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Phillip E. Bollin, Certified Financial Planner™

President Obama’s Retirement Plan Proposal

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President Obama recently released his budget plans for the 2014 fiscal year, and one of the proposals contained in the budget is gathering a lot attention. The budget contains a proposal to cap the amount of money one could accumulate in tax-advantaged retirement plans and/or pensions, including 401(k) plans and IRAs. The idea behind the proposal is that any tax…

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Americans are Not Saving Enough for Retirement

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A new report paints a bleak picture for the future retirement prospects of many Americans. New data released by the Employee Benefit Research Institute in their 2013 Retirement Confidence Survey indicates that fifty-seven percent of workers have saved less than $25,000 for retirement, not including the value of their home or defined benefit (pension) plans. The data suggests that the…

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The Effect of Low Bond Yields on Portfolio Withdrawal Rates

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A recent study titled “Low Bond Yields and Safe Portfolio Withdrawal Rates” provides insight into the likelihood of retirees running out of money in retirement in a low interest rate environment. Co-authored by David Blanchett, Michael Finke, and Wade Pfau and released in January, the study looks at the impact that a low interest rate environment has on a retiree’s…

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Resolve to Get Your Finances Back in Shape in 2013

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You may be among the 46% of adults who said they were considering financial resolutions for 2013 in a recent survey. According to surveys conducted by the Employee Benefit Research Institute and Fidelity Investments, getting their financial house in order is on the minds of a lot of Americans. Among the top resolutions for survey respondents were: Save more money…

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Fiscal Cliff Resolved, but Further Challenges Remain

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Congress approved legislation in late December to avert billions of dollars in tax increases and spending cuts, helping the United States avoid what many were calling the ‘Fiscal Cliff.’ The resulting legislation is formally known as the American Taxpayer Relief Act of 2012. But other political and financial challenges remain, including how to tackle the short term debt ceiling issue…

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