With the market volatility this year, we have seen more ups and downs than we would like. In today's world of social media and instant communication, it is a tough balance of knowing when to send out something regarding the markets. In past times of volatility, when we send a letter regarding it, some clients will say they weren't concerned until they saw us sending something. On the other hand, if we don’t send something, others will ask what is going on and we should send something.
When should you start saving for college?
The day your child is born and you get a social security number. Considering the cost of a private college at sixty to seventy thousand dollars per year, the sooner you start the better.
How should a college savings plan fit in with an overall financial plan?
As September rolls around and school begins, no matter what age you are, it always feels like it is the beginning of a new year. It’s also a good time to review your finances and make any changes before the end of the year. Here are a few year-end things to consider:
Scott Kahan’s Financial Road Trip: When it comes to mapping out your financial future you don’t want to be singing, “Do you know the way to San Jose” on the street corner. Scott Kahan, Certified Financial Planner and President of Financial Asset Management Corp. in NYC and Chappaqua, told us “developing a financial plan is like mapping out a trip – the final destination and all the stops on the way.”
What’s the first step in financial planning?
It’s almost spring and now is the time to give your finances a “spring cleaning!”
With the stock market sell off and continued volatility after record highs, interest rate increases, new tax laws and the ongoing uncertainty as to what is going on in Washington, now is the time to organize. Here are a few quick things to address to get started.