Looking Beyond The Fiduciary Stamp Of Approval

The much-anticipated event has finally arrived: the Department of Labor’s Fiduciary Standard Rule hit the financial industry on June 9. Cutter Family Finance readers already know that this rule imposes the fiduciary standard across the entire financial services industry when dealing with any type of retirement account. All of those financial professionals who were not […]

Social Security, A Liability To Some?

Last Wednesday night, I taught a class at the Plymouth campus of Cape Cod Community College on how to create a retirement system for folks approaching retirement. Part of the class is geared toward income planning and how Social Security plays into that. This was a hot topic for that crowd. One-half of a nice […]

The Financial To-Do List For College Grads

Every year I am asked to teach to the graduating class of my alma mater, Massachusetts Maritime Academy, a class on how to create good financial habits. It is a very popular class. And one that I wish I had available to me when I was their age. This year, I was pleasantly surprised. You […]

Digging Deeper Into Your IRA

Many reading this article may think IRAs are relatively straightforward, the tax laws surrounding them are black and white, and the rules are clear. But sometimes things are not as straightforward as they seem at first glimpse.   Although the basic IRA guidelines appear to be simple, in order to take advantage of all that […]

Requiring Your Own Standard Is Just Common Sense

I know I’ve written articles in the past about the pending fiduciary rules floating over the financial industry but these discussions are not going away.   A recent proposal from the Department of Labor would require all financial industry professionals to put the best interests of their clients ahead of their own, even if it […]

The Little Guy Didn’t Have A Chance

Bart Chilton is the former commissioner of the US Commodity Futures Trading Commission. Last Friday on CNN, he said the market situation on Monday, August 24, 2015, brought to light a major issue that individual investors face but are often unaware of—liquidity. This is just one more unfair advantage that institutional investors have over individual […]

Should Retirees Buy Netflix Or Walmart?

I was at the softball field last Wednesday evening with Jill to watch Sophie and Phoebe play against Wareham. They got crushed. Sophie was pitching, so my anxiety level was a bit high. As I was giving her some fatherly advice from the sidelines (she loves that), a very nice older gentleman came up to […]

Marginal Tax Rates—Beware

Butch and Teresa, each age 58, recently stumbled into early retirement. Teresa never worked outside the home, and Butch was laid off from his position at a chemical company. They, like many boomers, found themselves at the doorstep of retirement, without a great deal of retirement planning and absolutely no thought whatsoever about tax planning […]

Active Versus Passive—What’s Your Strategy?

I often joke with folks about all of the abbreviations in the financial industry. IRA, RIA, FIA, VA, IUL, PFS, CFP, CPA; it’s crazy. Sometimes it sounds like a really disturbing spelling bee. I know it can be hard to keep track of them all, or even remember what they all stand for, but I’m […]

Paying Taxes For Safety

About a week-and-a-half ago I had an appointment with a very nice couple. They are married, in their middle to late 60s, are very successful, have brought up a very nice family and are recently retired. Let’s call them Dan and Ann. Dan and Ann have about $2 million or so in assets and are […]