Member Advantage Articles

Retirement in Sight – August 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – August 2019 QUOTE OF THE MONTH “The heads of strong old age are beautiful beyond all grace of youth.” ROBINSON JEFFERS THINKING ABOUT LEAVING WORK A LITTLE EARLY? The so-called “FIRE” movement (FIRE stands for financial independence, retire early) has garnered so much attention lately, even those who anticipate retiring in their sixties are wondering if they should make a sacrifice or two to exit their careers or businesses a bit earlier. A poll, commissioned by personal…

Unrealized Loss and Gain

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What they are; why they matter. August 19, 2019 For many investors, it can be tempting to think of one’s portfolio in terms of “gains” or “losses.” True, this is a central concept to understanding market behavior, but to truly maximize your investing knowledge, you also need to know about “unrealized gains,” “unrealized losses,” and how they can work to your advantage. As always, the following information is not intended as tax or legal advice. Any financial decision should be undertaken in consultation with your financial advisor and is not…

401(k) Loan Repayment

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A longer repayment time can be an advantage. August 19, 2019 The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in every situation. In a true emergency, if you had no alternative, the rules do allow for a loan, but they also require a fast repayment if your employment were to end. Recent changes have changed that deadline, offering some flexibility to those taking the loan. (Distributions from 401(k) plans…

Your Diversified Portfolio vs. the S&P 500

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How global returns and proper diversification are affecting overall returns.   August 19, 2019 “Why is my portfolio underperforming the market?” This question may be on your mind. It is a question that investors sometimes ask after stocks shatter records or return exceptionally well in a quarter. The short answer is that even when Wall Street rallies, international markets and intermediate and long-term bonds may underperform and exert a drag on overall portfolio performance. A little elaboration will help explain things further. A diversified portfolio necessarily includes a range of…

Retirement in Sight – July 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – July 2019 QUOTE OF THE MONTH “The only courage that matters is the kind that gets you from one moment to the next.” MIGNON MCLAUGHLIN HOW RETIREMENT SAVING RELATES TO RETIREMENT SPENDING Sometimes an article will present a generic retirement forecast, stating that the average person may need “X” dollars in savings to retire confidently. Stories like these appear every so often on financial websites, and they must be taken with a grain of salt. These articles…

Retirement in Sight – June 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – June 2019 QUOTE OF THE MONTH “Each day is the scholar of yesterday.” PUBLILIUS SYRUS CAN YOU STAY ON A COMPANY HEALTH PLAN AFTER AGE 65? Generally, Medicare is available for people age 65 or older; this is well-known. What is less well-known is the fact that some companies can legally cancel group health insurance for a worker reaching this milestone. Baby boomers who aspire to keep working into their mid-sixties may want to take note of…

Retirement In Sight – May 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – May 2019 QUOTE OF THE MONTH “To know oneself is to study oneself in action with another person.” BRUCE LEE RETIRING WITH A CASH RESERVE Many people want to enter retirement with a) investments that may have benefited from years of growth and compounding, b) a manageable debt position, and c) a cash reserve for emergencies. Just how large should that cash reserve be? There is no simple answer to that question because the answer is different…

Retirement in Sight – April 2019

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  MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES Presented by UPAL – April 2019 QUOTE OF THE MONTH “If you rest, you rust.” HELEN HAYES IN RETIREMENT, YOUR SPENDING COULD FLUCTUATE Your retirement income strategy will almost certainly evolve. How much you spend will vary from year to year, and in some years, you will spend more on some things than others. At the start of your retirement, you may spend more than you think. A recent J.P. Morgan Asset Management analysis of more than 5 million Chase…

Retirement in Sight – March 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – MARCH 2019 QUOTE OF THE MONTH “You must do the things you think you cannot do.” ELEANOR ROOSEVELT DEALING WITH A “surprise” RETIREMENT For years, you have imagined the way your “second act” will unfold: when it will start, what you will do, and where you will be. Then life hands you a wild card. You are forced to retire years earlier than you planned and with little notice. How do you adjust? This turn of events…

Is America Prepared to Retire?

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A look at some ways to get ready. February 26, 2019 Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings. Worry spots include retiring without enough money saved (16%) and anxiety about having a “rainy day” emergency fund (14%). These findings come from the 2018 Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling. (The survey collected data from 2,017 U.S. adults.)1 Only 41% of us keep a regular budget. If you are one of those roughly…