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For Long-Term Investors Fees Really Do Matter

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

After costs, the return on the average actively managed dollar will be less than the return on the average passively managed dollar for any time period.
—William F. Sharpe, 1990 Nobel Laureate

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How Confirmation Bias Could be Hurting your Investment Performance

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

Have you made up your mind on just about everything, even before you know what it is? For instance, when you meet someone, is your opinion of the person formed from the first impression? Or, when you hear a political argument from the other side, is your mind opened or closed? Are you able to concede the “good points” the other side make, or do you dismiss the whole argument?

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Retirement Income Planning Requires Realistic Spending Assumptions

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

If you have read any literature on retirement planning or have received advice from a financial professional, chances are you were presented with the 70% rule, the one that suggests that retirees will need between 70 and 80% of their pre-retirement income in order to maintain their standard of living.

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Planning for the New Normal Retirement

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

The need for retirement planning didn’t really exist until well into the 1970s. Up to that point, people worked until age 65, spent a few years in leisure through their life expectancy which was about 69. Many retirees of that era were able to coast into retirement with a cushy pension plan.

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Longevity Risk: The Biggest Real Retirement Risk You Haven’t Covered

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

This isn’t our parents’ or grandparents’ retirement anymore. Just a few decades ago, many retirees enjoyed the full benefits of the “three-legged stool” of retirement provide by guaranteed pension payments, savings, and Social Security.

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Why You Should Prioritize Retirement Savings over College Savings

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

Young families with an eye to the future are faced with a daunting choice – to save earnestly for a secure retirement or to save for their children’s education. Can you do both?

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Is a Fixed annuity Right For You?

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

One of the principal tenets of investing is that no one single investment is right for everyone. Every investment has certain characteristics, risks, and objectives that must match those of the investor, and fixed annuities are no different.

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Should You Have a Living Trust?

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

A will is the foundation of your estate plan and it is essential if your financial affairs are to be settled in accordance with your wishes. If you die without a will, or “intestate” as the law refers to it, essentially the state becomes your executor and your property will be distributed according to its laws.

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Planning a Family – What to Save for Right Now

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 26th, 2015

The decision to go forward with your plans to start a family is a joyous one, but it can also lead to increased stress especially if your financial house has not been child-proofed. Considering that, on average, the cost of raising a child now exceeds $300,000, there’s little margin for error for most young families that have other important financial goals to achieve.

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The Keys to Building Wealth

Submitted by Eric Nichols, ChFC, AIF® | Empowering Your Financial Future on March 18th, 2015

For many Americans, building true wealth might seem elusive, even illusory considering that many people, who very recently were sitting on six and seven figure 401k plans and home equity values, now feel unprepared for retirement. The lessons learned from the financial crisis is that wealth can be fleeting.

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