Why your Berkshire Medical Center 403(b) is different | Retirement for healthcare professionals
Retirement planning for nurses and other healthcare professionals Nurses and other healthcare professionals in the Berkshires and across the United States find themselves in a unique retirement situation: the 403(b) offered by their employer can be stewarded by the financial management firm of their choosing while they are still working and paying into it. We…
By Lauren Russo
January 23, 2023
6 Benefits of Having an Estate Plan | Protect Your Family and Legacy
An estate plan is essential for protecting the people and things you care about when you pass away, regardless of your age or wealth. However, only 1 in 3 American adults have one. I recommend that everybody create an estate plan and make adjustments anytime their family circumstances change. Your family will be glad you…
By Peter Coughlin
July 13, 2022
Reduce taxes by giving smartly
“Should five percent appear too small, be thankful I don’t take it all, because I’m the taxman … Don’t ask me what I want it for if you don’t want to pay some more, because I’m the taxman.” —The Beatles I’m not a big fan of paying taxes. I mean, I guess I like it when…
By Allen Harris
December 6, 2021
Here’s what retirement looks like
I went Halloween shopping last week, but I didn’t see anything scarier than the chart below (and I bought zombie babies, people). The horizontal numbers on the right measure the drawdown of the S&P 500 year-to-date 2021, as graphically depicted by the yellow line. The horizontal numbers on the left show that nearly 90% of…
By Allen Harris
October 4, 2021
How much does health care cost in retirement?!
Let’s not bury the lead. According to the Fidelity Retiree Health Care Cost Estimate, an average retired couple aged 65 in 2021 may need approximately $300,000 saved (after tax) to cover healthcare expenses in their retirement. Fidelity has been tracking this data for years. I cover how retirees can prepare for this in my still-untitled…
By Allen Harris
July 6, 2021
Women and Wealth: Taking Charge of Your Finances
When it comes to financial planning, women are likely to face different challenges than men. For one, they earn less than men on average, and they’re more likely to work part-time jobs or take time away from their careers to raise children and care for family. Less income means less money to devote to savings…
By Kimberly Campagna
March 8, 2021
