Why Does the Federal Reserve Raise and Lower Interest Rates?

Last week the U.S. Federal Reserve, also known as “the Central Bank”, lowered its key short-term rate a quarter percent.  A viewer asks, “Why does the Fed raise and lower interest rates? And, how does it affect my money?”  Certified Financial Planner Paul Fain, president of Asset Planning Corporation, answers questions regarding the Federal Reserve…

What Are Digital Assets and How Can I Store Them?

Most of us have “digital assets”; in fact, there are 271 million North American Internet users. However, many times planning for digital assets is overlooked, even when it involves financial or business assets. Certified Financial Planner and Money Man Paul Fain discusses our digital assets this week on Sunday Money. WHAT ARE DIGITAL ASSETS? These…

Real Financial Planning or Wolf in Sheep’s Clothing?

“It just goes to show you, it’s always something — if it ain’t one thing, it’s another.” real financial planning Remember Roseanna Roseannadanna? Gilda Radner’s Saturday Night Live character was the Weekend Update consumer affairs reporter with the catch phrase: “What are ya tryin’ to do, make me sick?!” I wonder what Roseanne would say…

How Should I Invest? – 2019 Trends in Investing Survey

The “2019 Trends in Investing Survey” was published earlier this month in the Journal of Financial Planning. Our Money Man, Certified Financial Planner Paul Fain, joins us now to review the survey’s findings. ACCORDING TO THE SURVEY, WHAT ARE FINANCIAL ADVISERS RECOMMENDING TO THEIR INVESTMENT CLIENTS? 88%        Exchange-Traded Funds (increased from 40 percent of advisers…