Fairport Asset Management Corp. (FAMC) is a Registered Investment Advisor regulated by the Connecticut Department of Banking. For over 30 years, Fairport has provided investors with financial planning and investment advice, particularly regarding their retirement. FAMC is a fiduciary.
We have an ethical and legal obligation to always act in the best interest of clients and to provide full disclosure regarding our products, services, and compensation.Fairport Financial, LLC (FF) administers the life insurance, health insurance, long-term care insurance, and fixed annuity products represented by Fairport's licensed insurance professionals.
We have an ethical and legal obligation to always act in the best interest of clients and to provide full disclosure regarding our products, services, and compensation.Fairport Financial, LLC (FF) administers the life insurance, health insurance, long-term care insurance, and fixed annuity products represented by Fairport's licensed insurance professionals.
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In a 2018 Charles Schwab Survey, nearly 40% of 401(k) participants expressed interest in receiving specific advice on how to invest their 401(k) plans. Are you overwhelmed by the volume of 401(k) information, most of it now only accessible online? Do you find that your plan's mutual fund choices include confusing investment terms and fund names?
Fairport advises investors regarding allocations in their 401(k), IRA, and other investment accounts. We update and convey this advice quarterly (or more often in volatile markets) to investors who then execute reallocations directly with their plan provider or custodian - either by telephone or online.
Many people are not aware that if both spouses are receiving Social Security, the smaller of the two benefits is discontinued when one spouse passes away. Although the larger benefit is retained by the surviving spouse, this loss of income can be devastating to the household - especially to wives who typically outlive their husbands by an average of more than 12 years.
A key objective for many retirees is obtaining additional guaranteed lifetime income that covers the difference between projected living expenses and other sources of guaranteed lifetime income such as Social Security or a pension. Every year, thousands of investors purchase annuities for the purpose of filling this income gap.
Long-term care expenses threaten all of us. The average cost of a private room in a nursing home in Connecticut is currently about $167,000 per year. If costs continue to rise at a rate of 3% per year, this expense will increase to $350,000 per year in 25 years. Home care and assisted living are also increasingly expensive.
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Daniel Mac Dougall
Dec 25, 2021
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