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Welcome to Adulting

The Lessons They Didn't Teach You in School

Financial Challenges Facing Young Adults Today

GLOUCESTER - Wednesday, July 24, 2019 (5:30-7 pm)
Location:Jalapeno's Restaurant, 86 Main St., Gloucester, MA.
Register Here

Seminar for Teachers & Admins

The ABC’s of Retirement
Plan now to help avoid surprises in retirement

GLOUCESTER - Wednesday, July 17, 2019 (10-11:30am)
Location: BankGloucester Community Room, 160 Main St., Gloucester, MA.
Register Here

DANVERS - Wednesday, July 24, 2019 (10-11:30am)
Location: Courtyard Marriott, 275 Independence Way, Danvers, MA.
Register Here

DANVERS - Wednesday, July 31, 2019 (10-11:30) (formerly 8/1/19).
Location: Courtyard Marriott, 275 Independence Way, Danvers, MA.
Register Here

Seats fill up fast, don’t delay - Register now
Use the links above or call: 978-675-9936 or email: andrea@bgfinancialgrp.com

Want Your Own Seminar?
If you have a group of 10 or more educators / admin, we will bring our presentation to you. Call Andrea Donnelly for more information. 978-675-9936.

Want to Be Notified When Their Are Seminars in Your Area?
Call or email Andrea Donnelly to be added to the list.
978-675-9936 or andrea@bgfinancialgrp.com

If you have just ONE New Year Resolution...

Save More For Retirement

This year you can save more in your workplace 401(k) retirement savings account. The maximum contribution has increased from $18,500 in 2018 to $19,000, so consider increasing the amount you are contributing, making sure you’re saving at least enough to get your employer match. Remember that even the most generous matching policy won’t be enough to fully fund your retirement, so it's always a good idea to save as much as possible.

If you don’t have a match or a 401(k) plan, consider setting up a recurring auto-deposit into a Roth IRA. In 2019 you can contribute up to $6,000, assuming you meet the income requirements (less than $120,000 a year if you’re single, or $189,000 a year if you’re married).

If you’re able, you can contribute to both a 401(k) and a Roth IRA for a grand total of $25,000 saved for retirement.

Diane is here to help.

Contact Andrea Donnelly to arrange a convenient time to get together with Diane.
Call: 978-675-9936 or email:


Having a long-term financial plan gives your logic a leg up over your emotions during times of market volatility

When stock markets are highly volatile, the roller coaster ride can test even the most stoic of investors. But those with a professionally prepared, long-term financial plan may fare better than most do-it-yourself investors.

A financial plan can bolster your logic when your emotions want to take over. Your financial planner developed your plan based on your personal situation, including your goals, your age, your assets and income, your liabilities and your tolerance for risk. Faced with volatility and the emotional desire to flee the pain of market losses or increase the euphoria of market gains, your financial planner takes you back to the plan: Has anything changed about your personal situation as a result of the market? If not, there’s no reason to change the plan.

That’s not to say that financial plans should be created in a vacuum and then shoved in a drawer to be dusted off in 10, 20 or 30 years when you retire. Your financial planner will review your plan with you at least annually and whenever you face a life-changing event, including the birth of a child, an empty nest, retirement, divorce, illness, disability or the death of a spouse, parent or child.

Multiple studies of past market data have shown that the longer you have money invested in the market, the less volatility your portfolio experiences. That’s because time allows the highest highs to offset the lowest lows. On average, the markets have had positive returns in seven out of 10 years for the past 70 years, according to the Financial Planning Association. The longer you are invested in the market, the more up years you accumulate.

Market swings make headlines because they reflect change – one of journalism’s criteria for news making. Daily swings don’t necessarily reflect a trend of any significance. The market can be up hundreds of points one day only to be down the same amount the next day. Trying to guess which way it will go on a given day, week, month or even year is a fool’s game that plays to your emotions.

As you reach milestones in your life, you can look at your plan and say, “Ah, yes. My planner talked about this, and we prepared for it.” That applies to market volatility as well; your financial planner takes into consideration the effect of market volatility and applies tools such as diversification, asset allocation and rebalancing, among other strategies, to your investment model. While asset allocation and diversification do not guarantee greater or more consistent returns, they may help offset risk.

Will your account balance at times show a drop in value? Absolutely. No one can guarantee you will never lose money on an investment. A financial plan and the counsel of your financial planner can give your logic the boost it needs to keep your emotions from running roughshod over your financial goals.

Diane is committed to making sure your plans continue to suit your needs.

Contact Andrea Donnelly to arrange a convenient time to get together with Diane.
Call: 978-675-9936 or email:

With a New Year upon us, it’s a good time for a FINANCIAL CHECKUP!

Just as your primary doctor monitors a list of markers to assess your physical well-being each year, it’s a good idea to get an annual check-up” to monitor the health of your financial situation and catch any potential concerns before they can cause problems. So as the year draws to a close, and the new year gets underway, it's a great time to meet with Diane to review your finances.

Diane will update your “history” with any new developments in your personal situation, such as a salary change, a child starting college, the birth of a grandchild, a family health issue or any changes in your long-term goals. If there have been significant changes, we’ll review your beneficiaries and estate plan for possible updates.

We’ll examine your recent health expenses to see if another insurance plan would better suit your needs. We’ll determine whether your auto, umbrella liability, home owners, disability and life insurance policies adequately protect your wealth, family and future.

After looking at your investments’ performances over the past year, we’ll decide whether your asset mix still meets your time frame, risk tolerance, needs and preferences. We can also project your income for the year to see if we should look for ways to reduce tax liability.

Diane extends her best wishes for your health, happiness and continued financial success, and thank you for allowing her to serve you. She is committed to making sure your plans continue to suit your needs.

Contact Andrea Donnelly to arrange a convenient time to get together with Diane.
Call: 978-675-9936 or email:

Five Tips for Keeping Your Financial Resolutions!

With the New Year upon us, take time to make a list of your financial resolutions. Financial resolutions can be especially difficult to stick with because, like eating and exercising, our spending, saving and investing habits tend to be tied to our emotions more than our logic. Here are five tips for keeping your financial resolutions:

Contact Andrea Donnelly to arrange a convenient time to get together with Diane.
Call: 978-675-9936 or email:

About the New Tax Bill

Flier Graphic: 5 Key Facts About The New Tax Bill. The enactment of the Tax Cuts and Jobs Act (TCJA) represents -the most sweeping overhaul of the U.S. tax code in more than 30 years.(1) For millions of Americans and businesses it means on altered financial and investment landscape with new opportunities and challenges in the years ahead. Keep in mind, however, that the information in this material is not intended as tax advice, and may not be used for the purpose of avoiding any federal tax penalties. 
			Here's a brief look at 5 key changes: 
			Personal Taxes:
			Some of the TCJA's key provisions include a reduction in most marginal income tax brockets, near doubling of the standard deduction, and a $10,000 cap on state and local tax deduction. The Tax Policy Center projects that taxes will fall for all income groups and result in on increase of 2.2% in after-tax income. The Tax Policy Center also cautions, however, that some individuals and households may see a higher tax bill.(2)
			The TCJA did not adjust the preferential rates of 0%, 15% and 20% for long-term capitol gains and qualified dividends. For example, the transition from 15% to 20% capital gains rate will continue to use the top tax-bracket thresholds of $425,800 for individuals and $479,000 for married couples.(3)
			The tax bill introduces several key changes for business owners, including the introduction of a 20% deduction for pass-through businesses. Business owners may want to review their current business structure (C-Carp, S-Corp, and llC) and determine what entity is best structured to help them accumate
			retirement assets.
			College Savings:
			529 plans may now be used to fund private elementary and secondary education 
			(for up to $10,000 in distributions per student each year). Prior, they were limited to any eligible post-secondary institutions.(4)
			Estate Strategies:
			The estate tax exemption was raised to $11.2 million, a doubling of the S5.6 million that previously existed. As such, individuals benefiting from this change may want to re-evaluate the strategies they have in place to address the tax and liquidity issues that may no longer exist. 
				1 The Wall Street Journal. December 20. 2017
				2 Tax Policy Center of the Urban Institute and Brookings Institution, 2017
				3 Kitces.com. 2017
				4 The tax Implications of 529 College Savings Plans can vary significantly from state to state, and some plans may provide advantages and benefits exclusively for their residents. Please consult legal or tax professionals for specific information regarding your Individual situation. Withdrawals from tax-advantaged education savings programs that are not used for education are subject to ordinary income taxes and may be subject to penalties.

			This content was developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed ond material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
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