MoneyWisdom Blog

First Steps for Seniors in Debt

Posted by Hanscom Federal Credit Union on Dec 24, 2017 11:22:56 AM

Many seniors avoid seeking help for their money problems, citing reasons such as not wanting to bother people, not knowing who to trust, and feeling ashamed. Yet trying to deal with debt issues alone is often not the best approach. While money problems may be uncomfortable to talk about, there are resources where you can find valuable assistance.

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Topics: Retirement and Investing, Debt, Budgeting

Are Americans Prepared for Retirement?

Posted by Trish Reske on Nov 14, 2017 10:09:23 AM

The answer is scary. According to the recent studies, 1 in 3 American non-retirees have no retirement savings or pension at all. And, 38% of respondents say that they have no plans to retire, or will delay it as long as possible, as a means of coping without retirement savings. 

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Topics: Retirement and Investing

Get ready for changes to military retirement plans

Posted by Patti Conty on Mar 7, 2017 1:02:38 PM

The US Military retirement system is making big changes. Starting January 1, 2018, the Department of Defense will implement a new retirement system, affecting about 2.2 million people. If you are among that number, you have some decisions to make.

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Topics: Retirement and Investing, Military

Election Year Investment Jitters? Our #1 Piece of Advice

Posted by MoneyWisdom Newsletter on Oct 6, 2016 7:12:18 AM

If you’re feeling a little uneasy about what’s going to happen to your investment portfolio when a new president is elected, you’re not alone.

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Topics: Retirement and Investing, Election

Getting Divorced? Don’t Overlook Retirement Benefits

Posted by Hanscom Federal Credit Union on Jul 13, 2016 11:20:46 AM

The issues that couples deal with in a divorce are often emotionally charged. While couples argue about the immediate issues – the house, child support, debts, etc. – they may overlook or underestimate the importance of retirement benefits. It’s important to know your rights to retirement benefits because these benefits are not automatically split in a divorce.

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Topics: Retirement and Investing, Divorce

Budgeting for Retirement

Posted by Maria Porto on Feb 4, 2016 7:00:00 AM

Because no one truly knows how much money they will need for retirement, saving and planning for it can be daunting. Our Lunch and Learn program on Understanding Social Security Benefits is one of our most popular, and we get many questions about what retirement might look like financially.

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Topics: Retirement and Investing

College Done, Your Next Assignment Is Retirement Planning

Posted by Bill Burpeau on Nov 26, 2014 12:00:00 PM

During your 20s and 30s, with college in the rearview mirror, your focus often turns to preparing for milestones such as marriage, starting a family and advancing professionally. What many young adults may not realize is that this is also the best time to start planning financially for retirement. Here’s what you can do right now to make sure you’ll be set once you’re done with work.

Know your requirements

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Topics: Retirement and Investing

Estate Planning Webinar: Planning your estate in Massachusetts

Posted by Bill Burpeau on May 24, 2012 1:52:00 PM

Eric Prichard gave us a wonderful overview of estate planning concepts and the essential documents needed in a good estate plan.  The attendees left with a better understanding of:

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Topics: Retirement and Investing

Avoid These 7 Estate Planning Mistakes

Posted by Bill Burpeau on May 14, 2012 7:45:00 AM

In fiction, the reading-of-the-will scene typically sparks drama and intrigue. But in reality, most of us hope our estate plan will have the more humdrum effect of providing for our loved ones with a minimum of fees, fuss or furor. Unfortunately, common estate planning mistakes and misconceptions may undermine our good intentions.  Steer clear of the following blunders.

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Topics: Retirement and Investing

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