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 […]

Smart Start To The New Year: 6 Questions To See If You’re Financially Fit
Six questions. That’s all it takes to see if you’re financially fit. “There is a short financial checkup that effectively predicts the key components of financial health,” says Annamaria Lusardi, one of the world’s foremost experts in financial literacy, and Director of The Global Financial Literacy Excellence Center at George Washington University. You can take the […]

Does Anyone Understand What They’re Saying?
A conversation of one Are you interested in enhanced indexing or smart beta? How about liquid alts or absolute return strategies? Concerned with style drift and mean regression? Staying away from proprietary products in your quest for alpha? Then maybe you should take a look in the private equity space. Are you still reading? Congratulations! You’ve survived […]

Quote Of The Week: “A Crisis Point For Personal Finance”
“Financial literacy levels around the world have reached a crisis point. People are increasingly expected to take responsibility for their own financial security, yet they are unequipped to do so.” Annamaria Lusardi, Director of the Global Financial Literacy Excellence Center (GFLEC), George Washington University, Washington DC and internationally recognized financial literacy expert. Too many American […]
A Revealing Look At Why Middle America Has Little in Savings
Why so many Americans in the middle class have no savings Over 40% of Americans are financially unprepared to come up with the cash they may need in a crisis, leading researchers to call them “financially fragile.” That realization led writer Neal Gabler to talk to PBS NewsHour about how, despite his career as a successful […]

Why NFL Athletes Go Bankrupt, And What You Can Learn From Them
They earn millions, but within two years of retirement, some NFL athletes start to file for bankruptcy. Financial literacy expert Annamaria Lusardi at the George Washington School of Business tracked all players drafted by NFL teams from 1996 to 2003. Her research showed that nearly 2 percent of the 2,016 athletes followed were bankrupt within two […]

Only 1/5 Of Women Got These Financial Literacy Questions Right. Can You?
(Hint: If you can’t, you’re in good company, but you’ll need to take a few extra steps to stay on track financially). I’m always interested in new research on women and financial literacy from Annamaria Lusardi, chair of economics and accountancy at the George Washington University School of Business, where I completed my MBA. Dr. Lusardi […]

U.S. Students’ Financial Literacy “Painfully Average”
U.S. teenagers ranked “painfully average” in a just-released world ranking of financial literacy skills. American 15-year-olds’ placed between eighth and 12th compared to over 29,000 students in 65 countries across the globe. The test scores were from the high profile Programme for International Student Assessment, or PISA, for short. “We certainly were disappointed, but not surprised,” says Ted Beck, CEO of […]

Financial Illiteracy: Who’s Most Vulnerable?
“In today’s world an understanding of basic financial concepts is equivalent to the ability to read and write,” says Annamaria Lusardi, one of the world’s foremost experts in the field of financial literacy, when recently interviewed. Lusardi is the academic director of George Washington University’s Global Financial Literacy Excellence Center. “The level of financial literacy is critically low, especially if we […]
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.
Have A Financial Question?
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Reduced RMDs Coming Your Way … But Not Until 2022 November 18, 2020
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Elections & Markets: What should investors do? August 26, 2020
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My 401(k) Match Just Got Axed. Now What? July 21, 2020
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Martin Luther King Jr. Day 2021 January 15, 2021
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2020 – A Year to Remember: Resilient Markets Overcome Pandemic Panic January 13, 2021
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Quote Of The Week: Stop Saving Your Money January 13, 2021
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