Michael Maglio Financial Services

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Michael Maglio Financial Services Financial Services
Understanding Today’s Financial Environment Welcome, I’m Michael Maglio, a Financial Planner in Totowa, NJ. Member FINRA & SIPC.

We understand that individuals face unique challenges as they prepare for retirement. We can help take the mystery out of preparing for today and tomorrow. Whether you are investing for retirement, college savings or estate planning, our personalized service focuses on your needs, wants, and financial goals and objectives. Our professionals have years of experience in financial services. We can help you address your needs of today and for many years to come. We look forward to working with you through all stages of your life, please call 973-406-5180. Securities offered through LPL Financial, a Registered Investment Advisor. www.finra.org
www.sipc.org

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, DE, FL, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TX, VA, VT. Third party posts found on this profile do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.

How many years before you are ready to be “retired”?It’s one of the most important numbers yet.TIAA's 2026 longevity lit...
10/26/2026

How many years before you are ready to be “retired”?

It’s one of the most important numbers yet.

TIAA's 2026 longevity literacy research found that workers who expect a shorter retirement save less consistently than those who expect a longer one.

That makes sense, but it also means the people who assume their retirement will be short are the same ones who may be building portfolios with shorter time horizons.

Once someone has already reached 65, the numbers shift.

According to Social Security Administration data:

📌 A 65-year-old man has roughly a 24 percent chance of living past 90

📌 A 65-year-old woman's chances are higher, closer to 35 percent

📌 For a 65-year-old married couple, there is about a 50 percent chance that at least one spouse lives past 90

The practical implication is not "assume you will live to 100."

It’s that a retirement income strategy built around the “average lifespan” often assumes a person will die on schedule. Most people do not.

If retirement is on your horizon, the question to ask is, "What happens to my income strategy if I live to 95?"

Monday With Michael: Equipment, hiring, training, and expansion can affect cash flow and long-term goals. Evaluate major...
10/26/2026

Monday With Michael: Equipment, hiring, training, and expansion can affect cash flow and long-term goals. Evaluate major investments within the full financial picture at https://www.michaelmaglio.com/

Friday Fact: Specific, measurable, achievable, relevant, and time-bound goals can make progress easier to evaluate. Put ...
10/23/2026

Friday Fact: Specific, measurable, achievable, relevant, and time-bound goals can make progress easier to evaluate. Put structure behind next year's priorities at https://www.michaelmaglio.com/

Trust & Will's 2026 Estate Planning Report found that 56 percent of adults don't have core documents in place, including...
10/22/2026

Trust & Will's 2026 Estate Planning Report found that 56 percent of adults don't have core documents in place, including:

📝 A will: who gets what, and who is in charge of making it happen

🏥 A healthcare directive (or living will): what you want if you cannot speak for yourself

✍️ Two powers of attorney, one for medical decisions and one for financial decisions, each naming a specific person

📄 A letter of instruction: the practical map to where accounts live, who your professionals are, and what your kids or pets need

The friction is that estate work forces a family to sit with mortality, name specific people for specific roles, and make decisions that feel too permanent to rush.

Without something in writing, though, families are left improvising during one of the most difficult moments of their lives.

Most say they fully intend to get to it, but too many put it off until it's too late.

Don't put it off. Talk to a financial professional who can help.

A: Before the year ends. Building a budget around measurable goals may help connect planned spending with priorities, ca...
10/22/2026

A: Before the year ends. Building a budget around measurable goals may help connect planned spending with priorities, cash flow, and growth decisions. Plan ahead at https://www.michaelmaglio.com/

What happens to your cash flow when you stop earning a paycheck?The 2026 EBRI Retirement Confidence Survey caught someth...
10/19/2026

What happens to your cash flow when you stop earning a paycheck?

The 2026 EBRI Retirement Confidence Survey caught something interesting about that shift.

📊 Among workers, 33 percent say they turn to a financial professional for guidance.

📊 Among retirees, that number climbs to nearly 40 percent.

National Retirement Security Week (October 19–25 this year) is a reminder to check whether your strategy is evolving with your lifestyle priorities.

If retirement is within a few years, the practical step is not rebuilding the strategy today.

It's identifying the two or three moving pieces that are no longer theoretical, the day you stop working, and consider working with a financial professional who can help guide you.

Monday With Michael: Review balances, rates, terms, and how each obligation supports the business. A deliberate strategy...
10/19/2026

Monday With Michael: Review balances, rates, terms, and how each obligation supports the business. A deliberate strategy may improve future flexibility. Continue the conversation at https://www.michaelmaglio.com/

Fidelity's 2025 wealth transfer study found that roughly 67 percent of parents age 55 and older have never told their ad...
10/16/2026

Fidelity's 2025 wealth transfer study found that roughly 67 percent of parents age 55 and older have never told their adult children what they will inherit, or whether they will inherit anything at all.

About 33 percent would prefer the kids are kept in the dark about the amount.

Their reasons should feel familiar:
✔️ Worry that a specific number will dampen a child's drive
✔️ Discomfort talking about money at all

The same study found:

Most adult children say they are ready to handle whatever they inherit and would rather shape things while their parents are still around to explain the "why" behind decisions.

Families who have inheritance strategies share some similar habits:

💬 Kids know who the financial professionals are and how to reach them
💬 Everyone knows where the estate documents are
💬 They try to manage any surprises well ahead of time

So, do you tell your children or not?

There's no single right answer here.

Sharing exact numbers isn't necessary, but most families find that a broad discussion can help with priorities and expectations.

Fact: Sales are only one measure. Cash flow, margins, debt, expenses, and reserves may tell a different story. Take a br...
10/16/2026

Fact: Sales are only one measure. Cash flow, margins, debt, expenses, and reserves may tell a different story. Take a broader view of your business finances at https://www.michaelmaglio.com/

The 3.6% cost-of-living adjustment for 2027 will give Social Security beneficiaries the largest benefit increase since 2...
10/15/2026

The 3.6% cost-of-living adjustment for 2027 will give Social Security beneficiaries the largest benefit increase since 2023.

Address

999 Riverview Drive, Ste 201
Totowa, NJ
07512

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+19734065180

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