Last week was very volatile in the world of finance. Certified Financial Planner Paul Fain narrates the highs and lows of the first week of 2019. LET’S START WITH THE GOVERNMENT SHUTDOWN, HOW DOES IT IMPACT THE STOCK MARKET? Generally causes a DOWNTURN. It is negative. Historically, the downturn is TEMPORARY and bounces right…
Many global stock markets are approaching “bear market” territory, meaning a decline of 20%. Volatility, as measured by the VIX index (pronounced vicks), is at its highest level in the last 5 years, so many investors are worried. Are you? Certified Financial Planner Paul Fain has three things to focus on during a crazy market.…
A new year. New goals for your money! What are your financial resolutions for 2019? Paul Fain, president of Asset Planning Corporation joins us with a list of ways to increase your financial fitness in the New Year. WHAT ARE TYPICALLY THE TOP FINANCIAL RESOLUTIONS? Save more! Savings goals: Save $1000 (less than 40%…
Every January people come up with their New Year’s resolutions. According to NBC, only 8% of people accomplish those resolutions. When we think of budgeting, we usually think of financial constraints. If we reframe the idea positively, we can see that a budget is simply a set of boundaries that help us to accomplish the…
At the end of Dicken’s classic tale, even Ebenezer Scrooge tipped the young boy sent to fetch the prize turkey. But it’s a common question during the holiday season: who gets a Christmas tip and how much should I give them? Our resident Scrooge, moneyman Paul Fain joins us again to look at your Sunday…
Beware! The Savings Blob One of the most important areas of financial planning is cash management (spending plans, budgeting) and within that, the concept of cash reserves. Most folks can probably agree that having “cash reserves” is a good thing. But after that, the attempt to quantify an appropriate number, or to think about different…
Why do people claim their Social Security benefits when they do? A study in the Journal of Financial Planning offers new insights for our moneyman to share, here is Certified Financial Planner Paul Fain joining us now. LET’S REVIEW WHEN YOU CAN ACTUALLY START YOUR SOCIAL SECURITY BENEFIT… Widow: Age 60 Early:…
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…
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…
If you believe that “the trend is your friend,” then perhaps the U.S. stock market is in for a good fourth quarter. Despite some market volatility last week, stocks are in positive territory for the year. Certified Financial Planner Paul Fain joins us again with a review of year-to-date investment results and a look ahead…