Economists say some people may be letting good times in the stock market go to their head, and their wallet. U.S. savings rates have recently dropped to a 12-year low, as Americans make record withdrawals from their investment and 401(k) accounts. Where is the money going? It’s being used to pay for everything from kitchen […]
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Money Lessons From The Super Bowl
Making it to the Super Bowl can mean big bucks in bonuses for players. Here’s what one wise financial planner who works with young athletes tells his players: look at bonuses not as extra spending money, but as way to boost your investment balances or pay down debt accumulated in the early part of your […]
Forget The Wedding Planner: Why Couples Should Hire A Financial Planner First
With more couples marrying later, and bringing debt, assets and entrenched money habits into the marriage, talking to a financial planner before tying the knot is much more important than picking out the right china pattern. It’s not just a question of who pays the bills, and whether to open a joint account. It extends […]
Wanna Be A Millionaire? Here’s What You Need To Do
What’s the secret to becoming a millionaire? Self-made millionaires clearly know how to make money, and more importantly, most know how to save it and make it grow. That’s how they accumulate wealth. Certified Financial Planner Thomas Corley spent five years researching and talking with 177 self-made millionaires for his book Rich Habits: The Daily Success […]
Quote Of The Week: Want To Make A Million? Beware Lifestyle Creep
Love this quote from financial writer Sandy Block. It helps explains why the biggest earners we work with aren’t necessarily those with the biggest portfolios… “One of the biggest barriers to reaching the $1 million milestone isn’t a stock market meltdown or even a brief period of unemployment. It’s something financial planners call lifestyle creep – […]
Aye Matey! Too Much Real Estate Sinks Pirate Johnny Depp’s Ship
The new “Pirates of the Caribbean” movie installment just opened in the theaters, and let’s hope it generates a treasure chest of gold for star Johnny Depp. He needs it, or else he may be forced to walk the plank by lenders and tax collectors at the IRS. How on earth did Depp get himself into […]
Cheat Sheet: When Is It OK To Help Out The Kids?
No need to be ashamed. We know that parents often get roped into paying a bill or two for their grown-up kids. (Full confession: I’ve paid more than my share!). In fact, more than half of parents surveyed admit to having helped out the kids financially within the last 12 months. But there’s nothing more agonizing […]
Hey, Girlfriends … Time To Celebrate!
Forget the staycation. If you’re female and over 40, you know the best thing around is the girlfriend getaway. It’s all about celebrating – often far, far away – with those near and dear to you. Sometimes it’s as simple as meeting up for dinner in your hometown or spending the weekend at a beach hotel to celebrate a […]
“No Ragrets” – What’s On Americans’ Top 5 Financial Do-Over List
Scotty P of “We’re the Millers” may disagree, but when it comes to money, most Americans say they would do things differently if only given the chance. Here are their top 5 financial regrets that they would pick for a “do-over”: 1). Not saving for retirement early enough 2). Not saving enough for emergencies 3). Taking on […]
The Happy Medium Between Spending vs. Saving
Our clients, like most Americans, try to do the right thing. They understand that the responsibility of saving for retirement is squarely on their shoulders, and they struggle to put money aside month by month, year by year. But where’s the happy medium? How much should they save (or can they save) for the future if […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
