News

  • Key to Managing Money in Retirement

    Key to Managing Money in Retirement

    We all know how the story goes: we work hard for 40 years, contribute to our 401(K), invest, budget, and everything in between. But what happens after we retire? The rules of money management shift in retirement, so it’s important to be prepared. Rather than focusing on saving income, it’s time to focus on budgeting…

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  • 3 Strategies for Estate Planning

    3 Strategies for Estate Planning

    As we stated in our previous blog post, financial planning and estate planning go hand-in-hand. Estate planning can help you manage your financial and personal affairs. It allows you to evaluate your assets and consider what is going to happen to those assets when you die. As your financial advisors, the MFP team can help…

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  • Retirement Annuities: Pros and Cons

    Retirement Annuities: Pros and Cons

    Retirement annuities are insurance contracts between the owner of the annuity and the financial institutions issuing it. You can purchase these contracts with monthly premiums or lump-sum payments. From there, those invested funds grow over time in what we refer to as the “accumulation phase.” After that, we enter the “annuitization period”, in which the…

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