What is the “cost basis” of an investment? Do I need to keep this information for both taxable and tax-deferred accounts? Paul Fain, Certified Financial Planner and President of Asset Planning Corporation answers these questions this week on WBIR. WHAT IS COST BASIS? It is your total contribution into an investment: a stock, bond, mutual
So your freshman has started college! Bankrate.com recently conducted a survey to rank the best and worst college majors for students. Certified Financial Planner Paul Fain, President of Asset Planning Corporation, talks about where the money is at for future graduates this week on WBIR. BANKRATE LOOKED AT 162 COLLEGE MAJORS, BUT WHAT WAS THEIR
The National Retail Federation recently released a survey detailing back to school spending for the 2019 school year. Certified Financial Planner Paul Fain, President of Asset Planning Corporation, summarizes how much we are spending this year and the impact on our budgets this week on WBIR. WITH AREA SCHOOLS AND COLLEGES STARTING THIS MONTH, AMERICAN
It’s estimated that only 5% of people in the United States are millionaires. But there are plenty of other ways to live a wealthy life that extend beyond how much money you have in the bank. Certified Financial Planner Paul Fain answers the question “does money equal happiness?” and discusses how to live a wealthy
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
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
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
“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
Do I need a trust? Even if one’s financial life is fairly uncomplicated, whether you are 28 or 88 years old, everyone should have an estate plan for their stuff. But do you need a trust? Paul Fain, certified financial planner at Asset Planning Corporation, answers some questions about estate planning. WHAT IS IN
This morning we have a “viewer” question about 529 College Savings Plans…are they the best way to save for college? Let’s ask our Money Man, Certified Financial Planner Paul Fain. PAUL, WE KNOW THAT COLLEGE IS EXPENSIVE, REALLY EXPENSIVE, WHAT IS THE CURRENT PRICE TAG FOR A 4-YEAR DEGREE? The College Board’s average cost