Learn about passive investing and explore why the approach is more cost efficient and produces better outcomes than active management.
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Explore how can you make better decisions by categorizing your financial problems as either a muddy puddle or a leaky ceiling.
The post Financial Problems and Stress: Understand if You Have a “Leaky Ceiling” or a “Muddy Puddle” and Make Better Decisions appeared first on NewRetirement.
Daniel Kahneman made profound contributions to behavioral finance and likely to how you manage your money.
The post The Behavioral Finance Revolution: How Daniel Kahneman Redefined Personal Financial Decision-Making appeared first on NewRetirement.
Tier 5 and 6 members are subject to limits on the amount of overtime that can be included in their pension. You can earn overtime pay beyond the overtime limit, but it won’t be factored into your pension calculation. And you don’t pay member contributions on overtime pay that is above the limit. Tier 5 Overtime Limits The overtime […]
Many of us are terrified of jumping into retirement. We read about the retirement crisis and worry about our own finances, but millions of people retire every year and report feeling great about their lives. Is it possible that you should Keep Calm and Retire On? How Worried Do You Need to Be About the…
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, About Blog Retirement Planning Social Security Investing Financial Planning Hiring A Financial Advisor General All Articles Podcast Ask A Question Work With Me Select Page A Short History of the 60 40 Portfolio , Ep 341Â Posted by Benjamin Brandt Podcast 0 Due to last year’s poor market returns , youâ ve probably seen the headlines that the 60 40 portfolio is dead . But is that really the case This weekâ s retirement headline explores the history of this classic retirement investment strategy . After we tackle the headlines , Bret and I team up to consider the best places to move in retirement . Listen in to hear where not to . move Outline of This Episode 1:52 A history of the 60 40 portfolio 8:09 Why I like 60 40 15:10 Where should retirees consider moving to for a great retirement
This month’s resources start by exploring the impact of rising interest rates on your retirement planning. We’ll also contrast the difference between investing and speculating. Articles from people on both sides of the work/retirement decision question whether early retirement should be the goal. We’ll explore expert insights on lowering your tax burden and retirement planning....
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The easiest way to become a millionaire is to max out your 401k contributions every year. It’s a lot of money to put away but trust me. Your 401k will ... Read more
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Planning on taking out a NYSLRS loan? Applying through Retirement Online is fast and convenient. Eligibility for a NYSLRS loan is based on your tier. Generally, you’ll need to be on the payroll of a participating employer, have at least one year of service and have sufficient contributions in your account. (Note: Retirees are not […]
Investment costs can be easily reduced without compromising returns. Follow these low cost investing guidelines.
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There is surprising buzz around Stoicism, an ancient Greek philosophy. See how Stoic wisdom can help you achieve financial wellness.
The post Stoic Wisdom: 6 Key Insights to Make You Happier Today and Wealthier in the Future appeared first on NewRetirement.
Reducing expenses is a good way to deal with inflation. Here are 24 tips to make it a little easier to cut costs.
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NYSLRS retirement plans provide death benefits for beneficiaries of eligible members who die before retiring. If you are retired, your beneficiaries may be entitled to a post-retirement death benefit. It’s important to name beneficiaries and review them periodically. Life circumstances sometimes change, and the beneficiary you named before might not be the one you would […], About Blog Retirement Planning Social Security Investing Financial Planning Hiring A Financial Advisor General All Articles Podcast Ask A Question Work With Me Select Page 8 Ways to Become Poor in Retirement , Ep 340 Posted by Benjamin Brandt Podcast 0 There are many ways that could threaten your financial security in retirement . Knowing the common issues can ensure that you donâ t fall into the . traps Todayâ s financial headline comes from Yahoo Finance and is called 8 Ways Baby Boomers Become Poor in Retirement Listen in to learn what they are so that you donâ t drive yourself into the . poorhouse Outline of This Episode 1:22 8 ways to become poor in retirement 10:58 How can we determine the biases in an advisor 8 ways to ruin your financial security in retirement Carrying a
I was recently invited to speak at the EconoMe conference about the process of creating more accurate retirement projections. In preparing for my talk, I reviewed Darrow’s extensive work on retirement calculators on this blog. I want to expand upon a concept he’s written about: calculator fidelity. Understanding it is the first step in choosing...
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Are you setting a good example for your kid? Shouldn’t you work full-time at the office to support your family? What are you teaching your son by retiring early? These ... Read more
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, About Blog Retirement Planning Social Security Investing Financial Planning Hiring A Financial Advisor General All Articles Podcast Ask A Question Work With Me Select Page More Than Half of Americans Want to Retire Gradually , Ep 339 Posted by Benjamin Brandt Podcast 0 We all want to retire , but have you considered how you would like to transition to retirement This weekâ s retirement headline article shares some interesting statistics on phased retirements : who is thinking about them , who is utilizing them , and what people think about . them Listen in to learn the findings . Then stick around for our listener question surrounding stock positions , diversification , and . taxes Outline of This Episode 1:42 Exploring the idea of a phased retirement 7:12 Can a phased retirement allow
The numbers of people experiencing money dysmorphia are rising. Find out about this condition and what to do about it.
The post Money Dysmorphia: How to Trade Uncertainty with Financial Confidence appeared first on NewRetirement.
Are you aware of just how much investing is costing you? Explore all the fees associated with your mutual funds and ETFs.
The post Fees and Expenses on Mutual Funds and ETFs: A Complete Guide to the Often Misunderstood and Hidden Costs of Investments appeared first on NewRetirement.
Most NYSLRS members contribute a percentage of their earnings to help fund pension benefits. For Tier 6 members (those who joined NYSLRS on or after April 1, 2012), that percentage, or contribution rate, can change from year to year based on your earnings. The minimum rate is 3 percent of your earnings, and the maximum […]
Member Annual Statements are distributed to NYSLRS members each spring. Don’t wait for a mailed copy — get your Statement online instead! You can update your delivery preference in Retirement Online to receive an email when your Statement is available. (Note: Retiree Annual Statements were made available online in February.) Get Your Member Annual Statement […]Today’s post is written by Jeremy Zuke, one of my financial planning colleagues at Abundo Wealth. Jeremy achieved financial independence in 2022 and left a corporate marketing job to pursue work he is passionate about. A longtime Boglehead and hater of fees, he joined Abundo (with a nudge from me!) to further the mission of...
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Wow, I can’t believe it’s been 12 years since I left my engineering career! Time flies when you don’t have a boss. I’m happy to report I’m still going strong, ... Read more
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Your retirement account can be an attractive target for scammers, and imposters continue to find new ways to try to impersonate government agencies, such as NYSLRS or the Social Security Administration. Learn to distinguish fake messages from official NYSLRS communications and protect yourself from scams. How Scams Work Imposters pretend to be an agency or […], About Blog Retirement Planning Social Security Investing Financial Planning Hiring A Financial Advisor General All Articles Podcast Ask A Question Work With Me Select Page The Retirement Crisis That Wasnâ t , Ep 338 Posted by Benjamin Brandt Podcast 0 Once upon a time , there was a prediction that the baby boomer generation would face a retirement crisis . So how did this gloom and doom projection turn into the wealthiest generation in history Listen in to find . out Make sure to stay tuned for the listener question : What is the best way to fund a large expense without a large tax bill Outline of This Episode 1:37 The accuracy of predictions 7:26 What is the best way to fund a large expense without a large tax bill The dire consequences that didnâ t happen The baby boomers includeWith tax season upon us, it seems like a good time to share a resource that can save you hundreds of dollars on tax preparation and filing fees. It’s called IRS Free File, and it’s available to taxpayers whose adjusted gross income (AGI) is $79,000 a year or less. I used IRS Free File for...
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