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Phishing, the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information such as passwords and credit card numbers, was recently reaffirmed as the "biggest cybersecurity threat in 2018."
Why is it so important to save for retirement (Part 1)? Life Expectancy is a big reason. In addition to Social Security benefits (more to come on this next month), your investment portfolio is likely to be your most significant source of financial support in retirement. Naturally, the longer you live, the more financial support you will need and people do continue to live longer. The following chart uses information from the Social Security Administration to compare the probability of living to a specific age for someone born in 1950 versus 1990.
The absence of significant inflation, driven by gas prices which are substantially lower than a year ago, means bad news in 2016 for those who receive Social Security benefits - there will be no cost-of-living adjustment, or COLA. In an unintended consequence, Medicare premiums could also rise for many.