cars facing repair bills, the thought of having a new car under warranty is attractive. Over the long run, though, buying your vehicle and driving it for eight to 10 years, or more, will be the least expensive route.

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Ask a Financial Planner: Do I Need My Life Insurance Plan as I Approach Retirement?

Ask a Financial Planner: Do I Need My Life Insurance Plan as I Approach Retirement?

Life insurance can be one of those things that is in our life for so long we start to think of it like a family heirloom – just hanging around collecting dust right now, but it could turn into a pot of money in a time of need. Then, when it’s time to let a policy lapse, we worry and fret over its ending. We wonder whether we should hang on to it for a while longer for that sense of security it can provide. 

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Three Ways to Make Tax Time Less Taxing

Three Ways to Make Tax Time Less Taxing

For the past few years, I’ve resolved to do a better job keeping my tax documents in order. As hard as I try, no tax season has been without paperwork panic. While this admirable goal has never left me, I’ve recently came to realize, tax time organization is not about the destination, it’s about the journey. 

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How To Catch-Up Your Retirement Savings at Any Age

How To Catch-Up Your Retirement Savings at Any Age

Have you ever felt your retirement savings is a living manifestation of the expression “two steps forward and one step back”? Many have experienced this type of financial anxiety. While you probably feel like throwing in the towel and jumping a plane to Borneo, take heart in knowing it’s never too late!

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