It’s like #Christmas around here! @PromarkAlliance @PromarkFN @ProULearning @PromarkFinance (Taken w

It’s like #Christmas around here! @PromarkAlliance @PromarkFN @ProULearning @PromarkFinance (Taken w

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@PromarkFN #pfnprelaunch #event is off to a great start.  @LindaKrall is expertly illustrating the d

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@PromarkFN #pfnprelaunch #event is off to a great start.  @LindaKrall is expertly illustrating the day’s events, @bizM3 and all the @PromarkAlliance members are ready to blow everyone away!  (via sweeteataylor)

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Missed the Google doodle?  Don’t worry, you can still celebrate women’s accomplishments and advocate for gender equality. Not sure how to celebrate? Here’s a few ideas… (full post via sweeteataylor)

Happy International Women’s Day!

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“[I]f you feel lost, disappointed, hesitant, or weak, return to yourself, to who you are, here and n

f you feel lost, disappointed, hesitant, or weak, return to yourself, to who you are, here and n”]
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What is your inspiration?  Where do you draw energy from?  What motivates you to follow your dreams

What is your inspiration? Where do you draw energy from? What motivates you to follow your dreams

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#5 Threat to Your Retirement Nest Egg

Withdrawing too much from savings.

Drawing down your savings too rapidly can also put your retirement plan at risk. This risk can be magnified further if a sustained market downturn—similar to the one in 2007-09—occurs early in retirement. Retirees should consider using conservative withdrawal rates, particularly for any assets needed for essential expenses.

Fortunately, you have control over how much you withdraw and can adjust it based on circumstances.

Consider keeping your withdrawals as conservative as you can. Later on, if your expenses drop or your investment portfolio grows, you may be able to raise that rate.

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#4 Threat to Your Retirement Nest Egg

Failing to position investments for growth.

A too-conservative investment strategy can be just as dangerous as a too-aggressive one. It exposes your portfolio to the erosive effects of inflation and limits the long-term upside potential that diversified stock investments offer. On the other hand, being too aggressive can mean undue risk in down or volatile markets. What can help: a strategy that seeks to keep the growth potential for your investments without too much risk.

Consider creating a diversified portfolio that includes a mix of stocks, bonds, and short-term investments, according to your risk tolerance, overall financial situation, and investment time horizon. Doing so may help you seek the growth you need in a way that lets you sleep at night. But remember that diversification/asset allocation does not ensure a profit or guarantee against a loss.

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#3 Threat to Your Retirement Nest Egg

Being caught unaware by inflation.

Inflation can eat away at the purchasing power of your money over time. This affects your retirement income by increasing the future costs of goods and services, thereby reducing the purchasing power of your income. Even a relatively low inflation rate can have a significant impact on a retiree’s purchasing power. For example, $50,000 today would be worth only $30,477 in 25 years, even with a relatively low 2% inflation.

Some retirement income sources, such as Social Security, some pensions and variable annuities can help you keep pace with inflation automatically through annual cost-of-living adjustments or market-related performance. But others, such as fixed pensions and annuities or fixed-income investments, can’t.
Consider investments that have the potential to deliver inflation-beating returns. Among the choices: growth-oriented investments (individual stocks or stock mutual funds, for example), Treasury Inflation-Protected Securities (TIPS) and commodities.

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#2 Threat to Your Retirement Nest Egg

Underestimating how long you will live.

As medical advances continue, it’s quite likely that today’s healthy 65-year-olds will live well into their 80s or even 90s. This means there’s a real possibility that you may need 30 or more years of retirement income.

An American man who’s reached age 65 in good health has a 50% chance of living 20 more years to age 85, and a 25% chance of living to 92. For a 65-year-old woman, those odds rise to a 50% chance of living to age 88 and a one in four chance of living to 94. The odds that at least one member of a 65-year-old couple will live to 92 are 50% and there’s a 25% chance at least one of them will reach age 97.

Without some thoughtful planning, you could easily outlive your savings and have to rely solely on Social Security for your income. Chances are, like many people, you don’t have a company pension to rely on – only 30% of Americans today have one. And with the average Social Security benefit of just over $1,000 a month, it likely won’t cover all your needs.

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