Are you 50 or older? Time to CATCH UP on Your Retirement Accounts

July 29, 2016 10:44 am

I’m creeping close to the big 5-0. Many say it’s one of the milestone moments and if you’re lucky it is sometimes accompanied by a grander than usual birthday celebration.  Yes, you also get the often joked about AARP card. Sounds exciting right? Well, I found something even better to mark my 50th birthday. Are […]

Do you own company stock in your 401(k)?

July 5, 2016 9:52 am

One of my clients is retiring this year and we were discussing what to do with his 401(k) at our bi-annual meeting.   While typically most people either opt to leave their 401(k) as-is in their company plan or roll it over to an IRA, a third option is available if you own your company’s stock […]

Income Planning in Retirement: Which Withdrawal Strategy Should You Use?

June 2, 2016 10:09 am

You’ve worked hard and saved for a long time, and it’s finally time to retire.  In planning for retirement, you will need to evaluate your retirement income sources.  For most, a Social Security benefit will be one of the fixed sources of monthly income.  Others may also receive a monthly pension or perhaps a monthly […]

Snowbirds: Try Renting Before You Buy

May 23, 2016 11:38 am

As a Financial Advisor in New England for more than 10 years, I’ve met with quite a few clients looking for advice on a second home to escape our most unpopular season: winter. Usually the conversation starts with my client telling me of the deals they can find on buying a vacation home in sunny […]

Simple Inspirations for Personal Savings and Investing

April 26, 2016 1:54 pm

StrategicPoint’s Women’s Planning Initiative held an evening gathering in May during which we discussed: The Anatomy of a Good Decision, including a look at what elements go into a worthwhile decision.  The topic is meant to be broad in order to encourage the sharing of views, but it got me thinking about one aspect of choice […]

Choosing the Appropriate Pension Benefit

March 15, 2016 9:40 am

Pensions come in all shapes and sizes, and understanding how they fit into your long-term financial plan is essential when planning for retirement.  Some pensions offer cost of living adjustments (COLAs), can have varying ages of retirement and vesting schedules, as well as different payout options.  Unfortunately once you choose your payout option and begin […]

Per Capita or Per Stirpes with your IRA?

February 16, 2016 3:59 pm

When you selected your beneficiaries on your investment accounts, do you know if you chose “per capita” or “per stirpes”? This is quite important to review now, because you want to make sure you understand how your money is distributed once you’re gone. There is no wrong or right way; there is only your way. […]

The Return of Qualified Charitable Distributions

February 4, 2016 2:19 pm

I love a good comeback, so I was especially pleased to learn that Congress brought back qualified charitable distributions in 2015.  A qualified charitable distribution (QCD) is a donation made directly from your IRA to a charity when you have reached the age of 70 ½.  70 ½ is the magic age when Uncle Sam […]

What is a Reverse Mortgage? Is it for Me?

January 19, 2016 4:27 pm

I was watching television the other night and more than a few commercials were touting reverse mortgages.  In fact, I have noticed over the last year or so that these commercials are more frequent than normal.   I have been asked by multiple clients about reverse mortgages recently – when I asked what prompted them to […]