Trombley Wealth Management

08/08/2026

"How are we doing? Will we have enough for retirement?"

It's probably the most common question we hear.

Many people think the answer starts with how much they've saved.

It doesn't.

It starts with a few simple questions:

• How much do you spend today?
• How much do you expect to spend in retirement?
• After taxes, will your retirement income be enough to cover those expenses?

If the answer is yes, you're likely in a much stronger position than you realize.

Retirement planning isn't about reaching a magic dollar amount. It's about creating enough after-tax income to support the lifestyle you want to live.

Knowing your numbers—and having a plan—is often the clearest way to answer the question, "Are we going to be okay?"

08/05/2026

Did you know?

Knowing your passwords doesn't automatically give your family the legal right to access your online accounts after you're gone.

Email, photos, cloud storage, social media, and even financial accounts may have their own rules about who can access them, regardless of whether someone knows your login information.

As part of your estate plan, consider naming a digital executor (or including digital asset instructions in your estate documents) and keeping a secure record of your important accounts, passwords, and wishes.

Your digital life is part of your legacy. A little planning today can make things much easier for your loved ones tomorrow.

08/01/2026

☂️ Most people spend decades building their wealth. Far fewer spend time thinking about how to protect it.

One overlooked tool is an umbrella insurance policy.

If you're ever found liable for a serious accident or lawsuit, your home and auto insurance have coverage limits. An umbrella policy provides an additional layer of liability protection—often $1 million or more—helping protect the assets you've worked so hard to build.

Whether you have a teenage driver, own a rental property, entertain guests at your home, or simply have accumulated assets over the years, it's worth reviewing whether your current coverage is enough.

A simple conversation with your insurance professional today could prevent a much bigger problem tomorrow.

07/29/2026

True or False: A grandparent-owned 529 plan hurts a grandchild's financial aid eligibility.

❌ False. That rule changed.

Beginning with the updated FAFSA rules, distributions from a grandparent-owned 529 plan no longer count as student income. That means grandparents can help pay for college without reducing a student's financial aid eligibility the way they once did.

Before tuition bills arrive, it may be worth reviewing:
✔️ Which 529 account to use first
✔️ Whether a grandparent-owned 529 now fits your family's strategy
✔️ Beneficiary updates if college plans have changed

As always, every family's situation is different, so it's a good idea to discuss your options with us and your tax professionals.

07/26/2026

07/22/2026

ERC5 family! 💪🏼

07/21/2026

Why Not You?

A few months ago, many people had written off the Red Sox.

Now? They're one of the hottest teams in baseball. Including winning 14 games in a row!

Investing can feel the same way. There will be stretches that test your patience, but markets—and plans—can change quickly.

That's why keeping your long-term goals in mind is usually more important than reacting to short-term results.

07/20/2026

Trump Accounts officially opened on July 4. Here are a few common questions:

👶 Who gets the $1,000?
U.S. citizen children born between 2025 and 2028 qualify for a one-time $1,000 federal contribution.

💰 Is there an income limit?
No. Eligibility is based on the child's birth date and citizenship—not family income.

📈 Can older children have an account?
Yes. Any U.S. citizen under 18 can have one, but they won't receive the $1,000 unless they were born between 2025 and 2028.

👨‍👩‍👧 Can grandparents contribute?
Yes. Family members can contribute up to $5,000 per year combined.

⚠️ Anything to watch out for?
Some states have different tax rules, so it's important to understand how this fits into your overall financial plan.

As with any new savings opportunity, it's worth discussing how a Trump Account fits alongside your existing education and investment strategies.

A Trump Account is a type of traditional IRA account established under IRC §530A. Any U.S. child under 18 with a Social Security number is eligible to open a Trump Account. The account is held in the child’s name, with a parent or guardian serving as custodian until the child reaches age 18.