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Use math, science when planning your retirement

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First and foremost, I want to let you know that I would never try to sell you on anything. I have learned in my 40 years of experience that if I try to talk you into something, anybody can come right along and talk you out of it, so that is not my objective. However, with math, science, and reason, I would like to reaffirm...

Seven ways to improve 401(k) performance

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Improve 401(k) performance with these tips

In addition to the below tips, make sure to fully understand asset allocation and the fees being charged. Many 401(k) plans have fees subtracted by the firm that invests and manages the account. If a client is 59 1/2  years old and still working at the same firm where the 401(k) is, the funds can be rolled to a self-directed IRA without any tax exposure. This allows the client to select an asset allocation that might be more timely, especially as retirement age draws closer.

A 401(k) at a former employer can be rolled to a self-directed IRA at any time. This tax-free transfer allows many more options for investing.

1. Be Informed: Be...

Is your nest egg cracked?

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Potential market losses… Increased tax rates… Is your retirement nest egg safe?

You’ve spent a lot of time, hard work, and dedication saving for retirement. The last thing you want is to lose any of your hard-earned money to market losses or increased tax rates. However, this is what a lot of retirees’ face with the accounts they currently use for their retirement savings.

There are benefits to every type of account, of course, so these aren’t bad accounts by any means, but you must understand them to figure out if they are best for you.

A lot of people use a 401(k) or IRA for their retirement savings, as this is what they’ve been taught to do for so long. A 401(k) and...

Educating online helped me connect with students in new ways

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In a virtual world, it can be hard to connect to students with learning disabilities, but I have learned to adapt and form real bonds with my students. I have been working in the education sector for around 30 years and started teaching virtually in 2020. With degrees in special education, interpreting for the deaf, and educational leadership, I did not expect to be working as a 2nd grade teacher at New Mexico Destinations Career Academy, but taking that position opened doors for me to learn a new avenue of communication with students online.

I love teaching virtually because it allows me to work my schedule into what works best for me. It takes a certain person with resilience to...

Is your debt a snowball or an avalanche?

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‘Layin’ it on the line’

By Lawrence Castillo

Guest Columnist

“10% of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett

Getting rid of debt at any time is a great idea. After all, carrying a heavy debt load is known to cause various psychological and physical ailments. Being shackled to a pile of bills leads to the loss of opportunities and options that can improve one’s life.

These issues are magnified when a person is ready or forced by circumstances to retire. Although an alarming number of people are doing so, entering retirement with debt is highly inadvisable.

I often tell my clients, many of whom are retiring from...

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