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Financial Abuse of Seniors Hits Record

THE WALL STREET JOURNAL by. Yuka Hayashi (January 24th, 2019) U.S. banks reported a record 24,454 suspected cases of elder financial abuse to the Treasury Department last year, more than double the amount five years earlier, according to government data. The increase occurred as new federal and state laws are prompting banks to take a more active role in trying to address frauds and scams...
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A Complete Financial Risk Cycle

At West Coast Financial Services, our concern is to always help retirees allocate their assets to match their risk tolerance. This is vital because more often than not retirees are exposed to more risk than they are comfortable with or aware of, so we help fix that problem. Below you will find The Financial Risk Cycle, which shows each age group’s calculated risk tolerance level. Note, these risk...
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Breaking The Winter Chill With Some Hot Money Tips

Sometimes our lives get stuck on autopilot. For those of you in the colder climes, it’s always good to add a little heat to the cold winter weather. Between work, family, home commitments and other needs, checking all the boxes can be difficult; if not seemingly impossible. Here are a few tips to help you heat up your money life. Get a grip. Get to know your spending. If you are on salary,...
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New: IRS Announces 2018 Tax Rates, Standard Deductions, Exemption Amounts And More

Kelly Phillips Erb (March 7th, 2018) The Internal Revenue Service (IRS) has (finally) announced a number of tax-related provisions for 2018, including, of course, the latest tax rate schedules and tax tables. The rates are the results of the Tax Jobs and Cuts Act of 2017, signed into law by President Trump on December 22, 2017. If you’re a regular reader, you’re probably expecting me to lin...
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The 5 Inherited IRA Mistakes That Will Destroy Your Inheritance

Let’s be honest. Stress doesn’t help us make smart financial decisions. I think it’s fair to say when we are inheriting money it’s often a busy, hectic and stressful time in our lives. Here are a few mistakes you want to avoid if you inherit an IRA or other retirement accounts from a loved one. Don’t let these five mistakes destroy your loved one’s legacy. Avoid these Five Inherited IRA...
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How Grandparents Can Help Contribute To Their Grandchildren’s Education

Grandchildren represent the future. The grandparent/grandchild bond is extremely unique and one that is steeped in legacy, heritage and unconditional love. By sharing stories of the past, the bond between these 2 generations is solidified as the older generation looks to pass on their knowledge and life experiences with the newer generation. When parenting is left to the actual parents,...
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WCFS Annuities

"Everything You Need To Know About Annuities" Robust Education for Annuity Planning After assisting hundreds of retirees for over 30 years this comprehensive guide was put together for a number of reasons: The overwhelming lack of knowledge available today among consumers regarding annuities. When you think about it annuities are not discussed nearly as much as stocks bonds and ...
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WCFS Retirement

"Retirement Planning You Can Count On" Comprehensive Planning In All Aspects Our philosophy is this: Find out what our clients want their future to look like, then make it a reality. To accomplish this we work in tandem with our clients to discover their goals and needs, develop a comprehensive plan, and work on implementation. When we are able to come together with clarity and commu...
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