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Authentic Advice Blog: Social Security – More Than Just a Retirement Benefit

When people think of Social Security, they often think of it as just a retirement benefit.  They assume if they work and pay into Social Security long enough, they will qualify for a monthly retirement benefit that lasts the rest of their life. Social Security is that and much more.  In addition to retirement benefits, […]

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Social Security and Medicare Face Financial Challenges

Most Americans will eventually receive Social Security and Medicare benefits. Each year, the Trustees of the Social Security and Medicare Trust Funds release lengthy reports to Congress that assess the health of these important programs.  The newest reports, released on April 22, 2020, discuss the current financial condition and ongoing financial challenges that both programs […]

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Understanding Defined Benefit Plans

If you are like many Americans, you likely have an employer-sponsored retirement plan.  This is the third article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. You may be counting on funds from a defined benefit plan to help you achieve a comfortable retirement. Often referred to as traditional […]

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403(b) Plans: The Basics

If you are like many Americans, you likely have an employer-sponsored retirement plan.  This is the second article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a […]

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Should You Dip into Your HSA Now? Or Save it for Retirement?

A recent study from Fidelity estimates that an average 65-year-old couple retiring this year will need to have $295,000 in today’s dollars for future medical costs. So what is an effective way to save for medical expenses in retirement? Consider a Health Savings Account (HSA). 1) Contributions are pre-tax and avoid FICA tax if made […]

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5 Steps for a Fair Price at a Dealership

Buying a car can be exciting but also a time-consuming process. At Austin Asset, it is not uncommon for us to facilitate the car buying process for our clients. Our goal, to save our clients time and help them get a fair price. To do that, we follow a repeatable and straightforward 5 step process. […]

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Taking Advantage of Employer-Sponsored Retirement Plans

As financial advisors, we are constantly being asked how best to save for retirement?  In most cases, the answer is simple, start with your employer-sponsored plan.  Why?  Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating […]

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Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart — you may be able to reach […]

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Coping with Market Volatility: Understand How Your Biases Can Affect Investment Decisions

As individual investors, we are commonly drawn to what is going on in the market.  Often, the things that draw us in are engineered to make us react.  In doing so, we can often come up with reasons why we should buy or sell.  When asked to explain our reasoning it is often a ‘gut […]

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Greg’s “I Can!” Story

Greg has been a supporter and donor of Any Baby Can for many years. Hear about why giving to Any Baby Can has changed his and his family’s perspective. 

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