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Fellows Tax & Financial Services

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Grow Old with Me--Live (Almost) Tax-Free

What will you look for as you approach your "golden" years? Sunshine and the beach at your feet, or colder climates with your favorite cross-country skiing course outside your door? An affordable condo on the golf course with room for a visit from your grandchildren? Friends and family close by, or new "elder" friends living in close proximity? Excellent medical facilities nearby?
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The Principles of Financial Literacy

Financial literacy refers to the skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances. Financial literacy starts by building a basic understanding of "money matters" to create a sense of economic well-being, self-trust, and financial confidence.
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A Beginner’s Guide to Investing After Retirement

You may be retired and considering investing some of your retirement nest egg. Depending on your situation, it is crucial that investing in the stock market, bond market, or other investments does not jeopardize your retirement savings. For this reason, investments that preserve your initial contribution but still provide growth opportunity is essential. Here, we will start with the basics for beginners interested in investing after retirement.
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Choosing Your Pension Payout Option

If you plan to receive your pension payout on a monthly basis, you probably have some questions about your payout options. There are many factors to consider, so check out our blog to learn more about the options available to you.
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3 Moments in Life Where You Should Consider Consulting a Financial Professional

Financial planning can be complicated. There are many scenarios where you may feel comfortable handling financial decisions on your own, but here are three common situations when it may be a good idea to consult with a financial professional.
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Retirement Income Planning

For investors approaching retirement, it is important to begin thinking about retirement income planning. This involves a mindset shift from accumulating an investment portfolio designed for growth to creating a portfolio of retirement income designed to help you pursue your lifestyle goals.
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Making the Most of Your Relationship with a Financial Professional

Heading to your first meeting with a new financial professional may be a lot like going on a blind date. Can you have anything in common? Can you click? Can you trust this other person with what's most important to you? A strong relationship with your financial professional may be key in managing your finances, both now and in the future. Below, we discuss a few ways you may be able to make the most of your relationship with your financial professional.
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401(k) Rollover Options to Consider

When people are leaving their employer, one of the decisions they need to make is what to do with their 401(k). A retirement plan participant typically has four options (and may engage in a combination of these options), each choice offering advantages and disadvantages. Here, we will examine each 401(k) option.
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What to Do if You Underpay Your Taxes

Every year, there are taxpayers that underpay their taxes. It just happens. But if you do that, no matter how innocent your underpayment might have been, you can be subject to penalties. The IRS issued a statement to help those who underpay to avoid penalties.
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Working During Retirement

Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years.
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How Does an Interest Rate Hike Impact Investors?

Interest rates can positively or negatively affect the U.S. economy, the stock markets, and your investments. When the Fed changes the Federal Funds Rate, the rate at which banks can borrow money to lend to businesses or individuals creates a ripple effect². Consumers will have to pay more to borrow and benefit less from lower rates on their deposits as household budgets squeeze even tighter.
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