David Lerner Associates: Life Insurance for Small Business Owners
Nothing in this life is certain except death and taxes. When a small business owner passes away, it can be the center of turmoil and instability. It raises many issues, including personal loss, but it also raises pragmatic questions involving the replacement of a key asset and leadership going forward.
David Lerner Associates: Millennials and Financial Literacy
Millennials are exceptional in many ways - better educated than their predecessors, more ethnically diverse, and more economically active, but according to a study, even though they are burdened with student loan debts and economic uncertainty, Millennials know little about personal finance.
David Lerner Associates: Saving or Paying Off Credit Card Debt
At this time of year you will see many experts offering advice on how to set goals for 2016. Most of them lay out a plan to tackle all the aspects of your financial well-being. In the best of all possible worlds, this would be ideal. However, for many Americans it is more realistic to take on one goal at a time.
David Lerner Associates: How Interest Rate Hikes Affect Your Financial Well-Being
For the first time in nearly a decade, the Federal Reserve announced an interest rate increase - from zero percent to .25 percent immediately with more increases to come in 2016. That quarter percent might seem insignificant, but it is going to impact your finances.
David Lerner Associates: Confidence Plays a Part in the Financial Gender Gap
Women in the U.S. lag behind men in three main areas of their finances: earnings, investments, and savings. A recent Fidelity study identified a major factor that contributes to this issue - women lack confidence when it comes to handling their finances. Just 28 percent of respondents said they felt confident when it comes to picking investments without help, and 37 percent felt confident about handling retirement planning on their own.
David Lerner Associates: 5 Ways to Simplify Your Finances in 2016
Better health and fitness and an improved financial situation are on most Americans minds at this time of the year. Simplifying your finances not only improves your situation, but it can also save time and relieve stress. It makes your goals easier to accomplish.
Rethink Your Retirement Strategies
One important area of your financial well-being you should be thinking about in January is retirement. The good news is that Americans saved more in 2015 - 5.1% up from 4.6% in 2013. The bad news is that less of this money went to retirement funds.
David Lerner Associates: Financial Confidence Lower for Women and Seniors
Consumer sentiment fell slightly in December, according to the latest University of Florida consumer survey. The greatest decline was among women and people age 60 or older. The sentiment number is based on five components, and four of the five were down for women. Seniors perception of their person financial situation took a 13.6 point dive.