Objective information about financial planning, investments, and retirement plans

Social Security-The End of the File and Suspend Couples Strategy


The big news in the world of retirement planning is end of a lucrative couples Social Security claiming strategy, file and suspend with a restricted application. The ability take advantage of this lucrative option comes to an end as of April 30, 2016 thanks to the passage of the Bipartisan Budget Bill of 2015.

Social Security-The End of the File and Suspend Couples Strategy

What is the file and suspend strategy?

Under this strategy spouse A upon reaching their full retirement age (FRA) would file for their benefit and then suspend it. They would accrue delayed credits at 8% per year out to age 70 (or sooner) at which time they would resume taking their benefit.

Once spouse B reached their FRA they would then file a restricted application for benefits in order to receive a spousal benefit based upon spouse A’s earnings record. Their own benefit would continue to accrue out until age 70 at which time they would switch to their own benefit if it was higher than the spousal benefit or continue to take the spousal benefit if it was larger.

In many cases this might add an additional $60,000 in benefits to the couple over the four years between spouse B’s FRA and age 70.

There are numerous reasons to do this and it has become a popular couples claiming strategy in recent years.

This option ends as of April 30, 2016.

Who can still take advantage? 

Couples who have executed this strategy are fine and there will be no changes. Couples who are eligible to execute this strategy prior to April 30, 2016 will still be able to.

What are the implications? 

Couples who might have factored this into their retirement strategy will need to rethink their plans and their Social Security claiming strategy.

Those who advise clients nearing retirement and those who provide Social Security tools to the financial advisors will need to rethink their advice and redo some of these tools. Websites offering Social Security calculators will need to redo them as well.

If this change impacts your situation I’d urge you to consult with a knowledgeable financial advisor.

There is much more detail on this change and much has been much written on this topic by a lot of folks whose opinions and knowledge I respect. Below are some excellent articles to check out to learn more about this.

8 Questions About Social Security Claiming Strategies by Mark Miller

The Death of File & Suspend and Restricted Application by Jim Blankenship

Congress kills Social Security claiming loopholes by Alice Munnell

Social Security changes will hit couples, divorced women hard by Robert Powell

Navigating The Effective Date Deadlines For The New File-And-Suspend And Restricted Application Rules by Michael Kitces 

Congress Eliminates Two Popular (and Profitable) Social Security Claiming Strategies by Tim Mauer 

New Social Security Rules: What You Need to Know by Mike Piper 

In addition here are two pieces on the topic that I recently wrote for Investopedia:

Social Security File and Suspend to End: How to Adjust

Social Security File and Suspend Claiming Strategy is Ending: Now What?

The Bottom Line 

The popular couples Social Security claiming strategy, file and suspend with a restricted application is coming to an end as of April 30, 2016. This is a game-changer for a lot of couples. This may be the time to seek out a knowledgeable financial advisor to advise you. Also stay tuned as there will undoubtedly be much more written on this topic moving forward.

Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner. Don’t miss any future posts, please subscribe via email.

Should You Wait Until Age 70 to Collect Social Security?


This post was written by financial planner Daniel Zajac. 

The decision to start or delay Social Security is a big one, one that may materially impact retirement success or failure. Because it is so important to retirement success, it bothers me when I hear soon-to-be retirees say they are going to take Social Security benefits early.  It also bothers me when they take Social Security benefits at full retirement age without considering the alternatives.

Perplexed? Stay with me.

I know what you’re thinking: “Why wouldn’t a financial advisor be okay with someone taking Social Security benefits at full retirement age?”

It’s not that I’m never okay with starting Social Security early or at full retirement age, I’d just want to make sure they take their benefits for the right reasons and do the right research into all the available options.  When it comes to Social Security benefits, there’s a lot of money to be left on the table if you don’t know what you’re doing (or if you decide to collect at any age, “just because”).

Plan A: Wait Until Age 70 to Collect Social Security Benefits

The Social Security Administration explains that full retirement age “is the age at which a person may first become entitled to full or unreduced retirement benefits.”

(Specifically, your full retirement age depends on your birth year. Someone born in 1940 has a full retirement age of 65 and 6 months. Someone born in 1960 has a full retirement age of 67. Waiting until age 70 to collect Social Security benefits shouldn’t feel like that long of a wait.)

Unfortunately, a little digging is required to realize that even if you take full benefits at your full retirement age, you won’t get the maximum Social Security available per month.  The maximum benefit is reached at age 70.

So why wait until age 70 if you can start earlier in the first place?  You’ll get an 8% increase in your benefits per year.  For example, let’s assume your full retirement age is 66 and you are to receive $2,000 per month.  If you wait until age 67 to collect (1 year), you will receive $2,160 per month, 8% more.

Now, when is the last time you heard of an 8% rate of return? That’s difficult to find. Better yet, it’s government backed. If you think you’re going to live a long time and you don’t need the money right now, “Plan A” may be the right plan for you.

But the 8% isn’t the only reason:

  • Get paid a higher amount for life. Generally speaking, people are living longer.  The longer people live, the more years they spend in retirement and the greater the chance of running out of money.  Optimizing Social Security to produce the highest monthly income could be a prudent, cost of living adjusted hedge against living too long.
  • You can take a spousal benefit. Spouses have more options for collecting Social Security.  If you are married, you can optimize your total income from Social Security by strategically taking a restricted spousal benefit and waiting until age 70 to collect your own benefit.

If you can afford it, waiting until you reach age 70 may be your best option to receive Social Security benefits – your benefits will max out at that age.

Plan B: Take Social Security Benefits at Your Full Retirement Age

Many people go with “Plan B.” They choose to because they don’t want to wait any longer.  They have paid into the system for many years and want to start collecting what is due to them.  However, by starting at full retirement age, they’re losing out on all the benefits I mentioned above. Even still, there are reasons to take Social Security benefits at your full retirement age.

If you’re at full retirement age, are strapped for cash, don’t have any other potential income sources, and are unhealthy, it may be reasonable to start your benefits.

However, before you start collecting at your full retirement age, I advise you to consider the alternatives.  Consider funding your retirement expenses through your savings while deferring Social Security.  Or, if you’re able, work a few years longer.  Retirement doesn’t have to occur at a certain age. Many choose to work well beyond their full retirement age. There may be many potential benefits that come with work, including continued socialization and better health – in some occupations.

For those who plan to work and collect Social Security, your full retirement age is the age at which you can collect your benefit and not receive a reduction for earned income.  Prior to your full retirement age, you may receive a reduction in your benefit if you collect Social Security and work (you can make up to $15,720 per year in 2015 prior to your full retirement age and not receive a reduction of income).

Before you apply for benefits, use the Social Security Retirement Estimator to get a feel for how much you’ll receive.

Plan C: Take Social Security Benefits Before Your Full Retirement Age

When you take Social Security benefits before your full retirement age, your monthly benefit will be reduced. For example, if your full retirement age is 66 – at which you’d receive $1,000 per month – and you choose to start receiving benefits at age 62, your monthly benefit will be reduced by 25% to $750 per month.

That’s quite a drop in benefits. I love Social Security, but I wouldn’t choose this plan without good reason.

Are there times when it would be reasonable to go with this plan? Of course. For example, you might be working in a job that is physically demanding and bad for your health. In this case, it might be more reasonable to quit your job and take Social Security benefits than to suffer a possible heart attack from overexertion.

Which Plan is Right for You?

This is by no means a complete list of the available options to you as a retiree.  It is, however, a quick review of several advantages and disadvantages of oft chosen plans.  As you progress through your 60s, it will become more clear which plan is right for you. However, the ultimate clarity can be derived via a detailed analysis of your total financial plan including other income, assets, and taxes.

Consider seeking the help of a financial advisor if you’re having trouble sorting through your options. Make sure your family is on board with your decisions. Seek wise counsel before you decide to retire. With a little help from those around you, you can find the confidence you need to make the right decision.

None of the information in this document should be considered as tax advice.  You should consult your tax advisor for information concerning your individual situation.

Daniel Zajac, CFP®, AIF®, CLU®, is a Partner and Financial Advisor with Simone Zajac Wealth Management Group based in the Philadelphia, PA area. As a 33-year-old veteran of the financial planning industry, Daniel loves to share his financial expertise with the masses at FinanceandFlipFlops.com. There, he explores the ins and outs of topics such as life insurance, investing, retirement planning, and much more.

Advisory services offered through Capital Analysts or Lincoln Investment, Registered Investment Advisors.  Securities offered through Lincoln Investment, Broker Dealer, Member FINRA/SIPC   www.lincolninvestment.com

Simone Zajac Wealth Management Group, and the above firms are independent, non-affiliated entities.

Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner.

What I’m Reading NFL Conference Championship Edition


Its conference championship weekend in the NFL. The winners of the two games on Sunday will play in two weeks in the Super Bowl.  The Indianapolis Colts play the New England Patriots in the late game.  The first game has my beloved Green Bay Packers visiting the defending champs the Seattle Seahawks.  A tough place to win so I’m hoping Aaron Rodgers and the rest of the team are up to the task.

While you are waiting for the game or if you are not into football here are a few financial articles I suggest for some good weekend financial reading:

Jim Blankenship tells us why Debt Consolidation Loans Don’t Work (But You Might Get it to Work For You!) at Getting Your Financial Ducks in a Row.

Ryan Guina asks When Will I Get My Tax Refund? 2014 Tax Year Refund Schedule at Cash Money Life.

Mike Piper answers Why is Currency Risk Bad? at Oblivious Investor.

Barbara Friedberg discusses Monthly Pension Or Lump-Sum: Which Is Better? At Investopedia.

Josh Friedman writes Pimco’s Assets Declined 10% in Quarter After Gross Exit at Bloomberg.

Cliff Goldstein discusses The best time to start taking Social Security at Market Watch.

Alan Roth warns Non-Traded REITs – Warning, Danger Ahead on the AARP Blog.

I continue in my role as a contributor to Investopedia and here are my most recent articles for them:

Why Retirement Advice Is Better But Still Lacking

How To Explain Portfolio Rebalancing To Clients

What To Do When Your Client Behaves Badly

How Financial Advisors Can Help Gun-Shy Investors

Enjoy the rest of your weekend.  Let’s Go Packers!

Please feel free to contact me with your questions. 

Check out an online service like Personal Capital to manage all of your accounts all in one place.  Please check out our Resources page for more tools and services that you might find useful.


Should You Accept a Pension Buyout Offer?


Corporate pension buyout offers have been in the news lately with Hartford Financial Services offering lump-sum payment options to former employees and with Boeing offering a choice of lump-sum or annuity payments to a similar group.

Other major corporations have made similar offers in recent years including General Motors, who actually offered retired employees a “pension do-over.”

The answer to the question of whether you should accept a pension buyout offer is that it depends upon your situation.  Here are a few things to consider.

Are they sweetening the deal? 

I don’t know the details of either the Hartford or the Boeing offers but I have to think they are offering these former employees some sort of incentive to forgo their normal pension and to take the buyout offer.  Perhaps the lump-sum is a bit larger and in the case of the Boeing offer the annuity payments are a bit better.  Or perhaps there normally wouldn’t be a lump-sum option available from the pension plan so this in and of itself is an incentive.

Remember the incentive for the companies offering these deals is to get rid of these future pension liabilities.  The potential cost savings and impact on their future profitability is huge. 

Can you manage the lump-sum? 

The decision to take your pension as a lump-sum vs. a stream of payments is always a tough decision.  A key question to ask yourself is whether you are equipped to manage a lump-sum payment.  Ideally you would be rolling this lump-sum into an IRA account and investing it for your retirement.  Are you comfortable managing this money?  If not are you working with a trusted financial advisor who can help you?

There has been much written about financial advisors who troll large organizations (both governmental and corporate) looking for large numbers of folks with lump-sums to rollover.  In some cases these advisors have moved this rollover money into investments that are wholly inappropriate for these investors.  As always be smart with you money and with your trust.  Be informed and ask lots of questions.

Do you have concerns about the company’s financial health? 

Do you have doubts about the future solvency of the organization offering the pension?  This pertains to both a public entity (can you say Detroit?) and to for-profit organizations like Hartford Financial and Boeing.  In the latter case pension payments are guaranteed up to certain monthly limits set by the PBGC.  If you were a high-earner and your monthly payment exceeds this limit you could see your monthly payment reduced.

While I am not familiar with the financial state of either Hartford Financial or Boeing I’m guessing their financial health is not a major issue.  However if you receive a buyout offer you might consider taking it if you have concerns that your current or former employer may run into financial difficulties down the road.

Who guarantees the annuity payments? 

If the buyout offer includes an option to receive annuity payments make sure that you understand who is guaranteeing these payments.  Typically if a company is making this type of offer they are looking to reduce their future pension liability and they will transfer your pension obligation to an insurance company.  They will be the one’s making the annuity payments and ultimately guaranteeing these payments.

This is not necessarily a bad thing but you need to understand that your current or former employer is not behind these payments nor is the PBCG.  Typically if an insurance company defaults on its obligations your recourse is via the appropriate state insurance department.  The rules as to how much of an annuity payment is covered will vary.

An additional consideration in evaluating a buy-out option that includes annuity payments of this type is the fact that most of these annuities will not include cost of living increases.  This means that the buying power of these payments will decrease over time due to inflation. 

What other retirement resources do you have? 

If you will be eligible for Social Security and/or have other pension plans it quite possibly will make sense to take a buyout offer that includes a lump-sum.  Take a look at all of your retirement accounts and those of your spouse if you are married.  This includes 401(k) plans, 403(b) accounts, IRAs, etc. This is a good time to take stock of your retirement readiness and perhaps even to do a financial plan if don’t have a current one in place.

The Bottom Line

I’m generally a fan of pension buyout offers, especially if there is a lump-sum option.  As with any financial decision it is wise to look at your entire retirement and financial situation and to have a plan in place to manage this money.  Where an annuity is also available you need to understand who will be behind the annuity and to analyze whether this is a good deal for you.  I suspect that pension buyout offers will continue to be offered by more and more organizations seeking to reduce their pension liability.  You need to be prepared to deal with an offer if you receive one.

Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner.

Pension Payments – Annuity or Lump-Sum?


I’m often asked by folks approaching retirement whether to take their pension as a lump-sum payment or as an annuity (a stream of monthly payments).  Investment News recently published this excellent piece on this topic which is worth reading.

As with much in the realm of financial planning the answer is that “it depends.”  Everybody’s situation is different.  Here are some factors to consider in deciding whether to take your pension payments as an annuity or as a lump-sum.

Factors to consider 

Among the factors to consider in determining whether to take your pension payments as an annuity or as a lump-sum are: 

  • What other retirement assets do you have?  These might include:
    • IRA accounts
    • 401(k) or 403(b) accounts
    • Taxable investments such as stocks, bonds, mutual funds, or others
    • Cash and CDs
  • Will you be eligible for Social Security?
  • Will the monthly pension payments be fixed or will they include cost of living increases?
  • Are you comfortable managing a lump-sum yourself and/or do you have a trusted financial advisor to help you?
  • What are your expectations for future inflation? 
  • What is your current tax situation and what are your expectations for the future?

Factors that favor taking payments as an annuity 

An annuity might be the right option for you if:

  • You have sufficient other retirement resources and are seeking to diversify your sources of income during retirement.
  • You are uncomfortable with managing a large lump sum distribution.
  • You are not eligible for Social Security.
  • Your pension payments have potential cost of living increases built-in (typical for public sector plans but not for private pensions).

Factors that favor taking payments as a lump-sum 

A lump-sum distribution might be the right option for you if:

  • You are comfortable managing your own investments and/or work with a financial advisor with whom you are comfortable.
  • You have doubts about the future solvency of the organization offering the pension.  This pertains to both a public entity (can you say Detroit?) and to a for-profit company.  In the latter case pension payments are guaranteed up to certain monthly limits set by the PBGC.  If you were a high-earner and your monthly payment exceeds this limit you could see your monthly payment reduced.
  • You are eligible for Social Security payments. 

The factors listed above favoring either the annuity or lump-sum options are not meant to be complete lists, but rather are intended to stimulate your thinking if you are fortunate enough to have a pension plan and the plan offers both payment options.  A full listing for each option would be much longer and might vary based upon your unique situation.

Moreover the decision as to how to take your pension payments should be made in the overall context of your retirement and financial planning efforts.  How does each payment method fit?

Lastly those evaluating these options should be aware of predatory financial advisors seeking to convince retirees from major corporations and other large organizations to roll their retirement plan distributions over to IRA accounts with their firm.  While this issue has seen a lot of recent press in terms of 401(k) plans it is also an issue for those eligible for a lump-sum pension distribution. If you are working with a trusted financial advisor an IRA rollover can be a viable option, but in some cases rollovers have been directed to questionable investment options putting many retirement investors at risk.

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3 Misunderstood Aspects of Social Security Benefits


This post was written by Jim Blankenship, CFP®, EA, a fee-only financial advisor and owner of the excellent finance blog Getting Your Financial Ducks in a Row, where he covers IRAs, Social Security, Taxation, and most other aspects of financial planning.  I’ve known Jim for a long time and consider him an expert on Social Security and many other topics.  His blog is must-reading for me and should be for you as well.

The Social Security benefit landscape is a complicated and confusing place to navigate. It’s tough enough to figure out what is the best time to file for your own benefits, let alone trying to coordinate benefits for yourself and your spouse.  There are many confusing provisions of Social Security; below is a brief explanation of 3 misunderstood aspects of Social Security benefits.

Spousal benefits

When one spouse is eligible for retirement benefits, the other spouse is also eligible for a benefit based upon the first spouse’s record.  The largest Spousal Benefit is 50% of the other spouse’s Primary Insurance Amount (PIA).  The PIA is equal to that individual’s benefit available at Full Retirement Age (FRA). Full Retirement Age is 66 for folks born between 1946 and 1954, increasing to age 67 for those born in 1960 or after.

An individual may receive the Spousal Benefit as early as age 62, at a reduced rate. The other spouse must have filed for his or her own benefit – and could have suspended benefits (see File and Suspend below).

The confusing parts. The following areas always seem to trip up folks as they plan for the Spousal Benefit.

  1.  Only one of the spouses can receive Spousal Benefits at a time. The other spouse must have filed or filed and suspended for his or her own benefit.
  2.  At or after FRA, the individual can receive Spousal Benefits alone, separate from the retirement benefit on his or her own record (see Restricted Application below).  This allows the spouse receiving Spousal Benefits to delay receiving his or her own benefit, increasing that retirement benefit (via Delayed Retirement Credits).
  3.  Before FRA, filing for Spousal Benefits will result in a reduced Spousal Benefit. Plus, filing for Spousal Benefits before FRA will result in deemed filing for the individual’s own retirement benefit, with both benefits reduced. 

File and Suspend

When the individual who is eligible for a retirement Social Security benefit reaches Full Retirement Age (FRA), the individual may voluntarily suspend receiving benefits.  By suspending benefits, the individual has accomplished two things:

  1.  The individual has established a filing date for benefits. This means that the Social Security Administration has a record that the individual has filed for benefits. Since that record exists, other benefits become available based upon the individual’s Social Security record. Also, at some point in the future, the individual could change his or her mind and collect retroactive benefits from the established filing date to the present, continuing to receive monthly benefits as if the filing was never suspended.
  2. The individual will not receive benefits while the suspension is in place. If the individual does not collect retroactive benefits at a later date (see #1 above), Delayed Retirement Credits will add to his or her future benefit. This amounts to an 8% increase in benefits per year of delay.

Restricted Application 

As mentioned above, when an individual reaches Full Retirement Age (FRA) and is eligible for a Spousal Benefit, the individual may choose to file a Restricted Application for Spousal Benefits only.  This type of application provides for the individual to receive *only* the Spousal Benefit, based upon his or her spouse’s record. By doing so, he or she can delay filing for his or her own benefit to a later date.  With the delay, the individual’s own benefit will gain Delayed Retirement Credits; maximizing the benefit by age 70.

Jim Blankenship, CFP®, EA, is a fee-only financial advisor.  Check out his blog Getting Your Financial Ducks in a Row, follow him on Google+ and Facebook as well.  

I invite you to contact me to ask any questions that you might have, to tell me what you like or don’t like about this site, and to suggest topics that you would like to see covered here in the future.

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A Pre-Retirement Financial Checklist


Are you within a few years of retirement? It’s time to get your financial house in order. Here are several items to include on your pre-retirement financial checklist.

 Review your company benefits  

Your 401(k) plan might be your largest and most significant employee benefit, but there may be others to consider as well. Does your company offer any sort of retiree medical coverage? Are there other benefits that you can continue at reduced group rates?

In the case of your 401(k) you will have choices to make at retirement.  You will need to determine if you want to leave it with your soon-to-be-former employer, roll it into an IRA, or take a distribution. The last choice will likely result in a hefty tax bill, so this is generally not a good idea for most folks.

Do you have company stock options that you haven’t exercised? Check the rules here. Speaking of company stock, there are special rules called net unrealized appreciation to consider when dealing with company stock held in your 401(k) plan.

Do you have a pension from your current or former employer?

While a pension is certainly an employee benefit, I feel that it deserved its own section.  You might have several decisions to make with regard to your pension benefit if you are fortunate enough to be covered by one.

  • Do you take the benefit immediately upon retirement, or wait?
  • If you have the option, do you take the pension as a lump-sum and roll over to an IRA or take it as a monthly annuity?
  • Generally there will be several annuity payment options to consider, which one is right for your situation?  

These decisions should be made in the context of your overall financial situation and your ability to effectively manage a lump sum. Since any lump sum would be taxable, it is usually advisable for you to roll it over into a tax-deferred account such as an IRA. If you have earned a pension benefit from a former employer, be sure to contact your old company to get all of the details and to make sure they have your current address and contact information so there are no delays or glitches when you want to start drawing on this pension.

Determine your Social Security benefits and when to take them

While you can start taking Social Security at age 62, there is a significant reduction in your monthly benefit as opposed to waiting until your full retirement age. Further, if you can wait until age 70 your benefit level continues to grow. If you are married the planning should involve both spouses’ benefits. There are a number of sophisticated strategies surrounding couples and whose benefits to take and when so planning is very critical here.

Review all of your retirement financial resources 

Over the course of your working life you have likely accumulated a variety of investments and other assets that can be used to fund your retirement which might include:

  • Your 401(k) or similar retirement plan such as a 401(b) or other defined contribution plan.
  • IRA accounts, both traditional and Roth.
  • A pension.
  • Stock options or restricted stock units.
  • Social Security
  • Taxable investment accounts.
  • Cash, savings accounts, CDs, etc.
  • Annuities
  • Cash value in a life insurance policy
  • Inheritance
  • Interest in a business
  • Real estate
  • Any income from working into retirement    

Well prior to commencing your retirement it is a good idea to review all of your anticipated assets and determine how they can be best utilized to support your anticipated retirement lifestyle.

Determine how much you will need to support your retirement lifestyle 

While this might seem intuitive you’d be surprised how many folks within a few years of retirement haven’t done this. Basically you will want to put together a budget.  Will you stay in your home or downsize?  What activities will you engage in?  What will your basic living expenses be?  And so on.

Compare this to the income that your various retirement resources might generate for you and you will have a good idea if you will be able to support your desired lifestyle in retirement.  Further you will need to do some planning in terms of which financial resources and accounts to tap at various stages of your retirement.

This is a very cursory “checklist” for Baby Boomers and others within a few years of retirement. This might be a good point to engage the services of a fee-only financial advisor if you’ve never done a financial plan, or if your plan is out of date. Retirement can be a great time of life, but proper planning is required to help ensure your financial success.

Please contact me with any thoughts or suggestions about anything you’ve read here at The Chicago Financial Planner.

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What I’m Reading – March Madness Edition


It’s a bit of a lazy Sunday here and I am half surfing the web and half watching the NCAA Men’s basketball tournament.  I’m not the college basketball fan that I once was, but I still love March Madness and watch every game that I can.

In 1939, H.V. Porter of the IHSA coined the te...

Here are some financial articles that I’ve read lately that you might find interesting and useful:

The Ultimate Guide to Understanding Your 401(k) A great piece loaded with information for those who might be new to 401(k) investing or who just want to learn a bit more by Harry Campbell on his blog Your Personal Finance Pro.

Five strategies to get the most Social Security another excellent and informative piece by Robert Powell at Market Watch.

And You Thought Just Tuition Was Expensive a nice piece on the Morningstar site that discusses how college expenses other than tuition can really put a strain on parents and students trying to pay for college.

Are You Paying Too Much For Mutual Funds?  Dana Anspach does a good job of addressing this important question at U.S. News.

The IRS Releases Their “Dirty Dozen” Tax Scams for 2014 was featured on Jim Blankenship’s excellent blog Getting Your Financial Ducks in a Row.

Americans and Retirement: 3 Worrying New Findings discusses EBRI’s most recent Retirement Confidence survey on Wall Street Cheat Sheet.

If you are new to The Chicago Financial Planner here are the three most popular posts over the past 30 days:

Your 401(k) is not Free

Life Insurance as a Retirement Savings Vehicle – A Good Idea?

7 Retirement Investing Tips

Well that’s it I hope you enjoy some of these articles and the rest of your Sunday.  I’ve watched a couple of good tournament games so far with hopefully more to follow.  Cool and sunny here today, but none the less good grilling weather, chicken is on the menu for tonight.

Please contact me at 847-506-9827 for a complimentary 30-minute consultation to discuss  all of your investing and financial planning questions. Check out our Financial Planning and Investment Advice for Individuals page to learn more about our services. 

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Photo credit:  Wikipedia

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