Managing your financial life is not just about money.

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Smart with Money Fair – Volunteers Needed!

  The 4th annual Marshfield High School Smart with Money Fair will be held March 7th and 8th, and for the first time, will be open to the entire senior class at Marshfield High (350 students) ! This is an incredibly educational event that teaches students lessons in personal finance such as: budgeting saving not relying on credit investing and plain old “figure out how much life really costs”! Because of the two day commitment this year, we are having more trouble than usual recruiting local businesses and volunteers to help out. If you have some free time, please consider
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An Unusual Holiday Gift for You

The first part of this article will be little scary (and not filled with holiday cheer). Your special gift comes at the end. According to the website StudentLoanHero there are 44.2 million Americans that carry college debt (it must be true if it’s on the internet). Some 11.1% of these loans (well over four million people) are in default. In its 2015 study on Investor Education, Financial Regulatory Authority interviewed 27,000 people on various investment issues.  This study is conducted every three years, but 2015 was the first year there were questions about college and graduate school student debt.  Some
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It Is What It Is!

I just passed 35 years in the financial business.  There are times when it is fun, or at the very least peaceful.  There are times when it is scary and unsettling.  It’s never been boring.  During the good times, I spend a lot of my time telling folks to enjoy those great investment returns, and to be ready for some unpleasant times in the future.  The phrase “lowering expectations” comes to mind.  During the bad times, I spend a lot of my time telling folks that the world is not likely coming to an end, and that these bad times
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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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Investment Process Refresher

I’m not quite sure how to describe the collective mood of the country surrounding the upcoming election.  It probably defies description this year especially.  What I do know is that elections do tend to make people worry about their investments.  With that in mind I thought now might be a good time to do a refresher on how we manage investment portfolios.   If Mike’s article didn’t make you feel better, maybe mine will! The first and most important point, as Mike mentioned, is that all of our portfolios are diversified.  As U.S. citizens our portfolios have a domestic bias, but
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Politics and Your Portfolio – You need a Divorce

It is certainly safe to say that money is an emotional subject.  When markets are good, we spend a lot of time telling people not to get too excited. When markets are bad we spend our time telling people not to be too concerned.  Emotions and successful investing do not go together. If you let greed or fear get the best of you, it is very likely that will cost you dearly in the long run. Politics is also an emotional subject. Probably more emotional than money. Emotions seem to be running at a fever pitch with regard to 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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