It is a quote often attributed to the Buddha, or more likely to a 1970s kung fu movie: “When the student is ready, the teacher will appear.” Unfortunately, when it comes to personal finance, the classroom appears to be empty. According to a new survey, nearly 7 in 10 Americans have less than $1,000 to their
The third week in October has been designated as National Estate Planning Awareness Week. Estate planning is a vital component of every financial plan, regardless of the size of the estate. Unfortunately, it’s also an area that is commonly overlooked. This often results in wasted dollars and emotional hardship that could otherwise be minimized with
What do you say to someone who is experiencing financial difficulty? It is tough to see a dear friend or loved one in distress. Paul Fain, President of Asset Planning Corporation appeared Sunday on WBIR, Knoxville’s NBC affiliate to look at your money and your emotions. PAUL, AREN’T PERSONAL BANKRUPTCY FILINGS A GOOD INDICATOR OF
Freshmen are adjusting to their first months in college. I’ve talked to parents who were relieved that little Johnny was finally out of the nest and other moms and dads who had tears in their eyes as little Suzie packed her boxes and headed to the dormitory. What leaves everyone crying is the cost of
D-I-V-O-R-C-E, country legend Tammy Wynette sang about it, now sadly Brad Pitt and Angelina Jolie are living it. What are the financial implications of saying “I undo?” Certified Financial Planner™ Paul Fain was interviewed on WBIR, Knoxville’s NBC affiliate, to share a little about marriage, divorce and your money. WHAT KIND OF EFFECT DOES
Social Security benefits are often confusing. You might say that “understanding Social Security” is an oxymoron! We recently received a client question regarding the complicated topic of a spouse’s Social Security claiming strategy before Full Retirement Age (FRA). The question was could his spouse start taking her own benefit early at age 62 and then switch
While many Americans recognize that it is important to protect loved ones with life insurance, far too many lack adequate coverage. National Life Insurance Awareness Month is intended to prompt Americans to assess their life insurance needs.
Click here for more information about life insurance needs and policy options.
It is always good to know the financial commitment of owning a pet BEFORE you make the commitment. The old song asks, “How much is that doggie in the window?” Well, let’s ask Paul Fain, president of Asset Planning Corporation to weigh in on dog ownership and our household budgets. PAUL, THIS HITS HOME WITH
Last Friday, the S&P 500 index fell 2.4%, while the Dow Jones Industrial Average fell 2.1%. This was the first 1% sell-off since June, and the press reports described it as a full-blown market panic. What’s going on? Efforts to trace the reason why quick-twitch traders scattered for the hills on Friday turned up two
Paul Fain from Asset Planning Corporation joins us to talk about interest rates and your money.