Here’s What You Need To Know About Market Corrections

Market corrections hurt. They can come out of nowhere. And when they do, they ignite fear, amplify worries, and set off alarm bells. It’s hard not to panic when that happens. And it’s tempting to react and want to pull back.1 Many people give in to that temptation.2 Informed investors

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You Already Have the Keys to a Better Life

What would make your life better? A new house or car? A bigger paycheck or bank account? It’s easy to want more when you think of being happier and living better.1 And there’s little doubt that money can buy some (more) happiness.2 But the happiness we get from money is

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Goal Setting

We at Paragon Financial Advisors don’t believe that “any direction” is acceptable. The financial well-being of you and your loved ones is too important to be left to chance. That’s why we encourage our clients to develop their personal financial goals. Goals are basically a result or achievement toward which

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Asset Protection??

Normally, retirement plans are generally considered safe from creditors. A recent ruling by the Bankruptcy Panel for the 8th U.S. Circuit Court of Appeals has called that safety into question. An individual was awarded ½ of his ex-wife’s 401(k) plan and her entire individual retirement account in their divorce settlement.

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Rocky Road Ahead?

October 2018 marked the 10th year of the longest bull market in history. In 2017, the stock market (S&P 500) moved placidly upward; in fact, the market set record highs over 100 times since the Presidential election in November 2016. This year, 2018, has given investors pause to think, however.

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Things to Think About: Tempus Fugit! Time Flies!

Time does fly—and with it, some potentially significant tax benefits. There are actions which, if taken in October 2018, can have consequences on taxes—even 2017 retirement plans. We will discuss some of the general rules here; you should discuss the specifics of your situation with your tax professional. Roth IRAs

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Social Security, If Not Now-When?

Social Security benefits are a component in the retirement planning of most Americans. However, those benefits pose questions for both younger and older employees. Younger employees are faced with the long term viability of the system (see our previous posting of “Social Security, Medicare, and You”. Older employees are faced

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Social Security, Medicare, and You

Each year the Trustees of the Social Security and Medicare trust funds provide a report on the financial status of these programs—current and projected. The information below is from a summary of the 2016 Annual Reports www.ssa.gov, Office of the Chief Actuary, 2016 Trustees Report-Jacob J. Lew, Sec. of the

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Old Age and Retirement

The World Economic Forum produced a white paper entitled “We’ll Live to 100-How Can We Afford It?” (Lead Author, Rachel Wheeler, Project Lead, May 2017) The basic premise of this white paper was the status of world-wide retirement plans and potential problems and reforms necessary to address those problems. The

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Equifax Data Breach – How Should I Respond?

You’ve probably heard by now that Equifax, one of the four major credit reporting agencies, experienced a security breach resulting in the exposure of the personal information of 143 million Americans between May and July of this year.   While Paragon does not have a relationship with Equifax, we feel

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