News & Insights

What You Can Do with a Will

A will is often the cornerstone of an estate plan. Here are five things you can do with a will.

Should You Pay Off Your Mortgage?

After years of dutiful payments, you find yourself in the enviable position of having enough accumulated savings or discretionary income that you could aggressively pay down—or completely pay off—your mortgage. But should you? Are there better ways to ensure your financial security?

Five Myths About Group Disability Insurance

You may think that the chances of becoming disabled during your working years are slight, and even if you did get hurt or had to miss time at work, you could get by because you have group disability insurance. Unfortunately, you may be in for a big surprise. Here are some myths and misunderstandings about group disability insurance.

Preparing for your 8,000-Day Retirement

On Tuesday, October 17, Canby Financial Advisors hosted a client event at the deCordova Museum and Sculpture Park titled “Preparing for your 8,000-Day Retirement” based upon research from the MIT AgeLab and presented by Stephen Parnell of Hartford Funds.

The MIT AgeLab has identified that Americans can expect a 22-year, or 8,000-day, retirement.  The time will not pass homogeneously, but instead in four phases:  The Honeymoon Phase, The Big Decision Phase, The Navigating Longevity Phase, and The Solo Journey Phase.   

Read on for our advisors’ favorite lessons from the presentation.

Is the Cloud Secure Enough for Me?

Have you ever used Dropbox or Box.com? How about web-based mail, like Gmail, Yahoo! Mail, or Hotmail? If you consider that all of these are clouds—as are most Google apps—it’s hard to find an Internet user who doesn’t have some information in the cloud.

As cloud-based services become more prevalent, you might be wondering: Is the cloud secure enough for storing and sharing my own information?

Company Stock and Your Portfolio: Keep your Eye on Concentration Risk

The opportunity to acquire company stock — inside or outside a workplace retirement plan — can be a lucrative employee benefit. But having too much of your retirement plan assets or net worth concentrated in your employer's stock could become a problem if the company or sector hits hard times and the stock price plummets. 

Examining the Taxpaying Population: Where Do You Fit In?

Every quarter, the Statistics of Income Division of the Internal Revenue Service (IRS) publishes financial statistics obtained from tax and information returns that have been filed with the federal government. Recently published reports reflect data gleaned from 2014 individual federal income tax returns. These reports offer a snapshot of how the U.S. population breaks down as taxpayers.

Is the Social Security Administration Still Mailing Social Security Statements?

Your Social Security Statement provides important information about your Social Security record and future benefits. For several years, the Social Security Administration (SSA) mailed these statements every five years to people starting at age 25, but due to budgetary concerns, the SSA has stopped mailing Social Security Statements to individuals under age 60.

Alternative Options for Protecting Your Identity After the Equifax Breach

As part of our ongoing efforts to help keep your personal information as safe as possible, we want to remind you to stay on the lookout for the many security threats making the rounds in cyberspace today.

Medicare Basics You Need to Know

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.