MoneyWisdom Blog

Is Your Retirement Income Taxable? It Depends…

Posted by Hanscom Federal Credit Union on Nov 17, 2016 7:41:49 AM

 

If you’re planning on retiring soon, you likely are counting not only the days, but also the income that you’ve so carefully set aside for your golden years. You are not the only one: Uncle Sam has a stake in your retirement income as well – sometimes more, sometimes less, depending on the source.

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Topics: Retirement and Investing

Election Year Investment Jitters? Our #1 Piece of Advice

Posted by Moneywise Newsletter on Oct 6, 2016 7:12:18 AM

If you’re feeling a little uneasy about what’s going to happen to your investment portfolio when a new president is elected, you’re not alone.

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Topics: Retirement and Investing, Election

9 Smart Moves for Lottery Winners

Posted by Hanscom Federal Credit Union on Aug 22, 2016 9:02:11 AM

 

Beating incredible odds, you’re holding a winning lottery ticket in your sweaty-hands. Your heart is racing. You’ve checked the numbers more times than you can count. What should you do? Breathe. 

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Topics: Retirement and Investing, Estate Planning

Save for Retirement While Paying for College

Posted by Hanscom Federal Credit Union on Jul 13, 2016 11:21:17 AM


Student loan debt is the enemy of many millennials, but it’s becoming a problem for some older Americans, too. According to the Federal Reserve Bank of New York, nearly 17% of student loan debt is currently held by borrowers age 50 and older. For many of these borrowers, this student loan debt is money borrowed for their children’s or grandchildren’s educations.

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Topics: Student Loans, Retirement and Investing

Getting Divorced? Don’t Overlook Retirement Benefits

Posted by Hanscom Federal Credit Union on Jul 13, 2016 11:20:46 AM


The issues that couples deal with in a divorce are often emotionally charged. While couples argue about the immediate issues – the house, child support, debts, etc. – they may overlook or underestimate the importance of retirement benefits. It’s important to know your rights to retirement benefits because these benefits are not automatically split in a divorce.

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Topics: Retirement and Investing, Divorce

The 5 Top Questions Investment Property Buyers Ask The Pros

Posted by Hanscom Federal Credit Union on Jun 9, 2016 3:14:51 PM

One of the interesting things about real estate is that there is a fixed amount of it in the world. This fact, combined with a wide variety of home improvement television shows have many convinced buying a property as an investment is a smart move. Is it? 

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Topics: Retirement and Investing

Retirement Withdrawal Rate: What’s a Safe Number?

Posted by Maria Porto on May 13, 2016 1:57:44 PM

When my team and I go to companies and talk to employees about retirement savings, one of the topics we often hear discussed concerns withdrawing money from retirement savings.

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Topics: Retirement and Investing

Why an IRA Might Be Right for New Grads

Posted by Moneywise Newsletter on Apr 21, 2016 8:16:23 AM

If you're at the very beginning of your career – or still job surfing to figure out what career will be a good fit – thinking about retirement is totally ridiculous, right?

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Topics: Retirement and Investing, IRA

Budgeting for Retirement

Posted by Maria Porto on Feb 4, 2016 7:00:00 AM

Because no one truly knows how much money they will need for retirement, saving and planning for it can be daunting. Our Lunch and Learn program on Understanding Social Security Benefits is one of our most popular, and we get many questions about what retirement might look like financially.

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Topics: Retirement and Investing

When is it best to begin drawing Social Security Benefits?

Posted by Bill Burpeau on Jan 27, 2016 9:59:06 AM

Social_Security_Card.jpg
When I first began working in the late ‘70s, I was told, “Don’t worry about Social Security – it won’t be around for you!” 

Now that I’m about 10 years from being eligible to draw Social Security, and it is still around, I got curious about what my options really are. Here are a few things I found out. 

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Topics: Retirement and Investing

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