Author - Eve L. Kaplan, CFP®

1
Are You Committing These 13 Financial Risks?
2
Steps To Avoid Financial Fraud
3
Avoid These 4 Investment Bloopers!
4
Knowing if You Afford to be a Stay-At-Home Parent
5
If You Don’t Have a Financial Plan, This Just Might Convince You to Make One

Are You Committing These 13 Financial Risks?

Financial Risk is like driving a motorcycle or a car. If you speed down the highway on a motorcycle without a helmet, your risk of an accident is increases. If you ride the same motorcycle at lower speeds and wear a helmet, you reduce your risk but incur more risk than driving a car. However, travel by both motorcycle and car carry some risk; up to 100 years ago, Americans routinely were killed in horse accidents. If you never leave your home, you eliminate transportation risk but you’re now completely immobile!

Risk takes many forms in the complex financial world …

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Steps To Avoid Financial Fraud

Here are some issues to be aware of – and steps to take – to avoid becoming a target of financial fraud. Some of the worst cases of financial exploitation concern the elderly.

Elder Fraud

Sadly, older adults easily can become targets of financial fraud:  sweepstakes and lottery fraud, phishing fraud, phony charitable solicitations, etc. Elders can be approached by phone, email and/or regular mail and can succumb to pressure or blackmail. One warning sign of financial fraud is unexplained checks or bank transfers. Unfortunately, a caring relative or friend only can become cognizant if financial information is discussed or… Read More

Avoid These 4 Investment Bloopers!

I come across investment bloopers all the time in my line of work – I’m a
Fee-Only (no products sold) Certified Financial Planner®. From what I can see, many bloopers are a “perfect storm”  – a combination of opportunistic product
sales combined with a lack of understanding by clients. How does this happen?
The standard of care by brokers and some advisors who sell products is a
“suitability” standard – not the better fiduciary standard that requires an
advisor to put a client(s)’ needs first.  According to the “suitability”
standard, products are fine if they’re “suitable” for the client – …

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Knowing if You Afford to be a Stay-At-Home Parent

How do you decide if it makes sense to leave a job and become a stay-at-home parent? As a financial planner, I approach this topic strictly from the financial standpoint – I’m NOT saying it’s better be a stay-at-home Mom and I’m NOT saying it’s better to use child care and go to work.

For the record, I’ve been both a stay-at-home Mom and a working parent. Any parent will tell you being a stay-at-home IS a job – it’s just not a paid job.

What prompts me to look at this topic is a recent CNN Money article (4/18/12) …

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If You Don’t Have a Financial Plan, This Just Might Convince You to Make One

One question people often ask me is :  “What is a financial plan, anyway”?  Here’s a simple analogy to explain it.. Most of you would never contemplate starting a trip without a destination in mind. Typically you know your destination and you plan your route with care. Sure there may be detours, but you stick to a general route to get to your destination. However, the same care isn’t always taken in terms of charting your financial course if you don’t have a plan. If you don’t have a plan, you often have no idea what the future holds. This …

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