Financial Planning experts host forum at WNEU

SPRINGFIELD, Mass. (WWLP) – Close to one hundred people attended at an “estate and asset planning” forum at Western New England University Wednesday night.

They were there to learn how to make a financial plan, recognize the limitations of government programs and to protect their financial futures.

Instructors pointed out ways best protect your estate, and to distribute your assets during your retirement and after your death to ensure your family is cared for.

Springfield Estate and Elder Attorney Albert Gordon told 22News there are many myths attached to retirement planning and government programs.

“Many people come here thinking that medicare pays for all their medical costs, and unfortunately, that’s simply not true.  And if they have na IRA, making a mistake in how they take the money can have very serious financial consequences from a tax standpoint,”  said Gordon.

Attorney Gordon told 22News that there are some financial planning moves you can make on your own, but other, more complicated techniques require the help of a tax professional or estate attorney.

This was Western New England’s 11th annual Estate and Asset Protection Forum. Attorney Gordon said their 97 slots filled up quickly, and they actually had to turn people away this year.

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