Beware! The Savings Blob One of the most important areas of financial planning is cash management (spending plans, budgeting) and within that, the concept of cash reserves. Most folks can probably agree that having “cash reserves” is a good thing. But after that, the...
Cash Flow Planning
When to Claim Social Security Benefit
Why do people claim their Social Security benefits when they do? A study in the Journal of Financial Planning offers new insights for our moneyman to share, here is Certified Financial Planner Paul Fain joining us now. LET’S REVIEW WHEN YOU CAN ACTUALLY START YOUR...
It’s not too late for a financial strategy for Christmas shopping
Bah humbug! After the holiday cheer has faded, will you feel like a holiday chump? In the new year, some households may reel after opening their credit card statements. So is there still time to both enjoy the holidays and be fiscally responsible? As I flip the wall...
3 Ways to Save Money this Holiday Season
Looking for creative ways to save this holiday season? There are several approaches you can take to planning for the holidays. Budget vs. no budget Gifts for everyone, gifts for only immediate family, drawing names from a hat, or no gifts at all. Purchasing gifts vs....
Is Technology Addiction Making Us Stupid?
Smartphones and other gadgets allow us to read the news, watch a football game and even track our investments anytime, and nearly anywhere. We’re always multitasking, or moving from one bit of information to the next. With that in mind, Certified Financial Planner...
WBIR: Claiming the money you have left behind
If you have moved in recent years, is it possible that you left some money behind!? Millions of dollars are turned over annually to the Tennessee Department of Treasury’s unclaimed property division when owners cannot be located. Paul Fain, President of Asset Planning...
The cost of pet health care and my family’s love for Mabel
Featured in the Knoxville News Sentinel: August 21, 2018 Mabel is the youngest member of our family. She is 8 years old. We love her and she enthusiastically and unconditionally loves us. She is a dog. We bought Mabel on Craigslist - she is a 70-pound, mixed-breed. In...
Doing Good GIVES You a Tax Break! Part 1
Learn how being charitable can improve your tax situation in retirement! Doing Good GIVES You a Tax Break is a three-part series. Watch Part 1 on Qualified Charitable Distributions below. You can also check out our recent blog about Required Minimum Distributions...
WBIR: Handling Finances on Vacation
If you ever have the opportunity to travel abroad, such as a visit to Europe, how should you handle money…cash or credit card? What about exchange rates? And security? Paul Fain, president of Asset Planning Corporation, joins us with some international travel tips for...
WBIR: Save for Retirement or Pay Off Student Loans?
Millennials—the generation of Americans born between 1982 and 2000—now outnumber Baby Boomers. Many in this younger generation are tackling a dilemma few before them have had to face: Save for retirement or pay off student loans? Paul Fain, President of Asset...