In our second-annual Mid-Year Investment Review, Chappaqua’s Scott Kahan talks about Trump, trade wars & your portfolio with What To Do, Scott is a Certified Financial Planner and President of Financial Asset Management Corp, in New York City and Chappaqua.
Let’s start off with Morgan Stanley’s recent warning of a stock sell. Are we at a tipping point?
The average individual only views financial planning through the lens of retirement. In reality, financial planning can help you meet a variety of monetary goals, not just your desire to live a comfortable life during retirement. Make no mistake, it is important to save for those years, but financial planning has the power to unlock more potential in your life as well.
Map Goals and Discover a Path to Success
The average individual undoubtedly understands that there is a difference between saving and investing, even if those terms are sometimes used interchangeably. The key to taking advantage of saving and investing is understanding the difference between them. In short, saving and investing differ in terms of risk and liquidity. There is much more to it, including the challenge of determining whether you should save your money or invest for the future.
A Look at Saving
College is a necessary, but expensive, endeavor in the life of any young American citizen. Higher education helps propel individuals into economically stable and rewarding careers. However, Forbes points out that the nation's nearly $1.2 trillion in student loan debt is crippling students, their families, and the economy. There is a way to limit the amount and impact of student loan debt, and it's simpler than you might think: proper preparation.
FAM Ideals: Plan Today for a Secure Tomorrow
Founded with the mission to guide and inspire clients to fulfill their lifetime financial goals, the team members of Financial Asset Management Corporation (FAM) celebrate their 30th anniversary of doing exactly that. In 1986, a great dedication to fiscal responsibility, meshed with a strong passion for serving others, resulted in a fundamental service that has led many individuals, families, and small businesses to prosperity.
The most significant contributing factor to the Great Recession in the American economy was the collapse of the housing market. Questionable lending tactics during the early 21st century and dangerous adjustable-rate mortgages (ARMs) led to an economic bubble bursting. Homeowners suddenly were unable to afford mortgage payments that had jumped with rate hikes, and the value of homes plummeted.
CERTIFIED FINANCIAL PLANNER™ Professional Scott Kahan has been featured in the latest edition of WHAT TO DO, YOUR GUIDE TO LIVING WELL IN ARMONK, BEDFORD AND CHAPPAQUA.
In the article, "Scott Kahan: Panic is not investing", Scott answers questions many of us may have had after the latest market volatility and adds some advice for us all as well.
Whether you realize it or not, retirement is not actually the end of the rat race in life. Yes, you've worked for decades to support yourself, raise a family, provide for others, and reach your goal of walking away from the workforce and basking in the glow of your retirement funds. While many people view retirement as crossing the finish line, it is actually an event that takes place in different stages. The following stages are experienced by retirees on both a physical and mental level, and represent the major stages of life after you leave the workforce.
At Financial Asset Management Corporation (FAM), we understand that with the evolution of the Internet and social media, the way our clients consume information and communicate is changing. To accommodate your preferred methods of communication and research, we are excited to present new business tools to service and provide valuable information to our clients and friends.