Retirement in Sight – July 2021

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JULY 2021 QUOTE OF THE MONTH “Do something wonderful, people may imitate it.” ALBERT SCHWEITZER IS FINANCIAL HEALTH A FACTOR IN YOUR OVERALL HEALTH? Data from a newly released Harris Poll of more than 1,000 U.S. workers suggests that a majority of pre-retirees might answer “yes” to that question. Sixty-six percent of respondents to the poll identified their financial health as a component of their overall well-being. In fact, financial health ranked up near physical health (74%)…

Retirement in Sight – June 2021

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JUNE 2021 QUOTE OF THE MONTH “Carry out a random act of kindness, with no expectation of reward, safe in the knowledge that one day someone might do the same for you.” DIANA, PRINCESS OF WALES COULD A SECOND SECURE ACT TWEAK RETIREMENT RULES? When the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law in 2019, it altered retirement plan contribution and distribution rules. There may be an encore. The Securing a Strong Retirement…

Retirement in Sight – May 2021

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MAY 2021 QUOTE OF THE MONTH “Embrace the glorious mess that you are.” ELIZABETH GILBERT PANDEMIC ECONOMY OR NOT, SOME ARE ASPIRING TO RETIRE EARLY A new study from Hearts and Wallets, a research firm founded in 2010 to study American retirement saving and investing trends, hints that the dream of retiring in late middle age is alive and well, although perhaps in need of a reality check. The survey results, culled from responses to questions posed…

Retirement in Sight – April 2021

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – APRIL 2021 QUOTE OF THE MONTH “Pretending is not just play. Pretending is imagined possibility. Pretending, or acting, is a very valuable life skill and we do it all the time.” MERYL STREEP ARE YOUR FEDERAL INCOME TAXES DUE IN MAY? MAYBE, MAYBE NOT In March, the Internal Revenue Service announced that it was pushing the deadline for 2020 federal tax returns ahead to Monday, May 17. This extended due date does not apply to all individual…

BOK Financial’s Q2 2021 Economic & Market Outlook Call

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J. Brian Henderson, BOK Financial’s Chief Investment Officer, will provide a comprehensive market analysis, review the latest U.S. and global economic conditions and discuss what it means for you and your business. SPEAKERS: Brian Henderson, Executive Vice President, Chief Investment Officer Matt Stephani, President, Cavanal Hill Investment Management Doug Benton, Vice President, Senior Municipal Credit Manager, Cavanal Hill Our Quarterly Economic & Market Outlook calls have moved to Webex.  Please register HERE. Wednesday, April 14, 2021 3:30- 4:30 p.m. CT Submit a Question You may submit a question in advance here.  All…

Retirement in Sight – March 2021

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MARCH 2021 QUOTE OF THE MONTH “The life you have led doesn’t need to be the only life you have.” ANNA QUINDLEN NEED CASH? AVOID TAPPING YOUR RETIREMENT ACCOUNT Imagine if your 35-year-old self magically appeared in front of you one day and asked for a percentage of your retirement savings or a bit of your retirement income. While this would never happen, something financially analogous happens in the lives of too many people. They withdraw assets…

Year-End Estate Strategies

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What you need to know to get ready for the end of the year. Provided by UPAL With one year ending and a new one on the cusp of starting, many people will consider their resolutions—not their estate strategy. But the end of the year is a great time to sit down and review your preparations, especially when you’re spending more time with your loved ones; even more important if you have a complicated estate that may need to get managed after you’re gone. Call a family meeting. Many people…

The Social Security Administration Announces 2021 COLA

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What you should know about the most recent cost-of-living adjustment. Provided by UPAL On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Additionally, increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries will begin on December 31, 2020.1 Is this a COLA lite? Many may be disappointed by this modest bump compared to…

Retirement in Sight – October 2020

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – OCTOBER 2020 QUOTE OF THE MONTH “Somewhere there’s a score being kept, so you have an obligation to live life as well as you can, and be as engaged as you can.” BILL MURRAY ARE CAR OR TRUCK COSTS BLOCKING THE ROAD TO RETIREMENT? On a purely logical level, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent consumer debt here and now. On a practical level, though, we need…

BOK Financial’s Q4 2020 Economic & Market Outlook Call

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J. Brian Henderson, BOK Financial’s Chief Investment Officer, will provide a comprehensive market analysis, review the latest U.S. and global economic conditions and discuss what it means for you and your business. SPEAKERS: Brian Henderson, Executive Vice President, Chief Investment Officer Matt Stephani, President, Cavanal Hill Investment Management Carrie Clasen Porter, Sr. Vice President, Director, Investment Management-Strategic Initiatives Our Quarterly Economic & Market Outlook calls are moving to Webex.  Please register HERE. Wednesday, October 7, 2020 3:30- 4:30 p.m. CT Submit a Question You may submit a question in advance here.  All…