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  December 2017







Should You Save or Pay Down Debt?

Debt can be dangerous to your financial health. Thus, is it better to save or pay down your debt first? The answer depends on a lot of things that are unique to each individual, such as your age, how much you’ve already saved, what rate of interest you’re paying, and more. A review of the basics of financial planning is a good way to approach the subject. Here we outline how you should use income not dedicated to day-to-day expenses, in order of priority.
[FULL ARTICLE...Should You Save or Pay Down Debt?]


Challenges to Your Retirement

We all know saving for retirement is becoming more and more challenging. Longer life expectancies, fewer traditional pensions, and lower investment portfolios are the most obvious challenges. But there are other threats to your retirement.
[FULL ARTICLE...Challenges to Your Retirement]


Don't Touch Your 401(k) Funds

If you leave your employer, be careful about what you do with your 401(k) funds. Your worst option is to take a distribution, pay taxes and a penalty on it, and then spend the money on something other than retirement. By doing so, you use retirement funds and forego any further tax-deferred growth on those assets.
[FULL ARTICLE...Don't Touch Your 401(k) Funds]


Encourage Your Child to Fund an IRA

Once your child starts working, help him/her develop good savings habits by encouraging him/her to fund an individual retirement account (IRA). Even if your child only contributes for a few years, an IRA can provide significant funds for retirement.
[FULL ARTICLE...Encourage Your Child to Fund an IRA]


Consider a Bond Tent

The good news is you finally saved enough to retire and now have a large portfolio. The bad news? If the market takes a serious downturn, the impact on your portfolio could be a disaster. The money you thought you would have to live on for the rest of your life could end up falling short.
[FULL ARTICLE...Consider a Bond Tent]


   
 

 
Published by Integrated Concepts Group, Inc. 
Some information provided in this newsletter was prepared by Integrated Concepts. This newsletter intends to offer factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. Professional advisers should be consulted before implementing any options presented. No party assumes liability for any loss or damage resulting from errors or omissions or reliance on or use of this material.