Social Security, Open Enrollment, and the Stock Market – Paul Fain, Knoxville Certified Financial Planner and President of Asset Planning Corporation, has a grab bag of current events and news affecting your finances this week on WBIR’s Sunday Money. WHAT IS MAKING HEADLINES RIGHT NOW? Social Security announced a Cost Of Living Adjustment: 1.6% benefit…
I’m retired and thinking about getting a part-time job, how will that effect my social security benefits? Our money man, Certified Financial Planner Paul Fain, answers this question this week on Sunday Money. THIS IS A GREAT QUESTION FOR ANY RETIREE WANTING TO WORK PART-TIME… True! Here are the rules for working AND collecting Social…
A viewer, Caitlin, asks: “I’m a recent college graduate, should I start saving for retirement or pay off my student loans?” Our moneyman, Paul Fain, president of Asset Planning Corporation, has the answer with 5 tips for your Sunday Money. PAUL, FOR NEW GRADUATES THIS IS A GREAT QUESTION: PAY DEBT OR START INVESTING? 56%…
Usually when we financial planners speak of financial independence, we’re referring to “retirement.” However, I strongly believe that the range of financial decisions that come with attaining adulthood (often accompanied by graduation around the same time) are just as critical – if not more so – than planning for retirement. After all, the foundational choices…
A viewer asks, “When is the best time to start taking Social Security?” Our moneyman, Certified Financial Planner™ Paul Fain joins us now with answers. PAUL, MAYBE WE SHOULD START BY REVIEWING THE EARLIEST AND THE LATEST THAT YOU CAN START SOCIAL SECURITY BENEFITS… Age 60: Widow/Widower Age 62: Reduced normal benefit…
This week on Sunday Money we’ve got a viewer question for our moneyman, Certified Financial Planner™ Paul Fain, from Jim: Don’t know if you have ever discussed this but what about your thoughts on a reverse mortgage? I’m not a fan and would never do it but someone that may be in financial difficulty might…
What steps can you take to kick-start your successful retirement planning in 2019? Certified Financial Planner Paul Fain joins us now with 6 moves to make right now! WHAT ARE THE FIRST STEPS TO BOOST OUR SUCCESSFUL RETIREMENT PLANNING? Boost retirement contributions: The maximum annual 401(k) contribution limit is $19,000. If that’s not…
Why do people claim their Social Security benefits when they do? A study in the Journal of Financial Planning offers new insights for our moneyman to share, here is Certified Financial Planner Paul Fain joining us now. LET’S REVIEW WHEN YOU CAN ACTUALLY START YOUR SOCIAL SECURITY BENEFIT… Widow: Age 60 Early:…
A recent study found that parents are spending twice as much on adult children than they save for their own retirement. Where is the money going? Where is it coming from? And, is there a better way? Our moneyman Paul Fain, president of Asset Planning Corporation, joins us now with financial tips for parents. THE…
For most workplaces, the month of October is the Annual Benefits Enrollment period. It’s an opportunity for eligible employees to enroll in or make changes to benefit plans for the upcoming year. Open Enrollment provides you the opportunity to make changes to benefits. For example, medical, dental, vision, life insurance as well as voluntary…