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Consider Taxes Before Retiring Abroad

One way to stretch your retirement nest egg is to relocate your retirement nest. Finding a place with a lower cost of living can include considering retirement in another country. Before you pack your sunhat and flip-flops and head for a low-cost retirement haven, however, take a look at all the factors affecting your retirement […]

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2018 IRA Contribution Deadline

In case you missed it, there is still time to make an IRA contribution for 2018. The deadline for making such a contribution is Monday, April 15th.  The IRA contribution limit for 2018 was $5,500 to any combination of IRAs and/or Roth IRAs. If you file a joint return, you and your spouse can each […]

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Seen Yearly, Retirement Medical Costs Not So Scary

Have you ever worried yourself into a frenzy over something, only to find out you were worrying about the wrong thing? For example, researchers say that Baby Boomers are more worried about being financially devastated by unexpected health costs in retirement than they are about outliving their retirement savings. But isn’t the cost of health […]

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How to Compare Living Costs and Benefits

Suppose you’re ready to take your career up a step, and you’re exploring opportunities in various parts of the country. You may easily be misled by the money script that a higher salary equates to a higher standard of living. As last week’s column pointed out, this is not necessarily true. What can you do […]

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Snowflakes, Money Scripts, and the Cost of Living

Suppose you earn $45,000 at a job in Rapid City, SD, and you learn that someone doing the same job in Redwood City, CA, earns $60,000. Your instant conclusion is likely to be that they enjoy a higher standard of living than you do. That assumption would be a money script. It is neither completely […]

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