Financial Planning

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millennials1

July 31, 2014 

Millennials are Super Savers, New Study Shows

Whatever you may think of Millennials, they are natural born savers. A new report from the Transamerica Center for Retirement Studies shows that since many of these workers entered the workforce at about the same time as the Great Recession, they've been more proactive in saving for perilous employment times.

Isaac M. O'Bannon

 PwC Report Examines Cyber Risks for Companies

July 31, 2014 

PwC Report Examines Cyber Risks for Companies

A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality…

Isaac M. O'Bannon

 With Summer Comes Sun and Financial Stress for Many Americans

July 14, 2014 

With Summer Comes Sun and Financial Stress for Many Americans

While summer has traditionally brought with it anticipation of warm weather, beach vacations, and Bar-B-Ques, a new survey shows that it also brings one more thing: financial anxiety. Fifty-nine percent of Americans said their financial tension during the summer matches or exceeds their stress during the year-end holiday season, according to a new telephone survey...…

Taija Sparkman

 Americans More Confident in Personal Finances, Savings

July 14, 2014 

Americans More Confident in Personal Finances, Savings

Sixty-four percent of respondents have some type of emergency savings – even if it’s less than three months’ expenses, found the latest results of Bankrate's Financial Security Index. The monthly survey also found measures how secure Americans feel about their personal finances compared with 12 months ago and is conducted via telephone interviews conducted by…

Taija Sparkman

 Starting a Qualified Plan for a Small Biz? It’s SIMPLE

June 30, 2014 

Starting a Qualified Plan for a Small Biz? It’s SIMPLE

SIMPLE. The name says it all. It stands for Savings Incentive Match Plan for Employees, a contrived moniker, but you get the picture. This type of qualified retirement plan, created back in 1996, is designed to provide an easy and convenient retirement plan option for small business operations.

Ken Berry, JD

 Analytical Consumers Do Better Financially

June 25, 2014 

Analytical Consumers Do Better Financially

New research by Money Anxiety shows that analytical consumers earned an average of $139 a year in interest income on a $10,000 certificate of deposit compared to only $62 in annual interest income earned by consumers who made an impulsive decision to move their money to liquid bank accounts such as checking, savings and money…

Isaac M. O'Bannon

 Survey: Men More Confident than Women on Retirement

June 4, 2014 

Survey: Men More Confident than Women on Retirement

American men, particularly those aged 51 or older and with an income over $75,000, are more confident about retirement according to a recent survey conducted by financial services group OneAmerica. Contributing to their confidence is a realistic knowledge of how much retirement income they will need.

Isaac M. O'Bannon