It wasn’t long ago that stock futures signaled a dramatic market decline in response to the electoral victory of Donald Trump as POTUS 45. Since then the market’s been pretty much straight up. Go figure? Certified Financial Planner and President of Financial Asset Management Corp.
College is a necessary, but expensive, endeavor in the life of any young American citizen. Higher education helps propel individuals into economically stable and rewarding careers. However, Forbes points out that the nation's nearly $1.2 trillion in student loan debt is crippling students, their families, and the economy.
Founded with the mission to guide and inspire clients to fulfill their lifetime financial goals, the team members of Financial Asset Management Corporation (FAM) celebrate their 30th anniversary of doing exactly that.
Given the opportunity, most individuals employed in the workforce today would begin saving while they are gainfully employed. Far too often though, the lure of big TVs, new cars, and family vacations force many to choose between saving and enjoying life. Roughly 58% of Americans 55 and older have less than $100,000 saved for retirement, and only 19% have $250,000 or more.
Numerous surveys and studies have found that money is the leading cause of stress for Americans. Given that money is a key component of establishing a secure life, it makes sense that financial challenges are associated with rising stress levels. However, it doesn’t have to be that way, and it shouldn’t.
The holiday season is just around the corner, and for many people that means months of overspending and years of debt. It does not have to be that way - with the right planning, preparation and some self-control, you can enjoy a generous and bountiful holiday season without getting buried under a mountain of credit card debt.
The most significant contributing factor to the Great Recession in the American economy was the collapse of the housing market. Questionable lending tactics during the early 21st century and dangerous adjustable-rate mortgages (ARMs) led to an economic bubble bursting.
CERTIFIED FINANCIAL PLANNER™ Professional Scott Kahan has been featured in the latest edition of WHAT TO DO, YOUR GUIDE TO LIVING WELL IN ARMONK, BEDFORD AND CHAPPAQUA.
In the article, "Scott Kahan: Panic is not investing", Scott answers questions many of us may have had after the latest market volatility and adds some advice for us all as well.
All you need to do is turn on the news these days and you'll quickly find out just how dangerous cyber threats are becoming. Cyber thieves are targeting large companies such as Target, Home Depot, and others, trying to steal consumer credit card information that can be used for destructive purposes.
Perhaps the two greatest financial goals of adults with families are comfortably retiring and confidently sending their children to college. Guiding your children into adulthood and relaxing after they’ve flown the coop are major life events that should be reflected upon with joy and happiness. However, allocating funds for both at the same time can easily cause financial stress and fear.