Services
Property Casualty Insurance
As a licensed insurance broker since 1982, I have placed my business with HUB International since 1997. HUB is not only the largest broker in MA but also the eighth largest worldwide, so my clients enjoy access to every insurer in the marketplace. In addition, HUB specialists make it easy to solve even the most complex insurance issues.
Financial Planning Basics
Do you have:
A Will?
A Trust?
A Durable Power of Attorney?
A Health Care Proxy?
A Living Will?
A $500,000 MA Homestead Exemption?
Since estate plans are not one size fits all, please meet with your estate planning attorney to discuss what documents are necessary for your personal situation. It is important to plan follow up meetings every few years since situations and tax laws frequently change.
What are your financial goals? Have you prioritized them? Are you on course to meeting them? Do you prefer impartial advice on answers to financial questions?
Are you confident in your CPA's tax budget, cash management, debt and tax strategy for you? If the advice you're receiving isn't adequately measuring progress toward your financial goals, I can refer you to estate planning attorneys and/or a CPA who will listen and be responsive to your needs.
A Comprehensive Financial Plan includes
Investments - identifying your risk tolerance; diversification; portfolio rebalancing; risk management; and asking, based on your family history and lifestyle, your own best guess - what age do you expect to live to?
What role might modern medicine play in causing you to outlive your retirement income?
Retirement - calculating both your short-term and long-term income needs.
Estate Planning - including a new gifting strategy for your children that replaces the Stretch IRA.
Wealth Management Fees / Investment Fund Expenses / Long-Term Care Costs
Paying an annual wealth management fee and high investment fund expenses will often deplete a surprisingly large portion of the assets that has taken a career of hard work and thrift to build. Instead, pay an hourly rate to tailor the level of service that reflects your needs, whether as an occasional hourly meeting to take the pulse fo your financial health, or more often in order to monitor complex financial situations.
Wealth Preservation Strategy
I'd like to share a specific wealth preservation strategy with you based on two stubborn facts that ought to gain traction in the not-too-distant future.
As Vanguard's late founder and CEO, John Bogle, had argued for decades (and the editors and journalists with Morningstar, as well as academic research, concur): Active wealth managers are no longer able to beat the market indexes over time. Hundreds of thousands of dollars can be saved by switching to Vanguard's lowest-cost index-based ETFs and employ a passive long-term buy-and-hold strategy. I'll build a diversified portfolio for you at no cost.
Also, Guardian Life Insurance has a terrific hybrid long-term care policy. Ongoing problems associated with long-term care insurance persist, but this second-generation product has solved them.