The Quincy Group Blog2021-06-03T20:56:38+00:00

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Remember the Financial Fundamentals for a Sturdy Retirement

Having a strategy for how to invest your money is crucial to achieving the retirement you hope for. With no external income coming in, you'll need to follow a new set of rules for managing your retirement income, expenses, and investments—not just to keep your portfolio growing—but to ensure you can live comfortably. To live the retirement you want, you must first understand the basics of financial literacy. Where Will Your Income Come From? [...]

November 28th, 2022|Financial Planning, Retirement Income, Retirement Planning|

These 3 Retirement Birthdays Are Cause to Celebrate

Did you know that there are rules and regulations that can help you avoid higher taxes and penalty fees as well as help you structure your income to minimize taxes? Getting the most out of your retirement savings takes more than adjusting your portfolios. Be mindful of these 3 ages that can help you get the most out of your retirement accounts. Celebrate Catch-Up Contributions at Age 50! Individuals with certain qualified retirement plans [...]

November 28th, 2022|Financial Planning, Retirement Planning|

These 5 Risks Affect the Wealthy Retiree More Than You Thought

Having a great deal of wealth to preserve might seem straightforward. However, the number of assets and their value create unique circumstances for each investor. There are numerous wealth-preservation and investment principles applicable to everybody—for instance, establishing a tax policy, assessing a portfolio's risk exposure, and more. However, there are critical and specific concerns that arise when you have more money and more valuable assets to preserve. Being too Risk-Averse When it comes to [...]

November 16th, 2022|Financial Planning, Investments|

Are You Asking the Right Questions About Medicare?

Retirement planning conversations are dominated by talk of investment strategies and portfolio longevity, but one of the most crucial elements is often forgotten: healthcare expenses. Having a cohesive plan to cover healthcare needs can go a long way in helping to cover your necessary costs, especially because healthcare is one of the highest spending categories for retirees. What Does Medicare Do for You? You may be spending too much on basic healthcare needs if [...]

November 7th, 2022|Health & Medicare|

A Financial Advisor Can Be Your Knight in Shining Armor During a Recession

In Medieval times, knights were the protectors of villages, castles, and kings. They were trained for combat and developed unique fighting skills to thwart enemies. A financial advisor can do the same against risk factors that threaten your portfolio, especially in a downturn. In the same way that a trained knight defends his kingdom from threats, a financial advisor can use their expertise to defend your portfolio from adverse market factors and the effects [...]

October 31st, 2022|Financial Planning|

The Real Impact of Volatility

The word “volatility” is being used excessively nowadays in discussions about financial markets and the economy. “Volatility” is commonly used to describe downward trends in a market. However, that is not what volatility means! “Volatility” describes erratic price changes in stock markets or other markets over short periods of time. Differentiating Down Trends and Volatility Your financial strategy should be safeguarded against downward trends. It may seem as if there is little danger involved [...]

October 24th, 2022|Investments, Stock Market|

Know The Two Staples of Estate Planning – Trusts and Wills

Planning for after your death can be difficult. However, deciding how to distribute your assets is critical for your family and your legacy. If you neglect to plan for your succession, your assets may end up in legal battles with your loved ones, and you don’t want that. Therefore, it is critical to get started with the foundation of inheritance planning. So, let’s discuss wills and trusts. What Are Trusts and How Can They [...]

October 17th, 2022|Estate Planning|

Studying Up on Your Retirement Plan

Do you reminisce about the great times you had during your academic years when you think back on them?  Whether it's college, high school, or postgraduate study, schooling prepares students for their future by giving them the tools they need. When it comes to retirement planning, the same principle applies! You still have your entire future ahead of you, so make sure you're prepared for it. Get to Class on Your Risk Tolerance Ask [...]

October 10th, 2022|Retirement Planning|

Know These 3 Mistakes or Else You’ll Strike Out on Your Taxes

You may be wondering where to begin thinking about your tax strategy so you are not excessively taxed in retirement. Avoiding these three common mistakes can help you begin thinking about what a comprehensive tax strategy might look like for you. Having Too Much Taxable Income When you approach retirement, you'll have to start thinking about transitioning from the wealth accumulation phase to the income phase of your life. You save for retirement so [...]

October 3rd, 2022|Financial Planning, Taxes & Tax Planning|

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