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Good to Know!

What is ‘Ginflation’?

Inflation appears to be moving up in some developed countries. In the U.S., inflation is measured by the consumer price index, which tracks the prices of about 80,000 items each month.  This includes our most common household groceries such as cereal, milk, coffee and wine. In Great Britain, economists have a similar measure called the…

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How do You Define Success? How do You Measure It?

In the U.S., there are no universally accepted definitions for economic classes. According to the most recent government data, the median household income in the U.S. is $56,500, which means half of all American households earn more and half earn less. However, when it comes to our own perception of financial well-being, many people use…

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How Long is ‘Till Death Do Us Part?’

One result of today’s longer lifespans is that marriages last longer too — unless they’re cut short by divorce. People may have been more likely to stay married when retirement lasted just 10 or 20 years, but now that more retirees live into their 80s and 90s, divorce is a more common option. Between 1990…

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See a Dentist Before You Retire

One activity that’s easy to overlook when preparing for retirement is dental work. While you may be in the habit of getting checkups every six months, be aware that Medicare doesn’t cover routine dental procedures, so this expense will soon be out-of-pocket. As you age, you’re more likely to have dental problems. So when you get…

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Will We Ever Close the Gender Gap?

Every year, the World Economic Forum updates its Global Gender Gap Report, which measures gender disparity across 144 countries and tracks this progress over time. The report pays special attention to the gaps between women and men with regard to health, education, economy and politics. Although the corporate “glass ceiling” has been broken by a…

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Prospects for Growth in 2017

Some researchers believe the U.S. economy has a healthy outlook: The GDP growth rate is in the ideal 2 percent to 3 percent range, unemployment continues to abate and inflation remains in check. The U.S. Bureau of Labor Statistics expects 88 percent of all occupations will experience growth by 2020, with the biggest increases coming…

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Lin-Manuel Miranda’s Tip

The New York Times reported in June 2016 that the 37-year-old creator of the hit Broadway musical ‘Hamilton’ was positioned to make more than $6 million that year alone, thanks to his multiple roles (author, actor, rights-holder) in the production. But it wasn’t always that way. Read more in this article: The creator of Broadway hit ‘Hamilton’…

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The Student Housing Investment

It’s hard enough for students to come up with the money to pay the rising cost of college tuition, but what about room and board? In fact, at some colleges, the amount charged for housing has increased at a faster rate than tuition. This expense offers an opportunity for family members to help out. In some…

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Active Money Management

Money doesn’t save itself. It doesn’t invest itself. It requires action upfront. Even if an investor engages in passive money management, he first should decide on his goals, his tolerance for risk, how he wants to invest, where he wants to invest, where the money will come from and if he can save/invest in a…

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