Category Archives: Financial Advisors

Feds May Order Financial Firms To Allow Class Action Lawsuits

From NPR News

New federal rules could be in the works to make it easier once again for Americans to seek relief through class action lawsuits. That’s the latest word out just this morning from the Consumer Financial Protection Bureau.

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It’s Never too Early to Think About Retirement

Most young Americans are poorly educated about financial planning, retirement and preparing for a life without work. Even if many 20-somethings don’t explicitly think or say that it’s too early to think about retirement, most act as though retirement is something to worry about later in life. However, if millennials learn to maximize their earnings potential, pay down debts responsibly and build good savings habits, it’s possible to live a healthy financial life – and maybe even retire a little early.

Retirement Planning in Your 20s
Young workers don’t know what kind of retirement they want or need, and even fewer understand their savings options. Most 20-somethings don’t make a ton of money and are busy with social life or trying to start a family. Increasingly, the high expense of higher education is leaving young Americans in a mountain of student loan debt.

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Advisors ease emotional hurdles of retirement!

Smiling senior couple

Retirement is the big financial finish line, but clients often don’t know what they want to do when they get there. Advisors are delving into psychological aspects of retirement planning to help them figure it out.

The need for this became clear to Amy Jo Lauber, certified financial planner and owner of Lauber Financial Planning, 15 years ago when 10 of her clients were offered early retirement packages—and eight were dead within a year of accepting them.

“They had enough money, but they didn’t have enough interests [or] activities to make a new life,” she said.

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Watch an Elite Financial Adviser Hack His Own Retirement

Michael Kitces could drive a hot new car, work out in a high-end gym, and relax in a sprawling house. He can afford it. He just doesn’t want it.

What does the 37-year-old financial planner, a partner and director of research atPinnacle Advisory Group, want? To save enough so that he doesn’t need to earn any income from his work.

And when he reaches that point, he’ll probably just keep working—and driving his Kia Spectra, which just turned 10.

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