The Navigoe Blog

Category: Retirement

Celebrate Your Financial Independence

July is the month that we gather with family and friends over barbecue and fireworks to celebrate our nation’s independence. This month, take a moment to consider your own financial independence. What is financial independence? Financial independence is a concept that means something different to everyone. To some, it is being able to buy a…

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Navigoe 2014 Market Review

The year 2014 will be remembered as another great year to be a stock market investor, both in the US and abroad. Of course, as is usually the case, the year-end results give us a limited perspective on the actual events of the year. It’s been said that you know your portfolio is well diversified…

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Pension: Lump Sum or Monthly Annuity?

As you approach retirement, one important decision you may be faced with is whether to take your company sponsored retirement plan in a single lump sum distribution or as a traditional monthly pension. The lump sum may provide you with more money than you have ever had all at once. You may find that exciting,…

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Social Security: what it is and what it isn't

There are a lot of myths and misinformation about Social Security. You hear these things all the time, “it’s going broke” “I’ll never see a dime from Social Security” “I get less because I’m considered wealthy” “Social Security is a big ponzi scheme!” Well, it’s time to dispel the myths. I offer you my thoughts…

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The Great Recession, Five Years Later

The five year anniversary of the “Great Recession” stock market bottom was this past Sunday. Reflecting on that day, and all the chaos and fear that surrounded it, actually reminds me of a story from a few years earlier. In 2006, my wife and I took a trip to New York with some friends. We…

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The Backdoor Roth IRA: the opportunity and the caveats

The Roth IRA. It’s a good deal, right? Tax-free growth, no forced distributions at age 70½ and inheritors don’t have to pay income tax on distributions. So, why wouldn’t you contribute to a Roth IRA? Well, there are a couple of requirements and limits. For 2014, the maximum you can contribute is $5,500 ($6,500 if…

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