When Your 401(k) Has a Bad Heir Day – Laura Mattia of Baron Financial Group discusses “Who’s Inheriting Your 401(k)?”, in Jason Zweig’s April 4, 2014 column, The Intelligent Investor in The Wall Street Journal. Click the link below to read the article.
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.
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
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.
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.
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.
Baron Financial Group is proud to announce that Nicholas Scheibner, a Financial Planner with the firm, and a 2011 graduate of William Paterson University, was recently featured in the November 2013 edition of Financial Planning magazine. The article by Kenneth Corbin lists the top schools in the country with programs for Financial Planners, including William Paterson University, and the need for qualified, well-educated graduates in the field of financial planning.
As more and more members of the baby boom generation retire and seek help with retirement planning, the need for Financial Planners rapidly grows. Nick started with Baron Financial Group in 2010, as an intern, while pursuing his degree in Financial Planning. Now, a full time Financial Planner at the firm, Nick is a CFP® (Certified Financial Planner®) candidate, having passed the rigorous exam and working towards fulfilling the requisite years of experience.
Our firm is fortunate to have Nick as a member of our financial planning team and proud to offer Fee-Only retirement planning with a team of financial experts, with the top credentials in the industry.
For mothers of special needs children financial planning is not an option but rather a necessity! The child’s quality of life will depend upon your actions or inactions, as well as your ability and willingness to prepare today for tomorrow.
Planning for children with special needs must be coordinated within the parents’ personal financial plan. When we work with a family with special needs we need to balance comprehensive financial planning for the entire family with the needs of the child, while incorporating the various disability and government programs available, in order to utilize the best planning techniques.
Special needs attorneys play a critical role in the planning process for families with special needs members. Special Needs Trusts, guardianship, and support in getting desired services and benefits are all reasons to work with attorneys. It is very important to work with an attorney who specializes in these areas. In this podcast, we have invited Laurie Hauptman, from Hauptman and Hauptman to help us understand the role of a special needs attorney when you are putting together your plan.
Credit card debt is evil! Buying stuff you can’t afford can be dangerous to your health. Learn the truth about credit card interest rates and how to avoid the pitfalls of credit card debt, by clicking on the link to Laura Mattia’s FEW video article below.
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™ 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.
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.
Host Laura Mattia and special guest Laurie A. Hauptman, Esq. (www.hauptmanlaw.com) helps us understand how an elder care attorney can assist when a crisis hits, so that you’ll be emotionally, psychologically, and financially prepared to cope with this very difficult time.
People have to plan for the future. Life expectancies are increasing and people’s retirement money needs to be stretched out longer. The government programs such as Medicare and Medicaid are being strained. Through long term care planning an elder law attorney can help people utilize government benefits, such as VA Aid and Attendance, to help pay for their increasing long term care costs.
The 7th podcast episode of “Financially Empowering Women™ with Laura Mattia,” discusses staying empowered during the divorce process.
Divorce can be devastating, both emotionally and financially. One joined life becomes two separate lives with separate finances and different directions. Assets must be split, pensions must be split, custody of children determined, and child support and or alimony established.
Our guest, Claudia Mott MBA, CFP, CDFA and owner of Epona Financial Solutions (www.eponafs.com), is a Certified Divorce Financial Analyst™ (CDFA). She has been trained to provide financial assistance to people involved in a divorce. You can call Claudia in Basking Ridge, NJ at 201 572-2177.
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.”
Baron Financial Group’s James Shagawat discusses “How Not to Outlive Your Money” on PBS’s Nightly Business Report, July 24th 2013.
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™, 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.
Host Laura Mattia and special guest Deirdre Wheatley-Liss, Esq. discuss estate planning, trusts, and the important implications they can have to everyone, particularly women. For women, estate planning is a very important part of retirement planning since it can drastically affect their lives in retirement if proper planning is not done. Inherent to the decision of becoming financially empowered, Laura continues to promote the idea of taking responsibility for yourself and caring for yourself, a key aspect of estate planning.
Deirdre Wheatley-Liss, Esq. is a Certified Elder Law Attorney and a practicing trusts and estates attorney has over fifteen years’ experience. Her passion is educating the public about the law so they can be empowered to use it to their benefit.
Deirdre Wheatley-Liss, Esq. (Trusts and estates attorney, author of Plan Your Own Estate, www.DeirdreWheatleyLiss.com).
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.
- 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
The 5th podcast episode of “Financially Empowering Women™ with Laura Mattia,” discussed what consumers should know about the affordable care act.
The discussion featured Christine Lenthe, executive vice president of Healthcare Marketing Services at a company called Everything Health, who helped us learn more about the affordable care act and what we need to do to plan and prepare.
Christine Lenthe, Executive Vice President of Healthcare Marketing Services at Everything Health, www.everythinghealth.com, 800.865.1220