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| Introduction | |
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| Your Retirement Needs | |
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| Confronting Retirement Realities | |
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| Increasing Life Spans | |
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| Retirement Stages | |
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| Demographic Trends | |
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| Sandwich Generation | |
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| Divorce | |
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| Retirement Gender Gap | |
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| Disability | |
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| Benefit Cutbacks | |
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| Employer Cutbacks | |
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| Government Benefit Cutbacks | |
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| Economic Trends | |
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| Shift to Personal Responsibility | |
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| Hour's Up! | |
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| Envisioning Your Retirement | |
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| Decide When | |
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| The Cost of When | |
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| When to Say When | |
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| Decide Where | |
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| Location Considerations | |
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| Location Choices | |
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| Decide About Working Part-Time | |
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| Decide on Leisure and Travel Goals | |
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| Decide on Your Overall Living Standard | |
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| Hour's Up! | |
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| Quantifying Retirment Costs | |
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| Estimate Food and Shelter Costs | |
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| Active Adult Retirement Communities (AARC) | |
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| Continuing Care Retirement Communities (CCRC) | |
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| Concentrated Retirement Care Living Options | |
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| Homeowner's Insurance | |
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| Estimate Healthcare Costs | |
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| Estimate Leisure and Travel Costs | |
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| Estimate Other Recurring Budget Items | |
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| Personal Care | |
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| Clothing and Local Transportation | |
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| Professional Services and Insurance | |
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| Taxes and Lump-Sum Expenses | |
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| Combine Estimates into Total Budget | |
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| Hour's Up! | |
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| Quantifying Retirement Assets | |
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| Your Financial Assets | |
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| Inventory Cash-Equivalent Savings | |
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| Inventory Market and Insurance Investments | |
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| Inventory Personal Retirement Assets | |
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| Inventory Employer Retirement Benefits | |
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| Inventory Government (Aided) Retirement Benefits | |
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| Inventory Home Equity, Real Estate | |
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| Inventory Property, Collectibles, Business Value | |
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| Inventory Potential Gifts and Inheritance | |
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| Understand Your Liabilities | |
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| Your Retirement-Ready Net Worth | |
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| Compile Your Inventory | |
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| What You Can Do Now | |
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| Hour's Up! | |
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| Your Retirement Gap | |
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| Retirement Finance Basics | |
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| Understand Inflation and Interest Rates | |
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| Return on Investment | |
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| Rate of Return | |
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| Historical Rate-of-Return Yardsticks | |
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| Understand Taxation Basics | |
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| Understand After-Tax Cash Flow | |
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| Understand Time Value of Money | |
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| Understand Estimation and Assumption | |
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| Hour's Up! | |
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| Retirement Gap Calculation | |
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| Understanding the Retirement Gap Concept | |
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| Financial Formulas Used in Calculations | |
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| Inflation | |
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| Investment Return | |
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| Synchronize for Growth with Inflation | |
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| Retirement Need Gap Calculation | |
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| Hour's Up! | |
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| Introduction to Retirement Gap Calculation | |
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| Setting the Stage | |
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| Preparing the Worksheets | |
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| Retirement Need Gap Calculation Procedure | |
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| Calculating Your Own Retirement Gap | |
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| Hour's Up! | |
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| Retirement Gap Solutions | |
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| Budgeting Basics | |
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| Investing Basics | |
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| Utilize Tax Reduction/Deferral Basics | |
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| Benefit Utilization Basics | |
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| Understand Dual-Purpose Resources | |
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| Your Home | |
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| Tax-Deferred Retirement Savings | |
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| Invest in Your Earning Potential | |
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| What Can You Do? | |
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| Hour's Up! | |
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| Employment/Government Plans | |
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| Social Security | |
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| Understand Contributions and Eligibility | |
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| Estimate Standard Benefit | |
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| Evaluate Early/Delayed Benefit Options | |
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| Early Retirement | |
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| Delayed Retirement | |
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| Estimate Supplementary Income Effects | |
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| Evaluate Taxation of Benefits | |
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| Anticipate Social Security Trends/Revisions | |
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| Hour's Up! | |
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| 401 (k) and Related Plans | |
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| Defined-Contribution Salary-Reduction Plans | |
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| A Closer Look at 401 (k)s | |
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| A Closer Look at 403 (b)s | |
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| Employer and Employee Contributions | |
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| Contribution and Investment (Re)Allocations | |
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| Allocation Alternatives | |
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| Allocation Rules | |
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| Income-Tax Impacts | |
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| Rules: Vesting, Borrowing, Withdrawals, Portability | |
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| Borrowing from Your 401 (k) | |
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| Plan Trends and Your Rights | |
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| Your Rights | |
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| Hour's Up! | |
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| Small Business/Self-Employed Plans | |
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| Understand SEP-IRA, SIMPLE IRA, and Keogh Basics | |
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| SEP-IRAs | |
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| SIMPLE IRAs | |
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| Keogh Plans | |
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| Income Tax Impacts | |
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| Understand Vesting, Withdrawals, and Portability | |
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| Comparison of Small Business/Self-Employed Plans | |
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| Hour's Up! | |
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| Defined-Benefit and Federal Pension Plans | |
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| Traditional Defined-Benefit Pensions | |
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| Cash-Balance Defined-Benefit Pensions | |
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| Pension Politics: Controversial Conversions | |
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| Normal and Early Retirement Options | |
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| Employee Rights and Pension Trends | |
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| Pension Trends | |
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| U.S. Federal Employee Pensions | |
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| Two Retirement Systems | |
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| Thrift Savings Plan | |
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| Hour's Up! | |
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| Traditional/Roth IRAs | |
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| IRA Eligibility and Contribution Basics | |
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| Tax-Deductible IRA Eligibility and Contributions | |
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| Roth IRA Eligibility and Contributions | |
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| Non-Tax-Deductible IRA Eligibility and Contributions | |
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| Common Rules | |
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| IRA Withdrawal Rules | |
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| Rollovers and Roth Conversions | |
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| Compare IRA Alternatives | |
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| Understand Investment Alternatives | |
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| Plan Trends | |
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| Hour's Up! | |
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| Medicare and Private Supplementary Insurance | |
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| The Medicare Problem | |
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| Understand Medicare Basics | |
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| Understand the Enrollment Window | |
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| Understand Medicare Reimbursement | |
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| Understand Private Supplementary Insurance (Medigap) | |
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| Understand Shopping for Supplementary Insurance | |
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| Understand Long-Term-Care Insurance | |
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| Hour's Up! | |
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| Assembling the Plan | |
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| Integrating Retirement Sources | |
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| Build a Long-Term Investment Portfolio | |
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| Employer/Government Plan Resources | |
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| Other Savings Sources at Work | |
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| Profit-Sharing Plans | |
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| Employee Stock Ownership Plans (ESOP) | |
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| Employee Stock Purchase Plans | |
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| Thrift Plans | |
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| Employee Stock Options | |
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| Variable Universal Life Insurance and Variable Annuities | |
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| Other Investments | |
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| Collectibles | |
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| Home Equity and Other Real Estate | |
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| Capital-Based Business Opportunities | |
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| Inheritance and Other Windfalls | |
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| Hour's Up! | |
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| Savings/Spending Priorities | |
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| Ration Overall Spending vs. Retirement Saving | |
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| Ration House Down Payment vs. Retirement Saving | |
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| Ration Debt Payoff vs. Investing | |
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| Ration Education vs. Investing | |
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| Ration Between Other Choices | |
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| Setting Priorities | |
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| Insurance vs. Retirement Saving | |
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| Hour's Up! | |
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| Retirement Road Detours | |
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| Expect the Unexpected | |
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| Premature Death or Disability | |
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| Family Medical Crises | |
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| Sudden Benefit Losses | |
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| Divorce | |
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| Expect the Expected | |
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| Family-Need Crunches | |
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| Early Retirement and Layoffs | |
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| Anticipate/Handle Widow(er)hood | |
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| Minimize the Detour Damage | |
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| Insurance | |
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| Shielding Assets | |
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| Hour's Up! | |
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| Retirement Plan Management | |
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| Changing Jobs | |
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| Portability Options | |
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| Using the Catch-Up Provisions | |
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| Max Out Your Retirement Savings Options | |
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| Portfolio Balancing and Investment Reallocation | |
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| Early Withdrawal Rules Without Penalty, If You Must | |
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| Roth Conversion Strategies | |
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| Hour's Up! | |
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| Completing the Plan | |
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| Determine Planning Parameters | |
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| Planning Time Frame | |
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| Determine Risk Tolerance by Life Stage | |
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| Economic and Investment Assumptions | |
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| Investment Amounts and Allocations | |
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| Project Contributions to Plans/Investments | |
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| Determine Asset Allocation Strategy | |
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| Bonds | |
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| Stocks | |
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| Adjusting Calculations and Assessing Performance | |
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| Hour's Up! | |
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| Comprehensive Retirement Gap Calculation Example | |
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| Setting the Stage | |
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| Preparing the Worksheets | |
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| Retirement Need Gap Calculation Procedure | |
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| Use of Estimations and Assumptions | |
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| Hour's Up! | |
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| Road to Retirement | |
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| Retirement Gap Scenarios | |
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| Typical Young Single Situation | |
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| Planning Advice | |
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| Savings Advice | |
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| Typical Young Married Situation | |
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| Debt and Houses | |
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| Kids | |
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| Typical Mid-Life Couple Situation | |
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| Typical Divorced Couple Situation | |
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| Typical Permanent Single Situation | |
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| Pre-Retirees | |
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| The Right Financial Advisor | |
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| Make Sure They Have Good Qualifications | |
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| Find an Advisor with a Compatible Style | |
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| Find a Compatible Advisor | |
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| Understand How Your Advisor Gets Paid | |
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| Have Confidence in the Methods Your Advisor Uses | |
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| Hour's Up! | |
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| Pre-Retirement Planning | |
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| Revist Retirement Scenario | |
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| Determine the Attainability of Your Original Goal | |
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| Determine Whether Your Objectives Have Changed | |
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| Revise Retirement Scenario | |
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| Consider Your Current Life Circumstances and Health | |
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| Consider Your Desire/Ability to Continue Working | |
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| Envision Retirement Life More Realistically | |
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| Pre-Retirement Lifestyle and Work Actions | |
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| Continuing Work or Starting a Business | |
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| Phasing Down or Out of a Business | |
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| Pre-Retirement Financial Actions | |
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| Restructure Investments for Retirement | |
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| Social Security, Medicare, Long-Term Care | |
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| Viatical Settlements | |
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| Reverse Mortgages | |
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| Annuities | |
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| Hour's Up! | |
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| Managing Retirement Distributions | |
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| Pensions | |
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| Lump Sums vs. Annuities | |
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| Annuity Withdrawal Options | |
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| Lump-Sum Withdrawal Options | |
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| Pension Plan Errors | |
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| All Other Retirement Plans | |
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| Understand Differing IRS Withdrawal Rules | |
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| Understand Tax Ramifications of Withdrawals | |
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| Evaluate Retirement Withdrawal Options | |
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| Social Security Rules for Widows and Widowers | |
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| Revisiting Your Withdrawal Options Annually | |
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| Hour's Up! | |
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| Retirement Pitfalls, Shortfalls, and Surpluses | |
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| Monitor Your Retirement Plan's Performance | |
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| Avoid Ripoff Retirement "Opportunities" | |
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| Remarriage and Other Complications | |
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| Retirement Dreams Deferred | |
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| Retirement Sweet Dreams, for Good | |
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| Hour's Up! | |
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| Appendixes | |
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| 20-Minute Recap | |
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| Resources | |
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| Answers to Quiz Questions | |
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| Retirement Gap Data and Calculation Worksheets | |
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| Index | |