Burlington, MA – October 4, 2016 - Axial Financial Group, LLC (AFG) a leading wealth management and financial planning firm, announced the opening of its new Marina Bay office in Quincy, Massachusetts.
We woke up on Friday morning, June 24, to headlines about another economic crisis coming out of Europe. This time, the “crisis” is the decision by the U.K. to leave the European Union (EU). A somewhat unexpected outcome of a much-talked-about event, it has rocked markets around the world, including here in the U.S. In the immediate aftermath of the vote, futures were down significantly, showing that the concern is real. You may well share that concern.
Many baby boomers belong to the “Sandwich Generation”—the growing group of people who care for their aging parents while supporting their own children. According to a 2013 USA Today/Gallup poll, 41 percent of baby boomers who have a living parent assist with the parent’s personal care, financial matters, or both. Another 37 percent expect to take on the care of their parents in the future. If you plan to be involved in an elderly parent’s care, it’s important to understand the array of issues that come into play.
As a reminder, on November 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 into law. Among other things, this two-year budget deal contains several provisions designed to close perceived loopholes in social security claiming strategies. Those most likely to be affected by this legislation are individuals who have yet to claim their benefits and who planned to employ the file-and-suspend/restricted spousal application strategies.