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AUTHORS: Jennifer Climo Jean Fullerton Jonathan Harrington Nick Prigitano Jenna-Rose Finnie Kyle Labelle

Honey, They Shrunk the Package Size – What Shrinkflation Is and How It’s Plaguing Grocery Store Shelves

Does it feel like what you are getting at the grocery store isn’t going as far as it used to? When you buy a bag of chips, do you have the sneaking suspicion that it’s filled more and more with air, and less and less with the crunchy goodness we desire? If you’ve had the hunch that your money isn’t going as far as it used to, you wouldn’t be wrong. If you’re someone with kids, you may wish that you could reduce the size of your children like they did in the ’80s cult classic Honey I Shrunk the Kids, if only to reduce the amount of your food bill.

Creating a Savings Habit for your Kids with a Roth IRA

August 17, 2021 Families Cash Management Kyle Labelle

Arguably, one of the greatest financial lessons a parent can teach their child is how to delay gratification today for a more important goal in the future. This may be something that goes against evolution itself. That is why it is even more critical to instill this habit as early as possible. One way of doing so is encouraging your child to save in a Roth IRA. By starting your child on the path to saving at an early age, it may be possible to create the foundation to a successful retirement and overall financial wellbeing. The key to doing so lies with three key concepts: the Roth IRA, compound interest, and consistent contributions over time.

The Inflation of Everything

June 25, 2021 Retirement Cash Management

If you need to buy a house or a car in this market of rapidly rising prices, what do you do? Interest rates are low, inflation is high, every month that goes by the cost of what you want to buy increases. The amount home prices, and car prices, have grown over the past year is not the point (it’s a lot), but understanding the reason behind it can help you decide what the best path is for you.

Lumber, Gasoline, Inflation? Oh My! - What's The Deal with Inflation and What to Do About It

June 4, 2021 Cash Management Investments

The silent killer of many financial plans is the gradual increase of the price of goods and services over time, otherwise known as inflation. This mysterious villain is often neglected because these price increases are so gradual, they are hardly noticed day by day, until you reflect on what things used to cost 10, 20, or 30+ years ago. This has been especially true over the past decade when inflation has been so much less than in the past.

More Stimulus for Christmas - What to Know About the Most Recent Coronavirus Support Bill

December 30, 2020 Taxes Working Professionals Families Cash Management

This year has felt so long you may have forgotten, but at the end of March the Federal government passed the CARES Act which provided a slew of various benefits to assist individuals and businesses during the pandemic. Since then, there has been continuous talk of additional support being administered with no meaningful progress . . . until now. In the final days of 2020, Congress passed the Consolidated Appropriates Act of 2021, which includes additional coronavirus support, and in the eleventh hour was signed by the President. As before, there are many questions swirling about what sort of benefits individuals and businesses may see. Here are some of the key highlights of the additional support, and changes, from the recently passed bill.

Christmas in October? - Why You Should Consider Starting Your Holiday Shopping Early This Year

October 9, 2020 Families Cash Management

Does it feel like the holiday season begins earlier and earlier every year? The shopping season deals, and advertisements will be bombarding us before we know it. This year will feel even more different as more people will shop from the comfort of their own home rather than be greeted by the sweet sounds of Mariah Carey in the aisles of Target. If you're not following the holiday deals this year you might miss out on some serious savings. Here's what you should know about the holiday shopping season this year, and why it's going to be different than what you're used to.

How to Check the Status of Your Stimulus Payment

April 17, 2020 Taxes Working Professionals Families Cash Management

Near the end of March, the federal government passed the CARES Act. The bill provided an array of various stimulus measures. One of the most talked about were the $1,200 per person stimulus payments. At the time, the bill requested these payments be sent out as soon as possible, but it was unclear when these payments could be expected. Now, a few weeks after the bill passed, some individuals have started to receive their payments. However, if you're one of the many who have yet to receive their payment, there is a new IRS tool to track your payment and potentially update your information if needed.

How to Apply for Unemployment in MA - What You Should Know About Massachusetts Benefits

April 10, 2020 Working Professionals Cash Management

We've seen from the unemployment numbers that more and more people are losing their jobs because the coronavirus. We hope that this will only be temporary, and in the next few months life and work will return to normal. In the meantime, if you're one of the many who have lost their job or have had hours reduced, there are likely unemployment benefits you can apply for through Massachusetts. While this won't replace all your previous income, having some money coming in is better than nothing. In addition to the normal benefits through MA, the federal government recently passed the CARES Act which expands unemployment benefits along with other assistance for individuals and businesses. Here's what you should know about filing for unemployment in Massachusetts and what your benefits might be.

How to Apply for Unemployment in NH - What You Should Know About New Hampshire Benefits

April 10, 2020 Working Professionals Cash Management

It's no secret that we are living in uncertain times. Many workers in New Hampshire have either lost their jobs, have their hours reduced, or taken pay cuts because of the business impact of COVID-19. Luckily, for many there is some support through unemployment benefits. While these benefits won't replace your entire income, having some money coming in can be essential to keep up with your bills. In addition to regular benefits, the federal government has recently passed the CARES Act which temporarily expands unemployment benefits, along with other helpful provisions to assist individuals and businesses during this difficult time. Here's what you should know about filing for unemployment in New Hampshire and what benefits you may be entitled to

Financial Planning Considerations During COVID-19

March 26, 2020 Taxes Social Security Retirement Working Professionals Families Estate Planning Cash Management Investments

Health and finances are likely the only two topics on most people's minds these days. How can you keep yourself and your loved ones safe and healthy through this pandemic? And what should you do with your investments during this recent market drop? Managing your investments prudently and resisting the urge to sell stocks while the market is down are certainly important financial planning considerations. However, as financial advisors, we wanted to highlight other crucial financial planning areas that often don't get as much attention in the news media.

What You Need to Know About Risk That You Aren't Hearing

March 12, 2020 Retirement Working Professionals Cash Management Investments

If you've been watching the news recently most of the information about the stock market has been dismal. You've probably read headlines that scream intense verbiage like "Stocks Collapse!", "Stocks Get Punished!", "Stocks in Free-Fall!" or something of the like. You've probably heard financial jargon thrown around such as "bear market", "volatility" or "recession" as well. Your retirement account has almost certainly lost value and with all this negative news and you may be worried and considering selling your investments too. Before you pull the trigger. . .STOP.

Think You Lost An Old Financial Account? Where You Might Be Able To Find It

June 7, 2019 Social Security Retirement Working Professionals Families Cash Management Investments

In today's world, an individual's personal finances are ever changing and throughout each of our lifetimes we will have dozens of financial accounts. Think about how many times you may have changed banks, insurance companies, retirement plans, etc. Sometimes we create new accounts and forget about the old ones. Trying to track down old accounts doesn't have to be a nightmare because the internet makes it easier than ever to try and track down old accounts.