Your Financial Planning Starts with gathering your financial information into one place, to generate thoughts, questions, and opinions about your personal financial goals and situation. 1. You gather your data: financial questionnaire, tax forms, brokerage...
Financial Planning
Retiring When the Stock Market is High, and Interest Rates are Low
You just retired. Along with a great career, you have built up a substantial 401(k) balance. It took a while, but you got the hang of investing in equities, never comfortable with the ups and downs, but always focusing on long-term growth. However, now you need...
Social Security When Should You Start Taking It?
To try to develop the most effective retirement income strategy for the middle class, Stanford University’s Center on Longevity analyzed and compared 292 scenarios.[i] Its conclusion is a two-prong strategy. First, delay taking social security until age 70 by working...
Estate Planning Case Study
This is a hypothetical example and not actual clients and their outcomes. Congratulations, Fran and Ami Adams, for your marriage of over 40 years; two great kids; and two grandchildren, ages 3 and 11. You have built a substantial nest egg that you would like to [1]...
Should You Have a Trust as Beneficiary on Your Retirement Account?
To allow non-spouse beneficiaries to withdraw over their lifetime while protecting the retirement account (401k, 403b, IRA) from creditors, many attorneys recommended people name a Trust as the primary or contingent beneficiary of a retirement plan. That way,...
403b Plans for Massachusetts Teachers
Public school educators, including university professors and administrators, can save more pre-tax than any other public or private-sector employee. That’s because educators are eligible for two retirement plans, both with unique catch-up options. In 2020, educators...