Author - Lea Ann Knight, CFP®

1
Socially Responsible Investing – Is It Worth It?
2
Should I Buy Life Insurance For My Child?
3
When Money Doesn’t Grow On Trees
4
Is Saving For College Still Worth the Cost?
5
10 Tips For Working With Your Financial Advisor

Socially Responsible Investing – Is It Worth It?

It’s the time of year when our thoughts turn to helping others. And, as an investor, that can often mean looking for investments that “do good”. But avoiding the “sin stocks” – alcohol, tobacco, gambling, and oil (yes, oil is now a sin in some circles) can have you lagging the market for years to come. So, before you throw all your money at the latest alternative energy idea, consider approaching this piece of your portfolio as you would the rest – with research, discipline and diversification.

Socially Responsible Investing, or SRI, has been around for a long time now. …

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Should I Buy Life Insurance For My Child?

They are precious, aren’t they?  But unlike the new house you build with proceeds from your homeowner’s insurance, they are also irreplaceable.

So why do so many employer plans offer supplemental life insurance for your children?  It might be a way for the insurance company to make a little more money, but I suspect the root of this particular employee benefit may go a little deeper.    So I did a little digging (can you see I’m missing my garden work these days?)

Turns out, insuring children started way back in Roman times.  Those clever Romans were in the habit of …

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When Money Doesn’t Grow On Trees

Article in Summary:

  • Does an allowance really teach children how to manage their finances?
  • One effective means of teaching children about personal finance is having them help you budget your next vacation
  • There are other neat ways to engage your children in household finances to help them learn the basics of what it means to manage their finances.

Bigger kids mean bigger toys. I don’t know about you, but the weekly allowance I’m doling out doesn’t seem to be going very far these days. I’m beginning to wonder if this whole allowance idea is really teaching my kids how to …

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Is Saving For College Still Worth the Cost?

Article in Summary:

  • The average cost of state university tuition, room and board is $20,000.
  • The average undergraduate student loan debt upon graduation: $20,000.
  • The rapidly increasing costs of college combined with a depressed economy have made some families second guess if it is worth it to save for and pay for college.

Those of us socking away money for our kid’s education these past two years are beginning to feel like Sisyphus eternally pushing that rock back up the hill.  Our 529 accounts appear stuck in neutral while college tuition continues to skyrocket.  Studies appear weekly showing the dismal …

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10 Tips For Working With Your Financial Advisor

For many financial advisors, client service is paramount.  They live it, they breathe it, they instill it in their own employees.  Really good financial advisors are always trying to be better at client service.  So I am always astounded when I talk to someone who has been with an advisor for years and never hears from him, doesn’t think he or she is a very good advisor but they’ve never moved on to something better.  Family legacy?  Maybe.  Inertia? Likely.  As a client, you deserve better!

If you really don’t like your advisor, by all means – pick a new …

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