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Lessons From an Estate Sale: Simplify!

In the 19 years my wife and I have been married, I never thought of my in-laws as hoarders. They lived in a modest house that did not feel overcrowded with things. However, as we conducted an estate sale this past weekend
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Long-Term Care Insurance Rate Hikes Continue

MassMutual is the latest among many long-term care insurance (LTCI) providers to announce significant rate increases for existing policyholders. The company recently announced plans to seek a whopping 77% rate hike that
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Will Your Retirement Nest Egg Last? How to Use MoneyGuidePro® to Find Out

It’s the paramount question of every retiree: Will my lifetime savings be enough to last through the years ahead? That question is easier to answer than ever before, with help from MoneyGuidePro®, the
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The Rules Have Changed for Reverse Mortgages

In recent years, reverse mortgages have ridden a popularity roller coaster. Once seen as loans of last resort, they came back in vogue in 2010 when a new “Saver” reverse mortgage became available that featured
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Long-Term Care: How Would You Cover the Cost?

Just reading the phrase “long-term care” can strike fear in a Baby Boomer’s heart. Many assume it’s synonymous with nursing-home care (it isn’t), and believe the cost could ruin them (it could; while the odds are
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The Roth 401(k) Surprise

As you probably know, the primary difference between a Roth 401(k) and a Traditional 401(k) is in how the two kinds of employer-based plans are taxed. With a Roth, you pay taxes up front (i.e., before the money is
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Bucket Challenge: Managing Cash Flow in Retirement

The rapid stock market decline in early February serves as a stark reminder that downside moves can develop quickly. Long-term investors can ride out such volatility, of course — but what if you’re a retiree relying on
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Long-Term-Care Premiums Soar

The title above is taken from a Wall Street Journal article published in 2010. Since then, the situation has not improved. This is from a new WSJ story published a few days ago:
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How We Misthink Money

According to behavioral economics, many of your ideas about saving, spending, and investing are wrong — and they cost you more than you know.   Economist Dan Ariely explains how our irrational behavior interferes with
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Reconnecting With the “Labs” in MoneyGuidePro®

It’s been one year since MoneyGuidePro®, the top-rated financial-planning software, became available to SMI premium members (by arrangement with SMI Advisory Services — an affiliated, but separate, company from the SMI
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