Archive - October 2015

1
Do you have a 5/10/20 year Retirement Plan?
2
Five Mistakes Seniors Make with Medicare Part D Drug Plans
3
When Millennials Move Back Home
4
Tech Stocks: A Source of Future Growth?
5
Student Loan Debt Doesn’t Have to Derail Your Life

Do you have a 5/10/20 year Retirement Plan?

New Survey of Financial Advisors Identifies Top Advice for Retirement Planning 5, 10 and 20 Years Out.
Advisors from the National Association of Personal Financial Advisors (NAPFA) Say Tax Planning and Emergency Savings Critical; Longevity Most Pressing Issue For Consumers and Policymakers
Chicago, IL – To adequately prepare for retirement, Americans need to minimize taxes, save for emergencies and be prepared to live longer than their parents, according to NAPFA-Registered Financial Advisors who ranked a comprehensive list of tried and true advice for people who are five, 10 and 20 years away from retirement.
According to the Federal Reserve’s 2014 …

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Five Mistakes Seniors Make with Medicare Part D Drug Plans

Medicare Part D is the drug coverage for those on Standard Medicare and covers the majority of seniors in the US. Every year millions of seniors make simple errors that cost them hundreds or sometimes thousands of dollars on their drug coverages. Near the end of each year the insurance companies that offer Medicare Part […]

The post Five Mistakes Seniors Make with Medicare Part D Drug Plans appeared first on Chamberlain Financial Planning & Wealth Management.…

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When Millennials Move Back Home

Cheryl J. Sherrard, CFP was quoted in a September 21st article in the Wall Street Journal, focused on what parents should know, and do, about the financial challenges of boomerang children.

More millennials are spending early adulthood in the same place where they spent their formative years: in their parents’ homes.

It’s crucial that both parties understand the financial implications of this homecoming. For parents, a child’s return often means a greater financial burden, just as the parents may be struggling to meet their own savings and retirement goals. It also can make it more difficult for the millennials to …

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Tech Stocks: A Source of Future Growth?

    Examining macroeconomic themes it seems there many reasons to be bearish about stocks and the economy. But eventually after a big crash new green shoots grow through the cracks in the sidewalk and a new economy grows. After a systemic crash there will be a further dramatic growth of tech companies. Tech enthusiasts have shown how it may take a period of 20 years for tech developments to reach critical mass at which time the growth and economic impact start to be clearly accepted by investors.
    Does that mean one should not bother trying to avoid a systemic

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Student Loan Debt Doesn’t Have to Derail Your Life

aLast week, we discussed how college teaches real-life lessons about financial planning, emphasizing that figuring out how to manage money can set one up for fiscal responsibility during the college years and beyond. But some people derail their lives before classes start by taking on more student loan debt than necessary. Bankrate.com is one of many media outlets to report that student loan debt has caused some people to alter life plans. According to a Bankrate Money Pulse survey:

“45% of Americans with student loans, and 56% of those between 18 and 29, have put off a major

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