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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How to Build a TIPS ladder
Buying individual Treasury Inflation Protected Securities (TIPS) can help you secure a stream of inflation-adjusted income in retirement. With real interest rates higher than they’ve been in years, now is a relatively good time to build your TIPS ladder.
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.
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 to Enhance Your Finances During a Pandemic
The impacts of COVID-19 extend well beyond your finances. That said, there are a variety of things you can do now to improve your current and future financial situation. Here is a list of ideas to consider, along with relevant resources.
What to Know about Risk and Stock Market Volatility
The recent drop in the stock market has been a sobering reminder that stock returns are inherently uncertain and volatility is always lurking. To best prepare for the future, educate yourself about the fundamentals of investing and revisit your tolerance and capacity for risk regularly.
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.