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September 3, 2019 – Creating a Financially Organized Life

Written by Taylor Financial Group, LLC When it comes to creating and keeping a financially organized life, most Americans are in need of serious help. According to a study by U.S. Bank, only 41% of Americans use a budget. Everyone wants a financially organized life, but many Americans do not even know where to start! At Taylor Financial Group, we recognize the importance of financial organization in creating a healthy financial life, and so should you! At the most basic level, financial organization saves time and money because it aids in paying bills on time, finding needed documents during tax...read the full article

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The Week Ahead – August 26, 2019: A Retirement Fact Sheet

Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.

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August 26, 2019 – 5 Pitfalls Widows Should Be Aware Of: What the Widows’ Penalty is, and What That Could Mean for You

Written by Taylor Financial Group, LLC Although it’s certainly more exciting to plan for the happy events in life, like weddings and children, it’s an unfortunate reality that couples cannot stay together forever. The gap in life expectancies between women and men (81 years versus 76 years) along with the gap in average marrying age (women most commonly marry at 27, while men most commonly marry at 29), means an unfortunate number of wives will outlive their husbands. And it might be more than you think – according to the 2010 US Census, there are 11 million widows in America,...read the full article

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The Week Ahead – August 19, 2019: Digital Asset Planning Checklist

Everyone should know what assets they own, yet many don’t when it comes to digital assets. Use this checklist to help you make sense of yours. What is a Digital Asset?

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August 19, 2019 – Finding Happiness with a Financial Advisor

Are your financial troubles raining on your lifestyle parade? Written by Taylor Financial Group, LLC You may feel stuck in an ever present cool and penetrating fog when it comes to managing your money. But studies show that many people find that a financial advisor can be the first rays of sun breaking through the clouds. Well, the recent market volatility may not have allowed you to find the sun just yet. Only one third of U.S. adults work with an advisor today[i]. Perhaps they think it’s too costly or that they could manage their finances and investments on their...read the full article

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The Week Ahead – August 12, 2019: Planning for Future Health Care Costs

The usual method for estimating spending needs in retirement is to take your post-retirement household budget and tack on an inflation rate, such as 2%. Not so for health expenses. Some expenses increase at a faster rate than the inflation rate you use, others at a slower rate, but overall, expenses such as housing, utilities, food, and so on, should rise with the general rate of inflation.

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social security benefits application form

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August 12, 2019, Social Security: Are You Ready for Potential Shortfalls?

Written by Taylor Financial Group, LLC Some people are convinced that we are approaching the end of Social Security, and fast. In fact, it has been causing many Americans to question themselves: “Will Social Security still exist when I retire?”

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rust listed as a beneficiary of your IRA of your retirement account

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August 8, 2019, Do you have a trust listed as a beneficiary on your IRA? Find out how that can potentially put you at risk.

If the SECURE Act is passed (as we anticipate that it will be), and you have a trust listed as a beneficiary of your IRA, your retirement account could potentially be at risk.

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The Week Ahead – August 5, 2019: Searching for Health Coverage in the Years Before Medicare

What are your options for insuring yourself prior to age 65? If you retire before age 65, you must be prepared to address two insurance issues. One, finding health coverage in the period before you can sign up for Medicare. Two, finding a way to pay for that coverage.

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Dr. Kelly Federal reserve cutting rates

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August 5, 2019, Federal Reserve Cutting Rates

Written by Taylor Financial Group, LLC Wednesday, July 31st was a big day. The Federal Reserve cut interest rates (by 25 basis points (0.25%)) for the first time since it battled the financial crisis in 2008. To put this in perspective, the last time the Fed cut rates, the Dow Jones Industrial Average was a third of what it is today, and Instagram was not yet invented.

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