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Equifax Claim Deadline Quickly Approaching

Equifax Claim Deadline Quickly Approaching

It’s hard to believe, but the Equifax Data Breach was discovered over two years ago on September 7, 2017. Astoundingly, at the time of the breach, Equifax announced that approximately 143 million U.S. consumers were impacted. Following the settlement agreement, we are now approaching the deadline to file your claim with Equifax if you were impacted by the breach. When is the Deadline to File Your Claim With Equifax? January 22, 2020. So, there is still time if you haven’t…

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Strategies to Reduce Your Tax Bill for 2019

Strategies to Reduce Your Tax Bill for 2019

As I am finishing up my year-end client tax meetings, I wanted to share a few brief strategies you may be able to implement to reduce your tax bill for 2019. I’ll also include a few reminders just to ensure things don’t get missed. “I’m proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money.” – Arthur Godfrey Given the choice, everyone wants to pay less taxes, right?…

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Year Two Is When Retirement Gets Complicated

Year Two Is When Retirement Gets Complicated

Most everyone has a plan for their time for their first year in retirement because it’s kind of like the longest vacation they’ve ever taken. Many take it as an opportunity to knock items off their bucket list and accomplish whatever they’ve been holding off doing while they’ve been working. But by year two, it’s a different story. Long-term retirement is a foreign concept for most people – particularly for high achievers. It reminds a Jerry Seinfeld clip about the…

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Medicare Premiums & Deductibles Increasing in 2020

Medicare Premiums & Deductibles Increasing in 2020

In 2020, Medicare Part B premiums and deductibles will be increasing. Most enrollees will see their premiums increase by ~7%, from $135.50 to $144.60 per month. This is a $109.20 annual increase. The annual deductible for Part B coverage will also increase by ~7%, going from $185 in 2019 to $198 in 2020. These increases are roughly in line with the Medicare Trustees Report for 2019 that estimated that the 2020 standard monthly premium would be $144.30 and the annual…

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Retirement Income in Bull Markets, Bear Markets & Flat Markets

Retirement Income in Bull Markets, Bear Markets & Flat Markets

I live in a bedroom community of Pittsburgh and there are two primary routes to get to the grocery store. Back roads and the highway. During perfect conditions, the backroads take about twelve minutes and the highway takes about nine or ten minutes. I always take the backroads and my wife would choose the highway most of the time. My logic is that in virtually all conditions, the backroads take 12 minutes. The highway, while faster during optimal times, could…

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“At what cost?”

“At what cost?”

Everything we do in life comes with a cost – whether it is actual money, opportunity cost, relationship cost or otherwise. Make no mistake about it, there is a cost. In the article I wrote a couple of weeks back about designing your days in retirement, I mentioned that I could easily be fooled into thinking that I need to have a huge business in order to view myself as successful. Or maybe more accurately, in order to believe that…

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When It’s Smart to Pay Capital Gains Taxes

When It’s Smart to Pay Capital Gains Taxes

Imagine for a moment that you are the coach of a Major League Baseball team and you’ve successfully coached your team to the World Series. You’re about to start the 9th inning of Game 7 and your team is up 3-1. You are just three outs away from being crowned World Champions. A life-changing opportunity for players and coaches alike. But before the 9th inning begins, you visit the opposing team’s dugout and ask their coach if they’d like to…

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Designing Your Days In Retirement

Designing Your Days In Retirement

A couple of weeks ago, I attended an industry conference in Arizona that was filled with the creme de la creme of advisors. Being around a group of high-flyers like that, it wasn’t surprising to learn that most of these advisors have big goals. Many want to build large organizations with lots of advisors and “own their market.” They manage billions of dollars and are actively onboarding as many clients as possible as quickly as possible. Further still, many of…

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My (Ir)Rational Fear

My (Ir)Rational Fear

Over the past few months, I’ve started to worry about dying. This sounds morose but stay with me because this is really a post about life. Irrational as though it may seem for a 36-year-old to worry about dying, I seriously do. Oddly though, I don’t worry about dying in a car accident or anything like that – I worry about having a heart attack. Much of this angst can probably be attributed to the fact that I know or…

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Life’s Curveballs

Life’s Curveballs

Over the weekend, I went for a run as I often do. I time myself for every single run and I generally run the same route each time. Some might consider that boring, but I do it because it gives me a number to shoot for. If I run different routes, I can’t compete with myself to try to beat my best time. If you think that’s silly, I totally respect that. But all I did growing up was play…

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