Financial Asset Management Corporation Turns 30

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. In 1986, a great dedication to fiscal responsibility, meshed with a strong passion for serving others, resulted in a fundamental service that has led many individuals, families, and small businesses to prosperity.

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Retirement Tips for Late Starters

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. What can you do to catch up now?

Determine the Amount You Need to Retire

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Set Up a Personal Financial Calendar and Get Organized for the Year

Today people use a variety of apps and tools to help themselves get organized for just about anything. There are apps that allow you to track your health and strive toward fitness goals, and others to help you keep the grocery shopping list in check. The most common calendar apps help you track meetings, appointments, and upcoming vacations. Why not consider a personal financial calendar to get you organized in the coming year?

Familiarize Yourself with Your Current Financial Health

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Stress Less About Your Finances

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. If you are part of the population who feels like they never have enough money, the following tips may prove helpful in building a better relationship with your finances to eliminate unnecessary stress in your life.

Log Your Account Activity

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Tackle Taxes with Powerful Preparation

This year is quickly approaching its end, and the time we have to get all of our financial ducks in a row is running out. While filing end of the year taxes may seem like one of the most daunting tasks to tackle, there are several things you can do to prepare. Then, when it comes time to see a financial professional, you are already ahead of the game.

Standard vs. Itemized Deductions

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The Pros and Cons of Renting vs. Buying

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. Homeowners suddenly were unable to afford mortgage payments that had jumped with rate hikes, and the value of homes plummeted.

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Scott M. Kahan, President of Financial Asset Management Corp Featured In WHAT TO DO!

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.

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The Importance of Cyber Security

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. Cyber security isn't just the responsibility of companies that you share your information with though, it also depends upon you. If you're proactive, it goes a long way in protecting your sensitive information.

The Threat from Cyber Thieves

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