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Mary Ann Pierce, CLU

/Mary Ann Pierce, CLU

About Mary Ann Pierce, CLU

This author Mary Ann Pierce, CLU has created 19 entries.

CARES Act Drastically Changes Required Minimum Distribution Rules For 2020

This helpful article from FORBES.com is a good starting point for questions regarding the changes in the CARES Act for 2020. The CARES Act essentially suspended required minimum distributions (RMDs) for 2020 across the board. However, there have been a lot of questions about what this means for those who already took out distributions, and the impact on taxes and inherited accounts. It is important to remember that the CARES Act is a relief bill, and by suspending 2020 RMDs,

Understanding Social Security

Understanding Social Security

Approximately 68 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2019) Although most people receiving Social Security are retired, you and your family members may be eligible for benefits at any age, depending on your circumstances. How does Social Security work? The Social Security system is based on a simple premise: Throughout your career, you pay a portion of your earnings into a

Time to Fear the Coronavirus?

Monday, fear over the Coronavirus finally gripped investors, as both the Dow Jones Industrial Average and the S&P 500 index fell over 3% – the largest daily declines in two years. These drops wiped out all the gains for the year. Frankly, it’s amazing to us that the market had been so resilient! Maybe it’s because recent history with stocks and viruses is that markets overreact leading to significant buying opportunities along the way. Over a 38-day trading period during the

Planning a vacation without going into debt

We thought it might be nice while we’re in the midst of a Central New York winter to write about taking a vacation! Maybe you’re planning on traveling somewhere warm with hot sand and calming waves; maybe your idea of a vacation is traveling to another country with exotic food and historic sights to see! Wherever you visit this summer, the financial stress of vacations can be an uninvited downer. However, planning ahead eases that stress and can ensure you stay out of debt so you

Share Your Plans!

In my opinion, there is nothing more difficult to accomplish during a time of intense stress than trying to put finances in order.  The stress that I’m referring to in this instance is the death or disability of a loved one.  Perhaps you’re a spouse who has lost a partner, a child who has lost a parent, or a dear friend trying to pick up the pieces of a life. Over the years, we all tend to accumulate things –  financial assets, property such as our home, vehicles, jewelry

Team Marathon for the Cure – a Postscript

$191,000+ Over 21 years – Simply Awesome! The weather was picture perfect, sunny blue sky and 65 degrees. The warmth of the sun added to the warmth of the energy from so many participants. With our Team, Marathon for the Cure, of 26 people there was no question that it was a day filled with emotions and success. With a list of names on the backs of our Team Members, walking in honor or in memory of a loved one, we found the inspiration

What Would It Take To Become Financially Fearless?

I was talking to a friend yesterday and we somehow arrived on the subject of how many of us, women especially, suffer anxiety over our finances. This can happen whether we are financially sound (earning a good salary, meeting our financial obligations, have money in the bank), or if we are in a tenuous financial situation (whether it be death of a spouse or partner, divorce, job changes, etc.). At this very moment I have several clients who are working well

The pitfalls of handling your own financial matters: The Importance of Working With your Financial Advisor

We are now in the heart of tax season, and many of us have our taxes prepared by a Tax Accountant or CPA. In the same way we hire a plumber if we need a pipe unclogged, an attorney to write our wills and prepare other legal documents, an electrician for electrical work, and a mechanic to work on our cars. However, many balk at the idea of hiring a Financial Advisor to assist with investment planning or future money

Medicare: Complicated or Complex?

As Autumn arrives, we start to see a lot of attention being given to two things: political campaigns and Medicare Insurance. I won’t even try to address the former in this blog. (As an aside: My hope is that those who are able, will go to the polls on Election day and vote for the candidates of their choice. Participation does matter.) As for the latter, I often hear from clients: “Why does Medicare need to be so complicated?” While

Social Security Savvy

Social Security Savvy What to Know to Help Maximize Your Retirement Income Retirement looks very different today than it once did. As the typical human lifespan has extended well into 80 years and beyond, thinking about how to maximize retirement benefits is more important than ever. Social security benefits have been a primary element in investment planning of most Americans for nearly a century, but the landscape of how and when it is best to collect those benefits is anything but the same. There