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Tax-Deferred or Tax-Exempt? Potential Benefits to Having Both

By Ridgegate Financial | August 15, 2017

  Over the years, you may have heard it’s good to have different “kinds” of money as you head into retirement. A financial advisor may recommend a combination of tax-deferred and tax-exempt financial products, diversifying your money to help take advantage of the tax benefits both types of products provide.   What many people don’t…

It’s Easy to Stay on Track When You Have a Plan

By Ridgegate Financial | August 14, 2017

Standard Article   Help Stay on Course with a Life Plan   Have you ever looked at your life and wondered, “How on earth did I end up here?” It’s probably happened to us all at some point. Author Michael Hyatt refers to it as drift: wandering so far off our original course that we…

Important Information on Financial Gifts

By Ridgegate Financial | August 3, 2017

Standard Article   Navigating the Guidelines of Gifting   Many people who have met with a financial professional and estate planning attorney have a well-thought-out plan in place to transfer assets to their beneficiaries upon their death. That’s a critical part of long-term planning, but what if you’d like to give your loved ones money…

Divorce During Retirement

By Ridgegate Financial | August 1, 2017

A funny thing happens when you get busy with trying to achieve all the things you want out of life: You lose a few along the way. Unfortunately, some people lose their marriage.1 In this scenario, you also must deal with myriad details when it comes to dividing assets to help ensure each ex-spouse has enough…

Preventing Elderly Financial Abuse

By Ridgegate Financial | August 1, 2017

  A recent study by the Center for Retirement Research at Boston College concluded that many retirees who do not suffer from any cognitive impairment can still manage their money through their 70s and 80s.1 The study reports that financial capacity relies on accumulated knowledge and that knowledge stays mostly intact as we age.  …

Selling Your Home? Do These Things Before You List.

By Ridgegate Financial | July 30, 2017

Ahhh, summer. The time of year when our thoughts turn to swimming, frozen treats, and … moving? Reports indicate that summer is the most popular time to relocate, with 48 percent of moves happening between May and August.1   In May, the National Association of Realtors announced existing-home sales are forecasted to jump 3.5 percent…

Retirement Issues for Men

By Ridgegate Financial | July 27, 2017

Standard Article The Retiring Man   We frequently read about the challenges retiring women may face — less income, higher health care costs and outliving their spouse.1 But what about men? It can difficult for some men to retire after a lifetime of working outside the home. Not only do they miss the intellectual stimulation…

What Is Evidence-Based Investing?

By Ridgegate Financial | July 25, 2017

The evidence-based approach originated in the medical field to promote the use of clinical experience and the best available research to make decisions about individual patient care.1   In the investing world, this translates to a goal of using current evidence to help maximize an individual’s investment returns while minimizing risk from market downturns.2 In…

Keeping Connected With the Ever-Changing Internet

By Ridgegate Financial | July 25, 2017

If you’ve watched national news in the past year or two, you’ve likely heard debates about net neutrality, which is the principle that internet providers should allow access to content regardless of the source and without blocking certain sites.   In the waning days of the Obama administration, the Federal Communications Commission passed a rule…

Savings and Investment Updates

By Ridgegate Financial | July 25, 2017

The American College of Financial Services recently posted some surprising results from its Retirement Income Literacy Quiz. Nearly three-quarters of respondents ages 60 to 75 failed the test with a score of 60 percent or less.1   The quiz included topics such as which expenses are covered by Medicare and long-term care insurance and what…