Cameron Feyrer of The Bulfinch Group

03/08/2023

Don't forget about that old 401(k)❗

If you need help tracking down an old account, or want to talk through rollover opportunities, my team and I can help make that happen.

What makes the most sense for you and your portfolio? 🤔

03/07/2023

Buckets of Money 🗑

There are 3️⃣ buckets. Taxable, tax-deferred, and tax-free.

Sometimes we overload our tax-deferred buckets, since we don't want to pay taxes now. These are our 401(k) and IRA's. What about when retirement comes? We're then forced to take money out of our accounts, paying a "Required Minimum Distribution" (RMD) and then pay taxes on that money.

What if we could put more dollars into that tax-free bucket? More importantly, which buckets are you currently holding your money in?

03/03/2023

Income 💵 in retirement is a big concern...

Common questions:

❓ Will I outlive my assets?

❓ Did I build enough wealth?

❓ What will my income look like in retirement?

❓ What should I be worried about as I approach retirement?

❓ Do I have to keep working?

What do you want your retirement to look like? Let's talk about solutions to make that happen.

03/02/2023

😮 I just saved a client $3,500/year💰in their auto/home insurance costs, and they have the same liability limits.

One of the first discussions I have with a client is around auto/home/umbrella insurance. It's something I don't sell or get compensated for, but is the first line of defense when talking about protection.

Shoutout to Hannah Botsford who has helped save my client money and has been a great resource for learning more about property and casualty insurance.

03/02/2023

Something to think about...

What if you could realize more income in retirement, AND pay less taxes, while still leaving a legacy for your family. Would you do it?

Have you heard of the 4% retirement rule? It's sometimes referred to as the "interest only" method.

The "interest only" approach is on the left. It has a constant net cash flow, and taxes are consistent through retirement.

The "principal and interest" on the right allows for increased cash flow, less taxes, and $1.3 million of more income in retirement.

Which would you choose? 🤔

Assumptions:

$2,000,000 account

$2,000,000 life insurance for principal and interest method

4% rate of return

30% tax rate

30 years of retirement

03/01/2023

"Where is my money going?" 💸

As we make more, we tend to spend more. We get on this treadmill 🏃‍♂️ and can't seem to get off. Our lifestyle increases 📈 but our saving habits don't improve.

What does your saving strategy look like? Let's talk about effective ways to save more, and still live a lifestyle that you WANT to live, not just one that you need to.

02/28/2023

Investing in the digital age 📱

With "no-fee trading," more people are gaining access to the stock market and taking part in strategies like day trading, options, etc. It's become a game, 🎮 quickly making decisions through the tap of a finger. ☝

There's a lot going on behind the scenes 🎬 of these investing platforms that people don't realize.

These "free to trade" platforms are almost too good to be true....

Last year, five US professors opened two brokerage accounts and placed identical orders to test an algorithm.

02/27/2023

"It will never happen to me."

We never expect to get into a car accident while on vacation. Our houses are never meant to disappear overnight in a fire.

But we still prepare for these events because we simply don't know what the future will look like. We purchase insurance, transferring the risk to companies willing to help for the "what if" moment.

If you're young, it may feel like you're invncible and ready to take on the world. Is your life any less valuable than your house or you car?

Let's talk about how to prepare for the possible risks the future holds, before it's too late.

02/24/2023

Real Estate Investors❗

I recently had a conversation with a friend interested in real estate investing. 🏘 The biggest question is always - "how will you fund your next deal"❓

It's important to have access to tax-efficient pools of money. 💰 As a young professional, how are you preparing for your next deal? Let's talk about strategies to achieve your goals in real estate long-term.

02/23/2023

🏫 College is expensive💲

Here are tips to prepare:

1️⃣ Apply for financial aid, look for scholarships and grants.
2️⃣ Consider community college or trade school.
3️⃣ Work part-time or during breaks.
4️⃣ Minimize student loan debt.
5️⃣ Explore work-study opportunities.
6️⃣ Plan ahead for expenses.

The cost of college has gone up 📈 in recent decades. How are you funding your family's 👨‍👩‍👦‍👦 future education? There may be better ways to prepare as a young family.

02/22/2023

Where do you see yourself in 5 years❓

It's important to have a clear picture 🖼 of where we are today, and what our destination looks like. If someone asks for directions, it's crucial to know where they want to go. 🎯

Here are some ideas to start thinking about...
✅ Getting married, starting a family
✅ Buying a first or second home
✅ Changing career paths to better suit your lifestyle
✅ Going on a family vacation
✅ "Financial Freedom"

Have you thought about what 2023 and beyond might look like? Set aside time to write your goals down and be specific about what you want your life to look like. Let's talk about how to achieve those goals with financial confidence.