Managing your financial life is not just about money.

Archives for Finance

Love, Marriage and Money

This piece is in honor of Valentine’s Day.  It is meant for people in love who are married or live together and who have a shared or partially shared financial situation.  Finances can be a strain on a relationship.  The goal of this article is to provide some suggestions that may help lessen or eliminate any financial friction points that may exist in a relationship. What follows is a brief, but hopefully comprehensive list of the areas of finance that exist for all of us.  These are the things you have to worry about.  I will attempt to describe “financial
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Investing 101 – Pt.03

This is the third article in a series that will discuss basic investment concepts in hopefully and understandable and meaningful way.  Whether you work with an investment advisor or choose to do your own investing, there are some things you need to know to be successful.  Here is my take on what those things are.
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FPA Annual Conference Recap

Last month Kirk and Justin attended the Financial Planning Association’s annual conference in Nashville.  The annual FPA conference is one of the country’s largest gatherings for financial professionals. It is a great opportunity to keep up with what is happening in our industry. Here are a few of our takeaways...
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Confused about your finances? No problem

Making sound decisions can mean the difference between a secure financial future and… not.  The world of finances and investing can make you want to tear your hair out (or throw your crumpled up statement on the floor).  At McNamara Financial, you will work one-on-one with a fiduciary advisor to make sure all of your financial decisions are sound ones. Come see what makes us different!
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Savings vs Paying Debt

By Alyssa McNamara Reed, CFP® I often get the question “what’s more important- paying down debt or saving?” The answer is, of course, different for everyone, but here is some generic advice. If you have high interest rate debt (by that I mostly mean credit card debt), absolutely pay that off before you start saving. Paying 20% interest on a debt (that is not tax-deductible to boot) is an enormous waste of money. I suppose it goes without saying, but once you’re past that debt, don’t rely on cards again unless you can pay them off immediately. The caveat to
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Annual Financial Checklist

Take some time every January to review your financial affairs.  And take some time every December to review your tax liability.  Looking back over the last calendar year, what went well?  What went poorly?  What needs some attention? What needs fixing, and how are you going to fix it?   Is your Comprehensive, Written Financial Plan on schedule? Are your Emergency Reserves adequate? Is the size of your Nest Egg on schedule for retirement? Are you working down your Debt on schedule? Is the date you have chosen to retire still good? Is your College Funding plan on track? How
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Radio Recap – Issues Facing Young Couples

We had a great show this past Saturday with couples counselor, David Wall of MassBay Counseling, and divorce attorney Carolyn “Cici” van Tine with Burns & Levinson. Money, unfortunately, is the root of many problems that married couples have. David says that simple communication is often the key to working out these issues and avoiding them in the future. I find that couples that live with a budget (notice I didn’t say “live ON a budget”) have a much easier time reaching their financial goals. Making a budget is hard, but a few nights on the couch with a bottle of
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An Unpredictable Market

According to Investopedia the definition of a bubble is “ a surge in equity (stock) prices, often more than warranted by fundamentals…”. investorwords.com defines a volatile market as “unpredictable and vigorous changes in price within the stock market”. For purposes of this essay, we will be discussing downward volatility, which is bad. For some reason, people generally don’t mind upward volatility
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