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The Benefits of a Diversified Portfolio

The Benefits of a Diversified Portfolio

  • 10/11/2017 6:25:00 AM
  • View Count 15
 Investing would be easy if markets rose in a straight line. Unfortunately that is rarely the case. Diversification can help an investor manage risk and reduce the volatility of an asset's price movements. Remember though, that no matter how diversified your portfolio is, risk can never be eliminated completely. A basic, diversified portfolio might include several investment categories such as stocks, bond and cash. Your allocation to each of these broad categories should be based upon your...
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What Is Roth 401(k)?

What Is Roth 401(k)?

  • 8/14/2017 5:57:00 AM
  • View Count 432
  If I told you that you could have tax-free income during retirement, would I have your attention? Sound too good to be true? Well, you can! Most of the plans we manage for our clients have a provision in them called Roth. Unlike your typical 401(k) account, a Roth account is an after-tax source of money, which means the contributions from your paycheck will be taxed today at your current tax rate then deposited into your account. Here’s the free part that got your attention. Wi...
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Maximizing Social Security Benefits

Maximizing Social Security Benefits

  • 7/14/2017 5:59:00 AM
  • View Count 137
  Did you know that for more than half of the people claiming retirement benefits, Social Security makes up 90% or more of their retirement income? That places a very heavy dependence on Social Security for those individuals. Unfortunately, many people lack the education and knowledge on this important benefit. Many people mistakenly think that when they hit a particular age, like 65, Social Security checks start rolling in automatically. They aren’t aware that there are a number...
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Am I On Track?

Am I On Track?

  • 6/14/2017 6:01:00 AM
  • View Count 121
  The most common question from participants in retirement plans is, “Am I on track to reach my retirement goal?” To help you answer that question, we recommend our easy, 3-step “Retirement Checkup.”Step 1. Review your retirement investments and total the amount of money you currently have in all your retirement accounts like 401(k)s, traditional IRAs, Roth IRAs, even investments in taxable accounts earmarked for retirement. Next, calculate the percentage of you...
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Designate a Beneficiary

Designate a Beneficiary

  • 5/14/2017 6:03:00 AM
  • View Count 125
 In your retirement plan account, you’re saving money for your future- which we hope will be a long and happy one. But, most of us are probably not immortal- and that means at some point we’ll need to know who you would like to receive this money in the event of your death. We call that person your beneficiary. Actually, you can name more than one person to be a beneficiary.We find that people often forget to add a beneficiary or forget to update this important information in th...
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Take the ABG Michigan 1% Challenge

Take the ABG Michigan 1% Challenge

  • 4/14/2017 6:07:00 AM
  • View Count 136
 Traditional Pension plans that pay a guaranteed benefit are almost extinct. And for most people, Social Security does not provide enough retirement income to live comfortably. As a result, you need to take responsibility for your own retirement savings. This means you need to periodically increase the amount you contribute to your retirement plan to reach your retirement goals.We recommend taking the ABG Michigan 1% Challenge! Increase your contribution rate by just 1% each year. And every...
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Do You Qualify For The Saver’s Credit?

Do You Qualify For The Saver’s Credit?

  • 4/14/2017 6:05:00 AM
  • View Count 117
 Did you know that you could potentially receive a tax credit for saving money for your retirement? Depending on your adjusted gross income on your tax return, you could receive a credit of up to 50% of your contribution to your retirement account, up to a maximum of $2,000. That’s a pretty good deal.This is called the Saver’s Credit, and its purpose is to encourage low to middle-income earners to save for retirement.To take advantage of the Saver’s Credit, you must be abl...
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Password Security

Password Security

  • 3/14/2017 6:09:00 AM
  • View Count 86
 All of us at ABG Michigan are committed to helping you succeed on your path to retirement. And since we share important information about your retirement account on our Retirement Plan Portal, we’re taking two new steps to improve your security when you visit us.First, we’re making passwords stronger. From now on, you’ll need a password that’s at least nine characters long and there are a few more requirements to keep in mind: Your password must contain both letter ...
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2017 Financial Resolution

2017 Financial Resolution

  • 1/14/2017 6:10:00 AM
  • View Count 100
Welcome to 2017 - The Year You Take Control Of Your Finances!To achieve financial security at retirement, it is essential that you start saving and investing as early as possible. NOTHING is more important than starting to save. NOW. But once you’ve started your savings path, it is important to recognize this is only the first step in your retirement journey.To help ensure your financial security, the entire ABG Michigan Team is here to help you along every step of your path to retirement....
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