GOBankingRates - May 15, 2020

10 Reasons Why Talking To Kids About Money Is More Important Than Ever

Quotes from Sandra Adams, CFP® and Matt Trujillo, CFP®

Many parents have lost their jobs or have had their hours cut and are bringing in reduced earnings. Others might have lost money due to the stock market plummeting. These changes can obviously have an effect on their children, but money can be a difficult thing to talk to kids about. Even if you haven’t felt adverse effects from the coronavirus pandemic personally, it’s still a good time to have an honest conversation about money with your kids.

U.S. News & World Report - May 13, 2020

How to Avoid Panicking When Your 401(k) Is Down

Quotes from Robert Ingram, CFP®

The balance in your 401(k) account may have dropped recently as the market plunged. Starting from a high of over 29,000 in February 2020, the Dow Jones Industrial Average sank below 19,000 in March 2020. With uncertainty surrounding the coronavirus pandemic, global markets continue to be volatile.

Wealth Management - April 30, 2020

A Virtual IMPACT Approved by Advisors

Quotes from Sandra Adams, CFP®

Schwab Advisor Services’ decision to remake all of their remaining conferences for 2020—including their national conference Schwab IMPACT, previously scheduled for November 10 in Boston—into virtual conferences, could signal a permanent change in the way industry conferences are handled in the future.

And according to many advisors, it’s a change they would welcome.

The Street - April 15, 2020

Retirement Planning for Widows and Widowers

Sandra Adams, CFP® guest contributor

It’s a wild ride, but just hang on.

Investors can survive and eventually prosper despite the horrific pandemic-driven stock market gyrations we are experiencing, investment professionals say.

“Don’t panic. Never in my near-40-year career have I once heard someone say, ‘Gee, I’m glad I panicked,’ ” said Richard Bernstein, a longtime financial adviser with his own firm in Manhattan.

New York Post - April 4, 2020

Investment professionals say ‘don’t panic’ amid coronavirus fears

Quotes from Sandra Adams, CFP®

It’s a wild ride, but just hang on.

Investors can survive and eventually prosper despite the horrific pandemic-driven stock market gyrations we are experiencing, investment professionals say.

“Don’t panic. Never in my near-40-year career have I once heard someone say, ‘Gee, I’m glad I panicked,’ ” said Richard Bernstein, a longtime financial adviser with his own firm in Manhattan.

U.S. News & World Report - March 30, 2020

Advising Clients on Using a Backdoor Roth IRA

Quotes from Timothy Wyman, CFP®, JD and Nick Defenthaler, CFP®, RICP®

MORE INCOME IS ALWAYS better, but it does come with at least one drawback: The IRS does not allow high earners to contribute to a Roth IRA.

Single filers earning $139,000 or more and married filers earning $206,000 or more cannot contribute to a Roth IRA in 2020. This means your high earning clients are left without access to a potent tax-advantaged retirement savings vehicle unless they use the back door to get in.

Financial Advisor Magazine - March 24, 2020

Some RIAs Vow To Keep All Staff In Place

Quotes from Timothy Wyman, CFP®, JD

A number of registered investment advisory firms—including some well-know billion-dollar shops—are vowing to hold on to all of their talent as the coronavirus challenge continues despite anticipating a sharp haircut to revenues.

FOX 2 Detroit - March 20, 2020

With no coronavirus end in sight, money concerns growing for Michigan residents

Interview with Timothy Wyman, CFP®, JD

As the economic fallout from the coronavirus outbreak starts coming into focus, residents in Michigan whose shifts were cut or were laid off from their jobs are worried how they will pay bills.

MarketWatch - March 6, 2020

Retirement and old age can be dire for women — here’s how to fix it

Quotes from Sandra Adams, CFP®

Women around the world are being highlighted and celebrated in March as part of women’s history month — their retirement plans need some of that attention, too.

Money - February 28, 2020

Three Steps to Protect Your Retirement from Coronavirus Market Swings

Quotes from Tim Wyman, CFP®, JD

After weeks of resistance, the U.S. stock market has been laid low by the global spread of the coronavirus (COVID-19).

From February 19th through February 27, the S&P 500 fell more than 11%, as the reality set in that our economy will slow at least temporarily as production in major supply markets (namely, China) is curtailed, and consumer spending may decrease.

TheStreet - February 14, 2020

Retirement Planning for Widows and Widowers

Sandra Adams, CFP® guest contributor

One of the primary concerns clients often have is making sure that their money will last as long as they do. Longevity concerns and the desire to be certain that their hard-earned money lasts a lifetime weighs heavy on the minds of those planning for retirement. Embedded in longevity concerns are fears that there may be some major medical or long-term care event that will eat up a large portion of retirement savings, making it harder to stretch retirement income and assets over a lifetime.

FOX 2 Detroit - February 6, 2020

Identity theft rises during tax season. Here's how to protect against that

Interview with Tim Wyman, CFP®, JD

Tax season has arrived, which means so will that refund. 

However, not everyone is looking to file their own taxes. Some people, specifically the bad guys, will be busy looking for other people's filings. Tax specialists are warning these crimes tend to rise during this time of year.

WXYZ Detroit - February 4, 2020

Tax Identity Theft Awareness Week

Interview with Tim Wyman, CFP®, JD and Nick Defenthaler, CFP®, RICP®