News feed from Public News category http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews.aspx http://backend.userland.com/rss Joe Alfonso on avoiding big 401(k) mistakes When the <a href="http://online.wsj.com/article/SB10001424127887324240804578415083879611400.html?KEYWORDS=VERONICA DAGHER">Wall St. Journal</a> needed expert advice on the big 401(k) mistakes people make, one of the advisors they turned to was ACA fee-only financial planner <a href="http://www.aegisadvisory.com/">Joe Alfonso</a> of Lake Oswego, OR.&nbsp;&nbsp; Joe shared that one big mistake is ignoring fees.&nbsp; 401(k)s are not a free benefit - there are costs associated with the plan itself (which must now be disclosed) and costs associated with the specific investments you choose.&nbsp; If you're not paying attention, these costs can eat into your account balance. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-04-13/Joe_Alfonso_on_avoiding_big_401_k_mistakes.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-04-13/Joe_Alfonso_on_avoiding_big_401_k_mistakes.aspx 10261e33-1f24-4be4-835f-2be191f42623 Sat, 13 Apr 2013 13:12:00 GMT Connie Stone on when your parents need financial help ACA fee-only financial planner <a href="http://community.acaplanners.org/MyProfile/Profile/?UserKey=e738ad0d-1ab5-4926-aaf4-8b1db953233c">Connie Stone</a> is one of the contributors to Kiplinger's April 2013 Retirement Report.&nbsp; In the section on Helping Parents Financially, Connie discuss how a fee-only advisor can suggest ways those in the sandwich generation can assist their parents without jeopardizing their own financial future.&nbsp; Sometimes, this can take the form of paying utility, medical or other bills directly for the parent.&nbsp; One of Connie's clients chose to pay the long-term-care insurance premiums for her mother, which would provide needed care for the mother while protecting the adult child from the catastrophic costs of expensive care.&nbsp; "Paying bills directly for parents who don't have enough cash flow saves them from draining assets," says Connie. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-04-01/Connie_Stone_on_when_your_parents_need_financial_help.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-04-01/Connie_Stone_on_when_your_parents_need_financial_help.aspx 48d3e9bb-7892-4ea2-aa61-1dd4f3920724 Mon, 01 Apr 2013 12:59:00 GMT Connie Stone on the deepening debt problems of older Americans Connie Stone, CFP, ATP, an ACA fee-only financial planner in Chagrin Falls, Ohio, shared her insight with The New York Times in their article <a href="http://www.nytimes.com/2013/03/26/your-money/for-older-americans-a-deepening-debt-problem.html?ref=todayspaper&amp;_r=2&amp;">"For Older Americans, A Deepening Debt Problem."</a>&nbsp; Connie discusses how out of genuine love, many parents are taking on the financial burdens of their children rather than taking care of their own needs. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-26/Connie_Stone_on_the_deepening_debt_problems_of_older_Americans.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-26/Connie_Stone_on_the_deepening_debt_problems_of_older_Americans.aspx 45cbbd73-6e9f-4997-a8c6-262f56f028a6 Tue, 26 Mar 2013 12:45:00 GMT Erin Baehr on 7 Signs You are a Paradigm of Financial Health ACA fee-only planner Erin Baehr, CFP® of <a href="http://www.baehrfinancial.com">Baehr Family Financial</a> in Stroudsburg, PA, shared benchmarks for identifying you are on track financially with <a href="http://finance.yahoo.com/blogs/the-exchange/7-signs-paradigm-financial-health-161434796.html">The Exchange - a Yahoo! Finance blog.</a>&nbsp; Take a look and see how you're doing.&nbsp; Need help?&nbsp; <a href="http://community.acaplanners.org/acaplanners/directory2/findanadvisor/">Find an ACA member</a> in your area. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-20/Erin_Baehr_on_7_Signs_You_are_a_Paradigm_of_Financial_Health.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-20/Erin_Baehr_on_7_Signs_You_are_a_Paradigm_of_Financial_Health.aspx e17dfaea-d3ed-45f0-9b7a-72d7c5389c73 Wed, 20 Mar 2013 18:24:00 GMT Kuebler, Leitz and Young on working with the Millennial client <p>ACA fee-only planners Jake Kuebler of <a href="www.BluestemFA.com">Bluestem Financial Advisors</a> (Champaign, IL) and Linda Leitz and Jane Young of <a href="http://itsnotjustmoney.com/">It's Not Just Money</a> (Colorado Springs, CO) shared their insights into working with Millennial clients with <em><a href="http://csbj.com/2013/03/18/millennials-young-adults-could-become-next-generation-of-dominant-investors/">The Colorado Springs Business Journal.</a></em></p> <p>Leitz shares that the Millennials biggest dilemma may be in having too much information available.&nbsp; Young believes they will make smarter financial decisions.&nbsp; And Kuebler, a Millennial himself, observes that Millennials want to work with other Millenials and to know that their advisors will be there as they work through a lifetime of financial decisions. </p> <p> </p> http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-18/Kuebler_Leitz_and_Young_on_working_with_the_Millennial_client.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-18/Kuebler_Leitz_and_Young_on_working_with_the_Millennial_client.aspx 1cb70088-1a39-47e5-9a80-eaada680e8e6 Mon, 18 Mar 2013 18:23:00 GMT Judy McNary publishes and launches Coin for recent college graduates ACA fee-only planner <a href="http://www.mcnaryfinancial.com">Judy McNary, MBA, MS, CFP®</a> has published <em>Coin - An Irreverent Yet Practical Guide to Money Management for Recent College Graduates</em>.&nbsp;&nbsp; The book will soon be available on Amazon.com.&nbsp; In the meantime, you can start to experience <a href="https://www.facebook.com/coininthebank?fref=ts">Coin on Facebook</a>. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-01/Judy_McNary_publishes_and_launches_Coin_for_recent_college_graduates.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-03-01/Judy_McNary_publishes_and_launches_Coin_for_recent_college_graduates.aspx 1e3b40ec-5ac2-4636-b418-88d82f5dafdd Fri, 01 Mar 2013 19:38:00 GMT Financial media abuzz about Linda Leitz <p>NAPFA's <a href="/Files/Linda Leitz Chair Elect Release - 021513 - FINAL.pdf">press release</a> announcing <a href="http://itsnotjustmoney.com/">Linda Leitz</a>'s selection as its next National Chair has been picked up by a broad spectrum of the financial media, including <a href="http://www.financial-planning.com/news/NAPFA-Names-linda-leitz-Chair-2683340-1.html?ET=financialplanning:e12921:79145a:&amp;st=email&amp;utm_source=editorial&amp;utm_medium=email&amp;utm_campaign=FP_Daily__021913">Financial Planning</a>, <a href="http://www.advisorone.com/2013/02/19/napfa-elects-linda-leitz-as-national-chairwoman">AdvisorOne</a>, <a href="http://www.investmentnews.com/article/20130219/FREE/130219917&amp;utm_source=indaily-20130219&amp;utm_medium=in-newsletter&amp;utm_campaign=investmentnews&amp;utm_term=text">Investment News</a> and <a href="http://www.fa-mag.com/news/linda-leitz-named-napfa-s-national-chair-13394.html">Financial Advisor</a>.</p> <p>Not mentioned in these articles is the leading role Leitz has played at the Alliance of Cambridge Advisors.&nbsp; A member since 2000, she has authored articles for ACA's <em>Financial Focus</em> newsletter, is a frequent speaker at our annual conferences, and has helped dozens of new fee-only financial planners through her teaching and mentoring in ACA's proprietary Advisor Success Program. </p> http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-20/Financial_media_abuzz_about_Linda_Leitz.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-20/Financial_media_abuzz_about_Linda_Leitz.aspx 34435a97-cf49-4a04-8452-dcd44a693b46 Wed, 20 Feb 2013 06:00:00 GMT Troy Von Haefen talks tax savings with the Wall St. Journal <p>Nashville, TN ACA fee-only planner <a href="http://vhfinancialmanagement.com/">Troy Von Haefen</a>'s work to minimize taxes for a physician client is featured in <a href="http://on.wsj.com/VYPslU">this article</a> in the Wall St. Journal (subscription required to access).</p> <p>Von Haefen was able to turn medical expenses that couldn't be deducted to due income floors into business expenses through the use of a Section 105 Health Reimbursement Account.&nbsp; The tax code allows for self-employed individuals to hire their spouses and provide them with a medical benefits package that encompasses the couple and their children.&nbsp; His client is now realizing $4,000 to $5,000 per year in tax savings. </p> http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-19/Troy_Von_Haefen_talks_tax_savings_with_the_Wall_St_Journal.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-19/Troy_Von_Haefen_talks_tax_savings_with_the_Wall_St_Journal.aspx 58048355-56e7-43df-b910-4420907eebef Tue, 19 Feb 2013 17:14:00 GMT Kathleen Rehl answers, "Should a widow rent or sell her house?" ACA fee-only financial planner <a href="http://www.kathleenrehl.com">Kathleen Rehl, CFP®, Ph.D</a>., a national authority on helping widows in transitions, offers advice to a son whose widowed mother is deciding what to do with her house on <a href="http://www.usatoday.com/story/money/personalfinance/2013/02/09/selling-renting-coping-with-declining-home-value/1881153/">USA Today's Money Watch</a>. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-09/Kathleen_Rehl_answers_Should_a_widow_rent_or_sell_her_house.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-02-09/Kathleen_Rehl_answers_Should_a_widow_rent_or_sell_her_house.aspx 7c6ef7ae-c5bd-4349-afe8-be8e09363167 Sat, 09 Feb 2013 16:55:00 GMT Erin Baehr - this tax season requires some patience ACA fee-only financial planner <a href="http://www.baehrfinancial.com">Erin Baehr, CFP, EA, CDFA</a> talks about the frustrations of a late-starting tax-filing season and <a href="http://pahomepage.com/fulltext/?nxd_id=313152">the need for even more patience</a> as the IRS tries to catch up with Congress's last-minute decisions. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-31/Erin_Baehr_-_this_tax_season_requires_some_patience.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-31/Erin_Baehr_-_this_tax_season_requires_some_patience.aspx 1187e879-634a-47d9-81a3-2111825d4692 Thu, 31 Jan 2013 19:10:00 GMT Linda Leitz selected as NAPFA's Chair-Elect <p><a href="http://www.pinnaclefinancialconcepts.com">Linda Leitz</a> - author, speaker, Certified Financial Planner®:, Certified Divorce Financial Analyst, and ACA member extraordinaire - has been named the Chair-Elect of the National Association of Personal Financial Advisors (NAFPA).&nbsp; Linda's term as Chairperson will begin September 1st.</p> <p>An ACA member since 2000, Linda has helped dozens of her colleagues become successful holistic fee-only financial planners as key part of ACA's professional development team and especially as an ACA System™ instructor.</p> <p>Congratulations, Linda!&nbsp; NAPFA will be an even better organization under you wise stewardship. </p> http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-31/Linda_Leitz_selected_as_NAPFA_s_Chair-Elect.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-31/Linda_Leitz_selected_as_NAPFA_s_Chair-Elect.aspx b38ac18a-3673-44cd-a4f6-4bfc8b34bce6 Thu, 31 Jan 2013 17:40:00 GMT Joe Alfonso talks bonds with the Wall St Journal <a href="http://www.aegisadvisory.com/">Joe Alfonso, CFP®:, ChFC, EA</a>, is an ACA fee-only financial planner in Portland, Oregon.&nbsp; He offers his insights on bonds and TIPs in the Wall Street Journal article, <a href="http://www.aegisadvisory.com/2013/01/the-risk-of-safety.html">The Risk of Safety</a>. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-25/Joe_Alfonso_talks_bonds_with_the_Wall_St_Journal.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-25/Joe_Alfonso_talks_bonds_with_the_Wall_St_Journal.aspx 52a671be-6646-454f-8704-5c0aaa0a0293 Fri, 25 Jan 2013 17:06:00 GMT Ken Robinson peeks inside a rich man's wallet Professional speaker, author and ACA fee-only financial planner <a href="http://www.p-f-p.com">Ken Robinson, CFP™, JD, AIF</a> of Cleveland, Ohio gave some tips to <a href="http://www.menshealth.com/fiscally-fit-man/rich-man-thin-wallet?onepage=1">Men's Health</a> readers on carrying credit cards and loyalty cards. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-12/Ken_Robinson_peeks_inside_a_rich_man_s_wallet.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-12/Ken_Robinson_peeks_inside_a_rich_man_s_wallet.aspx 6e7049ab-c17b-4ff1-8d58-c2d621f3d81a Sat, 12 Jan 2013 20:46:00 GMT Check your 401(k) statements, advises Tim Sullivan In his latest article, "<a href="http://www.columbiatribune.com/business/saturday_business/it-might-be-time-to-take-a-look-at-k/article_ef51235c-56e1-11e2-abe2-00127992bc8b.html">It Might Be Time to Look at 401(k) Statement</a>",&nbsp; for the <em>Columbia Daily Tribune</em>, ACA fee-only financial planner <a href="http://www.goclarityfinancial.com/">Tim Sullivan, EA</a>, reminds readers that administrative fees for 401(k)s must now be disclosed and that they could be a real eye-opener. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-08/Check_your_401_k_statements_advises_Tim_Sullivan.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-08/Check_your_401_k_statements_advises_Tim_Sullivan.aspx 67aeac1f-ef90-4a0e-9817-39207c17eb64 Wed, 09 Jan 2013 05:41:39 GMT Partial Roth 401(k) conversions may be best, says Joe Alfonso ACA member, <a href="http://www.aegisadvisory.com">Joe Alfonso</a>, a fee-only financial planner and owner of Aegis Financial Advisory in Lake Oswego, OR was quoted in <em>The Oregonian</em> regarding the view from the fiscal cliff.&nbsp; Converting to a Roth 401(k) will be easier than ever now, but if you're not careful, you can push yourself into a higher tax bracket.&nbsp; Read the full story <a href="http://www.oregonlive.com/finance/index.ssf/2013/01/facing_the_fiscal_cliff_most_t.html">HERE</a>. http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-06/Partial_Roth_401_k_conversions_may_be_best_says_Joe_Alfonso.aspx aca_admin http://www.acaplanners.org/Public/PersonalFinanceResourceCenter/PublicNews/13-01-06/Partial_Roth_401_k_conversions_may_be_best_says_Joe_Alfonso.aspx c9205d07-7c76-4d60-8a76-1ac0191c4756 Sun, 06 Jan 2013 20:43:12 GMT