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  3. February 2017

February 2017

Should Women Strive to Work Past 62?

Submitted by Ferguson Financial Inc. on February 27th, 2017

  

Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will “never retire.” In addition to keeping herself engaged and active, she may be doing herself a great financial favor as well. More women are working after 65, and some are even in the office full time.

 

How long should a woman plan to work? Should she prepare for a 40-hour workweek until age 65 or age 70? Should she try to work part time after that?

 

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  • Working past age 62
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The A, B, C, and D of Medicare

Submitted by Ferguson Financial Inc. on February 24th, 2017

 

Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from.

 

Parts A & B: Original Medicare. America’s national health insurance program for seniors has two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can also help cover the costs of hospice care, home health care, and nursing home care – but not for long and only under certain parameters.1

 

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  • The A, B, C, and D of Medicare
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Using an IRA Trust

Submitted by Ferguson Financial Inc. on February 24th, 2017

   

Seemingly everyone has heard of an IRA, but few people know about IRA trusts. Perhaps more people should, for an IRA trust may provide a way to “stretch” IRA assets for decades to benefit multiple generations.

 

An IRA trust is simply a revocable living trust designed to hold IRA assets. It will continue to house them after your death, but that will not prevent you from distributing those assets to your heirs. This is because an IRA trust also contains one or more sub-trusts, which can be designated and customized for your beneficiaries.1

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The Many Benefits of a Roth IRA

Submitted by Ferguson Financial Inc. on February 24th, 2017

 

The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies.  

 

The key argument for “going Roth” can be summed up in a sentence: Paying taxes on retirement contributions today is better than paying taxes on retirement savings tomorrow.

 

Here is a closer look at the trade-off you make when you open and contribute to a Roth IRA – a trade-off many savers are happy to make.

 

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  • Roth IRA
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Robo-Advisors vs. Human Advisors

Submitted by Ferguson Financial Inc. on February 23rd, 2017

 

Investors have a choice today that they did not have a decade ago. They can seek investing and retirement planning guidance from a human financial advisor or put their invested assets in the hands of a robo-advisor – a software program that maintains their portfolio.

 

Why would an investor want to leave all that decision making up to a computer? In this era of cybercrime and “flash crashes” on Wall Street, doesn’t that seem a little chancy?

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  • Robo-Advisors vs. Human Advisors
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America Saves Week (February 27-March 4, 2017)

Submitted by Ferguson Financial Inc. on February 23rd, 2017

 

“Set a goal, make a plan, and save automatically.” This is the motto of America Saves Week, which begins on February 27.

 

America Saves – a project of the American Savings Education Council – calls on Americans to do all three of those things to try and improve their finances. Each winter, it surveys Americans to see how well (or poorly) they are saving. The survey is in its tenth year, and perhaps some recent trends will be reversed in the 2017 edition.

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  • America Saves Week (February 27-March 4, 2017)
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Little Things That May Help Your Retirement Saving

Submitted by Ferguson Financial Inc. on February 20th, 2017

 

 

Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future.  

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  • Retirement Savings
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The Advantages of HSA's

Submitted by Ferguson Financial Inc. on February 15th, 2017

 

 

 

Why do people open up Health Savings Accounts in conjunction with high-deductible health insurance plans? Well, here are some of the compelling reasons why younger, healthier employees decide to have HSAs.

 

#1: Tax-deductible contributions. These accounts are funded with pre-tax income – that is, you receive a current-year tax deduction for the amount of money you put into the plan. Your annual contribution limit to an HSA depends on your age and the type of high-deductible health plan (HDHP) you have in conjunction with the account. For 2017, limits are set at $3,400 (individual plan) and $6,750 (family plan). If you are 55 or older, those limits are nudged $1,000 higher.1,2

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Active and Passive Investment Management

Submitted by Ferguson Financial Inc. on February 11th, 2017

 

 

 

Investment management can be active or passive. Sometimes, that simple, fundamental choice can make a difference in portfolio performance.

 

During a particular market climate, one of these two methods may be widely praised, while the other is derided and dismissed. In truth, both approaches have merit, and all investors should understand their principles.

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  • Active and Passive Investment Management
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What Could You Do With Your Tax Refund?

Submitted by Ferguson Financial Inc. on February 11th, 2017

 

 

 

About 70% of taxpayers receive sizable refunds from the Internal Revenue Service. Just how sizable? The average refund totals about $2,800.1

 

What do households do with that money? It varies. Last year, consumer financial services company Bankrate asked Americans about their plans for their federal tax refunds. Thirty-one percent of the respondents to Bankrate’s survey said that they would save or invest those dollars, and 28% indicated they would attack their debts with the money. Another 27% said they would buy food with that cash or use it to pay utility bills. Just 6% said they would earmark their refunds for shopping sprees or vacations.2

 

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  • Tax Refunds
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Worried About What Might Happen to Bonds?

Submitted by Ferguson Financial Inc. on February 11th, 2017

 

 

 

Are tough times ahead for the bond market? Some investors think so. U.S. monetary policy is tightening, with the Federal Reserve planning gradual increases for the key interest rate.

A rising interest rate environment presents a challenge to the bond market, but it does not necessarily imply some kind of doomsday for bondholders. Blanket advice to “get out of bonds” is imprudent, because it really all depends on what you intend to do with the debt investments you hold and how long you intend to hold them.

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  • Bond Investments
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Your Annual Financial To-Do List - 2017

Submitted by Ferguson Financial Inc. on February 7th, 2017

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What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. Here are a few that might prove convenient:

 

 

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