If you're a small business owner running a business by yourself or with your spouse, you are eligible for a "solo" 401(k) plan that can cover you and your spouse (if you have one). These types of plans are usually offered through any number of platform providers using a simple "prototype." By using this type of template, the costs for setting up a plan are significantly reduced. Most mutual fund ... Read More
CFP
Why Choose a Board – Certified Financial Planner Professional
Choosing a Board-Certified Financial Planner Professional You wouldn’t go to someone who wasn’t board certified for medical advice. You go to a doctor. You wouldn’t go to just anybody to get legal advice. You go to a lawyer. Why? Because they are board-certified. Why would you get financial advice from someone who is not board-certified? Clients should be informed of the ... Read More
Top Five Reasons for Hiring A CERTIFIED FINANCIAL PLANNER ™ During the Divorce Process
Too often folks go through a divorce confused about the process or impact of decisions on their long-term financial health. Or they are blinded by the emotions connected with the divorce. I'm here to tell you that neither hope, good intentions or an ostrich-head-in-the-sand approach are going to get you through this life transition. 1) Financial analysis conducted early in the divorce ... Read More
About Steve Stanganelli, Certified Financial Planner ™ Professional
Steve Stanganelli of Clear View Wealth Advisors, LLC has been working with individuals and businesses throughout the New Hampshire Seacoast and in Massachusetts in the Greater Boston, North Shore and Merrimack Valley areas for more than twenty years. Steve came to this business from a long career in mortgage banking. Steve is a board-certified financial planner professional with specialized ... Read More
Why You Should Choose a Fee Only CFP (R)
Why is Fee-Only Compensation of Critical Importance to You? A financial planner who has a financial stake in the course of action that he/she recommends to a client faces an inherent conflict of interest and may not be considered objective and unbiased. This is true even if the planner truly believes that he/she has only the best interests of the client at heart. Unfortunately, the vast ... Read More
Personal Note from Steve Stanganelli
Growing up in a working class family in Lawrence, I was instilled with the values of family, education and hard work. I was influenced by seeing my parents struggle and sacrifice to build a comfortable home and middle-class lifestyle for their two sons. My dad worked in the textile mills of Lawrence and my mom worked in electronics and eventually both retired from Raytheon. I saw both ... Read More
Coping with Change: The Impact of Divorce on Your Fiscal Health
Divorce is emotionally traumatic on everyone involved especially if there are children. While it may seem mundane, dealing with the money and tax issues that arise from the unwinding of a life together is as important for both psychic and fiscal sanity. In the big scheme of things, there are more important things than money. And many who are faced with this kind of life-changing event will cope ... Read More
Improve Your Odds for Student Financial Aid
It’s never too early or even too late to start planning for ways to pay for college or post-graduate school. Myths There are a number of myths out there that can adversely impact your planning efforts: 1.) There’s not enough aid available; 2.) Only students with good grades get aid; 3.) My family makes too much money to qualify. Reality In reality, both “self-help” aid like loans and “gift” ... Read More
Money Moves to Ring in the New Year
“Sometimes all it takes to change your life massively for the better is a small action and a small success, “ says David Bach, a noted author on money matters. Consolidate Your Accounts: Don’t wait for spring cleaning to roll around. Make it easier on yourself by combining old 401(k) or IRA balances from your various old jobs. This can help cut down on the amount of paper you receive and ... Read More
Take Control of Your Retirement – Discover the Power of Self-Directed IRAs
Did you know that close to $4.2 Trillion in IRA and retirement account assets can be invested in much more than the standard run-of-the-mill investment choices offered at Big Box investment companies? Ever since IRAs were first introduced in the 1970s, investors have been permitted to invest in a range of stock market alternatives including non-publicly traded assets such as real estate, notes ... Read More
