Rick Fingerman

CFP® , CDFA® , CFS® , CCFS®
Personal Finance, Retirement, Investing
93%
Helpful
135
Answers
1
Articles
15
Followers
“Rick is a fee based Certified Financial Planner practitioner that has been helping folks make more intelligent decisions with their money for over 28 years.”
Firm:

Financial Planning Solutions, LLC

Job Title:

Managing Partner

Biography:

Rick Fingerman is managing partner and co-founder of Financial Planning Solutions, LLC, an independent financial planning and Registered Investment Advisor located in Newton, MA. He has over 25 years’ experience helping people make intelligent decisions with their money. 

Rick specializes in helping clients plan for retirement, create a proper investment plan, save for college, and protect their assets from a catastrophe. He also has expertise in financial issues specific to women and women in transition. He believes having a good financial plan that addresses one's goals and concerns, can make all the difference in the world.

Rick currently holds the CERTIFIED FINANCIAL PLANNER™ designation as well as the Certified Divorce Financial Analyst™ professional designation from IDFA™. For those in the unfortunate position of going through a divorce, Rick can be instrumental in helping them determine a fair division of marital assets.

Rick is an active member of the Financial Planning Association of MA where he is a past President and Chairman. Currently, he holds the position of Liaison to the Financial Coaching Program with Dana Farber Cancer Institute in Boston. This program provides pro bono financial planning to cancer patients and their families. You can watch a short video on this program under the Client Center tab on the home page.

Rick has been quoted in several national publications such as the Wall Street Journal, The Boston Globe, The Chicago Tribune, and CNBC MarketWatch. Furthermore, Rick has been granted several awards throughout his career such as the Boston Five Star Professional Wealth Manager Award in 2013, 2015, and 2016 as well as other prominent awards for financial planning and work with Pro Bono and charitable organizations.

Rick lives in Lynnfield, MA with his wife and stepdaughter. He is also the proud father of a grown daughter and son from a previous marriage. His interests include spending time with his family, performing stand-up comedy, woodworking, hiking, exercise, and nutrition.

Assets Under Management:

$100 million

Fee Structure:

Fee-Based

CRD Number:

1976526

Disclaimer:

Financial Planning Solutions, LLC (FPS) is a Registered Investment Advisor. Financial Planning Solutions, LLC (FPS) is providing general information for educational purposes only.  This should not be considered specific investment, tax, or legal advice. FPS only renders personalized advice to each client. Information herein includes opinions and source information that is believed to be reliable. However, such information may not be independently verified by FPS.

Videos
  • Meet Rick Fingerman, CFP®
All Articles
Sort By:
Most Helpful
September 2016

All Answers
Sort By:
Most Helpful
    IRAs, Taxes
What are the tax implications of after-tax contributions to an IRA?
100% of people found this answer helpful

If you are unable to contribute to a deductible IRA I suggest first looking into a Roth IRA. Neither non-deductible IRA's or Roth IRA's are deductible BUT the Roth allows some advantages such as tax FREE growth (assuming certain rules are met).

Making non-deductible IRA contributions do not allow for a deduction but should be reported on IRS form 8606 and contributions should not be commingled with any deductible IRA accounts. Keeping this separate helps ensure you will only pay taxes on the gains in the account vs. the whole amount when you take distributions.

September 2016
    Estate Planning, Real Estate
How do I report my estate distribution?
100% of people found this answer helpful
September 2016
    Marriage / Divorce, Real Estate
What are the ramifications of leaving a home that has equity in it?
100% of people found this answer helpful
September 2016
    401(k), Stocks
How can I protect my company stock gains within my 401(k)?
100% of people found this answer helpful
August 2016
    IRAs, Taxes
What are the implications of my client's status?
100% of people found this answer helpful
August 2016