Making Money . . . On Money

Compound interest is a basic financial concept with very long-reaching consequences for investors early in their accumulation phase. Find out how this important principle can affect your retirement goals, especially if you’re just starting out.

Is Your College Planning Strategy Appropriate?

As a seasoned financial advisor, I will be the first to admit that the general public has a significant amount of mistrust with the financial services industry. I attribute it to the lack of transparency by the bigwigs in the industry and the fact that certain advisors are only held to a suitability standard of […]

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 […]

Debt Is a Growing Retirement Problem; Don’t Make It Yours

Remember those retirement commercials a few years back, I think from ING? They had pre-retirees carrying around giant numbers that represent how much money they need to save in order to have the retirement lifestyle they want. In our working years, we are in the accumulation phase of our financial lifecycle. And in that accumulation […]

‘Free’ College Loans? Nope . . . You Pay!

Decisions have consequences. Some things just don’t work out the way we plan.   Who has heard of the Income-Based Repayment (IBR) plan the US government has implemented for federal student loans? The truth is: not many. More than 12 percent of student loan borrowers are defaulting, even while there are other options—such as Income-Based […]