CFG Planner Blog

Posted by Nancy Hecht , CFP®, AIF® This year has gone by fast, take advantage of these three moves before the year is over. Bunch your deductions. Many of us are receiving our property tax bills now. Look at your projected income for next year, if you are expecting a raise or bonus, you may […]

Posted  by Nancy Hecht, CFP®, AIF®  Do you remember the 1993 movie “Grumpy old men?” It was about a couple of retired guys that spent most of their retirement bickering with each other and fishing. You would think that a story about lifelong friends spending their retirement years on the water would be nice, but they

Posted by , Denise Kovach, CFP®, AIF® Inherited IRA’s, also known as stretch IRAs, are specifically designed for retirement plan non-spouse beneficiaries – those who have inherited an IRA or workplace retirement plan such as a 401k (although one would be appropriate for a spouse who is under the age of 59-1/2 and needs access

Posted by Denise Kovach, CFP®, AIF® We are living longer due to healthcare innovations, which is the good news. However, the bad news is that at least 70% of people over the age of 65 will require long-term care services at some point. People are often confused that Medicare and private health insurance programs pay

Posted by Nancy Hecht, CFP®, AIF® I get more calls from my female clients vs. their male counterparts telling me that there is a family emergency and they need to pull funds from their retirement account to help. It pains me to liquidate the funds but I know they have no place else to turn.

Posted by Nancy Hecht, CFP®, AIF®  I recently recalled a conversation I had with a young client about 20 years ago.  The client said to me, “If I only had XX $$’s in income, everything would be perfect.”  My client felt that if they made “a lot” of income, and then could have a pile

Posted by  Denise Kovach, CFP®, AIF®, NSSA® First, don’t treat retirement as the destination! It’s actually the beginning of the next part of life. It’s easy for people who are still working to think of retirement as an end goal, but it is a mistake if you only concentrate on reaching the finish line with no

Posted by Denise Kovach, CFP®, AIF®  One common mistake occurs when an IRA owner fails to name a beneficiary. Unlike other property, IRA’s do not pass by will. They pass according to the IRA’s beneficiary designation form. If there is no named beneficiary, the default beneficiary will generally be the owner’s estate and subject to

Posted by Gary Abely , CFP®, AIF® Let me first admit I have been guilty in the past of providing clients with 5 plus page reports purporting to solve one of the “biggest retirement dilemmas”, when to start claiming Social Security (SS) benefits.  I found the report confusing myself so I sought to make this

Posted by Nancy Hecht , CFP®, AIF® Last week I received a call from a client asking that I flag his accounts. He thinks someone is trying to scam him and get his funds. He received a phone call from someone with a foreign accent stating that his grandson was in an accident while on