David Lerner Associates Announces 7th Annual Charity Car Show
David Lerner Associates, a privately held securities broker dealer headquartered in Syosset, New York, announced today the 7th Annual David Lerner Associates Charity Car Show will be held on Sunday, July 17, 2016 at David Lerner Associates headquarters, 477 Jericho Turnpike, Syosset, New York 11791. All proceeds from the event will be donated directly to the Nassau-Suffolk Chapter of the Autism Society of America to assist Long Island families affected by autism.
A New Look at the American Dream
Whenever the conversation turns to financial goals and a secure future, certain ideas at the core of The American Dream pop up - save for retirement and own your own home are two of those. However, times have changed economically.
Credit Card Debt on the Rise in America
Even though America is economy is in somewhat better condition now, studies show that credit card debt is at the highest level since 2008. Based on data from the Federal Reserve, outstanding credit card debt is set to hit $1 trillion in 2016. This indicates that consumers are reverting to pre-recession spending patterns.
The Retirement Spending Smile
Most people assume that once you retire, your spending pattern will be the same year-to-year. Research has shown that this, in fact, is not the case. Two studies came to the same conclusion. We spend more at the beginning of retirement and again towards the end. The graph of a retiree is spending pattern looks like a big smile.
College Students Personal Finance Grade a C or Worse
In a LendEDU study of 455 college students, 59% rated their ability to manage their money and their finances at a C grade or worse. The survey posed 25 questions to the students, covering how they felt about their financial knowledge to spending habits, budgeting, and saving.
David Lerner Associates Long Island Police Appreciation Run Has Raised More Than $300,000 for the Police Crisis Fund Over the Past 25 Years
David Lerner Associates has organized the Long Island Police Appreciation Run, along with the Greater Long Island Running Club, since its inception in 1991 and has raised more than $300,000.
Why the 4 Percent Rule No Longer Works
For decades Americans have calculated their retirement saving needs on the 4% Rule - if you can withdraw 4% of your retirement fund per year, there is every chance you will have enough money for your golden years. That rule was calculated on interest rates much higher than we are seeing now, and it is proving to be not so reliable for people who will retire in the future.
Smart Money Lessons from the Very Wealthy
We believe that when someone shows success in a field we could learn a thing or two from them. A master craftsman knows how to create beautiful objects, and a professor with a doctorate degree can teach his students well. This idea holds true in the field of finances too - those who have made a lot of money know things that could help the rest of us do better.