Michael Callahan

Michael J Callahan, CPA, CFP®, MST has been involved in personal financial planning, as well as both business and individual taxation for more than 15 years. Our ideas about money are formed by our life experiences. Over the years, Mike has seen those close to him make common money mistakes from not having enough life insurance, to not doing the proper estate planning. When he received an inheritance in college and started looking into how he could use it to achieve his goals, he realized that he could use those experiences to help others. He changed his major to Finance, and the rest is history.

3 min read

Strategic Asset Allocation: What It Means, and More FAQs

Picture of Michael Callahan Michael Callahan: Sep 27, 2024

Strategic asset allocation is a commoninvestment strategyadvisors use to help clients maintain their preferred mix of assets in their portfolios. While the concept might sound simple, deciding how to allocate your investment capital can get...

Wealth Management
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Understanding the impact of economic trends can help investors make thoughtful and strategic investment decisions. A couple relaxes in the forest, sitting on a fallen tree trunk.

3 min read

The Impact of Economic Trends on Investment Opportunities

Picture of Michael Callahan Michael Callahan: May 30, 2024

A sound investment strategy should be flexible because the economy is constantly in flux. Economic...

Investing
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6 min read

Choosing a Bar Mitzvah Gift Amount and Other Money Questions from Young People

Picture of Michael Callahan Michael Callahan: Jan 31, 2024

Are you headed to a bar mitzvah or bat mitzvah and wondering about the appropriate bar mitzvah gift...

Financial Planning
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A mother and father smile and walk behind a young child learning to ride a bicycle. Families, business and individuals may benefit from the 2024 Massachusetts tax relief law.

1 min read

Meaningful Massachusetts Tax Relief in 2024

Picture of Michael Callahan Michael Callahan: Oct 12, 2023

The recently passed tax relief and reform package in Massachusetts is worth $1 billion and is...

Accounting and Tax
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An HSA, or healthcare savings account, can be a valuable tool to grow wealth and afford medical care in retirement.

4 min read

Are You Taking Full Advantage of an HSA as a Retirement Saving Tool?

Picture of Michael Callahan Michael Callahan: Aug 17, 2023

Health savings accounts are prized by many for their short-term benefits. HSA contributions are...

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4 min read

5 Reasons Tax Planning is Integral to Investment Planning

Picture of Michael Callahan Michael Callahan: Oct 17, 2022

Taxes and investing are inextricably tied, so tax planning and investment planning should also go...

Financial Planning
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4 min read

Types of Distributions to Make Before the End of the Year

Picture of Michael Callahan Michael Callahan: Sep 20, 2022

As we move into the final quarter of the calendar year, financial planners are fielding all kinds...

Financial Planning
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4 min read

Do I Need That? Insurance Answers for Young Professionals

Picture of Michael Callahan Michael Callahan: Aug 26, 2022

An open road of possibilities stretches out in front of today’s young professionals. It’s exciting...

Insurance
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4 min read

The Impact of Aging Parents on Your Retirement Planning

Picture of Michael Callahan Michael Callahan: Mar 07, 2022

Comprehensive estate planning and retirement planning can help you plan for any number of...

Estate Planning
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3 min read

Social Security and Marital Status: How it Affects Benefits

Picture of Michael Callahan Michael Callahan: Feb 23, 2022

Whether you’re currently married, divorced or widowed, your marital status may affect your Social...

Social Security
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