Category Archives: Retirement Planning

FEW’s July Column – The Risks of Failing to Plan for Long-Term Care Costs

There’s a high chance you’ll need nursing-home care, yet many fail to plan. You have planned for a comfortable retirement: where you want to live, how much you want to travel, how you would like to spend your days – and how you’re going to pay for it all. One thing that could derail this plan financially is your health. The related financial problem doesn’t stem from becoming sick and dying, but from becoming sick and living – and needing long-term care. Read Laura Mattia’s July 2014 Financially Empowering Women(FEW) column to learn more about planning for long-term care.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column July 1, 2014

 

FEW’s May Column – How Your Ex-Spouse Could Inherit Most of Your Money

Most people aren’t aware that their wills don’t have the final say concerning assets held in retirement accounts – 401(k) plans and individual retirement accounts (IRAs).  The beneficiary provisions of these accounts supersede those of wills. Read Laura Mattia’s May 2014 Financially Empowering Women(FEW) column to learn more about wills and beneficiaries.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column May 23, 2014

 

Baron Financial Hosts 7th Annual Town Hall Meeting

Baron Financial Group hosted their 7th annual Town Hall Meeting at the Fair Lawn Community Center in Fair Lawn.  Attendees at our “International Town Hall Meeting”  were treated to an investment discussion by the Baron Principals about International Investments and active versus passive management.  Bill Chisholm of Thornburg Investment Management, the guest speaker, spoke about how international holdings can add value and diversification to a client’s portfolio.  A video of the presentation will soon be available on our website.

Baron Financial Group Wealth Management Principals, left to right, Laura Mattia, Jim Shagawat, Victor Cannillo, Anthony Benante

Baron Financial Group Wealth Management Principals, left to right, Laura Mattia, Jim Shagawat, Victor Cannillo, Anthony Benante

Baron’s clients, friends, and guests enjoyed the event, as well as the international treats!

Baron Financial Group, in honor of our clients and friends, donated to the Fair Lawn Food Pantry.

Financially Empowering Women™: Women: Ask for a Raise – But Make Sure You’re Worth it

For many of us, our human capital (we measure this as the PV of all of our future earnings) is greater than our financial capital. As a financial adviser, we view Human Capital as a very important asset in our overall wealth. On this show we are going to talk about how women can grow this very important asset class by discussing empowerment in their career. The most fundamental way for you as a working woman to increase your human capital is to get a raise. Of course we want to convert this human capital into investment capital so that you can save and grow it for future needs such as retirement. Recent studies show that women’s earnings on average are about 77 percent of men’s. Click the link below to listen to the podcast discussion on how to effectively communicate in business with guest Christine Clifton, business communication coach, trainer and speaker (201-738-7463).

Click here to listen to the broadcast

Financially Empowering Women™: Avoiding High Health Care Costs – Part of Your Financial Plan

Many of you have heard Laura say that when we plan for retirement, we should look at the things that we can control and put together our best plans to increase our probability of success. Well that is all well and good but there is one thing that we cannot control and it is an area of life that scares us all. Yes, we are talking about rising health care costs. Many people find the idea of planning for these costs so daunting that they choose to ignore these costs altogether when planning for retirement. Well, you know that ignoring something doesn’t make it go away, and furthermore, the idea of ignoring this problematic issue is incongruent with our philosophy of claiming our financial power. Click the link below to read more about avoiding high health care costs and listen to the podcast.

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FEW’s March Column – Where Do Bonds Fit in Your Investment Plan?

There’s no simple answer to whether you should own bonds.  Conventional financial wisdom holds that bonds are an essential part of any portfolio.  But while bonds can play an important role of adding security, whether to include them – and if so, at what level – isn’t an automatic decision. Read Laura Mattia’s March 2014 Financially Empowering Women(FEW) column to read more about where bonds fit in your investment plan.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column March 20, 2014

Financially Empowering Women™: International Investing

Today’s show is focused on international investing. While many investors have been shying away from investing in Europe and Emerging Markets, a well-diversified portfolio will have international investments that go beyond today’s news. Our guest today is Bill Chisholm from Thornburg Investment Management who helps us understand why international investments are important. Over the past 10 years, international investments have outperformed the US market, as measured by the S&P 500, 7 out of 10 times. Click the link below to read more about international investing and listen to the podcast.

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Upcoming Financially Empowering Women™ classes for women being offered at William Paterson University in Wayne

Financially Empowering Women™, an educational two-session course taught by Baron’s Laura Mattia, will be held at William Paterson University, 1600 Valley Road, Wayne, NJ, on two consecutive Tuesday evenings, March 25th and April 1st, 2014 from 6:30-9:00pm. The class provides unbiased and objective knowledge for women who are in or near retirement, to help them make informed decisions and plan for a successful retirement.

Financially Empowering Women™ is about Claiming Your Financial Power.  You are in charge.  You control your destiny and you make financial decisions based upon what is best for you.  No excuses, you can do it and by taking claim of your financial life you will have the resources to achieve your goals.  Claiming financial power is not about hoarding money.  It is about understanding how money works and using it to help you live your life, on your terms.

Attendees will receive a workbook containing exercises, with examples, to become financially empowered.

To register call Valerie at William Paterson University at 973-720-3804 or visit their website at www.wpunj.edu/cpe

 

FEW’s February Column – Think Bonds are Risk-Free? Think Again

Bonds are widely viewed as a low-risk investment that can fortify overall portfolios against the ups and downs of stocks. Yet, while they can reduce risk to portfolios through diversification, bonds themselves present risks that most investors are’t aware of.  Read Laura Mattia’s February  2014 Financially Empowering Women(FEW) column and find out if bonds still have a place in your investments.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column Feb. 25, 2014

Women, Wine & Wealth Series: “Women and Care Giving”

Baron Financial Group held its latest Women, Wine & Wealth event on Feb. 11, 2014 with guest presenter, Laurie Hauptman, Esq., discussing Women and Care Giving, caring for an elderly family member or a special needs child.  The presentation is part of an educational series, geared especially for women, combining an interesting financial topic with wine and Hors d’Oeuvres.

We believe that education is empowering.  Our purpose is to provide objective financial advice, allowing for informed decisions to plan for a successful retirement.  A question and answer session followed the discussion.

Laura Mattia of Baron Financial Group and Laurie Hauptman of Hauptman & Hauptman, PC discussing Women and Care Giving

Laura Mattia of Baron Financial Group and Laurie Hauptman of Hauptman & Hauptman, PC discussing Women and Care Giving

Laurie A. Hauptman, Esq. is a graduate of SUNY Binghamton and Hofstra Law School. She has been practicing for 25 years, the last 15 with her husband Yale at Hauptman & Hauptman, PC.  A law firm devoted exclusively to elder and disability law. Laurie is a frequent lecturer on elder law and special needs topics.

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Financially Empowering Women™: Women’s Empowerment as Consumers, & What are ETFs?

In today’s show we discuss two very disparate topics;

Women’s Empowerment as consumers:  Money is one of the major sources of power. Understanding, controlling, managing, spending and earning money provides status, power, freedom and control of everyone and everything that money can buy.  As women, holding these abilities over money tips the scales and balances power, which is why I think the idea of financially empowering women is so very important. 

This is why we produce this podcast and offer seminars – to inspire women to become empowered and that is why we support organizations (from the local chapters of NOW to various other groups) that support women.  One such group is The Women’s Choice Award, which is dedicated to empowering women by supporting women’s decisions as consumers.  The Women’s Choice Award for Financial Advisors was created by WomenCertified®, Inc in partnership with WIFE.org (Women’s Institute for Financial Education).  Today we speak to the founder of the Women’s Choice Award and the CEO of WomenCertified®, Delia Passi, who is the leading female consumer advocate in the nation.

What are ETF’s:  An ETF or Exchange-traded funds is an investment company which usually invests with the objective to achieve similar returns as a particular asset class or market index.  ETFs have grown in popularity over the past decade because of their flexibility to trade like a stock and provide instant diversification in the form of an index fund.  In this answer to a mailbag question, we discuss the advantages of an ETF over individual stocks, mutual funds and index funds but we also talk about the need to understand what you invest in.  You don’t need to know about the plethora of investments that are out there, but you do need to know about the things that you own and if you decide to invest in ETF, make sure to do your research. 

Click here to listen to the broadcast

Laura Mattia’s Finance Column to appear monthly on ABC News.com

We are pleased to announce that our own Laura Mattia is authoring a monthly finance column as part of ABC News.com.  The column is aimed at women interested in improving their comfort level with money in general and gaining knowledge and the confidence to invest wisely.   The first installment can be found on the site’s Money homepage http://abcnews.go.com/business. Click on Laura’s picture to find the inaugural column and all future columns.

Financially Empowering Women™ Classes held at the Franklin Lakes Public Library & William Paterson University

Financially Empowering Women™ is about Claiming Your Financial Power.  Claiming financial power is not about hoarding money.  It is about understanding how money works and using it to help you live your life, on your terms.  These educational classes, geared especially for women, were held in Franklin Lakes and Wayne in October.Few FL 2013

The women attendees learned:

  • What should I do now to give me the best chance to attain my goals for myself and my family in the future?
  • How do I protect my savings while enjoying my retirement?
  • Are there things that I should know about Social Security and Health Care?
  • How can I get the most out of my 401(k), IRA or other retirement plan?
  • How do I protect myself against the risks that could derail my plan, including divorce and widowhood?

The classes were taught by Laura Mattia, CFP®, MBA, PhD Candidate, Finance Professor at Rutgers University and radio show host of Financially Empowering Women™ with Laura Mattia.  Laura is also a Principal of Baron Financial Group, a Fee-Only, Registered Investment Advisory firm, which recently received the  Women’s Choice Award® for Financial Advisors, based on extraordinary recommendations from our female clients in a customer satisfaction survey.

Baron Financial Group, a Women-Friendly Firm

Liz Skinner of InvestmentNews interviews Laura Mattia of Baron Financial Group, in the July 26, 2013 article “Women-friendly, with the seal to prove it”.  Laura discusses why Baron was chosen to receive the Women’s Choice Award for Financial Advisors, and how the firm helps educate women. The award is based on rigorous research and evaluation applying 17 objective criteria, and at the time of publication, only seven firms and advisers (only 11% of those evaluated) had qualified to receive this premier recognition.

” ‘The stamp says these people do the right thing for women,’ said Laura Mattia, a principal with Baron Financial Group LLC, which has been given the award. ”It helps them know we’ll answer every little question they ask.”

Ms. Mattia said her firm didn’t plan to make women the focus of their practice, but it found that women responded well to its focus on educating clients and hand-holding through the financial planning process.  Today, Baron Financial helps many single women, divorcees and widows – many of whom have never handled their own finances.  It also produces a monthly podcast, “Financially Empowering Women,” which attracts between 800 and 1,000 listeners.”

Click here to read the complete article

Laura Mattia featured monthly in iPad’s “Mindful Money Magazine”

Baron Financial Group is continuing to look at alternative ways to offer objective, financial education to our clients and friends, as well as the public. One of the newer and more popular formats is the iPad virtual magazine, Mindful Money Magazine, where our own Laura Mattia is featured monthly. A free 3 month subscription is available. You can download the App from the Apple App Store or at http://bit.ly/MindfulMoneyMag. Once the download is complete, click subscribe. Enter the coupon name: 3free under “Your Account Number” or “Current Subscriber”. Enjoy!

Financially Empowering Women™ Seminar held at the Morris Museum

Laura Mattia presenting a Financially Empowering Women session in Morristown, NJ

Laura Mattia presenting a Financially Empowering Women session in Morristown, NJ

Financially Empowering Women™, a free educational seminar, geared especially for women, was held at the Morris Museum, 6 Normandy Heights Road, Morristown, New Jersey, on Thursday, July 11, 2013. 

This informative seminar was taught by Laura Mattia, CFP®, MBA, PhD Candidate, Finance Professor at Rutgers University and radio show host of Financially Empowering Women™ with Laura Mattia.  Laura is also a Principal of Baron Financial Group, a Fee-Only, Registered Investment Advisory firm, which recently received the  Women’s Choice Award® for Financial Advisors, based on extraordinary recommendations from our female clients in a customer satisfaction survey.

The symposium was about Claiming Your Financial Power.  You are in charge.  You control your destiny and you make financial decisions based upon what is best for you.  No excuses, you can do it and by taking claim of your financial life you will have the resources to achieve your goals.  Claiming financial power is not about hoarding money.  It is about understanding how money works and using it to help you live your life, on your terms.

Financially Empowering Women™ Seminar held at the Allendale Library

Financially Empowering Women™, a free educational seminar was held at the Lee Memorial Library, 500 West Crescent Ave., Allendale, New Jersey on Thursday, June 20th from 7pm – 8:30pm. 

Attendees learned: 

  • Why women need to understand  finance
  • Why women are natural investors
  • Where to start – values & lifetime goals
  • Understanding your ability for risk
  • Developing the confidence for success with money

This informative seminar was taught by Laura Mattia, CFP®, MBA, PhD Candidate in financial planning, and Finance professor at Rutgers University.   

About Laura Mattia MBA, CFP®, CRPS®, CDFA, NAPFA-Registered Financial Advisor, works as a finance professor at Rutgers University and is a Principal of Baron Financial Group, a Fee-Only, Registered Investment Advisory firm.  Laura is a PhD candidate, focusing her research on how to better prepare women for retirement and she is the radio show host of Financially Empowering Women™ with Laura Mattia

 For more information on Financially Empowering Women™ educational programs, visit www.financiallyempoweringwomen.com or email info@financiallyempoweringwomen.com.