Managing your financial life is not just about money.

Archives for McNamara On Money

What you need to know about Estate Taxes

We had another great radio program this past weekend with Attorney Eric Oalican of Oalican Law Group. I wasn’t sure if it was possible to make Estate Tax Planning fun, but Eric did it.  I guess fun for me is different than fun for most people, but regardless it was an informative and entertaining show. As Eric and I discussed, if your net worth at death is over $1 million in Massachusetts, you will have an estate tax liability. If you want to avoid/minimize/deal with it, there are options. Eric explained (in simple, non-lawyer-y terms) gifting strategies, life insurance strategies, and
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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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