Jay Abolofia, PhD, CFP® is a fee-only, fiduciary & independent financial planner in Waltham, MA serving clients in Greater Boston, New England & throughout the country. Lyon Financial Planning provides advice-only comprehensive financial planning for a flat fee to help clients in all financial situations.
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What is a Safe Withdrawal Rate for Retirement?
Although fixed withdrawal strategies like the 4 percent rule are attractive in their simplicity, they fail nearly every financial criterion imaginable. A more practical approach is to adopt a straightforward dynamic withdrawal strategy that depends on your current age, health and level of savings.
How Social Security Works and What to Know About Its Future
Without reform, Social Security will soon be unable to fully meet its obligations to beneficiaries. Given the financial standing of the program, here is what you can expect in the future.
How to Protect Your Plan From Inflation
Rising prices can rapidly erode the purchasing power of your money. Consider these strategies to protect your plan from the risks of high sustained inflation.
Is Real Estate a Good Investment?
Investing in real estate may seem like an attractive option. Reviewing the historical data can help you evaluate whether it’s the right decision for your financial situation.
The Cost of Children
Having a better understanding of how dependents impact your financial plan, including how much you can afford to spend and need to save, can give you a leg up when it comes to managing your finances.
How Much House Can You Afford?
Mapping out your financial future, by looking beyond the monthly payment and dubious advice from mortgage lenders, is key to understanding your budget and making the right decision when it comes to buying a home.
Can You Afford to Maintain Your Living Standard?
Economics-based planning relies on facts and common sense to solve for how much spending is affordable. This approach allows you to answer what may be the most important question in your financial life - can you afford to maintain your living standard throughout retirement?
How Conventional Planning Fails to Provide Sound Financial Advice
In financial planning, sometimes getting it right is more about not getting it wrong. This makes rules of thumb dangerous to your financial well-being. Nonetheless, that is exactly what conventional planning uses to generate its recommendations. Fortunately, economics-based planning offers a sound alternative.