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The Raffer Investment Group

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The Importance of Long-Term Care Planning

If you’re relatively young and healthy, you may feel you have plenty of time before you need to worry about long-term care—or you may even think you won’t need it at all. But consider this: Someone turning 65 today has a 70 percent chance of needing this kind of assistance at some point in their lives.
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How to make a wealth transfer plan

A plan that includes a will and proper beneficiary designations helps anyone ensure that their wishes will be honored, and their assets will end up where they meant them to be. Barring a plan, assets can end up in probate court, which will decide what to do with them. This process can be slow and expensive.
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Healthcare in Retirement

For many Americans, navigating the maze of health insurance options—from employer-based plans to individual policies—can be dizzying. Much of that changes at 65...
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Investing During an Election

Like any big news event, U.S. presidential elections can cause ripples and even waves in the stock market. In November 2016, for example, Donald Trump’s victory sent Dow Jones Industrial Average futures plunging 900 points on election night...
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6 Steps to Protecting Your Wealth During Divorce

A divorce is one of the most difficult transitions you can go through. When you add uncertainty about money, that transition can get even more stressful. Here are six steps to help keep your finances intact during—and after—a divorce:
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Understanding Retirement Income Tax

When you retire, you’ll likely draw your income from several sources—such as retirement accounts, taxable investment accounts, and Social Security Benefits. Each of these sources is taxed according to its own rules.
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How to protect yourself from identity theft.

Online banking and electronic payment options offer consumers unprecedented access to their financial accounts. Yet, this convenience comes at a price & a greater risk of identity theft. Luckily there are steps you can take to protect against identity theft and reduce the damage when it happens.
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5 Rules for Long-Term Investing

The COVID-19 pandemic helped put an end to the longest bull market in history. The stock market plunged, and many investors were tempted to pull their money out of the market to avoid additional losses. But periods of uncertainty offer a good reminder to investors that investing is a long-term proposition.
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Is Your Business Protected if Disaster Strikes?

A disaster plan can help your business survive a worst-case scenario. What would happen to your business after a fire, a massive data breach or the sudden loss of a key employee? Would it recover? How long would it take? If you've never really thought about the answers to these questions, it's time to make a disaster plan.
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Two Strategies for Rebalancing Your Portfolio

Your investment portfolio is more than the sum of your account balances. It represents your pathway toward important financial goals, whether a comfortable retirement or a college education for your kids.But over time, the inevitable ups and downs of the financial markets can change the profile of your investment plan, leaving you with more risk than you'd like or less growth...
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It's Your Money, How You Spend It Is Up To You!

There are three common manners in which people spend their money in retirement. On the surface it may seem simple, some spend it quicker than others. However, if you peel back the layers there’s usually a lot more below the surface, not to mention some useful strategies that can help you make the most of it.
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How To Protect Yourself From Unplanned Healthcare Costs

During your working life you’ve probably been covered by health insurance through your employer or your spouses. However, as you get older, there are often some large expenses that Medicare doesn’t cover that can really throw a wrench into your lifestyle and savings. Fortunately, there are actions you can take to insulate yourself from these risks.
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Social Security: What You Need To Know Before You File

Year after year, paycheck after paycheck, you pay into it. Once you start to close in on retirement, you start to wonder how much you’ll receive back and when. So instead of leaving yourself in the dark, let’s look at the various factors and stipulations surrounding Social Security benefits.
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Why You Should Turn Off The News

Financial news stations have done a great job at deducing what will get people to tune in. They know people want to get rich quickly--I know, groundbreaking. They also know from Biology and Psychology that humans are hardwired to react more strongly to bad news
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The Smart Way to Save for College: The 529 Plan

Learn about what 529 Plans are, how to use them as a savings tool for College Education, and what expenses they can pay for.
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The Importance of Re-balancing Your Investment Portfolio

Like many things in life, investing requires balance. It may be tempting to put all your money in risky investments or solely play it safe, but the truth is a mixture of investments will yield you the best results.
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7 Concepts to Remember About Stock Market Corrections

Stock market corrections are not fun. But with good planning they can be weathered and your portfolio can come out stronger in the long run.
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9 Things To Do Today For Future Financial Security

By evaluating your spending style and making small changes to your lifestyle, you can secure your assets and make sure you keep the profits you worked so hard to obtain.
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5 Things You Should Know About Tax-Loss Harvesting

Tax-loss harvesting is the process of selling investments at a loss so you can offset gains and reduce the amount of tax you have to pay. If you know what your doing, you can use your losses to help your tax bill in the long run.
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All About Roth Accounts

While researching 401(k)s or IRAs, you may have heard the word Roth being tossed around. The Roth is a retirement account type that consists of different tax rules for your assets. With Roth accounts the money is taxed before being deposited into the investment account.
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What's the difference between a 401(k) and an IRA?

There are multiple options to choose from when saving for retirement, and sometimes too many choices leads to confusion about which is the right one for you.
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