The U.S. stock market has erased its gains for the year, as all the major stock indexes suffered sharp back-to-back losses in the days before the Thanksgiving holiday. How are investors reacting? How should YOU be reacting? Paul Fain, president of Asset Planning Corporation, reviewed recent market performance in an interview for WBIR-tv, NBC’s Knoxville…
Bah humbug! After the holiday cheer has faded, will you feel like a holiday chump? In the new year, some households may reel after opening their credit card statements. So is there still time to both enjoy the holidays and be fiscally responsible? As I flip the wall calendar to December, as usual, I have…
It’s the talk at the water cooler…someone you know may be investing in…weed, ganja, cannabis…yep we are talking about marijuana stock! But should you add this growing industry to YOUR portfolio? Certified Financial Planner Paul Fain joins with his thoughts on whether or not these investments will go up in smoke. WHAT’S BEHIND THE SURGE…
Looking for creative ways to save this holiday season? There are several approaches you can take to planning for the holidays. Budget vs. no budget Gifts for everyone, gifts for only immediate family, drawing names from a hat, or no gifts at all. Purchasing gifts vs. DIY. Travel vs. staying local. There are so many…
The financial focus of the week is, how will the midterm elections impact your stock investments? WHICH STOCKS ARE THE WINNERS IF WE HAVE THE EXPECTED OUTCOME? Democrats take House, GOP keeps Senate Overall stock market: Modestly bullish Winners: Drug stocks, defense stocks While a divided government would make it hard for…
Smartphones and other gadgets allow us to read the news, watch a football game and even track our investments anytime, and nearly anywhere. We’re always multitasking, or moving from one bit of information to the next. With that in mind, Certified Financial Planner Paul Fain joins us now with a question: is technology making us…
With stocks in a recent slump, there is growing fear that November’s midterm elections are going to generate new chaos in the investment markets. Will the Democrats take over Congress and the Senate? If so, will they immediately begin impeachment proceedings against the president? Lauren Rublin, a managing editor at Barron’s, adds perspective: “Our concern…
Knoxville — So you’ve just won the lottery. It’s time to cash in, but going from your normal income to having millions can be a little intimidating. That’s why experts say you need some help. “Have a team in place — almost like a personal board of directors,” said Knoxville attorney Fiona Hill. She says…
In the financial planning process, we always touch on the potential for long-term care needs, and the financial impact of increased health care costs over an extended period of time. We usually incorporate long-term spending goals for insurance premiums or for “self-insurance” (paying out of pocket for care) for some assumed number of years. And,…
A recent study found that parents are spending twice as much on adult children than they save for their own retirement. Where is the money going? Where is it coming from? And, is there a better way? Our moneyman Paul Fain, president of Asset Planning Corporation, joins us now with financial tips for parents. THE…