Inflation is when prices on normal goods and services moves higher over time. A common tool used to track inflation is the CPI or Consumer Price Index.

Advisor Testimonial – David H. Morgan

From: National Association of Certified Financial Fiduciaries

David H. Morgan, MSFS, CEP® is a financial advisor who offers comprehensive, holistic wealth management that connects every aspect of a client’s financial life. To help accomplish this, he engages a team of financial, legal and tax professionals who provide multi-disciplinary solutions to a client’s financial needs – solutions not…

Check In With Your Retirement Plan

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Preparing for retirement is a cornerstone of any financial plan, but a lot can change as you approach your golden years. That’s why trying a “retirement dress rehearsal” well before you stop working can reveal items to be addressed or give you reasons to adjust your expectations.

Double-check your financial details.
Most people’s anxiety about retirement comes…

Promissory Notes: Promises, Problems

From: www.nasaa.org

Many investors seek out safe, fixed-rate investments, especially ones that can boost the interest they earn. You, too, may be looking for sound investments that pay better than average interest to generate income or meet the needs of your overall investing plan. But as you consider new investment products or services, always remember the correlation between risk and reward: every investment involves some degree of risk,…

Social Security: What’s New in 2017

From: wealthmeethealth.com

Why It Matters:

• Social Security isn’t static. Many years there are adjustments and changes.

• For 2017, there is an increase to how much earnings are subject to Social Security taxes, which could affect high-wage earners.

• Social Security benefits adjust for inflation, but you may be surprised by how small that adjustment can be.

For 2016, there were some pretty big adjustments to Social Security. This…

Social Security True or False Quiz

From: www.aarp.org

Test your knowledge on this government program:

Don’t Let Myths Derail Retirement

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As an individual, you’re unique — and so is your retirement plan. Yet many Americans continue to believe some common retirement myths that have the potential to derail or negatively impact one’s future.

Myth: You only need to plan for retirement. Once you retire, the work is done.
It’s best to think of your retirement plan…

Addressing Consumer’s Objections to Annuities

From: www.wealthmanagement.com

Annuities, according to author and retirement income expert Tom Hegna, aren’t bad, but, he cautions, “there are bad annuities.” In this video clip from The American College New York Life Center for Retirement Income, Hegna speaks with Professor Dave Littell about common consumer objections to annuities and what advisors can do to reframe the conversation with clients about this important tool as part of an…

Retirees Moving to These States Can Get Some Great Tax Breaks

From: www.cheatsheet.com

Where you live when you retire matters — and not just because you want to be close to the beach or a golf course. State taxes can take a bite out of your retirement income, one reason why some retirees decide to pull up stakes when they stop working and search for a home with better tax…

What Is the Real Value of $100 in Your State?

From: taxfoundation.org

This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state.

The Bureau of…