Did you know only 52% of Americans invest in the stock market? The reasons for this are varied, from fear after the market crash of 2007-2008, the current market unpredictability, to a lack of understanding/fear. Since 1995 though, the S&P 500 has risen 7.8% a year on average. At that rate, someone starting with $1,000 and putting just $100 a month into a fund indexed to the S&P would after 35 years have $227,078 — enough to generate an added $17,000 a year of income in retirement.Read More
Many people plan their family vacations better than they plan their retirement. This week, retirement specialist Michael Andersen goes over how to make sure you have all of your bases covered when it comes to one of the most important planning opportunities of your life — your retirement.Read More
How much will be enough?
It’s a common enough question to ask when saving for retirement. How much will I need? Is, unfortunately, a complex question without an easy answer as each person asking it will have a totally different backstory and portfolios.Read More
Your most valuable asset when planning for your retirement isn’t having a plan or saving money (though they do come a close second) your most valuable asset when planning for your retirement and making the most of it once you get there is…Read More
Taking care of your personal health is important for a longer, happier life, so is taking care of the health of your retirement plan. On this episode of Wise Money, Michael Andersen will teach you how to build and maintain a healthy retirement plan to see you through the years ahead.Read More
We are thrilled to announce that Metropolitan Magazine has named Andersen Wealth Management the Best Investment Company and Best Financial Advisor in the Cambridge and Easton area for 2019!
This is the fourth year Andersen has received the best Best Investment Company and the second time we have gotten the coveted Best Financial Advisor Award!Read More
People are living longer than ever before and this increase in longevity means it is important to build the strongest retirement plan possible. This week on Wise Money, Michael Andersen goes over the building blocks of a rock-solid retirement strategy.Read More
You’ve probably been hearing a lot about Baby Boomers lately. Not surprising considering this huge generation is reaching retirement age in a very different economic climate than their parents. In fact, 10,000 Boomers are turning 65 every day. Boomers, as a group, will be retiring with more debt than their parents, be it credit card, education, or a mortgage. On top of that, the cost of living has jumped significantly in the last few decades, with housing up 21% in the last three years alone, food up 26% in the last ten years. Medical costs even for those over 65 who qualify for Medicare have increased as well. What that means for retiring Boomers, as this is a population who has the potential, through lifestyle and advances in medicine, to live well into their eighties, nineties, and hundreds, is that they should go over the following checklist of financial goals.Read More