Managing your financial life is not just about money.

Archives for Planning

Investing 101 – Pt.14 Stuff You Need to Know

This is the 14th article in a series that will discuss and explain basic investment concepts in hopefully an 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. What kind of investments should I use in my investment strategy? Should I invest in individual stocks and bonds?  No.  Too much risk, and not enough diversification.  There is one exception to this, and that is if you work for a company that
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Volatility

I'm sure you've noticed, volatility has returned to the stock market.  As of 4 PM on Thursday
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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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Affordable Care Act Open Enrollment

Affordable Care Act Open Enrollment Began November 1st Know anyone that doesn’t have access to health insurance through their employer or the federal government via Medicare, Medicaid, etc.?  The open enrollment period for health insurance plans purchased on healthcare exchanges set up by the Affordable Care Act (commonly referred to as Obamacare) began on November 1, 2017.  The enrollment period will run through December 15, 2017 in all states, and longer in a small number of others. For our local clients, here is a list of the surrounding the states that are exceptions to the December 15th deadline: Massachusetts: January
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Sequence Risk & Emergency Reserves in Retirement

This is the eleventh article in a series.  In this piece I will answer questions 24 and 25 of 32 questions that you must answer before choosing to retire What do I do about “sequence risk”? There are some things you can’t control in retirement, and “sequence risk” is one of the biggies!  Say that you assumed a 4% per year return from your retirement nest egg to make retirement work.  If you earn 8% per year for the first five years of retirement, you are a happy person and probably contemplating spending more in retirement.  If you average a
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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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When do I want to retire?

  This is article number two in a series. In the previous article I listed 32 questions that everyone must answer before making a decision to retire (the biggest financial decision of your life).  In this article I will begin helping you answer these questions. This will take a few more articles. When do I want to retire? First of all, I hope that you are asking this question in your thirties and forties. If so, you have a lot more time to get it right than if you start asking this question in your fifties and sixties. When thinking
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Perspective

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
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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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