If you’re among the many recent college graduates, you’re likely thinking about your future. You may even have a pretty impressive list of things you plan to do, like buying a car, taking a fabulous trip abroad or buying your first house.
Long term care insurance is a particularly important type of insurance. This type of policy is meant to provide for your personal care and wellness when you reach an age or health condition where you need assistance with the basic functions of living.
We’re in an era of The New Retirement, which is a mindset and a necessity, considering the unique factors that face present and future retirement outlooks. It wasn’t that long ago when people worked until age 60, then retired and collected a pension. But the dynamic has changed tremendously in the past 15 years.
You know the importance of strengthening your 401K for your retirement, but what you might not be aware of are the costly mistakes that many people make with their 401Ks. We certainly want to help you avoid short-changing your 401K – if not destroying your 401K altogether, so take a look at what we see as the most common 401K investment mistakes.
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?
As you approach your retirement planning, and as you partner with your financial planner, you’ll discover a number of unexpected demands on your retirement funds. These unwelcome ‘surprises’ are simply realities of life in our modern times, but challenges nonetheless to your financial outlook in your retirement years.
If you’re thinking about getting into the real estate market, or expanding your real estate portfolio, you’ve likely heard the term REIT. A REIT, or Real Estate Investment Trust, is a company that owns or finances real estate properties. You invest in the company that owns multiple income-producing properties, and you are not the landlord getting 3 AM calls about broken heating or dripping faucets. Someone else handles that. You own, and you collect your dividends without bailing water out of a flooded basement or changing light bulbs on a 20-foot ceiling.
Reverse mortgages are a relatively new product to the financial industry. The concept of a reverse mortgage can be very beneficial especially for seniors who have run out of assets to draw from to maintain their standard of living. In simple terms, a reverse mortgage allows a borrower to cash out a certain amount of money from the equity in their home to use as they wish.
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 couples contemplating divorce, the largest financial transaction, without question, is their divorce.
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.