Wright Financial Group, LLC

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Retirement Reports

At Wright Financial Group, we strive to keep you informed about the issues that could impact your quality of life in retirement. Through financial education, we believe you can make better, more well-informed decisions about your financial future.

By reading our financial reports, you’ll gain access to a wealth of information that can help guide you toward the retirement you’ve always envisioned. Whether you want to learn how to reduce your exposure to stock market risk or how fixed-income investments can help you generate reliable income for retirement, our financial reports are a great resource.

Reports

7 Risks To Your Retirement

Full Report 7 Risks To Your Retirement Most of us look forward to retirement, imagining that we’ll get to relax and enjoy activities we haven’t had time for – such as traveling, reading, and exercising.  However, as Baby Boomers and pre-retirees transition into full retirement, many don’t realize they are crossing the threshold into an

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Reports

Annuities – Income for Life

Full Report You try to protect your car, home, and your health with insurance, but are you trying to protect your retirement income? With the potential for tax-deferred growth and a guaranteed income stream, annuities can be important in helping meet your retirement objectives. How Annuities WorkVery basically, an annuity is a contract between you

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Reports

Are Your Allocations Right For RMDs

Full Report Are Your Allocations Right For RMDs There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to minimize taxes, minimize taking principal, and earn as much as possible. These goals are easy enough to understand, but there are many factors

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Reports

Are Your Allocations Right for Social Security

Full Report Are Your Allocations Right For Social Security Nothing exists in a vacuum, meaning that even if you’ve determined the best time and method of taking your Social Security benefits based on your age, objectives, and lifelong earnings, it won’t matter unless you properly coordinate your benefits with your overall retirement income plan. Most

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Reports

Bonds Vs Bond Mutual Funds

Full Report Bonds Vs Bond Mutual Funds Since many of today’s advisors got into the business during the 1980s and 90s, in what was the best stock market in U.S. history, most have become stock market specialists. Frankly, if they do fixed income, it’s usually an afterthought, and most will simply take the easy way out and

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Reports

Building Blocks of Retirement

Full Report Building Blocks of Retirement Traditionally, the key to a financially solid retirement plan has been to save early, ideally from the day you start working. It’s always been good advice to live by, but today’s retirement is more complex. It requires a different approach. It wasn’t always this complicated. There was a time

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Reports

Don’t Let Long-Term Care Be Your Financial Blindspot

Full Report It’s no secret that Americans are living longer than ever. While that’s great news, it also creates many personal and social challenges. According to the Centers for Disease Control, for a couple in their mid-60s, there is a 50% chance that at least one of them will live into their mid-90s. That means

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Reports

Estate Planning

Full Report Estate Planning Dispelling myths, rumors and misinformation is an ongoing battle for financial advisors. Estate planning is a topic especially prone to myths and misinformation. In this report, I’m going to dispel 10 common myths about Estate Planning and give you the real facts — facts that could be critically important to helping

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Reports

Guide to Aging

Full Report Working Americans at or approaching retirement age today face many unprecedented challenges unique to their generation. That’s why it’s important to have a retirement plan that addresses these challenges and uncertainties head-on. One of the keys to doing just that is being aware of the retirement planning milestones that occur from age 50

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Reports

Hard Lessons of the Stock Market

Full Report If you’re like most people, you believe there’s a great deal of truth in the adage, “history tends to repeat itself more often than not.” That’s an important adage to keep in mind when it comes to saving and investing for retirement because it allows you to get a glimpse into the future

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Reports

How Much Do I Need to Retire

Full Report One of the first things people do once they get serious about planning and saving for retirement is to look at a retirement calculator to find out how much they need to save. There’s nothing wrong with that. However, every person’s situation is completely different. What might be the right amount for one

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Reports

How to Give and Receive Charitable Contributions

Full Report Most people are aware that charitable contributions to qualified recipients are tax-deductible, provided they are made by December 31 of the tax year for which you are filing. It’s a great benefit for people who feel strongly about supporting various causes and organizations, and it makes for a great year-end tax-saving strategy. Rather

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Reports

Importance of Financial Defense

Full Report Financial Defense The great Alabama coach “Bear” Bryant once said, “Defense wins championships,” and you can bet that almost every great coach in nearly every sport has shared that same philosophy. Just think about some of the great sports dynasties, teams that won championships year after year: the Green Bay Packers under Vince

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Reports

Introduction to the Universe of Income Generating Financial Strategies

Full Report Introduction to the Universe of Income-Generating Financial Strategies Aggressive instruments are those primarily invested in for growth. As the chart shows, they include things such as common stocks, stock mutual funds, commodities, Business Development Companies (BDCs), and speculative real estate. Again, these are typically invested in growth or capital appreciation, not income. They

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Reports

Investing For Income In The Stock Market

Full Report Investing For Income In The Stock Market When people think of Investing for Income, the first thing that might come to mind is investing in non-stock market investments, like bonds.Yes, bonds and bond-like instruments are an important part of investing for income, but there is also a way for those with the willingness and ability to endure some

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Reports

Negative Spin on Annuities

Full Report Negative Spin Everyone understands that the mass media has changed drastically in the last 10 to 15 years. Not so long ago, we relied on daily newspapers, TV, and radio for all the information we needed to help us make informed decisions and stay abreast of current events. Now, in the age of the internet,

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Reports

Passive Income for Retirement

Full Report It seems that tax laws and regulations are constantly changing. That’s why it’s always good to meet with your CPA or financial advisor on an annual basis to talk about potential tax savings strategies as they exist under current tax rules and guidelines. While it’s generally best to havethat meeting in November or

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Reports

Proactive Tax-Saving Strategies

Full Report It seems that tax laws and regulations are constantly changing. That’s why it’s always good to meet with your CPA or financial advisor on an annual basis to talk about potential tax savings strategies as they exist under current tax rules and guidelines. While it’s generally best to have that meeting in November

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Reports

Protect Yourself From the Dangers of Inflation

Full Report After more than a decade of hovering at normal-to-below-average levels, inflation became a hot topic again in 2021 when it rose to over 4%. By March 2022, it had hit a 40-year high of 8.5%. This prompted the Federal Reserve to take its usual course of action to combat inflation: raisingshort-term interest rates.

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Reports

Protecting Your Finances in the Age of Cybercrime

Full Report Few inventions in recorded history have revolutionized the way we live like the Internet. It has changed the way we communicate and has made thousands of previously slow, complex processes faster and more efficient. Yet, while solving old problems, the Internet — like any invention — has also created new ones. Among the

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Reports

Retirement Risk Report: Will You Outlive Your Money

Full Report In survey after survey, the top financial fears among older Americans are almost always the same. They include things like:  Not having saved enough for retirement. Having high medical bills. Another stock market crash. But for retirement savers and retirees alike, there is one worry that stands out above the rest: the possibility

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Reports

Secure Act 2.0

Full Report The $1.7 trillion budget bill signed by President Biden on Dec. 29, 2022, included the bipartisan SECURE Act 2.0. The legislation expands on many of the provisions in the original SECURE Act, which was signed into law in 2019. SECURE is an acronym for Setting Every Community Up for Retirement Enhancement, and the

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Reports

Surviving-Child Financial Checklist

Full Report The loss of a parent is difficult enough, but it can be made worse when grief is compounded by worry and confusion over the prospect of dealing with their financial affairs. A recent study from the National Center for Health Statistics suggests: • Over 30% of retired Americans need assistance in managing their

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Reports

The Case For Fixed Income

Full Report The Case For Fixed Income We hear the term “renewable resource” used often when referring to energy — solar, wind, and even tidal energy. Most agree that the practical use of renewable energy is essential for our future well-being. The same can be said for money, investing, and retirement. By planning ahead, Americans

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Reports

The Income Generation Report

Full Report The Income Generation Report Starting about five years ago I began using the term “Income Generation” to describe the demographic encompassing my clients, prospective clients, and myself. To put it simply, the term refers to today’s generation of retirees and near-retirees. That means Baby Boomers but also older Gen Xers, who are also

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Reports

TR=I+G Guide

Full Report The Case For Fixed Income There are many misconceptions about investing. One is that the terms ‘growth’ and ‘return’ are synonymous. They are not. Total return is a sum of two things: income plus growth, as illustrated in the formula: TR=I+G. To break it down further, growth comes in the form of capital

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Reports

Understanding Maximizing SS Benefits

Full Report Understanding Maximizing SS Benefits Before you retire, you should know what all your various sources of income will be, and how much you can expect to receive from each. Obviously, Social Security benefits will be one of those sources, but how much you can expect to receive depends on many factors. There are

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Reports

Understanding Price-to-Earnings Ratios

Full Report Have you ever bought a pair of pants for your child or grandchild that were too big? It’s a common occurrence, and when it happens, you have two options: 1) you can throw the pants in the wash and try to shrink them, or 2) you can just sit back knowing that your

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Reports

Understanding RMDs

Full Report UNDERSTANDING RMDS The idea behind Required Minimum Distributions, or RMDs, is that the government wants to give us a tax incentive to save for retirement – but they also want to make sure we don’t misuse it. So, if we’re in the 24%tax bracket and we put money into a tax-deductible IRA or a

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Reports

Why Investing in Mutual Funds Could Jeopardize Your Plans for Retirement

Full Report Why Investing in Mutual Funds Could Jeopardize Your Plans for Retirement Unfortunately, since many advisors who serve clients in the Baby Boomer demographic entered the business during the 1980s and 90s, in what was the best stock market in US history, they became stock market specialists favoring growth instead of income. Many of them also became focused on mutual

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Reports

Women, Money & Retirement Separating Fact from Fiction

Full Report The 100th anniversary of women’s right to vote in the U.S. occurred in 2020. During the last century, women have made great strides in educational achievement and career opportunities. Despite this progress, they continue to be at greater risk than men of not achieving a financially secure retirement. Today, a woman’s path to

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Reports

Year-End Financial Planning Checklist

Full Report Americans are notorious for overspending when the holiday season rolls around. While that may be good for the economy in the short term, it often ends up being bad for household budgets. Ultimately, though, overindulging a bit in spending during the holidays doesn’t need to create hardships if you know your broader financial

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