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Phillip E. Bollin, Certified Financial Planner™

We now know by how much Social Security benefits and Medicare Part B premiums will increase in 2018.

2018 Adjustments to Social Security and Medicare Announced.

By | Financial Planning, Medicare, Social Security, Tax | No Comments

While we continue to wait for Congress to act on tax reform, two pieces of next year’s financial planning puzzle have recently been revealed for retirees.  In October, the Social Security Administration announced that 61 million Americans will receive a 2.0% increase in their monthly Social Security benefits beginning in January of 2018.  The 2 percent increase in monthly income…

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Do you suffer from an illusion of wealth or an illusion of poverty?

Which Illusion Do You Suffer From: Wealth or Poverty?

By | Behavioral Finance, Wealth | No Comments

Think quickly, would you rather have a $1 million retirement nest egg or $5,000 in monthly income to spend during retirement?  Your answer could tell you whether you possess an ‘illusion of poverty’ or an ‘illusion of wealth’ according to recent research published in the Journal of Marketing Research.  In their paper, “The Illusion of Wealth and Its Reversal,” Drs….

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Health-care-costs are projected to rise at 6% clip.

Health-Care Costs Rise Again

By | Health Care, Retiree, Retirement | No Comments

Health-care costs for retirees are on the rise again, a new study from Fidelity Investments reports.  According to the Fidelity study released in August, a 65-year-old couple retiring in 2017 will need $275,000 to cover health-care costs during their retirement years.  This cost is 6% higher than it was in Fidelity’s 2016 report. The 6% cost increase corroborates findings by…

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Implementation of the Fiduciary Rule is moving at a snail's pace.

Another Potential Delay in the Fiduciary Rule

By | Fiduciary Rule, Fiduciary Standard, Selecting an advisor | No Comments

It is starting to sound like a broken record: the future of the Department of Labor’s fiduciary rule is once again in question.  Shortly after the first phase of the regulation went into effect on June 9th, the Department of Labor (DOL) submitted a proposal that would delay the full implementation date from January 1st of 2018 to July 1st,…

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Where you retire matters

Where You Retire Matters

By | Retirement, Retirement Income, Retirement Planning, Retirement Savings | No Comments

The old adage of “Location, Location, Location” applies to more than just real estate apparently.  According to a report from GOBankingRates and a recent article from Bloomberg News, location can have a big impact on your retirement.  More specifically, where you live has a big impact on the health of your retirement nest egg. The GOBankingRates report analyzed and projected…

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Mutual Funds:  Costs Matter

Mutual Funds: Do You Really Get What You Pay For?

By | Active Investing, Expense Ratios, Mutual Funds, Passive Investing | No Comments

We have all heard the old adage “You get what you pay for” at one point or another in our lives.  We understand the adage to generally mean that inexpensive items and services tend to be inferior, or of lower quality, than more expensive items or services.  We understand that with most things in life you have to pay a…

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Should Stock Investors Worry About Rising Interest Rates?

Should Stock Investors Worry About Rising Interest Rates?

By | Interest Rates, Returns, Stock Markets | No Comments

We have been in a low interest rate environment for quite a few years now, but the Federal Reserve has signaled its intention to raise interest rates throughout 2017.  In recent months, several clients have asked the question of how rising interest rates would affect stock prices in the coming months. Realizing that many of you may have the same…

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A new fifteen year study finds that passive investing strategies beat active investing strategies.

Passive Investing Beats Active Investing Over 15 Year Timeframe

By | Active Investing, Investing Lessons, Investment Returns, Passive Investing | No Comments

“Just wait until next year” was the lament of faithful Chicago Cubs’ fans for over 100 years before last season.  From 1908 until their victory over the Cleveland Indians in the 2016 World Series, fans of “the Lovable Losers” would lick their wounds from the previous season while optimistically looking forward to next spring when the Cubs would begin the…

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Are Americans Facing a Retirement Crisis?

Are Americans Facing a Retirement Crisis?

By | Education, Investing Lessons, Retirement, Retirement Planning, Retirement Savings, Social Security | No Comments

Are Americans facing a retirement savings crisis?  The answer to that question depends on who you ask, and perhaps that individual’s prospects for retirement.  The Wall Street Journal recently asked two prominent economists if Americans were facing a retirement savings crisis.  Alicia Munnell, director of Boston College’s Center for Retirement Research and Andrew Biggs, resident scholar at the nonprofit American…

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Investors Can Learn a Lot from Farmers!

What Lessons Can Investors Learn from Farmers?

By | Financial Planning, Investing Lessons, Investment Returns, Passive Investing, Patience, Retirement Planning, Retirement Savings, Returns | No Comments

Spring is my favorite season of the year.  I suspect many of you feel the same way based on the amount of outdoor activity I have observed in recent days.  For me, spring means the start of the Major League Baseball season, hours of therapeutic and relaxing lawn care and landscaping activities, and the opportunity to watch my daughter Erin…

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