Blog

Updating Your Beneficiary Info—Why Is It Important?

Whether you decide to leave your estate to family, friends, a charitable organization, or even the beloved furry friend that greets you at the door every evening, updating your beneficiary information on a regular basis is a necessary—and often overlooked—detail.

You want the assets you have spent your entire life earning to go to the person, or the people, you choose. Although this may seem obvious, many circumstances could potentially prevent your designated beneficiary from actually receiving your estate.

Life Cycle Planning Keeps Up with Your Changing Financial Needs

The financial needs of a 70-year-old retiree are, not surprisingly, much different than the financial needs of a newly married couple.

Raising Financially Savvy Kids

Kids learn everything they know about money from their parents. So it's within your power to raise financially savvy kids if you follow your common sense and these tips:

Start early. Most financial experts agree that children have a sense of money as early as age 3. Parents who don't tackle the issue by preadolescence are probably putting their kids at a serious disadvantage. By junior high school, kids should not only have a sense of spending and saving, but also about budgeting and credit.

Do You Need a Financial Advisor?

We live in a do-it-yourself society. Many of us do our own home improvements, repair our cars, sew our clothes, and even sell our homes without professional help. But when you do it yourself, you do it at your own risk.

When it comes to planning your financial future, there’s plenty of risk. You don’t hear much about day traders anymore—those would-be millionaires who quit their jobs to trade stock online full time—because most of them have discovered the hard way that they lack the professional training and experience to trade stocks for a living.

Canby Financial Advisors Names Dan Flanagan as Partner

May 24, 2016 - Canby Financial Advisors, LLC Names Daniel J. Flanagan CPA/PFS, CFP®, AEP® as Partner Framingham, MA 

Canby Financial Advisors announces that Daniel Flanagan has been named Partner.

For more than 20 years, Dan has helped entrepreneurs and executives achieve their financial and life goals by helping prepare, implement and manage their financial plans and investment portfolios.

Should I pay off my student loans early or contribute to my workplace 401(k)?

For young adults with college debt, deciding whether to pay off student loans early or contribute to a 401(k) can be tough. It's a financial tug-of-war between digging out from debt today and saving for the future, both of which are very important goals. Unfortunately, this dilemma affects many people in the workplace today. According to a student debt report by The Institute for College Access and Success, nearly 70% of college grads in the class of 2014 had student debt, and their average debt was nearly $29,000.

Have you heard about the newest employee perk?

What's one of the most cutting-edge employee benefits right now?  Company-provided student loan assistance for employees who are paying back student loans.

Caring for Your Aging Parents

Presented by Christopher S. Borden, CRPS® 

With 10,000 baby boomers turning 65 every day in the United States, the need to plan for the long-term needs of the aging population has never been greater. Increasingly, middle-aged adults find themselves caring for elderly parents as well as children—and sometimes grandchildren—of their own. Without the proper strategy, this caretaking burden can lead to undue emotional and financial stress.

 

Canby Financial Advisors Welcomes Dan Flanagan to Leadership Team

Framingham, MA, June 22, 2015 – Canby Financial Advisors is pleased to announce that Daniel J. Flanagan, CPA/PFS, CFP®, AEP® has joined as a senior member of the firm.

Dan brings twenty years of experience as a financial advisor and a CPA, most recently at Lexington Wealth Management as a Senior Managing Director and Partner where he worked with clients and their other professional advisors to prepare, implement and manage their financial plans.