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Search results for "CFP"



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It pays to educate yourself about 529 savings plans

Financial advisor Howard Pressman has two clients, a married couple, whose son is in his last year of college. The 529 college savings plan they set up when their son was a child has almost entirely funded his higher education. They planned well, Pressman explained. Pressman said if the money had been kept in an age-based portfolio within that 529 plan, they might have fallen far short of that ...
Source: CNBC.com | By: Sarah O'Brien, special to CNBC.com
Advisors to clients: Keep emotions in check

In the midst of some crazy market volatility and worldwide stocks plunging further amid doubts about China, investors are reaching out to their financial advisors for some reassurance. CNBC contacted members of our Financial Advisor Council and we found their clients are asking questions such as: Should we invest more in stocks, now that the market has come down? Will there be bargains? What ...
Source: CNBC.com | By: Jim Pavia
Gen Y investors are just saying 'no' to stocks

The standard advice from financial advisors to 20-somethings is to invest as much as they can in stocks-regardless of periodic market swings, however wild, like those seen over the past few days-and watch long-term compounding do its magic for the next 40-plus years. But millennials, the 80-million-strong generation born between 1980 and 2000, don't seem to be getting the message. A slew of ...
Source: CNBC.com | By: Ilana Polyak, special to CNBC.com
5 reasons not to act your age when investing

With money from a summer job, financial advisor Rick Ferri's daughter made her first stock market investments in 2008. Soon the markets-and her investment-tanked. Though just 20, she panicked and told Ferri, president of investment management firm Portfolio Solutions, that she couldn't stomach the volatility and was ready to call it quits. Though Ferri talked his daughter out of selling, the ...
Source: CNBC.com | By: Ilana Polyak, special to CNBC.com
All kidding aside, do you have a retirement plan?

Retirement portfolio strategies come in all shapes and sizes. They can be "lumpy," have buckets or look like a paycheck. Presenting the information in a client-friendly format can be a challenge for financial advisors. Here's a look at some of the more common strategies advisors employ, and how select financial planners explain them to clients. "Buckets." "The 'buckets' approach takes a ...
Source: CNBC.com | By: Deborah Nason, special to CNBC.com
As Social Security ages, will Gen Y get stiffed?

With the Social Security program turning 80 today-and facing an ever more uncertain future-CNBC senior personal finance correspondent Sharon Epperson discusses possible contingency retirement strategies for millennial investors with three certified financial planners: Tim Maurer, director of personal finance at The BAM Alliance; Amanda Lott, a wealth advisor with Regent Atlantic Capital; and ...
Source: CNBC.com | By: Kenneth Kiesnoski
These young investors are quite conservative

Are millennials risk-averse? Well, yes and no. "Yes, absolutely," said Marguerita Cheng, certified financial planner and CEO of Blue Ocean Global Wealth. "I don't like to generalize, but I have witnessed this firsthand. "Some younger investors ... are extremely risk averse because they have seen their parents lose their jobs, lose equity in their homes and experience stock market declines ...
Source: CNBC.com | By: Deborah Nason, special to CNBC.com
Taxes: Are Bill and Hillary paying too much?

Some people relax by reading, going to a gym or just taking a walk. I like to review tax returns! I like to see where, if I was doing their return, I might be able to lower their taxes. Bill and Hillary Clinton just released their tax returns, so here's a peek at where I think they could've saved some money: Total income: For 2013 and 2014, their income was $27 million and $28 million dollars, ...
Source: CNBC.com | By: Jerry Lynch