Medicare Basics You Need to Know
Posted by Daniel J. Flanagan, CPA/PFS, CFP®, AEP® on Mon, 09/11/2017 - 12:28
The concept of Medicare can be murky for soon-to-be retirees. If you learn basic enrollment guidelines and some of the nuances of various Medicare plans, you’ll be empowered with the knowledge you need to make better decisions—and avoid costly penalties. Here, we explore key points and address common questions about this federal health insurance program.
How do TIPS Help Fight Inflation?
Posted by Canby Financial Advisors on Mon, 09/11/2017 - 12:26
One way to help protect your portfolio against a sudden spike in inflation is by investing in Treasury Inflation-Protected Securities (TIPS).
TIPS are guaranteed by the federal government as to the timely payment of principal and interest. They are sold in $100 increments and available in maturities of 5, 10, and 30 years. The principal is automatically adjusted twice a year to match any increases or decreases in the Consumer Price Index (CPI). If the CPI moves up or down, the Treasury recalculates your principal.
Does your Business Need a Buy-Sell Agreement?
Posted by Canby Financial Advisors on Mon, 09/11/2017 - 12:25
When you're mired deep in the day-to-day challenges of the management of your business, it's often hard to step out of the trees and take a good hard look at the forest. But at various points in the business cycle, it's important to do just that. For example, one of the key decisions you'll need to consider is what would happen to your business if you decide to step away, or you die or become permanently disabled. A buy-sell agreement can be a useful tool in helping you plan for these circumstances.
How do Economists Measure Inflation, and Why Does it Matter to Investors?
Posted by Canby Financial Advisors on Mon, 09/11/2017 - 12:24
The Federal Open Market Committee (FOMC) adjusts interest rates to help keep inflation near a 2% target. The FOMC's preferred measure of inflation is the Price Index for Personal Consumption Expenditures (PCE), primarily because it covers a broad range of prices and picks up shifts in consumer behavior. The Fed also focuses on core inflation measures, which strip out volatile food and energy categories that are less likely to respond to monetary policy.
Article by Dan Flanagan featured in MSCPA SumNews magazine
Posted by Canby Financial Advisors on Fri, 09/08/2017 - 11:21
Dan Flanagan's article titled “How You Know When Your Client Needs a Referral to a CFP" was published in the Massachusetts Society of CPA's publication, SumNews. You can see the original magazine version or read the full text below.
The Family Conversation: Addressing Your Health Care Needs in Retirement
Posted by Christopher P. Gullotti, MSFP, CFP® on Tue, 08/08/2017 - 21:08
Maybe you and your family have already attempted to have “the conversation.” You know the one: the discussion about your and your spouse’s assets and what will be done with those assets during the rest of your lives and after you pass away. Perhaps, because of your children’s sibling rivalries, the family conversation turned to one about gifts and inheritances and about who deserves more or less of the assets based on “good” or “bad” behavior.
Working in Retirement: What you Need to Know
Posted by Canby Financial Advisors on Tue, 08/08/2017 - 21:02
Planning on working during retirement? If so, you're not alone. Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years. Here are some points to consider.
Why work during retirement?
Kickstart Your College Fund with a 529 Plan
Posted by Canby Financial Advisors on Tue, 08/08/2017 - 21:01
If you're looking to save money for college, one option to consider is a 529 college savings plan. Created over 20 years ago and named after the section of the tax code that governs them, 529 plans offer a unique combination of features that have made them the 401(k)s of the college savings world.
How do 529 plans work?
How do the Economic Milestones of Young Adults Today Compare with Prior Generations?
Posted by Canby Financial Advisors on Tue, 08/08/2017 - 20:59
If you're the parent of a young adult who is still living at home, you might be wondering whether this situation is commonplace. According to a recent U.S. Census Bureau study, it is: One in three young people (ages 18 to 34) lived in their parents' home in 2015.
Market Commentary: “And the beat goes on…”
Posted by Christopher Borden, MBA, CRPS® on Tue, 08/01/2017 - 14:37
“And the beat goes on…” US Stock Market indexes continued to march to record highs in the 2nd quarter of 2017. Bond values held steady or showed small gains as long-term interest rates for mortgages, Treasuries and corporate bonds remained near historically low levels. And over the past 12 months, Foreign Stock have joined the party, with broad averages for Developed and Emerging Market countries outperforming the S&P 500 index.