When I ask someone, “What is the single largest asset you own?”, what do you think the most common response is? If you said, “My house,” you’d be correct even though that’s not the right answer for many families. Philip Wilson, in his excellent book, “Maximize Your Social Security,” states that your decision when to […]
It’s a new year and a new opportunity to hit the reset button on goals for the most important aspects of your life. Your first question might be, “Does setting goals really matter?” As a seasoned politician (Mayor of Mtn. Brook), my answer would be, “It depends…” Most people go through life, never set any […]
With interest rates trending lower in 2019, many companies are once again looking to offload pension liabilities by offering lump-sum pension payouts to employees and former employees. If you, or someone you know, are being given the option to take a lump-sum pension, it can be one of the most important financial decisions of your […]
There is something very comforting about receiving paychecks. What I’ve observed is that many workers are less concerned with the ups and downs of the stock and bond markets as long as they have the security of a steady paycheck. All of that changes once they retire. No more paycheck and the thought of a […]
My partner, Stewart Welch, wrote an article recently about how retirement can be hazardous to your health, and how people should develop what he calls a “4th Quarter Plan.” For most, developing this plan can be difficult as it is hard even to know where to begin. My team deals with hundreds of client families […]
I was with a retired physician friend not long ago and inquired, “How’s retirement life going?” His response was, “Stewart, never quit a high-paying job you love!” he was bored and having trouble filling the void left by a forty-plus year fulfilling career. For the past thirty-plus years, I’ve worked with hundreds of people helping […]