The Welch Group

7 Reasons to Downsize Your Home Before Retirement

Many parents have a lot of emotional attachment to the home where they raised their children.  There are so many memories associated with virtually every room in the home, the yard, the neighborhood.  But the home that was big enough for your family is likely much larger relative to your needs in retirement.  What has […]

Will Your Children Have Your Family Values?

In my latest book, “J.K. Lasser’s New Rules for Estate, Retirement & Tax Planning- 6th Edition” (published January 2019), I discuss a strategy for passing along your family values to your children. If you have young children, I know you feel your first responsibility is to provide for their basic support including food, shelter, clothing […]

Passing on Family Money Values

5 Stages of Wealth

Financial Planning for Millennials

How Would You Define Rich?

You know someone who has a very nice home and fancy cars and you think, “They must be rich”.  But are they really rich?  And how would you define rich?  Is rich and wealthy the same thing? Too many people confuse a high income with being rich or wealthy.  There are a lot of people […]

Financial Planning for Millennials

After 40+ years in the financial services industry, I’ve been able to work with many different individuals and families from all walks of life. Coming from the Baby Boomer generation, I’ve seen and dealt with most of the financial planning challenges of my generation. The Millennial generation has a different set of challenges and different […]

Roth vs Traditional IRA


Roth or Traditional IRA: Which is Best?

Last week our discussion centered on your Financial Checklist for the New Year and included making both your 2018 and 2019 contributions to either a Traditional IRA or Roth IRA as soon as you’re able…hopefully this month.  If you’re ready to make that investment or at least set up a monthly auto-investment plan for one […]

2019 Financial Checklist