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
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.
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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
Why do we invest? Why do we rack our brains over where to invest or when to invest? For one thing, we are trying to build wealth and financial independence but we are also trying to protect our standard of living. What is a dollar worth? As we know, the cost of living is higher
“The best laid schemes o’ mice an’ men gang aft agley (oft go astray),” quoted from a Robert Burns poem, is often used to describe the futility of making detailed plans when our ability to execute said plans is uncertain. Market volatility can certainly trigger behavioral responses that are detrimental to our financial plans. Sometimes
A few weeks ago, we took a family vacation to Panama City Beach, Fla. The ocean was wondrous. Like many wide-eyed tourists, we picked up real estate magazines and day-dreamed about owning a second home near the beach. In spectacular East Tennessee, it is not uncommon to know a family who has a cabin in
In bygone days, the term “hot mess” referred to a soldier’s meal. My father-in-law would have coveted a hot mess as he crawled across Europe in the winter of 1944. On one cold night, he was hiding from a Panzer tank patrol in the bottom of an outhouse latrine, but that was a different hot
WBIR: Once the tassel is moved, the mortar board tossed high in the air, then…you have to repay your student loans. What is the best repayment plan for student debt?
What is a “hedge fund?” Well, simply put, a hedge fund is an investment company that invests in alternative investments (debt, derivatives, options, commodities, etc.) to either beat the market or provide a hedge against unforeseen market changes. Generally, hedge funds are considered to be opportunities for the “smart money” and to sophisticated investors, such