Bloomberg is bringing its popular Square Mile Relay to New York’s Financial District on Thursday, April 21, 2016 for the first time. The relay race will feature more than 100 teams from leading financial institutions who compete to win a $10,000 donation to the charity of their choice. Each team includes 10 runners who will […]
Prudential Financial, Inc., has announced an agreement between its Individual Life Insurance, Annuities and Prudential Advisors businesses and the dfree® Financial Freedom Movement to help individuals in the Greater New York area through financial education to help protect their family’s financial future. This independent community-based financial education program was developed by Dr. DeForest B. Soaries, […]
Most people have some kind of lifestyle vision for retirement. Unfortunately, without proper planning their dreams won’t always become a reality as they enter the encore time of their lives, says Michael Bivona, a certified public accountant who retired almost 20 years ago. “I had a simple plan: When I stopped working I planned on […]
Everything looks like a nail if your only tool is a hammer – that’s what financial planning expert Brad Berger finds himself telling clients all the time. What does he mean? “A lot of the people in the financial services industry have only a hammer; they have specific products to sell, so they present them […]
What do school kids and retirees have in common during these dog days of summer? For many, it’s having lots of time and not knowing what to do with it. “But that comparison begins to breakdown almost immediately, because in a few short weeks, kids go back to school, but retirees have an indefinite amount […]
For most employees, addressing retirement issues is a costly, abstract and deeply psychological matter, which is apparent from a survey by Schwab Retirement Plan Services. While most survey participants find their 401(k) – a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out – a crucial benefit, […]
As dazzling as a high rate of return sounds to every investor, people need to understand what they’re “hunting” with before chasing certain financial goals, says prominent speaker and financial advisor Jeff Brummett. “A middle-class investor is probably better aiming for a ‘reasonable rate of return,’ which includes consistent, steady growth over a longer period […]
Investors who count on their retirement accounts to see them through their golden years sometimes find that those savings add up to less than anticipated. One reason: Broker fees they either didn’t realize they were paying, or which were higher than need be. But that could be changing. The Obama administration has proposed tougher regulations […]
Something may be missing as high school seniors across America accept their diplomas this graduation season. Those years of K-12 learning likely provided them opportunities to learn about historic figures, find Canada on a map and dissect a frog. But superintendents at most school districts across the country have failed to include required classes in […]
When it comes to women and money, there is some good news, says Lance Drucker, ChFC, CLU, a veteran financial professional. On average, women are more independent and financially literate than ever before, he says. On the other hand, Prudential’s eighth biennial study titled Financial Experience & Behavior Among Women recently revealed that women are […]
To err is human, but when mistakes affect your pocketbook it’s not exactly divine. Don’t feel alone if you’ve committed a financial blunder, though. Two-thirds of Americans have made a significant money mistake somewhere along the way, says Jim Chilton, founder and chief executive officer of the non-profit Society for Financial Awareness (www.sofausa.org). Since April […]
Money worries can lead to sleepless nights for just about everyone, but surveys routinely reveal that women more than men feel the anxiety from a rocky financial situation. In a 2014 Money Magazine survey, for example, two-thirds of women said they were worried about their financial outlook, compared with 54 percent of men. Recent studies […]
While women continue to make impressive strides in academics, in the business world and with buying power in general, a significant percentage are vulnerable to retail therapy and other modes of frivolous spending, says Erica L. McCain, a veteran financial expert, LUTCF and founder of McCain & Associates, (www.mccainins.com). According to a recent study from […]
When it comes to buying power, women are steadily overcoming men. Throughout the next decade, women will control two-thirds of consumer wealth in the United States and will be the beneficiaries of the largest transference of wealth in our country’s history, according to Fleishman-Hillard Inc. “The stats on a woman’s earning and buying power are […]
New Year’s is a time to both reflect on the past and set important goals for the future. Why not include your personal finances in your list of resolutions? The Department of Consumer Affairs (DCA) offers these tips as part of its ongoing series of tips to help you manage, grow and protect your money […]
