Ex-NBA star Antoine Walker learned the hard way when his lavish spending ended up with him in bankruptcy. Now he teaches rising young athletes about financial literacy so they don’t make the same mistakes he did. Looking back, the former player for the Miami Heat and Boston Celtics said during an interview with ThinkAdvisor magazine […]
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Married Women At Greatest Financial Risk In Retirement
Living in a two-salary household should provide stability and financial security, right? Not necessarily, says a new report from the Center for Retirement Research at Boston College, which draws some surprising conclusions about women, money and financial choices. Despite higher household income, married women in two-salary families are actually at the greatest financial risk in retirement. […]
#1 Best Way To Help The Kids or Grandkids? Get That Roth IRA Going
During a client meeting in our office last week, we talked about how they – parents of young adult kids (in their 20s and young 30s) – could help the kids get onto a sturdier financial footing without killing their own initiative or enabling them. We’ve written about this a lot, but it’s always worth repeating […]
Why Retirees Are Losing Trillions Of Dollars With Bad Social Security Advice … But Not Our Clients
We’re sorry to hear that American retirees are losing $3.4 trillion in potential retirement income by making bad decisions about when to start their Social Security benefits. Not our clients. As part of our retirement services, we help clients explore different options and optimize claiming strategies so they get the most bang for their buck. In […]
Changes To Your IRA On The Way? Not All Of Them Are Good
If it’s up to the Congress, there may be some major changes to your IRA before the end of the year. And not all the changes are good. The House has passed the SECURE (Setting Every Community Up for Retirement Enhancement) Act. It’s now up to the Senate to consider the bill, which has been […]
Top Retirement Hot Spots
More people are moving to New Mexico in retirement than anywhere else. In fact, 43% of all people relocating in retirement are headed toward the Land of Enchantment, found a recent survey. Florida comes in as the 2nd top destination, capturing 39% of all retirees looking to relocate. What are these retirees looking for? They’re […]
Florida Attracting Tax Refugees From Up North
More northerners in high-tax states are cashing in their real-estate chips to move to places like Florida, reports the South Florida SunSentinel. Real estate pros say “a steady flow of tax refugees” is heading to the Sunshine State from places like New York, New Jersey and Connecticut. Some real estate experts in the know claim that […]
Got A 401(k)? See If It Offers These Special Perks
Got a 401(k)? About one-third of all Americans do. But you may not be aware that not all 401(k)s are created equal. People are often surprised to learn that many plans do not offer all the perks and benefits permitted under IRS rules. That’s because employers are allowed to pick and choose the features they […]
Spotlight On HSA Accounts: Which Ones Are The Best?
You may have already heard that a Health Savings Account (HSA) is a great, tax-friendly way to cover those future medical bills. Think of it as something like an IRA for health care. But if you have a Health Savings Account (HSA), like I do, you’ve probably asked yourself more than once whether your account […]
Your Tax Picture Has Changed. How About Your Financial Strategy?
Last year, we had some major changes in the tax laws. As a result, many expenses that were deductible in prior years – like state taxes, mortgage interest, and professional expenses – are now totally eliminated or only partially deductible. So here’s an important question. Given those significant changes, have you given a once-over to […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
