Managing your financial life is not just about money.

Archives for Planning For the Future


Dow Jones 20,000, It’s Just a Number Well, it’s a good number, but still just a number.  The press, and many people get a little too hung up when the stock market hits a big round number, and 20,000 is the biggest round number we have seen to date. There will be a number of articles and commentary that appear strongly suggesting that this historical bull market has a long way to go for any number of very plausible reasons.  There will be an equal number of articles and commentary predicting that this market is overpriced, will soon take a
Read More

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
Read More

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
Read More

Smart With Money Financial Fair – Winter Recap!

Imagine if you had a day to “try out” all the financial decisions a young adult would need to make…Would you make the right choices? Here's a quick recap of our 3rd Smart With Money Finance Fair put on for the Marshfield High School students December 17th.
Read More

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
Read More

Navigating the Maze of Social Security: There is Help!

  Sometimes understanding government benefits, such as social security benefits, can be overwhelming.There are many myths and misunderstandings about what Social Security is and how it works. Ever feel like you’re stuck in a maze of information and processes? Don’t hit roadblocks as you plan for retirement. Join McNamara Financial Services on May 14th as we host Social Security Expert Kurt Czarnowski, a 34-year veteran of the Social Security Administration, who will present on Social Security issues for those who are near or contemplating retirement. With better healthcare and longer life expectancy, we can anticipate spending more time in retirement than our parents and
Read More