Wondering if bond investments should be an integral part of your portfolio? Below are some common questions regarding investing in bonds. What are bonds? Bonds are simply IOUs. By buying a bond, you are in effect, making a loan. In return, the borrower (or issuer) agrees to make interest payments to you at a fixed…
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…
Deal or No Deal? Let’s talk what everyone’s talking about, the trade war with China and tariffs. What is the bottom line –the impact on your money? Paul Fain, president of Asset Planning Corporation, joins us again this morning with your Sunday Money. PAUL, LET’S START WITH BASIC QUESTIONS: WHY IS THERE A TRADE WAR…
You may have heard the term “Impact Investing” – which is a term for investing based on things like social or environmental values. While putting money into investments that do good is growing in popularity, is it smart for your money? Certified Financial Planner Paul Fain joins us again with his financial planning advice. …
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%…
What do real financial planners study? A few weeks ago, I was on the organizing task force of the Financial Planning Association’s Retreat Conference. Five certified financial planners from Tennessee were among the 400 attendees described as the “Thinkers, Thought Leaders & Change Makers” of the financial planning profession. The opening keynote address was a…
Facebook, Blue Apron, Pinterest, Lyft and Uber – what do they have in common? All of these companies made their stock available to investors in Initial Public Offerings, or IPOs. What is an IPO and should we invest in one? Certified Financial Planner Paul Fain provides the answers this week on Sunday Money. PAUL,…
Salary.com’s ”Mom Salary Wizard” finds that Mothers should earn as much as $170,000 for raising a family! Paul Fain, president of Asset Planning Corporation, joins WBIR this Mother’s Day to honor all the moms out there. PAUL, IT’S HARD TO PUT A MONETARY VALUE ON THE EFFORTS OF A MOM BECAUSE THEY ARE REALLY PRICELESS…
A recent survey used data from the Bureau of Labor Statistics to determine the average “Living wage” for each state. Certified Financial Planner Paul Fain reviews the most expensive and least expensive states to live in. PAUL, FOR THE STUDY, HOW WAS A “LIVING WAGE” CALCULATED? The study used the 50/30/20 budgeting rule — which…
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…