News & Insights

6 Steps for Young Adults to Build a Financial Foundation

Consider sharing this infographic with the young adults in your life.  

Nonprofit Board Membership: A Primer

If you're looking for creative ways to "give back" to your community or society at large, consider joining a nonprofit board of directors. But where do you begin?

How should I spend it?

Health flexible spending accounts (FSAs) are a great way for individuals to pay qualified medical and dental expenses using pre-tax dollars. While IRS rules do allow employers to offer either a carryover or grace period option for money left over in flexible spending accounts, many employer FSA plans still have provisions that don't allow for funds contributed to an FSA to carry over from one plan year to the next. In other words, if you don't use it, you lose it. If you find that you still have money left over in your FSA as the end of the year approaches, there are a number of ways to spend down your account balance.

What financial resolutions should I consider making as I look ahead to 2018?

A new year is right around the corner, bringing with it a fresh start for you and your finances. What will you do this year to help improve your financial situation?

What You Can Do with a Will

A will is often the cornerstone of an estate plan. Here are five things you can do with a will.

Should You Pay Off Your Mortgage?

After years of dutiful payments, you find yourself in the enviable position of having enough accumulated savings or discretionary income that you could aggressively pay down—or completely pay off—your mortgage. But should you? Are there better ways to ensure your financial security?

Five Myths About Group Disability Insurance

You may think that the chances of becoming disabled during your working years are slight, and even if you did get hurt or had to miss time at work, you could get by because you have group disability insurance. Unfortunately, you may be in for a big surprise. Here are some myths and misunderstandings about group disability insurance.

Preparing for your 8,000-Day Retirement

On Tuesday, October 17, Canby Financial Advisors hosted a client event at the deCordova Museum and Sculpture Park titled “Preparing for your 8,000-Day Retirement” based upon research from the MIT AgeLab and presented by Stephen Parnell of Hartford Funds.

The MIT AgeLab has identified that Americans can expect a 22-year, or 8,000-day, retirement.  The time will not pass homogeneously, but instead in four phases:  The Honeymoon Phase, The Big Decision Phase, The Navigating Longevity Phase, and The Solo Journey Phase.   

Read on for our advisors’ favorite lessons from the presentation.

Is the Cloud Secure Enough for Me?

Have you ever used Dropbox or How about web-based mail, like Gmail, Yahoo! Mail, or Hotmail? If you consider that all of these are clouds—as are most Google apps—it’s hard to find an Internet user who doesn’t have some information in the cloud.

As cloud-based services become more prevalent, you might be wondering: Is the cloud secure enough for storing and sharing my own information?

Company Stock and Your Portfolio: Keep your Eye on Concentration Risk

The opportunity to acquire company stock — inside or outside a workplace retirement plan — can be a lucrative employee benefit. But having too much of your retirement plan assets or net worth concentrated in your employer's stock could become a problem if the company or sector hits hard times and the stock price plummets.