255 results on '"FINANCIAL planning"'
Search Results
2. TAX LAW AS FOREIGN POLICY.
- Author
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DEEKS, ASHLEY and HAYASHI, ANDREW
- Subjects
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TAX laws , *FINANCIAL planning , *FINANCIAL planners , *ECONOMIC development - Abstract
The use of economic statecraft is at a high-water mark. The United States uses sanctions, tariffs, and import and export controls more than ever before. These tools have problems, though. They impose financial costs on domestic interests. They can induce retaliation by target states. And overuse of these tools could drive the United States from its central position in the global financial and economic system, undermining the effectiveness of U.S. economic statecraft in the long run. But there is an underappreciated tool that could perform valuable foreign policy work: tax law. We argue that tax law holds promise to advance U.S. foreign policy interests and that it is especially important to deploy tax tools now. Tax law has distinctive features that make it both a partial substitute and a partial complement to other tools of economic coercion, which means that it can extend the influence of U.S. economic power while reducing the risk of overusing other economic tools. [ABSTRACT FROM AUTHOR]
- Published
- 2022
3. Financial Risk Tolerance Before and After a Stock Market Shock: Testing the Recency Bias Hypothesis.
- Author
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Rabbani, Abed G., Grable, John E., O'Neill, Barbara, Lawrence, Frances, and Yao, Zheying
- Subjects
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STOCK exchanges , *FINANCIAL markets , *FINANCIAL risk management , *FINANCIAL planners , *FINANCIAL planning - Abstract
Is there an association between a household financial decision maker's risk tolerance and the performance of the stock market? Some researchers argue that financial market events have little association with the financial risk tolerance (FRT) of household financial decision makers, while others argue that FRT among individuals can vary in relation to significant market fluctuations. The applicability of either argument may depend on the length of the period before and after a major market event. The purpose of this study was to evaluate aggregate changes in FRT around a major stock market event for different anchor time periods and to test the recency bias hypothesis. The analyses were designed to explore the FRT of Americans during a volatile multimonth period of stock market performance in 2018–2019. Several univariate, bivariate, and multivariate tests were used to compare FRT assessment scores pre- and post-October 3rd, 2018 (i.e., the market high in 2018). A decrease in FRT from the market high was noted across the sample; however, the decrease was exhibited most acutely by younger, nonmarried respondents with few investable assets. A noteworthy finding from this study is that financial counselors and financial planners likely serve a "buffering" role when household financial decision makers experience stock market shocks. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
4. Exploring Relationships Between Technology Use and Time Spent in the Financial Planning Process.
- Author
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Tharp, Derek T., Lurtz, Meghaan, Mielitz, Kate, Kitces, Michael, and Ammerman, D. Allen
- Subjects
- *
FINANCIAL planners , *TECHNOLOGY , *FINANCIAL planning , *BROKERS , *CONSUMER finance companies - Abstract
Using a nationwide online survey capturing detailed information on the backgrounds and practices of 654 financial planners, this study examines the associations between the use of technologies by financial planners and self-reported time spent within various stages of the six-step financial planning process. Surprisingly, in many cases, use of technology is associated with an increase rather than a decrease in time spent within various stages of the financial planning process. These results suggest that although technologies may provide efficiencies in completing certain tasks, these efficiencies do not necessarily result in net reductions in time spent within the financial planning process. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
5. Use of Advisors and Retirement Plan Performance.
- Author
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Yao, Rui, Wu, Weipeng, and Mendenhall, Cody
- Subjects
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DEFINED contribution pension plans , *DEFINED benefit pension plans , *RETIREMENT planning , *FINANCIAL planning , *SHARPE ratio , *FINANCIAL planners - Abstract
As defined contribution (DC) plans become more popular than defined benefit (DB) plans, American workers are increasingly responsible for their retirement savings. Because retirement plan participants' portfolio allocation is constrained by the available funds in the plan, the construction of a plan's investment menu has become extremely important. No research has evaluated fund selection in retirement plans or compared plans involving an advisor with self-directed plans. To fill this research gap, this study employs cross-sectional, nationwide data that include 5,570 retirement plans with 100 or more participants in 2013, 2014 and 2015. Results show that in most cases, using advisors is not related to plan performance. Plan sponsors should require advisors to periodically evaluate the performance of plans under their management using objective measures. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
6. What to know about the SAVE plan, the income-driven program to repay student loans.
- Author
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MORGA, ADRIANA and BINKLEY, COLLIN
- Subjects
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STUDENT loan debt , *REPAYMENTS , *FINANCIAL planners , *FINANCIAL planning - Abstract
The article discusses the introduction and impact of the SAVE plan, a new repayment initiative by the U.S. government, highlighting its benefits such as reduced loan payments and forgiveness for eligible borrowers. Topics include the structure of the SAVE plan, eligibility criteria, and comparisons with existing repayment options.
- Published
- 2024
7. Value of having finances in order.
- Subjects
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FINANCIAL planners , *WELL-being , *FINANCIAL planning - Published
- 2023
8. Chanelle Pharma extends spot-on range.
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TRAVEL hygiene , *BUSINESS planning , *TRAVEL insurance , *FINANCIAL planning , *FINANCIAL planners - Published
- 2023
9. Needed Advice for Those Getting Divorced.
- Author
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SHAPIRO, BARBARA
- Subjects
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DIVORCE , *SECURITIES , *SOCIAL security , *FINANCIAL planning , *FINANCIAL planners - Abstract
The article offers advice for getting divorced and are expected to make permanent financial decisions without any in-depth understanding of the possible ramifications. It mentions tax ramifications in selling different types of securities and how they receive Social Security. It mentions professionals understand the best way to communicate with the client and creating financial plan.
- Published
- 2020
10. Financial planning: A rewarding career that lets you make a difference.
- Subjects
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FINANCIAL planning , *WEALTH management services , *FINANCIAL planners , *BUSINESSPEOPLE , *VOCATIONAL guidance , *FULL-time employment - Abstract
Although they are held to the same professional standards, CFP professionals have achieved a more advanced level of education compared to QAFP professionals, so they're able to tackle more complex financial planning scenarios. Jay Mallari, a QAFP™ professional and president of Cambria Financial Solutions in Burnaby, B.C., recalls working with a couple who had been in Canada for more than a decade and had rented all that time. FRED ZHOU'S CAREER as a financial planner has roots in his childhood. [Extracted from the article]
- Published
- 2022
11. Definición de un modelo para la planeación financiera personal aplicado al caso colombiano.
- Author
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Rojas López, Miguel David, Maya Fernández, Lina Marcela, and Valencia, María Elena
- Subjects
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PERSONAL finance , *FINANCIAL planning , *FINANCIAL management , *INVESTMENT advisors , *FINANCIAL planners - Abstract
Personal financial planning is a set of activities required for defining objectives, setting action plans, and satisfying financial needs of individuals. Different authors represent the personal financial planning process through models, indicating disadvantages to apply them in the Colombian environment since they have been created in developed countries; they suppose the existence of a financial planning industry and there are no academic studies which adapt them to meet the inherent needs of the environment. In order to solve such disadvantages, this research proposes the definition of a unifying personal financial planning model which embraces different elements that are identified from studied models, applicable in the Colombian environment. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
12. Help Aging Parents With Their Finances.
- Author
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AMBROSE, EILEEN and BLOCK, SANDRA
- Subjects
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OLDER people , *FINANCIAL planning , *ESTATE planning , *POWER of attorney , *ASSETS (Accounting) , *FINANCIAL planners , *FINANCE - Abstract
The article offers suggestions on how people can help their aging parents with their finances. Topics discussed include the need to start the conversation with the parents regarding financial planning, with topics such as estate-planning and powers of attorney; the need to review the bank and credit card statements of the parents; and the need to assess their assets and income. Also mentioned is the need to take help from financial advisors if needed.
- Published
- 2018
13. HOW TO PICK A PLANNER.
- Author
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Quinn, Jane Bryant, Ehrenfeld, Temma, Ramin Setoodeh, and Kelley, Raina
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FINANCIAL planners , *FINANCIAL planning , *PERSONAL finance , *INVESTMENT advisors , *FINANCIAL counseling , *FINANCIAL management - Abstract
This article provides a guide for sorting good financial planners from poor ones. According to the article, a genuine financial planner is one who is certified (CFP). The North American Securities Administrators Association warns against the various types of elder or senior specialists financial planners, whose training was minimal. The article also advises people to find a CFP who is a fee-only planner with at least five to six years of experience. A list of sources is provided.
- Published
- 2006
14. Robos Get the Human Touch.
- Author
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HUANG, NELLIE S.
- Subjects
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FINANCIAL planners , *FINANCIAL planning , *401(K) plans , *ASSET management - Abstract
The article discusses how more automated advisory services are giving clients the chance to consult with financial planners and investment counselors. The Department of Labor's fiduciary rule, in effect since June 2017, requires anyone giving investment advice regarding a 401(k) or an IRA to act in the client's best interest.. Some firms are reported to have swapped their commission-based pay structure for one that charges clients a fee based on a percentage of assets under management.
- Published
- 2017
15. Mental Health First Aid training for Australian financial counsellors: An evaluation study.
- Author
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Bond, Kathy S, Jorm, Anthony F, Kitchener, Betty A, and Reavley, Nicola J
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MENTAL health services , *FIRST aid in illness & injury , *FIRST aid training , *FINANCIAL planners , *FINANCIAL planning , *TRAINING - Abstract
There is a significant link between financial difficulties and mental health problems. Those with financial difficulties and mental health problems may be more willing to seek help for financial difficulties than for mental health problems. Therefore, the aim of this study was to determine if Mental Health First Aid (MHFA) training is effective in improving financial counsellors' ability to recognise mental health problems in clients and appropriately support them to get help. Between December 2013 and July 2014, financial counsellors (n = 113) completed either face-to-face or online MHFA training and pre- and post-course surveys measuring MHFA intentions, mental health literacy and stigmatising attitudes. Results showed that MHFA training improved first aid intentions, mental health literacy and confidence in providing help, and reduced stigmatising attitudes. The findings suggest that financial counsellors are in a good position to support clients with mental health problems to get appropriate care and moreover, that MHFA is an appropriate form of training for them. [ABSTRACT FROM PUBLISHER]
- Published
- 2016
- Full Text
- View/download PDF
16. Volatility and Targeted Portfolio Returns.
- Author
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Jones, Travis L., Fraser, Steve P., and Finch, J. Howard
- Subjects
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FINANCIAL planners , *MARKET volatility , *PORTFOLIO management (Investments) , *RATE of return , *FINANCIAL risk , *FINANCIAL planning , *ECONOMICS - Abstract
Financial planners face a consistent challenge to help clients understand the trade-off between risk and return. Most clients relate to the idea of a targeted level of expected return to achieve specific wealth goals but with limited understanding of the required risk. Extended investment horizons require client discipline when market volatility appears to be enhancing the possibility of loss of wealth. The purpose of this article is to illustrate that bearing the risk associated with market volatility can reward clients with the achievement of targeted portfolio returns, even during times of great financial and economic uncertainty. Data from 1994 to 2013 is used to create hypothetical portfolios consisting of stock and bond allocations designed to target specific client return objectives. Graphical charts illustrate the resulting annual volatility associated with multiyear investment horizons. Financial planners can use these examples to better communicate the historical volatility associated with portfolios constructed to deliver target levels of return to clients. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
17. Use of Financial Planners and Portfolio Performance.
- Author
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Shan Lei and Rui Yao
- Subjects
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FINANCIAL planners , *PORTFOLIO performance , *CONSUMER finance companies , *PERFORMANCE standards , *SHARPE ratio - Abstract
Using data from the 2013 Survey of Consumer Finances, this study evaluates the potential effect of using financial planners on household portfolio performance, which was measured by Sharpe Ratio. Results revealed that households that reported using financial planners demonstrated better portfolio performance than those that did not. This lends empirical support to claims that professional financial planning services provide value to clients. Implications for investors, financial planning professionals, and researchers are discussed. Considering the direct relation between wealth accumulation and portfolio performance, financial planners should explore ways in which to work with those with limited resources to help them realize the benefits of using financial planners and improve their portfolio performance as a result. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
18. A Study of Interest and Perception of the Financial Planning Profession Among Finance Undergraduate Students.
- Author
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Leon Chen and Severns, Roger
- Subjects
- *
FINANCE education in universities & colleges , *UNDERGRADUATES , *FINANCIAL planners , *STUDENT interests , *ACADEMIC programs , *FINANCIAL planning , *EDUCATION , *ATTITUDE (Psychology) - Abstract
We conducted an annual survey of undergraduate students taking finance courses over the past 5 years (2009–2014). Our results showed that although more than 70% of students considered the financial planning profession to some extent, the percentage of students who had seriously considered it declined over time, despite the increasing number of new hires in the area. Our regression models showed that students with a higher level of related experience were more likely to show increased interest over time and that male students were less likely to change their minds regarding their decisions to become a financial planner. These results suggest that academic programs need to form stronger partnerships with the industry and to facilitate better communications with female students regarding the profession. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
19. A Study of Recognizing Conflicts of Interest in Pending Financial Planning Engagements.
- Author
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Bearden, Frank C.
- Subjects
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FINANCIAL planning , *CONFLICT of interests , *ETHICS , *FINANCIAL planners , *DESCRIPTIVE statistics , *REGRESSION analysis , *PSYCHOLOGY - Abstract
Conflicts of interest (COI) are an ethical issue for financial planners because they impair professional judgment if not addressed. This article describes a quantitative, cross-sectional study of COI recognition in pending engagements and measuring the influence of time in practice and financial planning credentials upon recognition. Participants were 51 graduates of the M.S. degree from the College for Financial Planning. Participants were asked three questions regarding each of the six hypothetical situations of pending financial planning engagements. Each question provided an indicator of COI recognition. Time in practice and financial planning credentials were used as influence factors upon COI recognition. Results indicated high COI recognition involving role conflict and low recognition with family members as clients. Time in practice was related to increased COI recognition involving role conflict. Financial planning credentials were related to increased COI recognition with a business associate as client. [ABSTRACT FROM AUTHOR]
- Published
- 2015
- Full Text
- View/download PDF
20. Solving Family Money Fights.
- Author
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Stanger, Tobie
- Subjects
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FINANCIAL planners , *FINANCIAL planning - Abstract
The article focuses on advocating a good financial planner for solving money related family disputes. Topics discussed include views of Jennifer Dawber, director of the Days of Wonder Child Care Program on having an impartial mediator for the wealth management; views of psychotherapist, Eileen Gallo who focuses on the issues of financial problems facing young adults; and views of Jennifer Safian, family and divorce mediator, who focuses on the importance of alternate financing.
- Published
- 2017
21. SECURITIES LAW CONSIDERATIONS WHEN PLANNING FOR PRIVATE EQUITY AND HEDGE FUND MANAGERS.
- Author
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Brown, Nathan R.
- Subjects
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REAL property , *STOCK ownership , *INVESTMENT advisors , *FINANCIAL planners , *FINANCIAL planning - Abstract
The article focuses on basic provisions for estate planners of the securities laws that is applicable to the ownership of fund interests and stocks by irrevocable trusts created by fund managers. It mentions the need to maintain irrevocable trusts with a bank as a trustee. It also highlights need to posses knowledge of basic securities laws that is essential for any estate planner advising fund manager clients.
- Published
- 2016
22. How to become a financial planner.
- Subjects
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FINANCIAL planners , *VOCATIONAL guidance , *FINANCIAL planning - Abstract
JAY MALLARI immigrated to Canada along with his wife in 2012. Since FP Canada launched QAFP™ certification in 2020, it has become an increasingly popular way to start a career in financial planning, and for some, it's a stepping stone to the organization's Certified Financial Planner® designation. Financial planners with highly regarded credentials, such as FP Canada's Certified Financial Planner® certification and Qualified Associate Financial Planner™ certification, have a strong competitive advantage, says Van Cauwenberghe. [Extracted from the article]
- Published
- 2022
23. Financial Report of the Executive Director for 2016.
- Author
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Wantland, Clydette L.
- Subjects
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FINANCIAL planners , *FINANCIAL planning , *ASSETS (Accounting) , *ADMINISTERED prices , *SCHOLARLY method , *FELLOWSHIP - Abstract
The article offers the information on the Financial Report of the Executive Director for 2016, to reflect the purpose and status of each of the Society's assets. The article mention about the Society administers two grants for graduate students, the Einar and Eva Lund Haugen Memorial Scholarship and the Birgit Baldwin Fellowship in Scandinavian Studies for dissertation research in the Nordic region.
- Published
- 2018
- Full Text
- View/download PDF
24. Factors Associated with Getting and Dropping Financial Advisors Among Older Adults: Evidence from Longitudinal Data.
- Author
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Cummings, Benjamin F. and James III, Russell N.
- Subjects
- *
FINANCIAL planning , *FINANCIAL planners , *WIDOWHOOD , *INVESTMENT advisors , *FINANCIAL planner-client relationships , *CLIENT relations - Abstract
Using the Asset and Health Dynamics among the Oldest Old (AHEAD), this study presents the first longitudinal results analyzing factors associated with getting and dropping a financial advisor. We find that quantitative as well as qualitative factors are significant when evaluating the value of professional financial advice. Getting a financial advisor was positively associated with becoming a widow(er), asking family members for assistance with financial decisions, seeking professional help for emotional problems, and experiencing increases in income and net worth. Among single and widowed respondents, experiencing significant cognitive decline also increases the likelihood of getting a financial advisor. Dropping a financial advisor was negatively associated with becoming a new widow(er), getting married, and experiencing an increase in net worth. No longer involving family members in financial decisions was strongly related to dropping a financial advisor. We discuss implications for practitioners relevant to both client acquisition and client retention. [ABSTRACT FROM AUTHOR]
- Published
- 2015
25. Intervention Improves Quality of Life for Patients Experiencing Financial Toxicity.
- Author
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Dawson, Charlie
- Subjects
- *
PATIENTS' attitudes , *QUALITY of life , *FINANCIAL planners , *FINANCIAL planning - Abstract
13 February 2021 • www.OncPracticeManagement.com ASH 2020 HIGHLIGHTS F inancial toxicity can have a negative effect on outcomes for patients with cancer. According to Dr Knight, previous research has shown that financial toxicity is associated with treatment noncompliance that extends to all aspects of medical care, not just medications, and noncompliance is associated with poor clinical outcomes. [Extracted from the article]
- Published
- 2021
26. Get Good Advice That Suits You.
- Author
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HUANG, NELLIE S.
- Subjects
- *
RETIREMENT benefits , *RETIREMENT planning , *FINANCIAL planners , *ROBO-advisors (Financial planning) , *FINANCIAL planning ,FEES - Abstract
The article focuses on maximizing retirement benifits through proper retirement planning. Topics discussed include selection of financial adviser for maximizing the same; services offered by robo advicers, brokers, and registered investment advicers; and fees charged by financial planners in return of their investments.
- Published
- 2018
27. FINANCIAL PLANNING GUIDE.
- Author
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GJERTSEN, EDWARD II
- Subjects
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FINANCIAL planning , *FINANCIAL planners , *CONSULTING firms , *FINANCIAL management , *CUSTOMER relationship management - Abstract
The article shows an advisory in devising an effective financial plan through consulting a Certified Financial Planner (CFP). Topics covered include standards for a CFP like financial tips should benefit interests of clients and complying to principles of integrity when handling clients, seeking CFPs through the website PlannerSearch.org, and financial plans requiring fulfillment of SMART goals like Specific, Measurable, and Realistic.
- Published
- 2015
28. Build More Wealth.
- Author
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KRISTOF, KATHY
- Subjects
- *
RETIREMENT planning , *RETIREMENT income planning , *PORTFOLIO management (Investments) , *FINANCIAL planning , *PORTFOLIO diversification , *401(K) plans , *HOUSEHOLD budgets , *FINANCIAL planners - Abstract
The article offers advice for financial planning to help individuals reach their personal financial goals into retirement. Topics include regularly reviewing an investment portfolio especially following major life events, spreading out assets among investments and diversifying within asset classes, early investment in a 401(k) account, and making a budget that includes an emergency fund. It also discusses various options for getting assistance in making financial decisions and mentions potential charges by financial advisers that one may anticipate. INSETS: How to Get Started;When to Call In a Pro;Where to Get Help.
- Published
- 2014
29. THE NEW PLAYBOOK FOR RETIREMENT.
- Author
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Connley, Courtney, Ngo, Sheiresa, and Hocker, Cliff
- Subjects
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COST of living , *RETIREMENT , *MILLENNIALS , *FINANCIAL planning , *FINANCIAL planners , *SANDWICH generation - Abstract
The article offers steps to prepare one's future, maintain one's standard of living, and get retirement back on track. Some of the tips for millennials include investing early, creating a financial plan, and getting a financial adviser. Topics discussed include what retirement means for millennials, ways to embark on an encore career, and the statistics of what is coined as the sandwich generation, adults in their 40s and 50s who have a parent 65 or older and are financially supporting a child.
- Published
- 2014
30. The Kids Are All Right: Generational Differences in Responses to the Great Recession.
- Author
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Zick, Cathleen D., Mayer, Robert N., and Glaubitz, Kara
- Subjects
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GENERATION gap , *COHORT analysis , *RECESSIONS , *LOGISTIC regression analysis , *UNIVERSITY & college employees , *FINANCIAL planners , *RETIREMENT planning - Abstract
Data from a university survey of 2,799 employees were examined to determine age cohort differences in retirement planning activities in the aftermath of the Great Recession. A life course approach and logistic regression were used to assess whether members of four different age cohorts altered their retirement planning activities. Older cohorts were more likely to have sought advice from a financial planner but were less likely to have increased time spent educating themselves about financial topics. Older cohorts were also less likely to be saving more for retirement and more likely to be delaying retirement compared to the youngest cohort. The youngest cohort members were relatively more likely to be confident that they will have sufficient funds to live comfortably after retirement. Older cohorts responded to the Great Recession by seeking safety for their retirement assets, and they resigned themselves to working longer before retirement. [ABSTRACT FROM AUTHOR]
- Published
- 2012
31. Financial Advice: Who Pays.
- Author
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Finke, Michael S., Huston, Sandra J., and Danielle D. Winchester
- Subjects
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FINANCIAL planning , *FINANCIAL services industry , *FINANCIAL management , *FINANCIAL planners , *COST - Abstract
Using a cost-benefit framework for financial planning services and proprietary data collected in the summer of 2008, the client characteristics that are associated with the likelihood of paying for professional financial advice, as well as the type of financial services purchased, are identified. Results indicate that respondents who pay for financial advice are more likely to be female, relatively older, wealthier, and college educated but do not have a high level of self-reported knowledge about financial issues. Of the respondents who purchase financial advice, those who are comprehensively-managed are more likely to be under 65, wealthy, and have high self-reported knowledge about financial issues. This study reveals important differences between the decision to pay for financial advice and the type of financial services purchased. [ABSTRACT FROM AUTHOR]
- Published
- 2011
32. Financial Planners: Educating Widows in Personal Financial Planning.
- Author
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Korb, Brian R.
- Subjects
- *
FINANCIAL planners , *PERSONAL finance , *FINANCIAL planning , *FINANCIAL management , *FINANCIAL risk management - Abstract
Widows constitute a growing segment of the U.S. population; however, very little has been done to educate them on the basics of personal financial planning. The creation and implementation of financial planning education programs for widows can help them become more financially literate and free them from anxiety and fear. Interviews with eight financial planners and 12 of their widow clients, along with research into financial planning education programs form the basis for this paper. Research findings include suggestions for financial education content in the topic areas of financial planner qualities, goal setting, cash flow management, risk management, investment management, and estate planning. Implications for the role of financial planners and non-profit educational institutions in the financial education of widows are discussed. [ABSTRACT FROM AUTHOR]
- Published
- 2010
33. SIT BACK AND ENJOY THE RIDE: FINANCIAL PLANNERS, SYMBOLIC VIOLENCE, AND THE CONTROL OF CLIENTS.
- Author
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PARNABY, PATRICK F.
- Subjects
- *
FINANCIAL planners , *FINANCIAL planning , *PROFITABILITY , *CORPORATE culture , *SOCIAL control - Abstract
Borrowing from Bourdieu's theory of practice, specifically, the relationship between forms of capital and discourse on the one hand and the nature of symbolic violence and thus control on the other (see Bourdieu 1998; 1991), this paper seeks to answer the following question: what discursive strategies do personal financial planners use to facilitate desirable client behaviour vis-à-vis market investment? On the basis of 32 semi-structured interviews with financial planners and textual analyses of relevant industry materials, I argue that planners use three essential discursive strategies: the naturalization of market volatility, the establishing of reasonable expectations, and the managing of external discourses. Together, these discursive strategies constitute the exercising of symbolic violence which, in turn, controls clients so as to cultivate a professional relationship amenable to long-term investment and profitability. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
34. 2007 Outstanding AFCPE Conference Paper: Assessing the Use and Usefulness of Current Financial Resources for Civilian Military Spouses.
- Author
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Plantier, Jennifer Hobbs and Durband, Dorothy Bagwell
- Subjects
- *
ARMIES , *FINANCIAL planners , *FINANCIAL planning , *FINANCE - Abstract
Most military installations have the resources available to operate as an independent community. However, immediate access to these resources tends to promote societal disconnection for the civilian military spouse (CMS). This disconnection leaves the CMS with many misconceptions when it comes to certain life skills. The Department of Defense (DoD) has attempted to answer these concerns with the introduction of well being plans to open the door for the CMS to seek personal financial assistance. However, this study found that CMSs preferred to seek financial assistance from formal, nonmilitary resources such as professional financial planner/ counselor and informal financial resources such as family and other military spouses. The findings provided implications for marketing, financial literacy program consistency, and military retention. [ABSTRACT FROM AUTHOR]
- Published
- 2007
35. Specific Elements of Communication That Affect Trust and Commitment in the Financial Planning Process.
- Author
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Sharpe, Deanna L., Anderson, Carol, White, Andrea, Galvan, Susan, and Siesta, Martin
- Subjects
- *
COMMUNICATION , *COMMITMENT (Psychology) , *FINANCIAL planning , *TRUST , *FINANCIAL planners - Abstract
This study used survey data from 554 planners and 128 clients of those planners to examine the relationship between specific communication tasks, communication skills, communication topics, and client trust in and commitment to their financial planner and to the financial planning process. Communication skills significantly correlated with client trust and commitment were identified, providing an empirical basis for best practices in the financial planning process. Results provide empirical support for CFP® Practice Standards relative to planner-client communication tasks and for planners taking a life planning approach to the content of planner-client discussions. [ABSTRACT FROM AUTHOR]
- Published
- 2007
36. Young Scientists Need Firm Plan To Make Up for a Late Start.
- Author
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Robinson, Ken
- Subjects
- *
SCIENTISTS , *FINANCIAL planning , *FINANCIAL management , *PERSONAL finance , *FINANCIAL planners , *WEALTH management services , *DEBT , *BUDGET , *SAVINGS - Abstract
The article presents ways for young scientists on how to make a financial plan. First, scientists should begin a new savings program. Second is to make plans to purchase a house. Third is to pay down their consumer debt if they have any. Fourth is to learn and use their institution's employee-benefit programs. The transition from student to professional is a long and busy time for a scientist. However, the effort they put into financial planning early in their career will save them money in the years to come.
- Published
- 2006
- Full Text
- View/download PDF
37. ‘Show me the money’: A review of budgets allocated towards the implementation of South Africa's Domestic Violence Act.
- Author
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Vetten, Lisa
- Subjects
- *
BUDGET , *DOMESTIC violence , *ABUSED women , *LEGISLATIVE bills , *CRIME victims , *FISCAL policy , *CRIMINAL liability , *FINANCIAL planners , *FINANCIAL planning - Abstract
As many as one in two South African women is subjected to violence at the hands of her intimate partner. To combat such abuse, the South African government passed the Domestic Violence Act in 1998. This article draws on annual budget votes as well as previous research to examine what budget has been allocated towards the Act's implementation. Finding little evidence for such financial planning, it then presents research costing the implementation of the Act at nine sites in three provinces. The actual daily expenditure on the Act suggests that it is both under-funded and under-prioritised. Budgets then are clearly an aspect of policy formulation and implementation that needs to be engaged with by those concerned with advancing gender equality. However, very few spaces exist in which to contest government departments' budgets. Lack of budget and absence of political space demonstrates weak political accountability to women. [ABSTRACT FROM AUTHOR]
- Published
- 2005
- Full Text
- View/download PDF
38. Federal Reserve System Financial Education Activities, by District.
- Subjects
- *
FINANCIAL planners , *FINANCIAL institutions , *FINANCIAL services industry , *PERSONAL finance , *FINANCIAL planning - Abstract
This article presents information about Federal Reserve System's financial education activities. "Teaching Teens About Money," is a workshop for middle and high school. "Lunch and Learn" is an ongoing series of financial education seminars for employees offering information on various financial planning and consumer protection issues. Preparation and distribution of brochures is underway advising consumers of their rights and protections in connection with credit and deposit accounts and providing information on products that have generated numerous consumer complaints.
- Published
- 2004
39. Personal Financial Management Education: An Alternative Paradigm.
- Author
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Muske, Glenn and Winter, Mary
- Subjects
- *
PERSONAL finance , *FINANCIAL management , *CASH management , *FINANCIAL security , *FINANCIAL planners , *FINANCIAL planning - Abstract
Personal financial management education has focused on recommended practices believed to ensure long-term financial security. Yet studies have found that few people actually implement such practices. This paper reports the study of seven family financial managers' practices to better understand what families did and why. While these managers had a regular and systematic cash-flow management process, the system was not what is generally recommended. The financial manager's objectives are limited to the short-term, to pay the family's bills on time, and to avoid overdrafts. Development of a practical system requires a paradigm shift built on the manager's short-term perspective and definition of life satisfaction. [ABSTRACT FROM AUTHOR]
- Published
- 2004
40. Motivating Americans To Develop Constructive Financial Behaviors.
- Subjects
- *
FINANCIAL planners , *FINANCIAL services industry , *INVESTMENT advisors , *FINANCIAL leverage , *FINANCIAL planning - Abstract
A group of distinguished financial educators, researchers, behaviorists, practitioners, nonprofit leaders, and service providers convened in May, 2004 under the sponsorship of the National Endowment for Financial Education® (NEFE®) for a think tank entitled ‘Motivating Americans to Develop Constructive Financial Behaviors.’ With the stated goals of identifying ways to inspire and maintain positive changes in the way money is managed by individuals and families in American households, participants examined potential approaches, messages, and media most likely to help reverse the kind of negative behaviors that have led to potentially devastating problems, such as low savings rates, ballooning debt load, and inadequate retirement planning. Guided by insights and themes drawn from research papers and articles submitted in advance by the participants themselves, the group examined the various barriers to changing financial behavior and developed actionable points for two primary change agents: professionals and individuals. For professionals, encompassing educators, organizations and practitioners, participants created a list of best practices; for individuals, the group generated a series of practical, readily applicable steps for improving financial circumstances. [ABSTRACT FROM AUTHOR]
- Published
- 2004
41. Accredited Financial Counselor: The State of the Designation.
- Author
-
Oleson, Mark D., Nielsen, Robert B., and Martin, Todd
- Subjects
- *
FINANCIAL planners , *INVESTMENT advisors , *FINANCIAL management , *FINANCIAL planning , *PERSONAL finance , *INVESTMENTS - Abstract
In order to gain an understanding of Accredited Financial Counselors' characteristics and professional activities, an online survey of Accredited Financial Counselors was conducted from December, 2002 to February, 2003. This paper describes the sociodemographic characteristics of Accredited Financial Counselors, reports the non-AFC financial counseling designations held by Accredited Financial Counselors, and provides a sketch of the contexts in which AFC designees are employed, including the type of employer, the number of counseling sessions typically conducted each week, and the average cost of counseling sessions. Suggestions for the growth and development of the financial counseling profession are offered [ABSTRACT FROM AUTHOR]
- Published
- 2004
42. COMING STORM OR SAFE HARBOR.
- Author
-
SCHWARTZ, KAREN
- Subjects
- *
LAW students , *FINANCIAL management , *FINANCIAL planning , *FINANCIAL planners , *PERSONAL finance , *TAX deductions - Abstract
The article focuses on financial management for law students. It discusses several financial tools and advice that law students can use to limit their debt and to their benefit in the long term which include working with a financial planner, creating a budget and living within one's means. It also mentions the difference between good and bad debt, budgeting templates and benefits of taking tax deductions.
- Published
- 2014
43. Changing Times.
- Author
-
Lapidus, Bryan
- Subjects
- *
FINANCIAL executives , *FINANCIAL planners , *FINANCIAL planning , *CORPORATE finance , *BUSINESS enterprises , *DECISION making - Abstract
The article discusses how applying the right metrics can help financial planning & analysis (FP&A) professionals aid organizations optimize business results. The author recommends companies to know when to implement strategic changes then put metrics in place to test them and to apply metrics at major decision points. He also highlights that effective metrics need to be adaptable and to continuously check the metrics for their relevance.
- Published
- 2013
44. Think like a woman … manage your money like a man.
- Author
-
McCrea, Bridget
- Subjects
- *
WOMEN'S conduct of life , *PERSONAL finance , *FINANCIAL planners , *FINANCIAL planning , *EMOTIONS - Abstract
The article offers tips on how women can negotiate on her own behalf or assert herself financially and tap her inner alpha female to meet the challenges head-on. It points out that one should first remove the emotion and any personal words to become a woman who makes sure that she gets what she wants. It suggests for women do their homework and come into the situation prepared and educated. It recommends demanding to be included in meetings with financial planners and ask questions.
- Published
- 2012
45. FINANCIAL ADVICE FOR THE REST OF US.
- Author
-
Franklin, Mary Beth
- Subjects
- *
FINANCIAL planning , *INVESTMENT advisors , *FINANCIAL planners , *WEALTH management services , *PERSONAL finance - Abstract
The article discusses the difficulty people of modest means can experience in obtaining financial advice, and describes how several individuals succeeded at this task. Some financial planners avoid taking on clients with assets below a set minimum because it is not profitable for them to do so. Occasionally a planner will agree to meet with a family member of a client, even if that person doesn't necessarily meet the planner's financial requirements. INSETS: How to Hire Your Personal CFO;Start Your Search;Go-To Sites for Online Advice.
- Published
- 2011
46. FAMILY TIES.
- Author
-
McCrea, Bridget
- Subjects
- *
FINANCIAL planners , *FINANCIAL planning , *FAMILIES , *INVESTMENT advisors , *FINANCIAL management - Abstract
The article discusses how certified financial planner Alfred McIntosh helped three generations of the Wynne-Allen family worked together to create a financial legacy in the U.S. The Allens started working with McIntosh to organize their finances, after which they introduced their son to the planner for advice on preparing for his own financial future. According to the author, the Wynnes signed up for the fee-only services of McIntosh based on a referral. Differences between the Wynnes and the Allens on how they handled their finances are discussed.
- Published
- 2010
47. Measure UP.
- Author
-
ESSAIDES, NILLY
- Subjects
- *
FINANCIAL planning , *FINANCIAL planners - Abstract
The article talks about the first annual Financial Planning and Analysis (FP&A) Benchmarking Survey launched by the U.S. Associationfor Financial Professionals on March 2, 2016 to help financial professionals to identify best practices within their organization and to achieve cost reduction.
- Published
- 2016
48. Valued Partner.
- Author
-
ESSAIDES, NILLY
- Subjects
- *
FINANCIAL planners , *FINANCIAL executives , *FINANCIAL planning - Abstract
The article focuses on a study which shows that financial planning and analysis (FP&A) professionals ranked their role as strategic partners as their number one job responsibility.
- Published
- 2016
49. GETTING THE BEST FINANCIAL ADVICE.
- Author
-
Kosnett, Jeffrey R.
- Subjects
- *
FINANCIAL planners , *INVESTMENT advisors , *FINANCIAL planning , *CONSUMERS - Abstract
The article offers advice to consumers on selecting and hiring a financial adviser. It emphasizes the importance of asking for references even before starting the search for a financial adviser. It outlines questions that can guide an individual in determining his or her needs for a financial adviser. Consumers can also consult big firms, such as Fidelity Investments, Vanguard, Charles Schwab or TD Ameritrade, if an independent adviser does not appeal to them. INSET: Personal Service, Lower Fees.
- Published
- 2008
50. Retire to your dream job.
- Author
-
Franklin, Mary Beth and Frick, Robert
- Subjects
- *
RETIREMENT planning , *HEALTH insurance reimbursement , *FINANCIAL planning , *FINANCIAL planners - Abstract
The article offers suggestions on retirement planning. Gerontologist Ken Dychtwald explains two misconceptions on retirement. He says that one should have a vision and dream for the life he wants to live and the capacity to fund it. For many workers, access to employer-provided health insurance is one important factor in deciding when to retire. Several reasons why working until 65 is no longer the definitive retirement model, are discussed. INSETS: Friendly cities for job-hunting boomers;4 steps to your encore job;Resources for work after retirement.
- Published
- 2008
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