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Rockwood Financial GroupThom ShumosicBill McKinnonBob StoutKelly Kramarck
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IN THE NEWS

ADD PRENUPTIAL AGREEMENTS TO YOUR WEDDING PLANS

True, it may seem unromantic. But couples who plan to exchange marriage vows ought to consider a prenuptial agreement long before saying “I do.”

 

Yes, there was a time when only the wealthy executed such agreements. But now more and more couples, especially those who have been married before or who have a blended family structure, need to evaluate the pros and cons of a prenuptial agreement as part of their wedding plans.

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TIME FOR A MIDYEAR FINANCIAL CHECKUP

You did what you were supposed to do financially at the start of the year. You established or reviewed your financial plan to be sure its goals and strategies were still appropriate, rebalanced your investment portfolio, made sure your estate plan was in place, checked your insurance coverage, and so on. Give yourself a round of applause.

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LARGE IRAS NOT FULLY PROTECTED

A recent U.S. Supreme Court ruling and new federal law have extended bankruptcy and lawsuit protection over most assets in individual retirement accounts. But the protection may not be complete for owners of large IRAs, caution financial planners.

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FINANCIAL MISTAKES TO AVOID IN A DIVORCE SETTLEMENT

In a divorce settlement, it’s common for both parties to focus on immediate financial concerns. Yet it is the long-term financial consequences of divorce that frequently are more devastating. Here are some of the most frequent mistakes and how to avoid them.

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