David Lerner Associates Named 6th Best Company to Work for in New York State
David Lerner Associates (DLA) with corporate headquarters in Syosset, NY was recently named the sixth Best Company to Work for in New York in 2011 in the large company category.
Taking On Your Debt
The average American is swimming in debt, from student loans to credit cards, mortgages, and so on.
David Lerner Associates: Four Financial Strategies for Young Adults
As they graduate from college and begin their careers, many young people often discover that the “real world” is very different from what they thought it would be based on the glamorous images of the make-believe lives of 20-somethings on some TV shows and in some movies.
David Lerner Associates : Slowing Down in Retirement May Not Be an Option
If a recent survey of middle-class Americans is anything to go by, the age of 80 may very well be the new 65 when it comes to retirement.
David Lerner Associates: Financial Resolutions In Your 70s
Evey year we make New Year's resolutions. Here are three suggestions for New Year's financial resolutions for individuals in their 70s.
David Lerner Associates: Inheriting a Retirement Account
Inheriting a retirement account can feel like winning the lottery. That's the good news. The bad news is that not following the hard-and-fast rules governing inherited retirement accounts can result in much of that windfall going to the taxman.
David Lerner Associates: Common Money Management Mistakes to Avoid
Most people try to avoid making major mistakes when it comes to managing their money. But we’re all human, and even the most savvy money managers and budgeters aren’t immune from making a few money management blunders.
David Lerner Associates: Financial Capability Study Sends Mixed Messages
A recently released major financial study revealed some good news and some bad news with regard to how Americans handle their finances.
David Lerner Associates: Many U.S. Seniors Facing Severe Income Shortages
A recent analysis of data from the U.S. Census Bureau indicates that seniors in every state except for two are living off of incomes that are lower than the level of retirement income that many financial planners often recommend.
David Lerner Associates: How to Teach Your Kids About Money
Schools have certainly changed a lot since the song School Days was written over 100 years ago, but one thing that hasn’t changed is the fact that there are still very few schools that teach children about personal financial management.
David Lerner Associates Announces Upcoming Financial Seminars
David Lerner Associates, a private securities broker/dealer headquartered in Syosset, NY, will be presenting five “Sensible Middle Ground of Investing” financial seminars free of charge to the public in October.
David Lerner Associates -Mortgage Changes Coming in 2014: Should You Buy Now?
Historically low interest rates have made the past few years a good time to buy a home for many Americans. Some fundamental changes occurring in the mortgage market in 2014 could make it more difficult to buy a home.
David Lerner Associates: Financial Resolutions in Your 30s
This is the time of year when many people make their New Year's resolutions. Take the time to also make a few financial resolutions
David Lerner Associates: Financial Resolutions in Your 50s
After a lifetime of diligently saving you're getting closer to the day when you hope to actually enter into and enjoy the retirement.
David Lerner Associates Financial Resolutions In Your 40s
The good news if you're in your 40s is that you may be entering your peak earning years - especially if both you and your spouse are working.
David Lerner Associates: Financial Resolutions in Your 60s
In order to retire at age 65 you will likely need to have accumulated a sizable retirement nest egg by the time you reach your early 60s.
David Lerner Associates: Financial Resolutions in Your 80s
New Year's financial resolutions that may be appropriate for individuals in their 80s.
David Lerner Associates: Review of Common Money MIstakes
Most people try to avoid making major mistakes when it comes to managing their money. Even the most savvy money managers aren't immune from making a few blunders.In this review we examine five common personal financial and money management mistakes.
David Lerner Associates News: Five Ways to Power Up a Life Insurance Generator
David Lerner Associates identifies five key areas that can be "powered up" by plugging into a "life insurance generator".
David Lerner Associates News: 5 Financial Goals Before You Reach 40
The 40s are generally considered to be the beginning of middle age. It's a critical stage for setting yourself up financially for the second half of your life
David Lerner Associates 5th Annual Charity Car Show
The proceeds from the 5th Annual David Lerner Associates Charity Car will benefit the Nassau-Suffolk Chapter of the Autism Society of America.
David Lerner Associates: Social Security and Divorce
If you want to qualify for one half of your ex-spouse's Social Security benefits, there are certain requirements which must be met.
David Lerner Associates: Taking Care of Your Aging Parents (Part 1)
Your parents need you, and you need help. This is the first of our 3 part series on caring for your parents as they get older.
David Lerner Associates: Fraud Tips for Older Americans
David Lerner Associates: Fraud Hits Older Americans Hard. Now that the majority of seniors are active online, scammers are targeting them. Here are some tips to avoid falling victim to their scams.
David Lerner Associates: How to Organize Your Finances After Your Spouse Passes Away
Losing a spouse is a stressful transition. And the added stress of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make handling these kinds of issues less difficult.
David Lerner Associates: Managing Money and Marriage
Planning carefully and communicating clearly with your spouse are important, because the financial decisions that you make now can have a lasting impact on your future.
David Lerner Associates: Mutual Fund Fundamentals
We often hear that an investment portfolio should include a mutual fund. But what exactly is a mutual fund?
David Lerner Associates: The Gender Gap in Wealth Management
According to a study that performs research on financial trends in the US, women have made good progress in many areas of financial literacy, but there is still a gender gap when it comes to investment and wealth management.
Older Americans: How Secure Is Social Security?
Older Americans who are already retired or close to retirement age probably have nothing to worry about - Social Security benefits will likely be paid to them in the amount they planned on (at least that's what most of the politicians say). But what about the rest of us?
David Lerner Associates: Protect Your Family
One of our greatest assets is the ability to earn income. Most fathers provide for their families' needs and should this ability be interrupted or taken away it could mean serious problems for the family.
David Lerner Associates: Key Issues for Older Americans
While retirement is generally something to look forward to there's also the concern about the cost and availability of health care and the worry about what might happen if one becomes unable to live and care for oneself independently.
David Lerner Associates: Planning for Marriage
If you are planning for marriage you're faced with the enormous responsibility of combining your personal finances with your spouse's and reassessing the way you and your spouse structured personal finances as unmarried individuals.
David Lerner Associates:Life Insurance at Various Life Stages
Just as financial needs change over time, so too does the need for life insurance change with new circumstances. Let's look at how your life insurance needs change throughout your lifetime.
Optimizing Your Social Security Retirement Benefits
Optimizing your Social Security retirement benefits means getting the best return possible on each dollar you've contributed to the system over the years
David Lerner Associates: Insurance Issues for Married Couples
It may seem like an odd thing to worry about when you are just starting out together, but the lack of adequate insurance protection can lead to financial disaster in the future
David Lerner Associates: Property Ownership Issues for Married Couples
When you get married there are many financial issues that should be discussed and resolved. How to structure ownership of property is one such issue.
David Lerner Associates: Housing Options for Older Individuals
As we grow older many of our needs (and wants) change. Children grow up and move away. Raking leaves from the lawn of the large house purchased 30 years ago to provide space and recreation for a family is probably no longer top of the list of things to do..
David Lerner Associates: 5 Financial Lessons for College Students
Millions of young Americans will be leaving home for the first time this fall. Along with many other freedoms they'll experience, they will also have to manage their own finances, probably for the first time.
David Lerner Associates: A Financial Plan that Works
A financial plan that works is important at any age, but it's essential for those approaching retirement age.
David Lerner Associates: How Interest Rate Hikes Affect Your Financial Well-Being
For the first time in nearly a decade, the Federal Reserve announced an interest rate increase - from zero percent to .25 percent immediately with more increases to come in 2016. That quarter percent might seem insignificant, but it is going to impact your finances.
David Lerner Associates: National Entrepreneurship Week: Millennials vs Boomers
As America focuses attention on entrepreneurs this week, one of the troubling statistics is the slow decline of startups. Census data and other studies show that the number of companies less than a year old had declined as a share of all businesses by nearly 44 percent since 1978. As every entrepreneur knows, starting a new business can be very challenging. It requires talent, skill, and resources.
David Lerner Associates: Finances, Health, and Credit Can Affect Your Love Life
A recent survey by Nerdwallet showed that 60 percent of women ranked a potential partner's financial situation as important to them. Almost half (44 percent) feel that financial responsibility is more important than attractiveness in a romantic partner. This applies to men too, although the numbers differ according to age groups.
David Lerner Associates: Financial Equality in Marriage
Getting married is a very emotional moment. There is so much to do and organize that how you're going to deal with your finances after you're married is often not a major thought. However, once the honeymoon is over and you're settling down to everyday life, this can become one of the most contentious aspects of a marriage.
Financial Advice for Newlyweds
The honeymoon is over. You've taken a giant leap into adulthood, and the journey is only really beginning now. It would be a very smart thing to do to get on the same page with your finances, especially since it seems to be a source of arguments between married couples.
Money Smart, Raising your Financial IQ
Money Smart Week was created by the Federal Reserve Bank of Chicago in 2002, and is a nationwide public awareness campaign designed to help the public better manage their personal finances and increase their financial literacy. Free seminars and activities are held around the country. The week runs from April 23-30.
Financial Literacy Lessons for Your Kids
Financial Literacy Month (also known as National Financial Capability Month) is an annual event taking place in April, centered on improving Americans' understanding of financial principles and practices. Here are some basic financial lessons that can be taught to our children that will be of great use to them as they grow.
Generation X and Their Retirement
People in Generation X (those in their 30s and 40s) have solid reasons to be stressed out about their financial futures. Many are saddled with debt, have not saved as much as they should have for retirement, and perhaps were underemployed during recent economic downturns.
Retirement, Communication, and Marriage
Planning for a blissful retirement can be work sometimes. There are a lot of details to consider, and even more so as a married couple. And even more if there are children involved. It's not the most comfortable conversation to have with your spouse, but it certainly is important.
Money Smart Millennials
They watched their parents finances crushed in the recession and their own financial outlook darken in the times following, but Millennials are now raising their financial IQ collectively.
Millennials Can Create a Lifelong Wealth Plan
For a highly educated generation, Millennials show a surprising ineptitude in certain areas of money management. And a generation that lacks secure pensions will certainly need to prepare for their twilight years.
Elderly Financial Abuse
American seniors have historically been late adopters when it comes to technology. According to a Pew Research Center almost 90% of seniors with a college degree use the internet. With more and more mature Americans getting involved in the online community, the amount of scams targeting elders is ever on the rise.
Money Management Course Most Useful for Young Adults
Students often complain that they won't use what they study in school later in life. One course young adults 18 - 24 say they feel would be most useful is money management, according to a new survey from the National Financial Educators Council.
Money Tips for Newlyweds
Wedding season is upon us. So put on your dancing shoes and get ready to enjoy the tying of knots. If you're the lucky couple walking down the aisle, then congratulations. You've taken a giant leap into adulthood and the journey is only really beginning. It would be very smart to get on the same page with your finances especially since it seems to be a source of arguments between married couples.
More Americans Working After 70
Traditionally, the retirement age in America is 65. The American Dream was all about working hard for 40 years and then relaxing and enjoying life for the next decade or two. According to the AARP, that is changing.
Cinderella's Personal Finance Lessons
Although women now control 70% of consumer spending worldwide, when it comes to controlling their finances, the numbers are less encouraging. A recent study by Key Private Bank showed that even among high net worth women, household finances are still predominantly controlled by men.
Is Divorce Derailing Your Retirement Fund?
Just as getting married involves financial decisions, so does divorce. Splitting up your assets is one of the main areas of concern - and this includes investments and retirement accounts. It's important for each of the partners to retain some of the retirement fund.
FINRA Study on Emotions & Financial Fraud
This week is National Fraud Awareness Week, and according to the Investor Protection Trust, almost one in five Americans over the age of 65, or nearly seven million seniors, have been taken advantage of financially. A recent study from Stanford University, FINRA, and AARP revealed that inducing strong emotions has an effect on older adults' financial decisions.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they're still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
Death and Debt
The death of a spouse is heartbreaking and something that no one really wants to think about. Unfortunately, it is something that needs to be considered and a plan put in place to ease the major adjustment in one's life. The surviving spouse faces more than just overwhelming emotions - he or she may also face the challenge of handling a loved one's outstanding debts.
Millennials and Retirement
It seems that Millennials have been getting a bad reputation and they don’t deserve it. The common view of the next generation of young adults is that they are attached to their phones or mobile devices and have no idea about the real value of money. Many articles mention that Millennials are not saving for the future and, in fact, could be facing a bleak financial future.
Boomers Saddled with Rising Debt Face a Tough Retirement
The patterns and type of debt amongst older Americans has changed significantly over the past few years. According to the Federal Reserve Bank of New York, the average 65 year old borrower has more debt than 65 year olds had in 2003.
Finance Tips for New College Grads
Graduating college is a momentous life event that should be celebrated. It marks the end of a chapter, and the beginning of many new ones. It also marks the entry of many young adults into the workforce and new opportunities.
Boomers and Debt
Debt is not something to take lightly. Patterns in debt and the type of debt that an older generation is finding itself in has changed over the past few years. In fact, it seems that Boomers are more in debt than they were 13 years ago.
3 Tips for Boomers and Life Insurance
Many boomers have a lot to think about especially when it comes to taking care of their loved ones once they pass on.
Long Term Care Planning
October is Long Term Care Planning Month. Nearly 70% of Americans 65 and older need long term care at some point, according to the U.S. Department of Health and Human Services.
Cyber Security Awareness
October is National Cyber Security Awareness Month. With more and more mature Americans getting involved in the online community, the amount of scams targeting elders is ever on the rise.
Lessons Boomers Could Learn From Millennials
There is a tendency of older, wiser folk to dismiss the views of a younger generation. However, Millennials may be able to teach Boomers some valuable lessons about how to manage money.
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.
Being a Financial Grown-Up
Financially speaking, it's time to face up to the idea that some "adulting" is required on the part of Millennials in their financial behavior.
Millennials and Financial Security
The oldest of the Millennial generation are now reaching age 35. If ever there were a time to take a look at your financial landscape and assess one's future, now would be that time.
Baby Boomers and Retirement
The average pre-retirement Baby Boomer does not have enough savings for their retirement years and one third of Americans have no retirement savings at all.
Smart Retirement Strategies for Boomers
If you are one of the 76 million Baby Boomers with retirement just around the corner, it would be wise to take stock of your situation and make sure that you'll not be in for a horrible surprise come retirement day.
Avoid These Retirement Planning Mistakes
Retirement looks different for everyone. Whether you want to finally climb that mountain you've been thinking about for years or spend the rest of your days in the warm tropical climes of a faraway beach paradise, someone is going to have to pay for it.
Retirement Planning For Couples
Couples have some unique advantages when it comes to retirement planning. For one thing, you have someone to pool resources with, share expenses, and help inspire (or nag) one another to save more.
Retirement and Life Expectancy
Life expectancy is something to take into account when planning your retirement.
Understanding Long Term Care Insurance
The majority of Americans who live past the age of 65 will require some sort of help caring for themselves. In fact, nearly 70% of Americans 65 and older need long term care at some point.
Retirement Advice for Millennials
The generation known as Millennials is coming toward an age group where retirement should be on their minds because this is the perfect time to start preparing a retirement strategy.
Money Lessons for Women
Gender roles in today's society have shifted dramatically from a time when little girls grew up hoping to find a good man who could take care of them financially.
How to Prevent Money from Ruining Your Marriage
Sharing finances with a partner comes with a lot of issues; mutual trust, respect, self-worth, etc. These are all areas that, if damaged even slightly, can lead to upset and tear the fabric of a marriage apart.
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.
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.
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.
How to Make the Most of Your Retirement Planning
Retirement is something that we should be thinking about. Whether you work in the corporate world or are a self-employed entrepreneur or a freelancer, it doesn't matter. We all want to know that our latter years will be taken care of financially.
How Millennials Will Change the Face of Finance
Millennials are poised to transform nearly every facet of the American and global economy, and the finance industry is about to experience tremendous change as it works to address the needs and preferences of this different customer.
Women and Money
In more than one third of American marriages, the woman out earns her husband. And although that's a long way off from an even 50%, it's a definite improvement on what the numbers looked like in 1987, when less than a quarter of women were the primary breadwinners in their families.
Financial Literacy for Young Adults
National Financial Literacy Month is recognized in the United States in April as an effort to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.
Millennials and Debt
The average Class of 2016 graduate has over $37,000 in student loan debt - up 6% from last year.