Downsizing your living arrangements has become a popular topic in the financial community and rightly so. There are many financial benefits to downsizing your home such as reduced expenses and increased cash flow. Pair those with other lifestyle benefits like freedom and flexibility to do the things you always have wanted to do, and the argument for downsizing becomes more prominent.
We are all familiar with the old adage that to be a successful investor you must buy low and sell high. I’m not sure anyone would argue this fact but unfortunately for most people this is a rather elusive concept. Why?
An umbrella insurance policy, sometimes known as excess liability, is additional personal liability coverage that supplements auto and homeowner insurance liability coverage and protects you from a wide variety of risks. Umbrella policies have been historically purchased by wealthy individuals with substantial assets to protect, but anyone with assets and a decent income can benefit from the extra coverage.
When you ask people what are the largest financial transactions they will make in their lives, the most common answers are a home, college tuition or saving for retirement. For about half the population, these answers are correct. But for the other half, couples who are contemplating divorce, the largest financial transaction, without question, is their divorce. If you happen to be one of these people, be aware that there are many financial pitfalls in divorce that if you avoid, can result in both you and your soon to be ex getting a better financial settlement.
One of the most common questions that I get as a professional money manager has to do with market timing. People seem to think that financial advisors have some investment ouija board that will let us know exactly when you should get in and get out to maximize your return. Unfortunately, if you think timing the market is a sound investment strategy, read on.
The debate of active vs passive investing has been raging since the 1970s with proponents on both sides offering up what they purport to be objective evidence that supposedly supports their respective positions. If you are not that familiar with the active versus passive debate, read on.
Bob interviews Pat Crowley, a principal of Hershman, Fallstrom & Crowley, Inc., a Certified Public Accountant licensed in Massachusetts, about the tax topics that are top of mind for most consumers and business owners. Patrick is recognized throughout New England for his special expertise in the tax controversy process.
Bob interviews Tracy Craig, a partner and chair of Mirrick O’Connell’s Trusts and Estates Group. She focuses her practice in estate planning, estate administration, prenuptial agreements, tax-exempt organizations and guardianships.
Insurance – no one likes to pay the insurance companies, but to ensure you are covered in the event of an accident, you should be considering the options.