David Lerner Associates News, Syosset NY
Retirement Tip for Entrepreneurs
Entrepreneurs and small business owners often think that their only retirement plan involves an IRA. The 401(k) was historically only used by large companies and their employees, however, it has evolved into a flexible savings vehicle for people outside of corporate America.
Why Write a Business Plan
Writing a business plan doesn't have to take months, compiling pages and pages of text. You can create a plan in under a month, working at your own pace. Use a presentation format like PowerPoint or Keynote to save time, and make it easier to share.
Top Scams of 2016 - Continue in 2017
Tax scams are still at the top of the list for the past two years, despite a police raid in India in September, which resulted in a huge drop in reported incidents.
What Most People Don't Understand About 401(k) Plans
A 401(k) plan is something that not everyone has. In fact, an incredible 68% of Americans are not saving in an employer-sponsored retirement plan.
Life Insurance and Long Term Care
Nearly 70% of Americans 65 and older need long term care at some point. Life insurance and Long Term Care insurance are financial services that are extremely useful.
Retirement Planning Difficulties for Women
Women face significant difficulties however the number of wealthy women in the United States is rising twice as fast as the number of wealthy men. Experts estimate that by 2030, women will control as much as two-thirds of the nation's wealth.
Overcoming Fear of Retirement
There are many unknown factors when it comes to saving for your retirement. In some ways, it can be a guessing game.
A Savings Crisis in America
Take a look at your savings account. If you were hit with an unexpected expense of $500 or $1000, would you be able to pay it?
The American Dream According To Millennials
A recent study gave some very interesting insights into the minds of the generation know as Millennials, especially with regards to money and The American Dream.
Tips for Lending Money
There's an old saying, "If you want to get rid of your enemies, just lend them some money, and you'll never hear from them again." We've all had a situation where a friend or family member is in need, and we've all been asked for some help.
The Number One Rule for Personal Finance
There is growing concern that Americans are in the midst of a savings crisis. The statistics are more than mildly concerning. Most Americans don't have enough savings to withstand a $500 emergency.
Top 3 Reasons Why You're Failing at Saving Money
Americans are in the midst of a savings crisis. A massive 63% of Americans don't have enough savings to withstand a $500 emergency. Even more concerning is that there is a growing percentage of Americans with no savings at all.
A Guide to Life Insurance
Death can be considered a morbid subject to discuss. But making an important decision regarding your life insurance - and which type of life insurance - might turn out to be one of the most important discussions of all.
A Guide to Estate Planning
Do you have an estate plan? A basic estate plan is an important financial document for everyone to have, whether you think you need one or not, and here's why.
The Importance of Life Insurance
Benjamin Franklin wrote in a 1789 letter that in this world nothing can be said to be certain, except death and taxes. The great unknown is exactly that, unknown, and none of us knows exactly when we're going to leave this world.
Is Life Insurance Necessary?
Life insurance is very different from other kinds of insurance. The differences are important to consider as you think over your insurance needs.
Taxes and Long Term Care
Long term care expenses can wipe out a person's savings and investments. That's why it is important to consider long term care insurance.
An annuity is essentially a contract with an insurance company. You'll typically pay the insurer a sum of money, and in exchange the insurer will commit to sending you regular payments immediately or in the future for the duration of the contract.
Women and Retirement Planning
As with most things in life, retirement planning is slightly different for women than it is for men given the many challenges they face. To meet these financial challenges women need to make retirement planning a priority.
Raising Financial Literacy
While one might be forgiven for thinking that a lack of financial literacy is exclusively a problem with young people and students, 41% of adults gave themselves a grade of C, D, or F regarding their knowledge of personal finance.