Archive | December, 2012

Watch Out: Your 401(k) Is Being Targeted

December 30, 2012

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The drama created by the federal government has led many Americans to believed that the federal government cannot be trusted with their financial future. This includes your retirement accounts. We should become more accountable for our own future. This does not include using our retirement accounts like a casino. We should develop a prudent strategy […]

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Six Money Moves You Should Make in 2013

December 28, 2012

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Every American is responsible for their own retirement future whether they believe it or not. You cannot substitute gambling and speculating for a disciplined savings strategy and a prudent portfolio. The sooner you start saving the easier it is to accomplish your goals. If you cannot save anything you should address your budget and take […]

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4 reasons not to roll over an old 401(k)

December 28, 2012

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Any move you make should be with the advice of a financial professional. Objective advice is very difficult to find today, therefore you should seek an independent fiduciary adviser. This will lead to solutions that are in your best interest and not the best interest of the broker. 1. You plan to retire between ages […]

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IRS raising limits on retirement contributions for 2013

December 27, 2012

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Now is the time to maximize the contributions to your retirement accounts. The government is encouraging the conversion of qualified accounts to Roth accounts. Unless Americans become more responsible for their own retirement the government will take this over as well. Many are criticizing the over spending of the government, however perhaps we should look […]

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Employee Benefits-IRS Provides Guidance On Employer Contributions To SIMPLE IRA Plans

December 27, 2012

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In Retirement News for Employers (Fall 2012 Edition, December 13, 2012), the Internal Revenue Service ("IRS") discusses employer contributions to SIMPLE IRA Plans. Here is what the IRS said: The only employer contribution you can make to your SIMPLE IRA…

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Fiduciary Links: Season’s Greetings

December 26, 2012

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Now on to the best of links of the week: News and columns from the leading trade, consumer, and mainstream media: Senate takes wheel on drive to fiscal cliff. [InvestmentNews] Transparency is the first casualty of fiscal cliff hanger. [InvestmentNews]…

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It’s Time for Cramer to Short His Show

December 26, 2012

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You should run not walk away from anyone who tells you that they can predict the future. All shows like Jim Cramer’s are for entertainment only and should not be relied on to make investment decisions. You need to own equities…globally diversify…rebalance. A prudent portfolio and an investor coach will reduce your anxiety and improve […]

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Employment-First Circuit Rules That Obtaining A License Is An Essential Job Function For ADA Purposes

December 26, 2012

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In Jones v. Nationwide Life Insurance Company, No. 12-1414 (1st Cir. 2012), the plaintiff, Mark Jones ("Jones"), was appealing the district court’s summary judgment for his employer, Nationwide Life Insurance Company ("Nationwide"), in his suit claiming discrimination under the Americans…

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Proxy Advisors and Your Fiduciary Responsibility

December 20, 2012

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In 2003, the SEC adopted Advisers Act Rule 206(4)-6, which requires registered investment advisers to adopt and implement written proxy voting policies and procedures, designed to avoid conflicts of interest that an investment adviser may encounter when voting proxies on…

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Predictions Are Killing Your Returns

December 19, 2012

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The wall Street bullies have a vested interest in keeping you trading. It does not matter to the bullies if you make money or not. Their only concern is that they make money on every trade. If you want to succeed long term with your investments you need a prudent portfolio and discipline. Hire an […]

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