Serving individuals, families, and business owners, our financial professionals at Hemenway Financial Services seek to identify a client’s entire financial picture, including where they are today and where they want to be tomorrow. Our goal is to develop strategies that may suit their unique needs and determine appropriate ways to minimize taxes.
Our financial services include:
We seek to help clients build and protect their wealth while minimizing taxes. We work closely with clients to implement and regularly manage a strategy that complements their unique financial objectives.
Many of our clients planning for retirement are focused on preserving their wealth and creating a consistent income stream that lasts through retirement. With this in mind, we develop conservative strategies with a focus on risk management. We seek to identify opportunities for building a consistent income that will last through retirement and help clients determine when they may be able to retire. We can also offer clients advice and education on Social Security (including how to claim and maximize their benefits), long-term care insurance, and other complex financial elements of retirement.
Preserving assets and transferring an estate to family members and heirs can be complicated and confusing. Regardless of the size of your estate, it is important to plan what will happen to it eventually. We can help you articulate your estate planning needs and wishes to develop a strategy that works for you and your family, as well as coordinate the work of other professionals who may be involved, such as an attorney.
A major concern among families is determining how they will pay for their children’s college expenses while balancing their retirement planning. We can help you evaluate funding and savings options (such as 529 Plans or education trusts), and create an education strategy tailored to your wishes.
Cash Flow Analysis & Debt Management
Many young clients are concerned with growing their family and careers while paying off debt. We can assist with debt analysis, consolidation, and budgeting. We discuss debt management tactics that seek to improve your cash flow, which may include refinancing, consolidation, or changes in tax withholding.
There are a number of different insurance options available, and it can be confusing determining which policies are most appropriate for an individual and their family. We can help educate clients on insurance options, including life, disability, and long-term care.
Joe Hemenway (LPL Financial Advisor) – Joe@hemenwayassociates.org
Kathryn Hemenway McDonnell ( LPL Operations Manager) – Kathryn@hemenwayassociates.org