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Welcome to the Planning for Good Blog.

Here you will find answers to FAQs, my best tips, and insight into hot topics. Get a taste of my thought process when giving financial advice.

Have a suggestion for a future blog post? Email me at kmeloticas@baystatefinancial.com

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Thursday, August 8, 2019

By Amy FontinelleAmy Fontinelle is a personal finance writer focusing on budgeting, credit cards, mortgages, real estate, investing, and other topics. It’s not something anyone likes to think about, but life-altering illnesses...

 

Thursday, August 1, 2019

In this day and age, we have endless responsibilities competing for our time. Some decisions are complicated and have serious repercussions if we make a poor choice, or neglect to act. Traditionally, we’ve learned to seek...

 

Monday, July 15, 2019

When thinking about how to protect your livelihood or build the financial resources you will need to live life as desired, it often starts with clarifying what you want to achieve, what you value and how uncertainties can affect plans...

 

Sunday, July 7, 2019

Prospective clients often tell me that that they feel uncomfortable or embarrassed to share their personal circumstances with me, for fear that they will be judged. It’s likely been the thing keeping them from seeking help when...

 

Monday, July 1, 2019

By June, most children in the US have closed the books for the school year. For some children, summer means camp, or family vacations. For teens, it could mean a job or internship. Perhaps it's just lazy days playing with friends. But...

 

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Thursday, June 27, 2019

Researching destinations for your next big vacation getaway may be part of the fun, but for LGBT world travelers — especially those with kids — it is also a very important step to ensuring a safe and enjoyable trip....

 

Wednesday, June 19, 2019

Breaking up is never easy, but in the case of same sex couples, it can be complicated considerably by legal landmines. “We have the exact same split-up rates as straight couples,” said D’Arcy Kemnitz, an attorney and...

 

Tuesday, June 11, 2019

Estate planning is far greater than just drawing up a will: it’s a way to make decisions about all kinds of important personal and financial topics, from insurance to real estate to guardianship to financial planning and wealth...

 

Thursday, June 6, 2019

For LGBT (Lesbian, Gay, Bisexual and transgender) kids and young people questioning their sexual or gender identity, the love and support they receive at home makes all the difference. Parents who embrace their child’s journey...

 

Sunday, June 2, 2019

I’m often asked how financial planning for the LGBTQ is different from planning for any other person or family, especially now that we have marriage equality. Here’s one example: members of the LGBTQ community, generally...

 

Wednesday, May 29, 2019

Retirement is typically one of everyone’s top financial goals. It may be the furthest out, but any good financial plan starts with calculating how much money you’ll need during your retirement years. Many financial...

 

Tuesday, May 21, 2019

Professional advisors are asking clients about health in more detail and more often: the client’s personal health, as well as that of their spouses/partners and any dependents they may have (this could be kids or elderly parents...

 

Monday, May 13, 2019

Taking a Closer Look at Target Date Funds

 

Sunday, May 12, 2019

This is a question I get a lot. An opportunity came up, such a finding a new home, or you came into some hard times, and you want to know if you can use assets from your IRA. First thing: these situations vary widely given personal...

 

Tuesday, May 7, 2019

Divorce can be an emotional rollercoaster, and because of its unique challenges, you can find countless articles online about how to get through it. That’s not my goal here. Below you’ll find some of the commonly overlooked...

 

Wednesday, May 1, 2019

You insure your most valuable assets like your home, your car and your life. Most people would agree that they’re worth protection; however, disability income (DI) insurance is something people tend to be less certain about....

 

Monday, April 29, 2019

Losing a spouse is difficult, but it can be comforting to know that Social Security survivors benefits could help keep your financial house in order in the years ahead. To maximize the amount you receive in survivors benefits, however...

 

Monday, April 22, 2019

If you are divorced, you may be aware that you can potentially claim retirement benefits on your ex-spouse’s earnings record. As a divorcee, you may be eligible to receive a spousal benefit equal to 50 percent of what your...

 

Monday, April 15, 2019

Single, childless retirees who never married have age based filing strategies available for claiming Social Security benefits: Claim reduced benefits as early as age 62, and receive a reduced monthly benefit for life. Wait to claim...

 

Monday, April 8, 2019

If you’re married and thinking about retirement, you should consider the strategy you use to file for Social Security benefits carefully. The age at which you and your spouse begin collecting benefits will affect not just the...

 

Sunday, March 31, 2019

Perhaps you're frequently told—by colleagues at work, family members, or friends—that they don't know what they'd do without you. Of course, it makes you feel important. But perhaps you're being given a bit of a...

 

Thursday, March 21, 2019

Retirement saving is not on most Millennials’ list of top priorities. But if they continue to delay saving for it, they may not be able to retire until well into their 70s. Despite current expenses like student loans and credit...

 

Wednesday, March 6, 2019

Are you tired of getting inundated with junk in your mailbox? Are you having to recycle more mail than you open? Not only is this a nuisance, but it could cause you to miss something important in the shuffle. Here are some tips to...

 

Sunday, February 17, 2019

Are you getting ready to change your name and dreading the process of updating all the various accounts and systems? Perhaps we can help… HERE is a list of the most common places where you’ll want to update your name....

 

Tuesday, February 5, 2019

I love to travel! New places, warm beaches, historical locations and often to international spots. I’m not alone. Most of my clients enjoy travelling and many times I’m asked how to best plan for these costs. Here are a few...

 

Friday, January 11, 2019

If you’ve been a client of mine for some time, you already know what I’m going to say… consider this your reminder! :) One of the best ways to protect the security of your most important data, and to help ensure...