Retirement in Sight – November 2018

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES Presented by UPAL – NOVEMBER 2018 QUOTE OF THE MONTH “Live life to the fullest.” ERNEST HEMINGWAY RETIREMENT PLANNING CONTINUES AFTER YOU RETIRE It can be easy to think of retirement planning as a means to an end: a series of purposeful meetings leading up to a life transition. This transition is not the end of retirement planning. Think of this transition (and the steps preceding it) as the first phase. The second phase focuses on managing your spending, plus enhancing your…

No, That Is Not the I.R.S. Calling

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Watch out for crooks impersonating I.R.S. agents (and financial industry professionals). December 3, 2018 Do you know how the Internal Revenue Service contacts taxpayers to resolve a problem? The first step is almost always to send a letter through the U.S. Postal Service to the taxpayer.1 It is very rare for the I.R.S. to make the first contact through a call or a personal visit. This happens in two circumstances: when taxes are notably delinquent or overdue or when the agency feels an audit or criminal investigation is necessary. Furthermore,…

The Holiday Wrap Up

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A look back at 2018 thus far Presented by UPAL The year in brief. Last December, market prognosticators polled by Barron’s forecast a 7% advance for the S&P 500 in 2018. That prediction may come true. By early November, the S&P was up only about 5% for the year. Wall Street began 2018 in rally mode: happy to see large tax cuts for corporations, anxious to see whether a booming economy would lead to rising inflation pressure and recurring interest rate hikes. What Wall Street did not see coming late…

Retirement in Sight – October 2018

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Monthly News and Information for Current and Future Retirees Presented by UPAL- OCTOBER 2018 QUOTE OF THE MONTH “Know how to listen, and you will profit even from those who talk badly.” Plutarch THREE YEARS OR LESS TO RETIREMENT? GET READY If retirement feels less like a possibility and more like an oncoming certainty, then it is time to respond. This is the time to firmly decide whether you want to “age in place” in your current home or relocate. This is when you work on sustaining the friendships you…

Getting Your Personal Finances in Shape for 2019

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Fall is a good time to assess where you stand and where you could be. You need not wait for 2019 to plan improvements to your finances. You can begin now. The last few months of 2018 give you a prime time to examine critical areas of your budget, your credit, and your investments. You could work on your emergency fund (or your rainy day fund). To clarify, an emergency fund is the money you store in reserve for unforeseen financial disruptions; a rainy day fund is money saved for…

Retirement in Sight – September 2018

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Monthly News and Information for Current and Future Retirees Presented by UPAL – SEPTEMBER 2018 QUOTE OF THE MONTH “Love is, above all else, the gift of oneself.” Jean Anouilh YOUR “SECOND ACT” COULD START BEFORE 60 Many baby boomers are vowing to work past age 65, even into their seventies. You may be one of them, and you may realize that ambition. Keep in mind, though, that some people end up retiring prior to age 60 and not by choice. If you sense that could happen to you, think…

Join Us For BOK Financial’s Economic & Market Outlook Call

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Please join Jim Huntzinger, BOK Financial’s Chief Investment Officer, for a Mid-Year Economic & Market Outlook Call. We will provide a comprehensive market analysis, review the latest U.S. and global economic conditions and discuss what it means for you.   Tuesday, October 9, 2018 3:30 p.m – 4:30 p.m. Central Conference Call Number: 1.888.317.6003 Participant Elite Entry Number: 1380074 Featured Topic: The Three-Pronged Analysis of the U.S. Dollar: A look into the fundamental, technical and political analysis of the U.S. dollar. Presented by: Dave Maher, Senior Vice President, Manager of…

Retirement in Sight – August 2018

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Monthly News and Information for Current and Future Retirees Presented by UPAL – August 2018 QUOTE OF THE MONTH “To me, old age is always 15 years older than I am.” BERNARD M. BARUCH THINK OF YOUR RETIREMENT IN THREE PHASES Phases, stages, acts, chapters, steps. Whatever you want to call them, consider that your retirement may unfold in a way many others have, in three successive financial segments. Your budget and income could see adjustments as you move from one phase into the next. In the first phase of…

Build Your Rainy Day Fund

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Like an emergency fund, it can come in handy. August 17, 2018 Sometimes, life gets expensive. A little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget. An emergency fund may help us handle major financial disruptions. For the minor ones, a rainy day fund may suffice. A rainy day fund and an emergency fund differ in scale, but not purpose. Both funds are designed to fully or partly absorb sudden costs. An emergency fund contains enough…

Starting a Roth IRA for a Child or Grandchild

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This early financial decision could prove profoundly positive over time. August 17, 2018 Do you have a child or grandchild earning some income? Indirectly, that after-school or summer job might present a savings opportunity for that teenager. You could help your child or grandchild save for future goals by assisting them to create and fund a Roth IRA. So many people wish they had begun saving for retirement sooner. Imagine how your child or grandchild’s prospects for building lifetime retirement savings might improve by starting as soon as possible.     Here…