Archive - 2018

1
Getting Real About Retirement – Will You Have Enough Money to Remain Comfortable?
2
8 Broker-Dealers You Should Avoid
3
Financial planning and college acceptance
4
How Much Is Too Much College Debt?
5
The Family Maximum Benefit (Retirement)

Getting Real About Retirement – Will You Have Enough Money to Remain Comfortable?

By Eve Kaplan, Certified Financial Planner ™

Let’s get real about retirement. Will you have enough to remain comfortable in retirement for 30 years or more?  Studies show this is a recurring fear many Americans feel. As a Fee-Only financial advisor, my number one priority is to confront this fear and help my clients retain enough money to have a comfortable and financially independent retirement.

In past articles, I’ve gone through a number of investment strategies to boost retirement readiness. This time I’ll address some planning do’s and don’ts for pre-retirees and retirees:

  1. Don’t get caught short – retain an
Read More

8 Broker-Dealers You Should Avoid

The CFP Board is revising the Standards by which it expects those holding the CFP® mark to abide. It has new proposals which hold the expectation of those using the CFP® mark to act as fiduciaries in every sense of the word. They expect those with the CFP® mark to not mislead consumer about how they are compensated or what conflicts of interest that might entail.

Now I read in an InvestmentNews article that “Eight major brokerage firms are calling on the Certified Financial Planner Board of Standards Inc. to halt its effort to raise the investment-advice requirement attached …

Read More

Financial planning and college acceptance

If you have a senior in high school, this is an anxious time. College acceptances and rejections are rolling in, and it’s tough. It’s an emotional drain and the decision can have a huge impact on your finances well into retirement. So, some points to ponder:

Accept a college you can afford. Unless you have significant savings, current high income, or significant financial aid, a state school is going to be most people’s best financial option. The cost of attendance at private schools has become breathtaking—four years at Northwestern is going to cost around $300,000. Four years at the University …

Read More

How Much Is Too Much College Debt?

Over 44 million Americans walked away from their time in higher education with some amount of college debt. The total amount of student loan debt collectively carried by college students and grads today is $1.45 trillion, and the average 20-something-year-old borrower pays $350 per month on their loans.

There’s no question about it: student loan debt is a serious financial burden for many students, parents, and newly-minted grads.

Whether you’re considering college costs for a family member or want to go back to school yourself, you likely want to avoid dealing with student loan debt thanks to statistics like

Read More

The Family Maximum Benefit (Retirement)

When a worker is receiving retirement benefits and/or members of his family are also receiving benefits based upon the retirement benefits, such as via spousal benefits, benefits for children, or other family members benefits, there is a maximum amount of benefit that can be distributed in total.  (There is a separate maximum benefit computation for disability benefits, which we’ll cover in another article.)

How the Family Maximum Benefit is Computed

When computing the Family Maximum Benefit (FMB), the Social Security Administration falls back to its old habits of using a very convoluted formula, similar to the formula for computing …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login