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Sensible Perspectives

How to Succeed at New Year’s Resolutions, Without Really Trying

Posted by on December 1, 2017

Every year, we provide guidance to help you with your New Year’s resolutions. While we used to say that our advice was based solely on introspection, evidence on how habit formation works has emerged, and it’s consistent with our recommendations. So, we can now say with confidence that if you follow these steps, you are […]

How Much Can I Plan on Social Security?

Posted by on November 17, 2017

In my first article on Social Security, I described how the program works and reviewed the program’s financial standing over the last thirty years. In my second article, I examined the financial future of Social Security and the policy changes necessary to shore up the program’s long-term finances. Here, I outline Sensible Financial’s new projections […]

Year-end Tax Planning: Should You Do a Roth Conversion?

Posted by on November 16, 2017

Many advisors tout the benefits of a “tax-free income” in retirement for those individuals with a Roth IRA. More important than tax-free income in retirement is the goal of reducing your lifetime tax burden by shifting income from one year to another through a Roth conversion. With the December 31st deadline for 2017 Roth conversions […]

The Risks of Active Management

Posted by on November 5, 2017

In my last article I summarized the trailing 15 years of active management versus passive management performance data (spoiler alert: passive won). Looking solely at fund returns over that timeframe, we saw that the overwhelming majority of active managers trailed the performance of their relevant benchmarks. But returns are only part of the analysis. Risk […]

Sensible Financial Joins Mass Innovation Nights For a Night of FinTech Innovation

Posted by on October 19, 2017

Sensible Financial team members Rick Fine, Chris Andrysiak and Rick Miller recently served as experts at Mass Innovation Nights (#MIN102), a monthly gathering featuring startups and local innovators. The theme for the event was financial technology and financial literacy, and included 13 startups with exciting new fintech products. The financial literacy theme tied in nicely with […]

InvestmentNews Names Sensible Financial a 2017 Best Practices Award Winner for Excellence in Technology

Posted by on October 17, 2017

InvestmentNews names the financial advice industry’s 2017 “Best Practices” Fifth annual awards program recognizes firms for excellence in practice management and technology   October 17, 2017, Boston – InvestmentNews today named Sensible Financial Planning and Management, LLC a winner of the 2017 Best Practices Awards, an important initiative that recognizes the top-performing and most innovative […]

Medicare Part C (Medicare Advantage)

Posted by on September 29, 2017

For those approaching 65 and just learning about Medicare, Medicare Part C (also known as Medicare Advantage, or MA for short) is perhaps the least understood part of Medicare.  Medicare Advantage is a separate and distinct entity from the government-run Medicare A and B programs (also known as “original” or “traditional” Medicare).  Marketed as an […]

What it Will Take to Fix Social Security’s $12.5 Trillion Shortfall

Posted by on September 25, 2017

In my previous article, I describe how the Social Security program works and examine the program’s financial standing over the last thirty years.  Currently, Social Security is running a small annual surplus, paying benefits as scheduled, and trust fund reserves are larger than they’ve been in decades.  At a glance, everything appears A-ok. However, the […]

How To Choose A Medicare Part D Prescription Drug Plan

Posted by on August 29, 2017

In a previous article, I explained the who, what, and when of Medicare Part D, Medicare’s prescription drug program for seniors.  I devote this article to describing the “how” – that is, how to go about choosing among the myriad Part D plans available in your geographic area.  Knowing how to choose a plan is […]

How Social Security’s Coming Insolvency Will Affect You

Posted by on August 24, 2017

It is no secret that the Social Security program is financially unsustainable.  Based on current projections, too little cash is coming in to cover future benefit payments.  The first page of your Social Security Statement (the document reporting your lifetime earnings history and estimating your future Social Security benefit) states that “by 2034, the payroll […]