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In recent years, the U.S. stock market has seen a significant increase in concentration, with just a handful of companies dominating the market. This growing trend has raised concerns among experts about the potential risks it poses to investors. For instance, the top 10 stocks in the S&P 500 accounted for 27% of the index
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When it comes to planning for retirement, most individuals focus on the typical factors such as savings rate and total nest egg. However, one crucial element that often gets overlooked is life expectancy. The question of how long you will live impacts how much money you need to set aside for your retirement. Unfortunately, predicting
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As individuals approach retirement, especially those with significant balances in pre-tax retirement accounts such as 401(k) plans or IRAs, it is crucial to have a solid plan in place to manage future tax implications. According to financial experts, there is a looming “tax time bomb” that retirees may face when required minimum distributions (RMDs) come
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Many people across the United States are facing a retirement savings crisis, with their 401(k) plans and other retirement balances falling short of what they will need to live on during their golden years. The Transamerica Institute and its division, Transamerica Center for Retirement Studies, conducted new research that revealed a concerning trend among American
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The recent surge in inflation has had a significant impact on retirees and near-retirees, causing many individuals to reconsider their retirement plans. Research from Prudential Financial reveals that a substantial number of 55 and 65-year-olds are facing challenges due to the rise in price growth. According to the survey, 43% of 65-year-olds have postponed their
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