Retirement Income Planning
Retirement income strategies: Income replacement for retirement

One of the biggest questions I hear from people approaching retirement is, “How will I pay my bills?” In this article, I’ll share how you can use Social Security, savings, and other sources to provide the retirement income you need to maintain your lifestyle, plus some strategies I use to create personalized Paycheck Replacement Plans…

Zack Marcotte, Director of Financial Planning, Berkshire Money Management

By Zack Marcotte
May 15, 2024

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Massachusetts Estate Tax
Massachusetts Estate Tax Exemption 2024: What you need to know if your home and assets top $2 million

Benjamin Franklin once said, “Nothing is certain except death and taxes.” Truer words have never been spoken, especially when it comes to your financial legacy. If your total assets including your properties, business, investments, and savings have crossed that $2 million mark, you’ll find that death and taxes are inextricably linked in the form of…

By Holly Simeone
April 29, 2024

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Managing Risk in Retirement
Managing Risks in Retirement: Recession Edition

One of the biggest worries people have about retirement is, “do I have enough money?” That answer is going to be different for each individual depending on their lifestyle and needs during their golden years, but in general, managing risk in retirement involves three key elements: How do you prepare for changes in the stock…

Portrait of Lauren Russo

By Lauren Beckett
April 22, 2024

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Are The Berkshires a good place to retire? Image of boats on a lake in The Berkshires
Exploring The Berkshires as an Ideal Retirement Destination

When considering where to retire, it is important to consider various factors that can impact your quality of life. Factors to consider include the overall cost of living, available amenities and activities, climate, access to healthcare, and the general atmosphere of the location. The Berkshires, located in Massachusetts, is gaining popularity as a retirement destination,…

By Peter Coughlin
March 28, 2024

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5 Factors to Consider 5 Years Before Retirement

The final five years before retirement are a time for strategic planning and calculated moves. As always, retirement planning is a balance of two things: not running out of money and having the freedom to enjoy your life. Use these last five working years to make sure you’re on the path to a happy retirement….

By Nate Tomkiewicz
March 13, 2024

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Moving to The Berkshires represented by picture of Great Barrington road sign
How will moving to the Berkshires, MA, impact your financial plan?

The Berkshires are home to unparalleled natural beauty. This area offers a playground for outdoor enthusiasts of all stripes. Whether you’re an avid hiker, a passionate skier, or simply someone who revels in the simplicity of nature–this region has something to delight every adventurer’s soul. If you’ve been mulling over the idea of trading the…

By Peter Coughlin
February 21, 2024

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