When people think about financial planning, they often picture spreadsheets, investment portfolios, and retirement projections. While these are important, they tell only part of the story. A truly effective financial plan is about more than just numbers – it is about...
financial goals
Financial Resilience Requires Planning
With approximately nine weeks remaining in the year, it is an opportune time to review your personal financial plan. I encourage you to take a “financial resilience” self-audit. Is your financial plan ready for the unexpected? Are you prepared for future shocks?...
For Effective Planning, Learn Your Retirement Income Style
It is a critical question affecting one-third of your lifespan: What is your retirement income style? There is not a “right” way to generate a retirement income. The key is knowing your preferences. For example, do you prefer the stability of a guaranteed income or...
Following These Steps Can Lead You to Financial Freedom
What is financial freedom? The answer is a slightly different picture for everyone. But there are some common characteristics. According to Dr. Brad Klontz, Psy.D., CFP and an expert in financial psychology, “What we want to focus on is that financial freedom where...
How to Adjust Financial Plans In a Time of Challenges
“Sell crazy someplace else. We’re all stocked up here.” (Jack Nicholson in the movie “As Good as It Gets”). I decided to watch a recording of the recent presidential debate. It got crazy! Especially when two very grown men, vying for leadership of the most powerful...
How to Determine When It’s Time to Sell Investments
We have quite a bit of deferred maintenance due at our home (painting, replacing windows, carpentry, etc.). To get some projects going, should we borrow the money, use some of our cash reserves, or sell an investment? I really do not want to take on debt, so that...
Financial Folly or Just Bad Luck?
Let’s face it, we all make mistakes. What are some common financial planning mistakes? To name a few: Overspending. Underestimating life expectancy. Neglecting to develop an eldercare plan. Underestimating the impact of inflation. Buying annuities without...
The Best Financial Resolutions for 2019
A new year. New goals for your money! What are your financial resolutions for 2019? Paul Fain, president of Asset Planning Corporation joins us with a list of ways to increase your financial fitness in the New Year. WHAT ARE TYPICALLY THE TOP FINANCIAL RESOLUTIONS?...
Tracking Your Financial Fitness
I've been wearing a Fitbit for almost two years now. Each day, when I've met my step goal, it gently buzzes to let me know - a "high five" of sorts. It syncs with my devices of choice and emails are sent automatically to let me know about various points of...