About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!
Author Archive | Mari Adam
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IRA Contribution Limits Stuck At $6k Next Year

Sorry! IRS says IRA contribution limits will NOT go up for 2020. They stay at $6,000 total for your Traditional or Roth IRAs ($7,000 if age 50 or over). Financial Tip: If you’re eligible to contribute, make sure you do so. Those annual contributions can add up to big amounts over a lifetime.

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Women CFPs: How Far We’ve Come!

Here’s what the first class of Certified Financial Planners (CFPs) looked like in 1973. Check out the wide ties and plaid jackets! It’s got “That 70’s Show” written all over it. Here’s another way to tell it’s the 70’s: there are only 2 female faces among the 42 newly licensed CFPs. (That’s less than 5%; […]

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Quote Of The Week: Charities Struggle Under New Tax Rules

“‘Charitable giving by individuals is at its lowest level since the financial crisis, and financial advisers point to changes in the tax law as the reason.” Greg Iacurci, “Uncharitable Giving,” Investment News, November 9, 2019 Financial Tip: It’s true that the tax changes have made it a little harder for some people to help their […]

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Hey 401(k) Savers: You Can Contribute More In 2020

Good news for 401(k) savers! The IRS says you can contribute more to your 401(k) in 2020. Under 50? The savings limit will increase from $19,000 this year to $19,500 next year. Age 50 or over? The limit goes up from $25,000 to $26,000. Make sure to tell your employer to change your payroll deductions […]

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Buying A New Car? Keep Your Car Loan Short And Sweet

New cars are getting more expensive. Hard to believe, but the average sales price on a new car today is more than $37,000. That is tempting some consumers to stretch out car loans to make their monthly payments more affordable. But car experts advise against long-term car loans. “Although stretching the length of a car […]

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Who’s The Best? These 529 College Savings Plans Are, According To Morningstar

Investment research experts at Morningstar have announced their winners for Top 529 College Savings Plans for 2019. You’re probably familiar with 529 plans. These are great ways to save for college for your kids or grandkids. Your money grows tax-free, and withdrawals are tax-free as well when used to pay for college expenses. That makes […]

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On Veterans Day 2019, Honoring All Those Who Have Served

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A Better Way After Divorce

I’m still so excited about a presentation I gave Monday for the Boca Raton chapter of the National Association of Divorce Professionals (NADP). The talk was on “The Power of Positive Planning After Divorce,” and it showed how smart financial and investment planning after divorce can totally change financial outcomes and put divorced individuals back on track […]

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What Investors’ Big Cash Stash Could Mean For The Markets

You’ve undoubtedly noticed that markets have been topping new highs recently. Yet, no one knows for sure whether even higher peaks are ahead, or a pullback is looming. Our clients know we don’t try to time the market. The broad lines of every client’s strategy is set to meet long-term goals, and we urge clients […]

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‘Tis The Season! How I Give Back For The Holidays

One of the most powerful experiences of my undergraduate years was living with a family and studying in a university overseas. I perfected my language skills, got to see life from a different perspective, and segued into a post-grad career as a Foreign Service Officer working at Embassies abroad. (Not to mention filling in as […]

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