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The Major 2018 Federal Tax Changes

Comparing the old rules with the new. Provided by Kenneth Hagel The Tax Cuts and Jobs Act made dramatic changes to federal tax law. It is worth reviewing some of these changes as 2019 approaches and households and businesses refine their income tax strategies. Income tax brackets have changed. The old 10%, 15%, 25%, 28%,

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Bad Money Habits to Break In 2018

Behaviors worth changing for the New Year. Provided by Kenneth Hagel Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior. #1: Lending

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What Do You Have in Reserve for 2018?

Build your emergency fund this year. Kenneth Hagel How much does the average American household have in the bank? Estimates vary, but the short answer to this question is “not enough.” Last year, a GoBankingRates poll discovered that 57% of U.S. households had less than $1,000 in deposit accounts (although, 25% reported having at least

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What will change financially for retirees and pre-retirees in 2018?

https://www.marketwatch.com/story/5-ways-life-could-change-for-retirees-in-2018-2018-01-09/

Avoiding the Money Pitfalls of Past Generations

Take these financial lessons to heart.  Provided by Kenneth Hagel  You have a chance to manage your money better than previous generations have. Some crucial financial steps may help you do just that. Live below your means and refrain from living on margin. How much do you save per month? Generations ago, Americans routinely saved

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5 overlooked retirement challenges

Wise Bread shows you how to plan to meet 5 overlooked retirement challenges: https://tinyurl.com/y8dha4d6

Why is it so important to have a Health Savings Account?

Read this CNBC article. .

Will Debt Spoil Too Many Retirements?

What pre-retirees owe could compromise their future quality of life. Provided by Kenneth Hagel The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as you

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An Estate Plan or a Wealth Transfer Strategy?

Basic estate planning documents may not communicate your intentions. Provided by Kenneth Hagel There are three degrees of estate planning: advanced, basic, and none at all. Basic is better than none, but elementary estate planning can still leave something to be desired. While appropriate documents may be in place, they may not be able to

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Talking to Your Kids About Your Wealth

How can you convey its importance and its meaning?   Provided by Kenneth Hagel  Are you an owner of a thriving business or a medical or legal practice? Are you a highly paid executive? If you have children, at some point they may discern how wealthy you are – and in turn, learn how “rich”

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