Blog

Information provided on this page is informational only. Nothing posted here should be considered investment advice. Please review your financial situation with a qualified financial professional before taking action. For more information please see our disclosure.

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

Financial Planning for your 50s - What to Consider

The financial planning considerations when entering your 50s can be quite extensive. Between retirement rapidly approaching, life changes, and estate planning issues, there's a lot on the to-do list! For many, this is their last full decade before retirement. It is one of the last chances to save, plan, and make sure you are on track to meeting your long-term financial planning goals. While there are many topics to review, some of the big ones are: - Overall retirement planning considerations - Big life changes - Reviewing your insurance - Updating and reviewing your estate plan

Financial Planning for your 60s - What to Consider

January 20, 2021 Fiduciary Taxes Social Security Retirement

Financial planning, and the considerations involved, vary greatly depending on where you are in life. A typical benchmark for what life events you may be experiencing is your age. While there will clearly be overlaps from decade to decade, there are some unique circumstances that certain age groups will experience. In this series, we will review some of the common financial planning topics during many decades of life. We thought a good place to start would be financial planning considerations for someone in their 60s. Some common questions for those in this age group include: -When to go on Medicare, and what plan to choose? -When to take Social Security? -What will your taxes look like in retirement? -What will you do with your time?

Should You Buy an Annuity? - When an Annuity is (and is not) the Answer

October 30, 2020 Fiduciary Retirement Investments

Annuities. Often considered a dirty word to both financial planners and consumers alike. As financial planners, we have seen many annuities sold to people who later regret the purchase. Whether they are high in fees, inflexible, or just not quite what they thought it was, many times these purchases come with buyers' remorse. Like any tool in a toolbox, an annuity is just another weapon in a financial planner's arsenal when it comes to crafting a complete financial plan. However, you have to understand what the annuity will and will not do. Annuities certainly have their uses, but we find they are often too broadly recommended, or incorrectly avoided, based on preconceived notions about the product. Here's what to consider when deciding whether to buy an annuity or not.

Milestone Financial Planning is Officially a B-Corp!

November 29, 2019 Fiduciary

Milestone Financial Planning is excited to announce that after months of hard work, we can finally call ourselves a B-Corp. For those who aren't familiar of B-Corporations, they are for-profit companies that seek to be a force for good by helping to build a more inclusive and sustainable economy. Milestone is the first B-Corporation investment advisor in New Hampshire and joins the ranks of other well-known B-Corporations

In Your Best Interest – Some of the Time, Most of the Time, or All of the Time?

June 28, 2019 Fiduciary Retirement Working Professionals Families

Who does your advisor work for - you or their company? This question used to be muddled by brokers offering to be your ‘trusted advisor’, when in fact they were paid on commission by their company for selling you financial products (insurance, annuities, mutual funds). Well, the landscape just got even more muddled with new rulings by the Securities and Exchange Commission (SEC) and the Certified Financial Planner Board of Standards, Inc.

What's The Value of a Financial Advisor Anyway?

January 18, 2019 Fiduciary College Taxes Retirement Working Professionals Families Insurance Estate Planning Cash Management Investments

In today's digital age, almost anything you could ever want to know can be found online. Have a leaky faucet? Watch a YouTube video on how to fix it. Want to find high-interest fee-free savings accounts? Just Google it. Have the urge to learn how to code? Enroll in a free course online. With the wealth of information found on the internet this begs the question, do I really need a financial advisor?

Top 5 Reasons You Should Work With A Certified Financial Planner Practitioner™(CFP)®

November 30, 2018 Fiduciary Working Professionals Families

Considering who to work with as a financial advisor is an incredibly important decision. Figuring out who is qualified and appropriate for your situation provides its own unique hurdle. Where do you begin? A good place to start is to look for an individual who is a Certified Financial Planner™ practitioner.

What is a 401(k)?

September 7, 2018 Fiduciary Retirement Working Professionals Investments

Many people when starting a new job are asked by their employer if they would like to participate in the 401(k). But what exactly is a 401(k)? Should you use it? How does it work? Those are common questions many people have and we'll explore some of the answers.

What Does it Mean to be Fee-Only?

May 10, 2018 Fiduciary

The term “fee-only” means that we are paid directly by our clients on a transparent and pre-defined payment arrangement. This type of arrangement reduces conflicts of interest because advice is not driven by commission potential.