Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
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This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. If you’re an older member of Generation X – that is, if you were born in the early- tomid-1960s – you may have a lot of “balls in the air.” You are saving for your own retirement – which might not be that far away – while at the same time possibly wanting to help pay for your children’s college education. And you may also be assisting your aging parents in some ways. How can you manage this juggling a...
You don’t have to be a CEO or multimillionaire to benefit from a trust. In fact, many people gain advantages from establishing one – so it may be useful to learn something about this common estate-planning tool. Why would you want a trust? For one thing, if you have highly specific wishes on how and when you want your estate to be distributed among your heirs, then a trust could be appropriate. Also, you might be interested in setting up a trust if you’d like to avoid the sometimes time-...
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. We all make excuses. Most of the time, they’re pretty harmless. But you could be hurting yourself if you make excuses for not taking action in some areas — and one of those areas is investing. Not investing, or not investing enough, can have serious consequences. In fact, a lot of people are poorly prepared financially for retirement. Consider these figures from the Federal Reserve: The median ret...
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor, Ben Graham. Currently, the U.S. dollar is pumped-up and powerful. But what does a strong dollar mean to you, as an investor? To begin with, it’s important to understand just what is meant by a “strong” dollar. The U.S. dollar does not exist in a vacuum — its value, from a global perspective, is determined by its changing strength relative to that of other currencies. Let’s look at an example:...
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Like many people, you may enjoy investing. After all, it can be invigorating to put away money for your future, follow the performance of your investments and track the progress you’re making toward your long-term goals, such as a comfortable retirement. However, you might be less excited about doing estate planning, dreading the perceived time, effort and cost. Yet, you can make the entire process mor...
You might not think that 70½ represents any particular milestone. But when you do reach this age, you will have to make some decisions that affect an important aspect of your life — your retirement income. Here’s the background: Once you turn 70½, you will need to start taking withdrawals from your 401(k) or similar employer-sponsored retirement plan and from your traditional IRA (but not your Roth IRA). Actually, you will need to begin these withdrawals — known as “required minimum distribut...
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Your Social Security benefits can be an important part of your retirement income strategy. But when should you start taking these payments? You can begin accepting Social Security as early as 62, but your monthly checks will be much smaller than if you wait until your “full retirement age,” which will likely be between 66 or 67. And these monthly payments will get even bigger if you wait until age 70,...
