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In our last article, we talked about how the increase in life expectancy presents a significant financial challenge for most retirees. In simple terms, the longer we expect to live, the more money it will cost to fund our retirement. The evidence suggests that most Americans are not are prep…

Portfolio rebalancing is an effective risk control strategy that should occupy a leading role in the management of every investor’s portfolio. Large institutional investors such as university endowments religiously rebalance their portfolios to bring allocations back in line with their origi…

In a recent article, I introduced the fields of classical and behavioral economics and finance. Classical finance assumes people make financial decisions in computer-like fashion — rationally and unemotionally. Behavioral finance which combines the study of economics and psychology argues th…

Underpinning the field of traditional finance is the assumption that people, when faced with financial decisions, act like computers. They weigh all the available information, calculate the option that maximizes their interests and unemotionally implement their decision.

Last week we talked about behavioral finance. This relatively new field has been attracting the attention of mainstream investors over the last 20 years. Behavioral finance is the area of economics that studies how the financial decisions we make are influenced by factors beyond a purely log…

Faced with no raises, increased health care costs and loss of vacation time and pensions, unionized Stop & Shop workers walked off the job early Thursday afternoon forcing the grocery stores to close.

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For Danny Azzarello, nothing beats hearing the sound of an egg cracking as you walk downstairs in the morning for breakfast. He loves it so much, he decided to base his restaurant off it, allowing each of his customers to hear the sound as they walk through the doors for a bite to eat.

Reading Cooperative Bank recently announced a grant of $20,000 to Andover Senior Community Friends (ASCF) to help renovate the Andover Senior Center. The newly designed cafe in the Center will be named the Reading Cooperative Bank Café.

The decision to retire is life-changing. As exciting as it is to start a new chapter, this decision also involves making difficult tradeoffs, some of which are irreversible and have uncertain consequences. It’s understandable that for many people, the process is fraught with emotion and anxi…

Achieve TMS East, Massachusetts’ largest provider of deep TMS therapy for the treatment of depression and OCD, is opening an office in Dundee Park and the public is welcome to the open house.

Helping your children pay for college is one of the biggest and most important challenges that you will face. Currently, a four-year education (tuition, fees, room and board, supplies and personal expenses) can range from almost $100,000 at a public college to over $230,000 at some of the mo…

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During the last shopping weekend before Christmas, local businesses and restaurants in Andover earned about $140,000 from a weekend shopping promotion, according to a press release from town officials.

Investors, especially retirees, often use their portfolios to generate income. With bond yields and interest rates on CDs and money markets at record lows, these investors are searching for alternatives to meet their income objectives. Spurred by the headlines in some of the popular consumer…

After a four-month closure that included converting its gas service to electricity, McDonald's on North Main Street finally reopened last week and nobody is more thrilled than owner Carissa Haley.

Investing your savings to achieve your retirement goals may seem like a daunting task. It doesn’t have to be. A well-designed portfolio is an important element for achieving a secure retirement. Although this portfolio will be different for each of you depending upon your individual circumst…

Planning for retirement is perhaps the most pressing financial issue facing most Americans in their 40s, 50s and 60s today. Although most people believe that realizing a secure retirement is their most important financial priority, few have taken the steps necessary to reach this goal. Perha…

Several local eateries appear to be among the dozens of Papa Gino’s pizzerias and D’Angelo’s sandwich shops across New England that were abruptly closed over the weekend.

On Oct. 11, approximately 150 people attended the grand opening celebration of Bridges by EPOCH Memory Care Assisted Living at Andover, located at 254 Lowell St. Guests included local healthcare professionals, dignitaries, project partners and their invited guests. The evening included a rib…

Portfolio rebalancing is a powerful risk control strategy that should occupy a prominent role in the management of every investor’s portfolio. Large institutional investors such as university endowments religiously rebalance their portfolios to bring allocations back in line with their origi…

Investors, especially retirees, often use their portfolios to generate income. With bond yields and interest rates on CDs and money markets at record lows, these investors are searching for alternatives to meet their income objectives. Spurred by the headlines in some of the popular consumer…

Last week, we discussed specific obstacles that can get in the way of securing a comfortable retirement. In this article, we’ll offer some solutions to help improve the chances of securing a comfortable retirement.

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Andover's annual quest to find Waldo is well underway, and local businesses say children and adults of all ages have been traversing Main Street to find the popular children's book character. 

Taxes take a big bite out of investment earnings. An important goal of successful investing, therefore, is maximizing after-tax returns. This involves both assembling the correct mix of assets and placing them in the right types of accounts. Since different investments and different types of…

Last week, I discussed how simplicity can improve your ability to make better financial decisions and talked about the importance of being properly insured. Let’s continue to talk about life insurance and also examine the role estate planning plays in simplifying your financial affairs.

In our last article, we talked about how simplicity can help you achieve a sense of calm and control not only in your personal life, but in your financial life as well. Let’s continue to discuss how this concept can improve your ability to make better financial decisions.

Clean. Elegant. Simple. These words evoke a sense of calm and control. In fields as diverse as science, product design and business, simplicity is the holy grail for creators and practitioners. Why? Because simple approaches are easier to understand and execute and often yield better results…

Last week, we talked about the financial industries’ endless quest to find a way to develop reliable market forecasts. A fundamentally new way of thinking has evolved from a field far removed from economics or finance and offers a strong argument why those current models are destined to fail.

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A hip, new wine bar on Main Street, stocked with artfully chosen, sustainably farmed wines and sweet acoustics that house the tunes of skilled, live jazz and eclectic musicians is coming to Andover this fall.

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ANDOVER — Thursday evening, as the golden sun light spilled across the stage on Greater Lawrence Technical School’s football field, Dalvin Morel did something that just a year ago, many thought may never happen: he walked across the stage with his own two legs.

Predicting where the stock market is heading has been the holy grail of financial professionals for over a century. Every year investment companies and forecasting firms dedicate enormous sums pitching their prognostications to investors, and it’s easy to understand why: the payoff can be hu…

We face risks in every area of our lives, and the realm of personal finance is no exception. Successfully managing financial risk is key to achieving a comfortable and secure lifestyle. At its core, managing these risks starts with identifying them, determining what could go wrong and how ba…

After four years of selling lots of jeans and accessories to women, Izzy's Emporium owner Jennifer Ginty said she is closing the store at the end of the month.

Portfolio re-balancing is a powerful risk control strategy that should occupy a prominent role in the management of every investor’s portfolio. Large institutional investors such as university endowments religiously re-balance their portfolios to bring allocations back in line with their ori…

This Week's Circulars

Obituaries

Kingston, MA - Richard Guild Hinman, 71 died In Kingston on Wednesday, May 22. He was the son of Robert W. Hinman and Jane Guild, of Andover. He was born September 1, 1947 in Melrose, Mass. He was a graduate of Phillips Academy, Andover and Colby College, Waterville, Maine. He was involved i…