Baron Financial Team Answers Questions About “Your Personal Economy” As we approach November 3rd, bombarded with election commentary and commercials, you might be asking yourself:
The "Baron Financial Group Market Update" is a video series where we present what has happened in the markets, what our team is doing now, and what we are looking at down the road. Watch our September 2020 Market Update video here, presented by Anthony Benante, CFA:
Victor Cannillo is quoted on this topic in an article on NJMoneyHelp.com by Karin Price Mueller, originally published on July 30, 2020. A 90-second read by Victor Cannillo: If you are a grandparent who has set up a college-savings plan for your grandchild, you may be concerned as to how it could affect their financial aid eligibility. Here are some things to consider.
The "Baron Financial Group Market Update" is a video series where we present what has happened in the markets, what our team is doing now, and what we are looking at down the road. Watch our August 2020 Market Update video here:
The "Baron Financial Group Market Update" is a new video series where we talk about what has happened in the markets, what our team is doing now, and what we are looking at down the road. Watch our July 2020 Market Update video here:
There are many factors to consider when comparing an exchange-traded fund (ETF) and an index mutual fund. An ETF is a marketable security that tracks an index, like an index fund. A Mutual Fund is an investment company that pools money from shareholders and invests in a variety of securities, including stocks, bonds and money market funds. A main difference between an ETF and an index mutual fund is an ETF trades continuously while the market is open, while the index mutual fund trades one time a day at market close.
The "Baron Financial Group Market Update" is a new video series where we talk about what has happened in the markets, what our team is doing now, and what we are looking at down the road.
Increasingly, we understand that there can be a need to have an additional person like a trusted family member or friend we can contact to ensure the well-being of a client. As we age, we may start to see that a person’s mindfulness and mental capacity diminishes. For some, early-onset dementia or other illness necessitates having a trusted contact in place at an earlier age.
First and foremost, our thoughts go out to the individuals and families who have been affected by the coronavirus. Our main concern is the health and well-being of our global community. During times of financial uncertainty, it’s often helpful to take a step back and identify what we know and what we don’t know, as well as what we can control and what we can’t control. These types of thinking exercises can help us make good decisions.
Because we have personally seen several recent phishing emails claiming to be from Amazon, Chase Bank, Capital One, the IRS, among others, we felt it was important to remind everyone to be aware of fraudulent emails and phone calls asking for personally identifiable information. It is key to remember that you will never receive an email or a phone call, from the IRS or your bank, asking for your social security number or account number. Always assume this is a fraudulent call or email and do not give out any sensitive information.
For many of us, our four-legged companions have become a part of our families. Perhaps you have thought about whether pet insurance is something you should consider for your pet, but don’t know much about it.
A 30-second read by the Baron Team: As Financial Advisors, it is our responsibility to protect all of our clients from financial abuse, if possible, but it is the senior client that may be the most susceptible and needs our protection. Unfortunately, they may become victims of financial abuse at the hands of their caregivers or family members. Often, abusers isolate their victims from loved ones or professionals in order to hide their fraudulent activity. If you have a client or know someone that you suspect is a victim of abuse (of any kind), Aginginvestor.com provided these “Three things to do if you think your client is being isolated from others”: