Can You Afford It?

September 8, 2011

Calculate how much you spend on frivolous or extravagant items. Scott Tuxbury, director of retirement and investments with New Wealth Advisors in Tewksbury, Mass. pointed out to one client how much a motorcycle he never rode was costing him, about $2,800 a year in upkeep, insurance, and registration fees. “That one ride costs $2,800 a year. You put it that way, ‘Oh,’ the husband says, ‘I’ll ride with a friend,’” Tuxbury says.

When To Dip Into Your Retirement Savings

August 19, 2011

(Withdrawals from Roth accounts, where you stash away money after-tax are tax free in retirement.)  “It can be very punitive,” warns James Guarino, a CPA and certified financial planner with New Wealth Advisors in Tewksbury, Mass.

Shaky world events weigh heavily on investors’ minds

July 22, 2011

Investors “can’t miss, not hear or ignore” all the noise around global events, said Stephen Fusi, senior wealth and investment advisor at New Wealth Advisors in Tewksbury. “The way I try to steer the discussion as best I can is to focus on income,” he said.

The Danger of Treating Your 401(k) As a Piggybank

July 13, 2011

“It’s never a mistake to put too much money into a 401(k) plan,” says Scott Tuxbury, director of retirement and investments with New Wealth Advisors in Tewksbury, Mass. “The mistake is using these balances, not as a retirement account, but as a rainy day account.”

The Bright Side of Past Fund Losses

April 4, 2011

In this environment, investors need to be especially "vigilant" about their after-tax returns, says Stephen Fusi, an investment adviser at New Wealth Advisors, a registered investment-advisory firm in Tewksbury, Mass. [...]