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Consequences of Medical Identity Theft

Cybercriminals are targeting a more robust avenue to gather personal data – your medical records. The scope of information lifted in medical record breaches – along with the repercussions – outweigh the financial data stolen from retailers like Target and Home Depot. With the Anthem breach, records containing names, email/street addresses, birthdays, member I.D./Social Security numbers… read more

Ready, Set, Retire: Boost Your Savings

The biggest threat retirees face is outliving their nest egg. While boosting your contributions and supplementing your retirement income are two great ways to avoid running out of money, it’s also important to manage account fees and investment risk. Greg McBride of Bankrate.com explains the small tweaks needed to maximize your retirement income.

How Studebaker Shaped the IRA

2015 marks the 40th birthday of the Individual Retirement Account (IRA). Born under the Employee Retirement Income Security Act (ERISA) of 1974, Congress introduced this new type of retirement plan in response to private pension breakdowns – most notably that of car manufacturer Studebaker-Packard. In 1963, Studebaker-Packard filed for bankruptcy and couldn’t afford to pay out… read more

What’s Your Money Script?

What does money mean to you? When it comes to financial decisions, like saving money, we all have different money personalities that affect the way we handle finances. Whether you’re a saver or spender, there are underlying psychological reasons why some people prioritize saving while others don’t. Being a good saver is not a function… read more

Retirement: Forget What’s My Number! What’s My Income?

If you’ve noticed lately, the thinking around retirement has moved away from ‘what’s my number?’ to ‘what do I get from that number?’ The realities of retirement have been changing over the last decade.  Fewer retirees can depend upon pensions and the income that they provide.  Social security considerations for inflation have nearly vanished.  A… read more