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Square peg in a round hole Very often lately, if you are like us and watch a lot of TV, surf the web, or read a lot, you may have become inundated with financial product sales pitches. That’s just the nature of capitalism and free press. Unfortunately, the airwaves and the internet are rife with […]

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Well, not exactly, but we are moving up in the world !! After a great deal of careful thought and planning, we are pleased to announce that Summit Star Financial is now part of LPL Financial’s national network of independent financial service providers. Our new office is located at 182 Turnpike Road, Suite 200 in […]

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It may be a wise financial choice. It may be a good idea for a woman to retire later rather than sooner. Leaving the workplace after 65 may help position a woman for slightly greater retirement income and reduce some of the pressure of funding her “second act.” Women tend to receive smaller Social Security […]

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After you marry, to what degree should your financial lives be shared? Many couples who marry also wed their finances together. Whether they partly or fully merge their finances, many couples may see more advantages than disadvantages to taking this step. Some young married couples decide to create joint accounts early. Without a joint checking […]

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How to handle the cost of continuing your education. Some people decide to get another college degree later in life. That typically means taking on student debt, and dealing with that debt after 40 takes planning. Between 2005 and 2015, the number of Americans older than 60 carrying outstanding student loans quadrupled. How can you […]

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A self-created last will and testament may lead to problems. As an early step in estate planning, you may be tempted to write your own will. There are some good reasons why you shouldn’t. While do-it-yourself wills may be cost effective and make the process of will creation relatively simple, they also have shortcomings. DIY […]

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Nothing Can Replace a Real Live Financial Advisor A set of algorithms will never know you as well as another human being. Recently, the financial services profession has witnessed the rise of robo advisors: automated investment management platforms aiming to take the place of flesh-and-blood financial advisors. They are marketed as a less expensive alternative […]

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Tips and techniques to deal with impatience and anxiety. How can you rein in stress on the job? Some simple steps can help you ease tension and leave you in a better frame of mind. Try the 4-7-8 breathing method. Take a deep breath through your nose as you count to four. Then hold your […]

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Your future. Your dreams. Your quality of life. Good financial planning is holistic. It concerns more than money, more than accumulated assets. It’s about envisioning the life you want, and pursuing your dreams. It addresses life events and personal priorities as well as financial matters. What should your retirement look like? What do you want […]

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An overview of its current financial dilemma and potential solutions. Will Social Security be different when you retire? Its reserves are projected to be depleted by 2034, and if that happens, the program could pay retirees only about 80% of projected retirement benefits.¹ Since 2010, Social Security has paid out more than it has taken […]

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You can’t always envision what will happen in your “second act.” Just as few weathercasters can accurately forecast a month’s worth of temperatures and storms, many retirees find their futures unfolding differently than they assumed. Your assumptions may be tested as well. You may retire sooner than you anticipate. A majority of pre-retirees polled in […]

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Tips to improve it, and how long that will take. Roughly half of millennials have bad credit. Consumer credit reporting agency TransUnion says that 43% of borrowers in the 18-36 age bracket have credit scores under 600. For a generation crushed by student debt, that isn’t surprising.1 A credit rating is a snapshot of your […]

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