AOL Features Michael Boggiano on Retirement Missteps to Avoid
In an AOL article outlining eight mistakes that can trip up even well-prepared retirees, Michael Boggiano of Wealthcare offers valuable guidance for staying on track in retirement. Boggiano stresses that some retirees overlook the rising costs of healthcare and don’t factor in how those expenses can impact their long-term savings. He also calls out the importance of planning for cognitive decline, explaining that without clear financial safeguards, retirees may be exposed to avoidable risks. Additionally, he cautions against using a one-size-fits-all withdrawal strategy. Markets change, and Boggiano encourages retirees to revisit and revise their approach to withdrawals to help […]
Michael Boggiano Shares Key Retirement Planning Insights in Yahoo! Finance UK
In a recent Yahoo! Finance UK article, Michael Boggiano of Wealthcare weighs in on some of the most common and costly mistakes even well-prepared retirees can make. He highlights the risk of underestimating healthcare expenses, which can accumulate significantly over the course of retirement. Boggiano also brings attention to an often-overlooked issue: cognitive decline. Without proper safeguards in place, retirees may be more vulnerable to financial errors or even fraud later in life. Another insight he offers is the danger of sticking to a fixed withdrawal strategy regardless of market conditions. Adjusting your approach as the economic landscape shifts, […]
Common Retirement Pitfalls: Wealthcare’s Michael Boggiano Featured in GoBankingRates
GoBankingRates recently published an eye-opening article highlighting eight mistakes that even well-prepared retirees can make, especially surprising ones like underestimating healthcare costs or failing to adjust withdrawal strategies as circumstances change. Wealthcare’s Managing Partner, Michael Boggiano, is quoted several times sharing his real-world observations. He notes that some retirees “underestimate the financial impact of significant healthcare costs … Some of these out-of-pocket expenses can add up to hundreds of thousands of dollars over the course of one’s retirement.” and warns about risks beyond medical bills, such as cognitive decline: “a lot of retirees don’t account for their cognitive decline… […]
AskWealthcare Quoted in Nurse-Focused Retirement Planning Guide
Wealthcare’s educational platform, AskWealthcare, was featured in a recent article from Fuchs Financial titled “Retirement Planning Guide for Nurses in Connecticut.” The guide offers in-depth strategies for nurses navigating pension plans, 403(b) and 401(k) accounts, and Social Security benefits. In the piece, AskWealthcare is quoted on a foundational aspect of retirement planning: “The first step for a nurse in retirement planning is determining how much they will need. This can be done by estimating living expenses and factoring in additional costs such as healthcare and travel.” The quote reinforces the article’s broader focus on building a personalized, realistic plan […]
AOL Features Michael Boggiano’s Guide to Stimulus Check Budgeting
In a recent AOL article, Michael Boggiano, Managing Partner at Wealthcare, shares his practical take on turning a stimulus check into a financial opportunity. Rather than viewing it as “free money,” Boggiano suggests a smart allocation using the familiar 50/30/20 budgeting framework. He advises readers to dedicate roughly half of the check to essential expenses like rent and bills, allocate 30% toward strengthening their financial foundation through saving or retirement, and reserve the remaining 20% for discretionary spending. His key reminder? “Prioritize what will give you the most financial security and peace of mind,” ensuring the approach remains personalized […]
Budgeting a Stimulus Check: Michael Boggiano Guides GOBankingRates Readers
In a GOBankingRates article titled “The Best Budgeting Method for a Stimulus Check, According to Experts,” Wealthcare’s Michael Boggiano lays out a smart three-part approach using the 50/30/20 rule. He explains: 50% of the stimulus check should cover essential expenses like rent, utilities, groceries, or bills. 30% should go toward building financial stability—whether that’s boosting an emergency fund or investing in retirement. 20% is for discretionary or “joy” spending, such as treating yourself or supporting local businesses. Boggiano reminds readers that this is a guideline, not a one-size-fits-all rule. “Remember, this is a guideline, not a rulebook… Prioritize what […]
Michael Boggiano on Making the Most of a Stimulus Check – Featured on MSN
In a MSN feature originally published by GOBankingRates, Michael Boggiano of Wealthcare shares practical advice on how to handle a stimulus check with purpose. Rather than viewing it as “extra” money, Boggiano encourages individuals to think strategically about how those funds can improve their financial picture. He recommends dividing the check between essentials, long-term goals like savings or retirement, and a portion for discretionary spending. Boggiano also reminds readers that this isn’t a rigid formula; what matters most is prioritizing what offers the greatest financial relief and long-term benefit. His perspective helps bring structure and clarity to a financial […]
Understanding 401(k)s: Wealthcare’s Advice Featured on Augsburg University Career Blog
As part of a career development resource for students and young professionals, Augsburg University shared The Muse’s comprehensive guide to 401(k) plans, featuring insights from Michael Boggiano, Managing Partner at Wealthcare. The article covers what 401(k)s are, how they work, and how to manage them effectively. Boggiano provides clarity on how investors can log in to review and adjust allocations and encourages a long-term mindset when markets fluctuate. His guidance helps newer investors understand what steps they can take without overreacting to short-term volatility. This repost extends valuable financial planning insight to those early in their careers, reinforcing the […]
Breaking Down 401(k)s: Wealthcare’s Michael Boggiano Offers Clarity
In a helpful guide titled “What Is a 401(k)? Everything You’ve Been Wondering, Explained,” on The Muse, Wealthcare’s Managing Partner Michael Boggiano helps demystify how 401(k) plans work and how to manage them effectively. Boggiano walks readers through practical steps like logging into your 401(k) account to adjust investment options or reallocating assets over time—highlighting that the process “depends on the plan provider,” but is generally manageable via your online portal. He also underscores two key points: Adapting during market shifts: Boggiano recommends staying the course during stock sell-offs, noting that unless you’re nearing retirement, it’s normal for portfolios […]
Wealthcare Shares Inflation Insights in Yahoo! Finance
Shaun Tarzy, Managing Partner at Wealthcare, was recently featured in a Yahoo! Finance feature where he weighs in on how inflation is reshaping retirement expectations for younger generations. With the cost of living on the rise, the article explores why millennials and Gen Z may need to target higher savings, potentially up to $3 million, to retire comfortably. Tarzy emphasizes that while $3 million is a reasonable upper-end estimate, each person’s needs will depend on their income and lifestyle. He also shares that Wealthcare’s internal research shows many clients contribute around $500 per month toward retirement, raising the question […]
