According to Investopedia, “An investment is an asset or item acquired with the goal of generating income or appreciation.” You can invest in a business, stocks, bonds, real estate, oil, cash, crops and more. Fundamental investments are oriented around ownership...
retirement
The Landscape of Retirement is Shifting
Life expectancy continues to rise, yet the COVID-19 pandemic accelerated many early retirements. The median retirement age is 62, but it is projected that two-thirds of people born today will live past age 80. Are we ready for a long retirement? The mind says “Yes!”...
Planning For A Happier Retirement
Most of us equate retirement planning with saving money for the future and while that is certainly important, studies show that the happiest retirees have a few other things in common. Suzanne Himes, lead financial planner at Asset Planning Corporation, is here with...
401(k) Rollover Pros & Cons
The average person will change jobs 12 times during their working life according to US Department of Labor statistics. Often, this means we are leaving an old retirement plan behind. But how do we decide what to do with that savings? Certified financial planner...
Will a Part-Time Job Affect My Social Security Benefits?
I'm retired and thinking about getting a part-time job, how will that effect my social security benefits? Our money man, Certified Financial Planner Paul Fain, answers this question this week on Sunday Money. THIS IS A GREAT QUESTION FOR ANY RETIREE WANTING TO WORK...
WBIR: Planning for Retirement
More than half of pre-retirees expect to continue working in retirement, but, how many retirees actually continue to work? Our moneyman, Certified Financial Planner Paul Fain joins us again to review your money and your future. PAUL, WITH PEOPLE LIVING LONGER IT...
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...
KNS: How much money do you need for retirement?
Featured in the Knoxville News Sentinel: May 29, 2018 How much is enough? Obviously, it is a subjective question. Enough to just get by? Or enough to be “comfortable?” According to a 2017 Charles Schwab survey, respondents said they would be financially comfortable...
WBIR: Saving for Retirement
ARE YOU ON TRACK? SAVING FOR RETIREMENT Would you believe that one in six Millennials has already saved $100,000? How much should YOU have saved to be ready for retirement? THAT FIGURE FOR MILLENNIALS IS SURPRISING… Some people in their 20s are strong savers! Lack of...
Retirement vs. Financial Independence
One of the most common financial planning goals is retirement. “When can I retire?”, “How much can I spend in retirement?”, etc. It is easy to forget that the entire concept of “retirement” is a modern invention, created by industrialization. Before the 20th century,...