Schwab Market Commentary
Stay up to date on the financial market! In a recent Schwab Market Snapshot, Liz Ann Sonders, Schwab’s Chief Investment Strategist, talked about the amount of debt in the U.S. financial system.
Your Retirement Security
When it comes to planning for retirement, perhaps we should pay heed to an old saying, “If it’s going to be, it’s up to me!” Now more than ever, the responsibility for building a retirement nest egg is on the worker’s shoulders. So where do you begin? Paul Fain, President of Asset Planning Corporation recently…
Monday Money: 10 Ways to Improve Your Spending Plan
Let’s face it, many of us buy a lot of….stuff we don’t need. In a typical month, hundreds of dollars may be slipping out of your checking account wastefully. So how can we shop less, save more, and just be more fiscally responsible? Certified Financial Planner Paul Fain has 10 ways to improve your spending…
Learning, Experience Lead to Wisdom
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…
National Estate Planning Awareness Week
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…
WBIR Sunday Money – Financial Difficulty
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…
College: Are We Still Getting Our Money’s Worth?
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…
The Financial Implications of Divorce
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 DIVORCE…
The Costs of Pet Ownership
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…
Reason to Panic?
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…