Financial Confidence Is on the Rise, But Financial Stress Still Looms

experian study - financial confidence on the rise

Financial Confidence on the Rise

A newly released personal finance study by Experian shows that people are feeling more optimistic about their financial futures, but their confidence is limited by concerns about funding their retirements and how much debt they are carrying.  Continue reading…

Don’t Let Healthcare Costs Break Your Bank – Advisor Insights With Ira Fateman, CFP

Retirement Planning and Healthcare Costs

“You mean we still have to pay for healthcare after we retire?” Iris asked when I met with her and her husband, Neil. Nearing retirement, they wanted to plan for their expenses on a reasonable but reduced income. My answer was a straightforward “yes.”

While Medicare pays for a lot, it doesn’t pay for it all. Continue reading…

5 Financial Tips When Starting a New Job

New Job Financial Tips

So, you’ve landed a new job. Congratulations! Not only does a new job often mean a bigger salary, it’s also a great time to level up your financial planning. We’ve got five tips to help you get the most out of your bigger paycheck and your personal finances right now.

1. Create or Update Your Financial Plan

If you’re one of the 30% of people who already have a financial plan, a new job is the perfect time to revisit it and reassess to ensure everything’s up to date. However, if you’re like most people and don’t have a plan yet, seize the opportunity. A new job is an ideal time to set some financial goals and create a plan to achieve them. Continue reading…

Why I Don’t Like Annuities – Advisor Insights

Why I Don’t Like Annuities

I do not like annuities. There I said it. Can this really be true? Yes, but, it is probably best to clarify by stating that I find some types of annuities acceptable if they are used appropriately within a plan to safely allocate risk across the total of retirement assets available to a client. I find objection when the annuity proposed is not suitable to the client and his/her needs or if it is intended to replace rather than to diversify a well-conceived retirement asset allocation plan.  Continue reading…