Merry Christmas! Yes, we said Christmas - believe it or not it is time to get your finances ready for holiday madness! Paul Fain, Certified Financial Planner and President of Asset Planning Corporation, shares some money tips to prepare us for the holiday season. YOU...
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What is the “Cost Basis” of an Investment?
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?...
What are the Best and Worst Paying College Majors?
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...
How Much are Americans Spending for Back To School in 2019?
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...
Does Money Equal Happiness? Living a Wealthy Life Beyond Money
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...
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,...
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...
Top 5 Questions About 529 Savings Plans
Saving for future education expenses is one of the most common financial goals. Whether the beneficiary is a child, a grandchild, or other family member. The preferred “vehicle” for those savings – the type of account – has certainly changed with tax laws and times....
Will a Part-Time Job Affect My Social Security Benefits?
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...
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...