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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 27 entries.

College Savings Guide

Taking steps now to save for you or your child’s education is one of the wisest financial decisions you can make to help support a bright future. This blog covers important information from Capital Group – American Funds about college savings accounts and strategies that will guide you.  What are the benefits of starting a 529 savings plan? Tax advantages – Tax-advantaged treatment applies to savings used for qualified education expenses. State tax treatment varies. Flexibility – You (the account owner), rather than the beneficiary,

Financial Knowledge

understanding your financial paperwork

Do you have someone in your household who traditionally “takes care” of the bills, or is “in charge” of your finances?  When meeting with potential clients, all else being equal, I will hear that there is one person who is the “go to” for all things financial. This may be because they have an interest or aptitude in that area, or they’ve just had that responsibility allocated to them in the division of household duties. Though it is encouraging to hear

Things to Think about in the New Year

We’ve done it again! We’re saying good-bye to the “Old Year” and welcoming in the “New Year”. This year to celebrate, instead of making New Year’s Resolutions (which rarely last past January 3rd) I’ve prepared my: List of Things to think about in the New Year: Is there a trip I’d like to take?  Yes – to anywhere!!!Are there any books I’d like to read? Need to visit the Library – haven’t been in ages!What movies would I like to see? Anything – can’t


Anyone who knows me well knows how much I love words; how they sound, what they mean, how they look on the page.  To me, November brings to mind the words “Thankful” and “Grateful”. The Oxford Dictionary defines “thankful” as “pleased and relieved”; it defines the word “grateful” as “showing an appreciation of kindness”.  I was surprised; I’d always used the words interchangeably. However, according to the Oxford Dictionary it appears that being thankful is a feeling and being grateful is

The importance of basic building blocks of a solid financial plan

Last week I met prospective clients who were interested in discussing retirement strategies and various types of investments.  They told me that “now that things are getting back to normal, it’s time to start planning again”. Both were young professionals and had substantial savings.  During an initial meeting I will review the overall financial situation and discuss goals both near- and long-term.  Part of this meeting also involves me asking about various insurance coverages and legal documents (I never give legal

Plan B – Building Resilience

Resilient: Capable of withstanding shock without permanent deformation or rupture; Tending to recover from or adjust easily to misfortune or change.From Merriam-Webster Yesterday my coach told me that her mantra for this month is “resilience”.  She explained – in her training, there are days where it seems like all goes well, and others where for a multitude of reasons it may not.  However, if she has a plan in place, she can adjust to absorb these “shocks” and continue with her

“Don’t let the sun go down without saying thank you…”


“Don’t let the sun go down without saying thank you to someone, and without admitting to yourself that absolutely no one gets this far alone.”   Stephen King We have all heard that “an attitude of gratitude” will improve our daily outlook. That we should approach every situation looking for that silver lining, or the positive in a field of negatives. In a year like this one has been, that can be incredibly difficult! I found this quote from one of my favorite authors

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