Roger Green, MSFS,CFP®

Just over 1 in 4 of today’s 20 year olds will become disabled before they retire.1 About 20% - or 1 in 5 American adults- have a disability according to the CDC July 2015. The majority of wage earners believe they have a 2% or less chance of being disabled for 3 months or more during their working career, but the actual odds for a worker entering the workforce today are about 25%.1 Medical problems contributed to 62% of all personal bankruptcies filed in the U.S. in 2007.2 None of us know what challenges life will bring and that is why you should consider disability insurance.

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Roger Green, MSFS,CFP®

Have you heard of the Stanford Marshmallow Experiment conducted in 1972 by a Stanford University psychologist? In this experiment, children are given a marshmallow and told they would receive a second marshmallow if they could resist eating the first. Scientists studied how long each child resisted the temptation to eat the marshmallow. A long-term study of the children who participated in this experiment showed those who were able to wait for the marshmallow – to defer gratification - were most successful in life.

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Roger Green, MSFS,CFP®

Time is money—literally. For a recent graduate, time might also seem like an abundant resource, with many thinking they have plenty of time to save for their future – later. The traps of bad credit and debt snare many unsuspecting young adults and cling to their financial history for years.

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Roger Green, MSFS,CFP®

Very few people could “save” enough for retirement with today’s long life expectancies and earlier retirements. If you just “save” – yet do not have growth that exceeds both income taxes and inflation, you are more likely to run out of money.  

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Roger Green, MSFS,CFP®

Many people don’t realize the importance of building and maintaining a good credit score to their overall financial well-being. Before you make any buying decisions involving credit, think about your overall financial situation and the long-term impact of living “outside your means.” The cost of bad credit may be more than you realize. 

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Roger Green, MSFS,CFP®

Are you holding one or more 401(k) plan accounts from former employers? You have several options:

1. Leave the money and do nothing 
2. Roll it into your new employer’s 401(k), if allowed. 
3. Cash it out. 
4. Roll it into a self-directed IRA. 
5. Convert it to a Roth IRA account.

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