Managing your financial life is not just about money.

Archives for Budgeting

Being a Smart Buyer

From what I understand, the real estate market in some areas is quite competitive these days. In competitive markets, when sellers receive multiple offers, it’s important for buyers to be “attractive.” The most attractive buyer isn’t necessarily the one with the highest offer; it could be the one that doesn’t need a mortgage to purchase. One strategy that buyers can utilize (and realtors may even recommend) to position themselves attractively for a home purchase is to borrow from a retirement plan, purchase the property with cash, then obtain a mortgage after the purchase and put the money back into the
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The One Big Step That Will Allow You to Live Comfortably in Retirement

We all need help being money-smart. Each of our Marshfield Mariner articles allow the team from McNamara Financial to tackle an issue that will build your financial planning skills. In this article, we’re discussing retirement. Living comfortably after we stop working is everyone’s goal. One way to help ensure that is to go into retirement mortgage-free. In “Money Talk: How to retire and live happily ever after,” Mike McNamara explains how retiring your mortgage at the same time you retire from work will eliminate your biggest expense at a time when income is also scaling back. Unfortunately, with the average homeowner
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Communication Keeps Marital Finances Running Smoothly

We all need help being money-smart. Each of our Marshfield Mariner articles allow the team from McNamara Financial to tackle an issue that will build your financial planning skills. Money is one of the top five stressors in a marriage. Whether accounts are held jointly or separately, deciding how money is spent or saved can wreak havoc on any couple. Alyssa McNamara Reed explains how communication is the key to preventing this discord in “Money Talk: Marrying Finances Requires Communication.” Both parties need to know what is coming in and where the money is being spent. Shared responsibilities with paying
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Talk to Your Kids … Please!

These comments are primarily for folks in or near retirement with adult children. Or they could be for those adult children who haven't yet heard from their parent(s) in or near retirement.
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