Does the 4% Withdrawal Rule Still Apply?
“We have never felt that the standard 4% withdrawal rule was particularly relevant,” says Jill Fopiano, president and CEO at O’Brien Wealth Partners in Boston.
“Each person’s situation is unique in terms of their assets, income and expenses, never mind their life expectancy and goals,” she says. “Layer different market environments on top of this, and it’s overly simplistic to calculate one percentage that applies to everyone. You’re far better off having a cash flow plan that factors in your own specific information.”
Here’s what to know about tapping your retirement savings if you lose your job due to coronavirus
“While it is usually best not to touch your retirement funds, the pandemic and its impact on jobs and the economy have really hurt some who don’t have a sufficient rainy day fund,” Jill Fopiano, CEO of Boston-based O’Brien Wealth Partners, tells CNBC Make It. “The current situation might justify tapping retirement savings as a last resort.”
Hand-holding in the pandemic: Wealth managers grapple with new reality
During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o’clock in the morning, maybe 4 o’clock. She’d been watching news of a virus in China, first out the corner of her eye – was this like swine flu? – then more squarely, as headlines rushed in about outbreaks on the west coast of America. Fopiano wondered, in the darkness, if she should shut down her office in Boston’s upscale Back Bay neighborhood.
Quarterly Client Letter – Q1 2020
Coronavirus. Social distancing. Containment. Pandemic. With hindsight it is remarkable that none of these words were part of our regular lexicon when 2020 began. So much has changed in such a short period that it feels almost impossible to summarize it – not only what happened last quarter, but also where we think may go from here – in just one investment letter. Nevertheless, we will give it our best shot.
Welcome to your first bear market. Here’s what it means
The current bull market is the longest on record. Millions of young investors have never known anything but a bull market. Jill Fopiano, CEO of O’Brien Wealth Partners, shares her knowledge about bear markets.
What to do if you can’t make your rent or mortgage payments because of the coronavirus pandemic
Millions of U.S. households are expected to face financial burdens in the wake of the coronavirus pandemic. In this CNBC article, O’Brien Wealth Partners CEO, Jill Fopiano, shares her advice.
In choppy market, advisers tell investors in or near retirement to stand pat
Senior adviser Lis Zimmerman shares her thoughts in this article about retirees and concerns during volatile markets. Read more in the article by Robert Weisman for The Boston Globe.
Quarterly Client Letter – Q4 2019
Dear O’Brien Wealth Partners Investor, The holiday season brings with it time for reflection. As we pause to express our appreciation for our colleagues and our clients, and to gather with family and friends, we also take time to look back on what 2019 meant for financial markets and ponder what may come in 2020.