How to Find a Financial Planner

“Neither my spouse nor I know anything about investing. Who do you go to for advice?” Many people learn about financial planning by reading. They cull through the financial pages in newspapers or online and read financial magazines and books. …

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Women and Pensions: What You Need to Know

Women face a greater risk of poverty in old age than men. One important reason is that women are less likely than men to receive adequate pensions. The more you understand about pensions now, the greater your chances of beating …

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Callable CDs: Read the Small Print

Certificates of deposit (CDs) are an attractive saving instrument for individuals seeking a low-risk investment that can be converted into cash fairly readily. CDs require an investment for a fixed period of time such as six months, one year, five …

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Glossary of 401(k) and Pension Terms

Here is a brief explanation of commonly used pension and savings terms: Annuity:  Regular payments of income (usually monthly) over a specified period of time (often for life). The purpose is to provide a steady stream of income. Beneficiary:  The …

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Women’s 5 Challenges for Retirement

Challenge #1: Women earn only 82 cents for every dollar that men earn. Black women earn 61 cents and Latinas, 53 cents. Result: Women save less and their economic security is vulnerable, especially if they also experience the loss of …

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Dollar-Cost Averaging

Dollar-cost averaging is a big term for a fairly simple concept.  If you buy a set dollar amount of stocks or stock mutual funds at regular intervals (e.g., every month or every quarter), you’re using the dollar-cost averaging technique. For …

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