Lucas Noble - Tumblr

A North Andover, Massachusetts-based wealth management professional with extensive experience, Lucas “Luke” Noble received a BS in finance from Salem State University in 2005. Since then, he has obtained Series 6, 7, and 63 licenses and completed several advanced courses at American College. In addition to earning an advanced degree in financial planning from the school, Lucas Noble completed its Accredited Estate Planner, Chartered Adviser for Senior Living, Chartered Financial Consultant, and Certified Financial Planner courses. Luke Noble began his career as a project management consultant in 2001, and after receiving his BS, he began working as an investment adviser representative at MetLife Securities. He worked four years in this capacity before launching Noble Financial Group, LLC, in 2010. He serves as CEO of the fee-based financial planning firm and manages more than $300 million in client assets. In addition to his professional endeavors, he is a former elected member of the Massachusetts State Committee and member of Yankee Networkers BNI. He presently serves on the Board of Gifts That Matter and enjoys training for and participating in Spartan Race events in his free time.

[lucasnoble]

How Gifts that Matter Helps Children in Need

As the founder and owner of Noble Financial Group, LLC, Lucas “Luke” Noble provides estate and financial planning services to clients in Nor

[lucasnoble]

How Roth IRA Savings Accounts Can Benefit One’s Kids

Based in North Andover, Massachusetts, Lucas “Luke” Noble delivers a host of financial advisory services through the Noble Financial Group.

[lucasnoble]

Gifts that Matter’s Gifting Program for Families in Need

A North Andover, Massachusetts resident, Lucas “Luke” Noble is an experienced financial and investment management advisor. Away from work…

[lucasnoble]

What the Children Get under Massachusetts’ Intestate Succession Law

​An experienced financial planner from North Andover, Massachusetts, Lucas “Luke” Noble owns and serves as CEO of Noble Financial Group in N

[lucasnoble]

What Is an Accredited Estate Planner?

Lucas “Luke” Noble is the founder and CEO of North Andover company Noble Financial Group, LLC. He provides several services to clients in North Andover, including retirement planning, budget development plans, and fee-based financial planning. Lucas Noble has completed a number of programs at American College, where he studied to become an Accredited Estate Planner (AEP).

An AEP designation denotes that somebody has the expertise required to provide estate planning services. It is not required to provide these services. However, being an AEP gives estate planners a way to differentiate themselves from unaccredited financial professionals, making the designation a valuable indicator of their commitment to the field.

The AEP designation is provided by the National Association of Estate Planners & Councils (NAEPC), though you can study for it at a variety of educational institutions. To receive the designation, a candidate must have at least five years of experience in the accounting, financial planning, legal, insurance, philanthropy, or trust sectors. Furthermore, a third of their career must have been dedicated to estate planning. Applicants must also be a member of a local estate planning council affiliated with the NAEPC, in addition to providing three references from professionals who’ve worked with them in the area of estate planning.

[lucasnoble]

The 401(k) Matching Explained

A North Andover, Massachusetts-based financial professional with nearly two decades of experience in retirement planning, investment management, and tax and estate planning, Lucas "Luke" Noble guides Noble Financial Group, LLC as owner and CEO. Lucas Noble is well-versed in various financial subjects, including 401(k) retirement funds. The 401(k) is designed to help employees build a nest egg for retirement by investing saved funds into carefully chosen asset classes such as target-date funds, index funds, and mutual funds. While employees save certain percentages of their income directly in their 401(k) accounts tax-deferred, employers sometimes facilitate the growth of these accounts by offering 401(k) matching. When an employer offers 401(k) matching, they step in to support the growth of their employees' 401(k) accounts by contributing a percentage of what the employee contributes. The 401(k) matching exists in two types - partial matching and dollar-for-dollar matching. In partial matching, an employer matches up the funds saved by an employee to a specified limit. For instance, if a company provides 60 percent matching for up to four percent of an employee's salary, they agree to pay a maximum of 2.4 percent of their annual salary. For example, John works for an employer that offers the aforementioned matching and earns $80,000 each year. The employer will contribute four percent of $48,000 (60 percent of John's salary). In dollar-for-dollar matching, on the other hand, an employer offers to contribute up to a percentage of an employee's total income. For example, if Mary is hired by an employer that offers up to a 5 percent dollar-for-dollar contribution and earns $60,000 per year, the employer will credit her 401(k) with $3,000 per year. If Mary did not put up to $3,000 in her 401(k) year, the employer would only contribute the exact amount she had put in the account. If Mary saved more than 5 percent of her income in a 401(k), her employer would not pay more than $3,000.

[lucasnoble]

Choosing a Wealth Manager

Based in North Andover, Massachusetts, Lucas "Luke" Noble has a bachelor's degree in finance. Lucas Noble is a certified financial planner and a wealth manager. The most advanced kind of financial adviser service is wealth management. To assist their customers in managing their assets, a wealth manager often develops a custom investing strategy and plan. Wealth managers cater to the ultra-wealthy and may know financial issues that impact them, such as how to avoid the estate tax. They frequently organize services among several professionals on your behalf, such as working with a lawyer or an accountant. When searching for a wealth manager, find out how they are compensated and what credentials or designations they hold. It is a good rule of thumb to work with a fee-only fiduciary, which means they are paid directly by you for their services and not compensated for recommending specific products. They are legally bound to put your needs first if they have a fiduciary duty. Consider working with a certified financial planner, or CFP, if you're a registered investment advisor. CFPs are held to the highest quality of financial planning certification and a fiduciary standard. You may consult with a certified public accountant, or CPA, in addition to a CFP. A CPA can assist you with your tax requirements. Some wealth advising businesses employ CFPs and CPAs who can collaborate to assist you in managing your entire financial picture.

[lucasnoble]

Two Types of Annuities for Retirement

Lucas Luke Noble is the CEO of Noble Financial Group, LLC, based in North Andover, Massachusetts. In this position, North Andover professional Lucas Noble and his staff implement strategies to help their clients manage and grow their wealth in retirement. These strategies include ETFs, mutual funds, bonds, and annuities. Annuities are agreements between individuals and insurance companies. They guarantee income during retirement. Recipients can receive annuities as a lump sum or a series of payments. The insurance company will reimburse you with regular disbursements in the future. Annuities fall into two categories. Fixed Annuities. Fixed annuities disburse a guaranteed and fixed amount. It qualifies for immediate or deferred payment. With fixed annuities, buyers receive a fixed return on their investment. Variable Annuities. In this type of annuity, investors pick mutual funds. These investments make up the investors' portfolios. At retirement, the reimbursement amounts depend on the performance of their portfolio. This type of annuity carries more risk.

[lucasnoble]

Gifts that Matter’s Important Community Work

A resident of North Andover, Massachusetts, Lucas “Luke” Noble serves as CEO of Noble Financial Group. In addition to helping individuals and businesses plan for their financial futures, Lucas Noble gives back to the North Andover community as a board member with the Gifts that Matter charitable organization. Gifts that Matter recognizes that unforeseen events can threaten the stability of children and families in need. Short-term financial assistance and emergency aid can provide access to essential items to prevent a crisis. Gifts that Matter works closely with local social service and educational organizations to identify opportunities where a small gift can have a significant impact. The organization draws on social workers' knowledge with direct contact to provide details about specific family needs. Then, Gifts that Matter efficiently provides need-based items such as furniture, appliances, bedding, and school supplies, to help families function. The organization can also cover costs such as car repair or pay for career training, sports programs, or youth enrichment programs that can improve lives and expand opportunities.

[lucasnoble]

Differences between Fixed and Variable Annuities

Award-winning financial leader Lucas “Luke” Noble of North Andover, Massachusetts, has worked in the finance sector for more than a decade. The CEO and owner of Noble Financial Group, Lucas Noble of North Andover and his team provide businesses and individuals with comprehensive financial planning services, including fixed and variable annuities. Annuities supplement other retirement income, like Social Security and pensions. They provide guaranteed income for life and minimize the risk of people depleting their retirement savings. Annuities are either fixed or variable. Variable annuities involve insurers investing in a mutual fund portfolio that buyers choose. How this portfolio performs determines the funds going into the account. The more growth they have, the larger the payout for the buyer. These types of annuities are ideal for people who are comfortable with some risk and who are already experienced investors. There is a large potential upside to variable annuities, but the returns are less predictable. Fixed annuities, on the other hand, provides buyers with a fixed return on their investment. With these vehicles, the insurance company gives the buyer a specific date and a specific payment amount on that date. The insurer then chooses investments that guarantee these returns. Insurers predominantly make these investments in safe assets, like US Treasury securities. The returns on fixed annuities are not as great as the possible returns on a variable annuity, but they are more predictable and safer, so they work for people with low risk tolerances.

[lucasnoble]

NAIFA Member Connectivity Boosted

Lucas “Luke” Noble is a resident of North Andover, Massachusetts, and serves as owner and CEO of Noble Financial Group, LLC. Working with both individuals and businesses, Lucas Noble and his team offer comprehensive estate and financial planning services. Active in the professional community, Mr. Noble belongs to the National Association of Insurance and Financial Advisors (NAIFA), an organization dedicated to promoting ethical conduct among financial professionals and advocating for the field before legislative and regulatory bodies. As part of its ongoing work to improve its offerings to members, NAIFA completed an educational partnership agreement with WebCE in August 2021. Through this agreement, NAIFA members are given access to CE-based education online. This education is comprehensive and includes everything from content relating to pre-licensing examination preparation for securities and insurance exams to content for company-mandated trainings. With this new partnership, NAIFA members have easier access to the continuing education they need for designations, licensure, and certifications. In addition, WebCE will provide a 1-hour course that focuses on the NAIFA-backed NAIC Annuity Best Interest Standard. This course is available to producers selling annuities, but only if they are in states that have adopted this standard. WebCE will also provide materials and information relevant to insurance and financial professionals through blog posts on NAIFA’s Business Performance and Talent Development Centers. In addition, it will grant members access to discussions about fintech topics at the organization’s virtual conference.

[lucasnoble]

Deciding Whether to Pay off a Mortgage Balance

Working with clients in and around North Andover, Massachusetts, Lucas “Luke” Noble is committed to meeting the financial needs of individuals, businesses, and families. As the owner and CEO of Noble Financial Group, Lucas Noble and his team emphasize strategies to help clients to manage and build wealth in retirement. One aspect that many people fail to fully consider in retirement is the impact of mortgage payments and whether it makes sense to pay off their residential loan before retirement. Opportunity cost is a major factor. If you have $250,000 set aside to pay the remainder of the mortgage and you can earn greater returns than the mortgage interest through judicious investment, then those potential gains may outweigh the benefits of paying the mortgage. At the same time, other debt such as credit card balances, which carry higher interest and don’t allow deductions on taxes, should be paid off before your mortgage. Keep in mind that the mortgage interest deduction can vary. You’ll pay less interest when you’re closer to paying off your loan, and more of your monthly payment goes toward the principal. With monthly personal and medical expenses also a factor, just how much of the mortgage to pay off, and when is a decision best undertaken with an experienced financial advisor.

[lucasnoble]

I published “Past NAIFA Coalition Involvements: ASEC’s Choose to Save Campaign” on @Medium https://ift.tt/2Tt722B

[lucasnoble]

Exchange-traded Funds and Mutual Funds - Similarities and Differences

North Andover, Massachusetts-based Certified Financial Planner Lucas “Luke” Noble serves as the CEO of Noble Financial Group, a comprehensive fee-based financial planning and estate planning firm. Through his company, Lucas Noble helps individuals and businesses prepare for their financial future by advising them on investments in products such as exchange-traded funds (ETFs) and mutual funds. ETFs and mutual funds share many similarities. Both are professionally-managed collections of individuals bonds or stocks purchased through pooled investor money. Because they encompass a mix of different assets, they grant investors an opportunity to diversify their portfolio. This also helps reduce investment risk. When a fund is diversified, one of its investments could be doing poorly while another is going strong. This can lower the risk of overall losses. However, there are plenty of differences between ETFs and mutual funds. One major distinction is how they are managed. ETFs are typically done so passively and automatically track specified market indexes. In contrast, mutual funds are more actively managed through buying and selling stocks in order to reallocate assets and optimize profits. Furthermore, ETFs typically have a higher required minimum investment than mutual funds, are traded throughout the day rather than at the end of it, and often have lower returns.

[lucasnoble]

The Three Main Types of Investments

A resident of North Andover, Massachusetts, Lucas “Luke” Noble serves as the CEO of Noble Financial Group, LLC. Through this fee-based financial planning firm, he and his team work with both individuals and businesses. Lucas Noble of North Andover also manages the investment portfolios of these clients through his company. When it comes to investing, there are three major types of investments that you can look into: lending investments, ownership investments, and cash equivalents. 1. Lending investments: Whenever you give another individual or enterprise money as a loan, you are getting involved with a lending investment. It’s expected that these loans will be paid back, along with a small fee or interest on top of the principal amount. Savings accounts also count as lending investments, along with certificates of deposit. 2. Ownership investments: Gold, real estate, and business investments are all examples of ownership investments since they grant you ownership or partial ownership of a physical asset. Unlike lending investments, which are generally low risk, ownership investments are more volatile depending on the specific investment you make. However, they are more capable of providing you with reasonable passive income. 3. Cash equivalents: These highly liquid investments are easily converted into cash. Such investments are associated with little risk, but they also have lower yields than other investment options. Still, they can constitute a good low-risk portion of a well-diversified portfolio, so you will likely include them in your own holdings.