Planning for retirement – Traditional IRA versus Roth IRA

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By Joseph McManus, RICP®, Financial Planner, Prudential Advisors There are many vehicles used for retirement planning. One of the most common is the traditional IRA (individual...

Joseph McManus, RICP®, Financial Planner, Prudential Advisors

Helping you navigate your finances as you plan for retirement   By Bonnie Adams, Managing Editor Marlborough - Last December the U.S. Congress passed, and President...

Baby boomers near 65 with retirements in jeopardy

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“The situation is extremely serious because baby boomers have not saved very effectively for retirement and are still retiring too early,” said Olivia Mitchell, director of the Boettner Center for Pensions and Retirement Research at the University of Pennsylvania.

Could a market decline help your 401(k)?

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Money managers say take a breath — downturns could offer opportunities to strengthen your retirement savings for the long run.
Older residents of Massachusetts who are struggling financially may get some relief from the state’s Senior Circuit Breaker Tax Credit. Photo/pixabay.com

Massachusetts seniors may be eligible for circuit breaker tax credit

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By Kelley Walker Perry, Contributing Writer  BOSTON – Older residents who are struggling financially walk into the Mattapan Family Service Center at 535 River Street,...

Job market challenging for baby boomers

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But as many boomers have lost their jobs and faced long-term unemployment in the Great Recession, career change has been difficult.

The right fit: Tips for hiring a financial adviser

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Hiring financial help is hard. Anyone looking for assistance managing their money will quickly encounter an alphabet soup of professional designations.

Reverse mortgage rules change

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By Alain Valles, CRMP The Reverse Mortgage rules changed Oct. 2. For the past 25 years, reverse mortgages have allowed hundreds of thousands of homeowners...

Reverse mortgages: financial protection

By Alain Valles, MBA, CRMP, CSA Hopefully your life has been rewarding and pleasurable. But we all have experienced, or will someday face, life's unexpected...

Families at odds over financial planning

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it is important to plan a detailed discussion, given the strong likelihood that older parents and their adult children have conflicting expectations about issues such as elder care, retirement security and inheritance.