It costs a lot to retire. The amount of money you will need each year when you stop working depends on your individual circumstances and the kind of lifestyle you expect to live. Your estimate will be the starting point of your retirement plan and will drive many of the other planning decisi…

featured

More than 80 girls in grades 3 through 5 from Greater Lawrence area schools participated in the "Introduce a Girl to Engineering" event Monday morning.

At least once a year you should take the opportunity to reevaluate your financial goals and your progress towards reaching them. Here are some sensible ideas to help improve your chances of achieving financial success.

Yet another demolition permit request has been filed for a downtown project. But unlike the recent demolitions of two well-known downtown buildings - the former Andover Bookstore and Learning Express buildings - this latest request has a unique twist.

Having a long, healthy life is a wonderful thing. Americans are living longer than ever before. Life expectancy has increased dramatically in the last few decades as a result of major advances in science, technology, and medicine. An individual’s life expectancy is his or her median lifespan…

Just in time for the summer, a new ice cream store is soon to open on Park Street.

“Surprise! The returns reported by mutual funds are not actually earned by mutual fund investors.” This is how John Bogle, founder of Vanguard Mutual Funds begins the chapter titled The Grand Illusion in his 2007 book, The Little Book of Common Sense Investing. The “grand illusion” Bogle is …

38 Argilla Road: Michael and Emily K. Gastaldo to Daniel J. and Tanja C. King, $691,000

When it comes to financial affairs, there are two schools of thought: Traditional financial theory and behavioral finance. Traditional financial theory assumes that people make decisions by gathering all relevant data and possess the skills to process this information in a rational, unemotio…

Achieve TMS East, Massachusetts’ largest provider of deep TMS therapy for the treatment of depression and OCD, recently announced the opening of its newest center in Andover.

Research on healthy aging supports the notion that the happiest retirees are those who have sufficient financial resources to support their lifestyle, strong social connections and perhaps most importantly, a sense of purpose. We have discussed the first two aspects in previous articles. Now…

Understanding the financial implications of retirement before you exit the workforce is not an option, but a necessity. Establishing a clear picture of your financial situation requires a thoughtful analysis of projected expenses, retirement income from Social Security and other sources (e.g…

Propelled by sweeping demographic, economic, and lifestyle changes, retirement in America is experiencing a transformational shift. Starting with the “baby boomer” cohort (those born between 1946 and 1964), more workers plan to delay retirement past the traditional age of 65. Financial facto…

In last week’s article, I talked about the decision facing older workers fortunate enough to have an old-fashion pension waiting for them when they retire…how to take their pension benefit. Should it be a lifetime stream of checks (annuity) for as long as they (and if they choose, their spou…

Old fashion employer-sponsored pensions, technically known as “defined benefit pensions,” have been an important source of retirement income for decades. For retirees, they often make the difference between a comfortable lifestyle and just getting by. While they are on the decline, there are…

Just under two months into her new job as the director of business, arts, and cultural development, Ann Ormond completed her newsletter database that included contacts for every business owner in Andover.

One of the most important sets of financial choices people make in their lives is planning for their retirement. The quality of their decisions about how much to save and how to invest will largely determine whether they can realize the retirement lifestyle they want. While some people save …

For most Americans a home mortgage is their most significant financial liability and paying it off is a high priority. Those fortunate enough to have savings or income beyond what is needed to pay living expenses should consider the financial and psychological benefits of paying the balance …

As baby boomers leave the workforce, they are faced with a big decision: what to do with their employer retirement plans. For many, these accounts comprise the bulk of their savings.

One of the most important sets of financial choices people make in their lives is planning for their retirement. The quality of their decisions about how much to save and how to invest will largely determine whether they can realize the retirement lifestyle they want. While some people save …

This Week's Circulars