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…
With tax season behind us, a viewer asks, “How long should I keep my tax records?” Well, for that matter, let’s ask our Moneyman – Paul Fain, president of Asset Planning Corporation – how long should we keep all of our financial records? PAUL, LET’S START WITH TAX RETURNS, HOW LONG DO WE NEED TO…
The HBO smash series, Game of Thrones, is a medieval soap opera featuring dragons and knights and zombies, but our Moneyman – Certified Financial Planner Paul Fain – says the story has plenty of analogies to valuable financial lessons, this week on WBIR. PAUL, THIS SHOULD BE FUN, WHAT IS YOUR #1 FINANCIAL LESSON…
This week, we’ve got another viewer question for our Moneyman, Paul Fain – president of Asset Planning Corporation. Wayne asks: “How can parents give their children a solid foundation in lifelong saving and investing?” PAUL, WAYNE RAISES A GOOD POINT, PARENTS ARE SUPPOSED TO TEACH LIFE LESSONS… He does: “we teach our kids so many…
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…
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…
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…