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.
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.
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.
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.
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.
Scott M. Kahan, CERTIFIED FINANCIAL PLANNER™ professional and President of Chappaqua’s Financial Asset Management Corporation, offers suggestions for getting one’s financial planning under control and making the whole college process a little less stressful.
Whether you realize it or not, retirement is not actually the end of the rat race in life. Yes, you've worked for decades to support yourself, raise a family, provide for others, and reach your goal of walking away from the workforce and basking in the glow of your retirement funds.