By Patty Manko

Excerpts from 5 key issues to consider before you decide whether to tie the knot. by Elizabeth O'Brien

marrigae after 50 resized 600Marriage at any age involves practical considerations, but this holds especially true for older adults, because they’re likely to have built families, acquired assets and maybe developed a pre-existing medical condition or two.

More than one in three people ages 50 to 64 are divorced, widowed, separated, or never married, according to the Census Bureau. When these folks find love, a big question becomes,...


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1004 Main Street Winchester MA
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By Patty Manko


statehouse resized 600Yesterday, the Massachusetts General Court took a huge step forward in the realm of disability rights. The Senate approved S2245, Relative to assisting individuals with autism and other intellectual or developmental disabilities. To read the full text of the bill, click here
.

The bill still needs to be reconciled with the House version to become law.

The highlights of this bill:

  • makes the Special Commission Relative to Autism a permanent oversight body
  • creates special savings and expense accounts
...

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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko


socialsecurity ad411ca1d2c355eeb9f2789b4c2e28987922443b s6 c30 resized 600Social Security provides a critical baseline of expected retirement income for many Americans.  Here are TEN considerations to help maximize the value of your benefits.¹

1. Carefully choose your retirement age

 Knowing your full retirement age, the age at which you may first claim benefits without incurring any reduction in amount, is critical. You may start receiving benefits as early as age 62 or as late as age 70. Social Security benefits are calculated to  give you about the same total over your...


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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko

Service and supportsThe Difference between Service and Support 

Today, advocates and professionals often use the word “support” to include anything that someone may need to live in his or her community. Often in human or disability services, an individual has to accept a change in location or compromise in the type of supports needed. 

The two examples below describe the differences between support and service.

Case 1 - After transitioning from Early Intervention into their city’s school system, a family was looking forward to having...


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Shepherd Financial Partners
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(781) 756-1804  Visit Shepherd Financial Partners

 

POSTED FROM THE SHEPHERD FINANCIAL PARTNERS BLOG

A mid-year look at the market

June 30, 2014

 

By Patty Manko

describe the imageHere is a summary of the market update released today from the research department of our broker/dealer, LPL Financial.

As we expected, markets in 2014 have been less influenced by politics and policymakers than in 2013 and more dependent upon growth. Growth is an essential characteristic of all living things, and in 2014, growth is vital to our outlook for the economy and markets. Our notes from the field contain these key observations and reaffirm our forecasts:

After an extreme winter wea

...

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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko

describe the image

The most effective means to providing an individual the opportunity to achieve a full life is to maximize both public and private resources.


Service providers continue to struggle with limited budget constraints and high staff turnover.  Families tired of receiving minimal supports and services often combine their resources to supplement those needed.  Although every individual has their own personality and needs, many dreams have been realized by creatively pooling resources between many familie...


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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko

Fabulous20Fifties20Sign resized 600It is generally easier to get where you want to go when you have a road map (or GPS!). A financial plan serves this function when making decisions of how to set priorities for your financial future. Each individual has their own timeline, but we have identified some of the key financial decisions people may face in each decade of their life and the considerations that go along with them.

 

 

Key Financial Goals for your 50’s

 

1.         Increase savings and max out retirement accounts

As you move closer...


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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko

 

TED (Technology, Entertainment and Design) is a non-profit organization devoted to spreading ideas.  TED holds conferences around the world and has the misson of spreading great ideas throughout many communitites.  Here are some TED Talks relating to disabilities.

This week TED featured a talk by Stella Young, a comedian, disability advocate and the editor of Ramp Up, an online space for news, discussion and opinion about disability in Australia. 

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In this factual talk, geneticist Wendy Chung shares...


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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

POSTED FROM THE SHEPHERD FINANCIAL PARTNERS BLOG

Retirement: Get What You Need

June 17, 2014

 

By Patty Manko


get what you need resized 600After a lifetime of work, it’s great to take a trip, help the kids, or get a new TV. But before you get what you want, make sure you have what you need. 

In 2011 the Financial Security Project of Boston College produced a Planning Guide for the Newly Retired that can serve as a workbook for retirement planning.  The Guide outlines a 3-step process to determine how your financial needs are met.

  1. Define what you need. A reasonable place to begin is what you currently need each month to pay
...

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Shepherd Financial Partners
1004 Main Street Winchester MA
(781) 756-1804  Visit Shepherd Financial Partners

 

By Patty Manko

trustee time logDistributions

Most special needs trusts give the trustee sole discretion to make distributions from the trust funds. There are specific guidelines to be followed in making distributions.  A general rule is that distributions should not be made directly to the beneficiary.  Instead checks should be made payable directly to the vendors when goods are purchased or to the providers when services are rendered.

Charging a trustee fee

Even if the trust does not contain any specific language about fees, the trustee...


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(781) 756-1804  Visit Shepherd Financial Partners