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Investing? What You Need to Understand About Risk-Return Levels

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In investing, like in life, the biggest rewards often go to those who take the biggest risks. Investing is part art, part science, and it’s difficult to find the perfect investment — one that yields great returns with minimal risks. One of the prevailing investment theories is Modern Portfolio Theory (MPT). MPT emerged in the…

How Retirees Can Save for Medical Expenses

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According to Fidelity, health care costs for couples who planned to retire in 2015 will rise to an estimated $245,000 throughout retirement. Just 10 years ago, this figure was $190,000 a year, but people are living longer and the cost of health care continues to rise. The average American will live until nearly 79-years old….

Doug Sheahan Shares Advice for Powerball Winners with NBC News

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  Many of us probably raced to our local convenience store or gas station to buy a Powerball ticket in the last week. The idea of winning $1.5 billion — or even a sliver of this amount — would be life-changing for most people. But do you know what you’d do if you actually won…

Should You Use a 529 Plan or an UTMA to Save for College?

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Next to buying a home, paying for college is probably the biggest expense a family will ever have. And with the average cost of a four-year college between $22,000 and $31,000, parents need to start saving for their children’s education as soon as possible. A 529 plan is one way to do this. The plan…

Financial Considerations When Delaying a Family

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According to national statistics, with each passing decade people are having children later in life. The rate of women ages 40-44 having their first child has more than doubled over the last 20 years. And it’s not only the over-40 set that is waiting to start a family. Millennials, many of whom have been challenged…

How to Become a Successful Wealth Manager

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The wealth management industry is growing thanks to demographic shifts in the United States. More people are accumulating wealth at a much younger age and the population of high-net worth individuals continues to grow, from 2.9 million in 2005 to 3.3 million people as of 2013. Between major firms, family offices and independent fee-based advisors,…

Douglas Sheahan Featured in Advisor Today Magazine

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There are more than 76 million baby boomers in the U.S., but many of them don’t have nearly enough saved for retirement. According to the TransAmerica Center for Retirement Studies, most people in their 50s and 60s only have $127,000 saved for retirement, far less than the $1 million they need to comfortably maintain their…

ICCF Wealth Management President Quoted in TheStreet Article

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If you sock away most of your money in an interest-bearing savings or checking account, you’re likely not getting a great return on your money. Bank account savings rates have hit near rock bottom—just slightly outpacing the current rate of inflation at 0.066% But there are several other options for consumers who are looking for…

What Can Millennials Do Now to Save for Later?

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When you’re in your 20s, the last thing you want to think about is retirement. Though it may be 40 or 50 years away, retirement comes at a high price. According to a survey by the U.S. Bureau of Labor Statistics, retirees spend an average of nearly $41,000 annually to maintain their standard of living….

Making Contributions to Last Year’s Retirement Accounts

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Tax season. It’s that time of year again. We’re now less than a month away from the 2014 filing deadline on April 15. That deadline means several things depending on your financial situation. First, if you haven’t filed your taxes yet, do so as soon as possible. And perhaps equally important, think about making more…

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