Monthly Archives : February 2014
Aired February 21, 2014
For many retirees their biggest fear is they’ll run out of money during their retirement years. CNBC’s Sharon Epperson gets some expert advice from leading financial planners on how to make your money last.
February 20, 2014
“Sharon Epperson and members of CNBC’s Financial Advisors Council on how to turbo charge your savings in the years before retirement.”
February 18, 2014
“‘No two people have the same retirement goals and needs,’ says Sharon Appelman, director of financial planing and income management with Francis Financial in New York City. ‘People with low incomes have to save proportionally, as do people who are making millions. They need to save enough to supplement their Social Security and maintain their lifestyles.'”
February 18, 2014
“There are no right or wrong answers, but it’s important for couples to find out what works best for them and to know they can talk openly about finances in a calm, nonthreatening manner.”
February 14, 2014
“Stacy Francis, a certified financial planner with Francis Financial in New York, advises couples to use Mint.com, a free budgeting tool that connects to your checking, savings and credit card accounts.”
Stacy answered, “Although it’s certainly tempting to reach into your 401(k) as your unemployment insurance comes to an end, resist the urge to withdraw.”
I’m a 33-year-old woman who’s been unemployed for the past six months. So far I’ve been doing okay living on unemployment, but the money I put into my 401(k) is just sitting there. I’m not sure how much longer I will be unemployed, and in another few months, my unemployment insurance will be done.
Sean Misciagna and Joel Braverman are living a comfortable life, partly because they make saving a priority.
“You never know what could happen down the road,” says Dr. Misciagna, age 35, who learned this lesson firsthand about three years ago when a brain tumor put him on medical leave for three months. Thanks to a profit-sharing plan at the medical practice where he’s a partner, and his emergency savings account, he was able to pay roughly $30,000 in medical bills not covered by insurance.
February 9, 2014
“ADVICE FROM THE PRO: ‘These two are well on their way to financial security,’ says Stacy Francis, a fee-only planner and president of Francis Financial Inc. in New York City. Among some minor adjustments, Ms. Francis says that ‘Dr. Misciagna might shift his $1,000-a-month savings to his 401(k) plan…'”