Aging Alone

For females in the U. S., there is a high likelihood that at some point in your future you will be alone.  Data from the National Center for Health Statistics at the Centers for Disease Control shows that the difference in life expectancy at birth between males and females was 4.8 years as of 2011.  Although this is down from a high of 7.8 years in 1979, there is still a distinct possibility that as a female, you will be alone for some portion of your senior years.  Just walk through any retirement community and it is easy to see the reality of this statistic. Given this could be your reality, what considerations should be given as you plan for the future? You should be involved in the handling of your finances if you have been hands-off in this area.  Know what you “own” and what you “owe” as a couple.  You need to be informed and educated about all the components of your financial life so you are not left trying to piece together a puzzle if you are Read on! →

Eric Clark Named a NAPFA-Registered Financial Advisor

October 9, 2013:  Eric Clark has attained the distinction of being named a NAPFA-Registered Financial Advisor. The National Association of Personal Financial Advisors (NAPFA) is the country’s leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve. NAPFA-Registered Financial Advisors are held to a rigorous education requirement in excess of that required by the CFP® Board, and must meet the following additional requirements to be considered for NAPFA’s highest level of membership: Advisor must maintain a CFP® designation Offer comprehensive financial planning services and submit a comprehensive financial plan for peer review Minimum of 3 years of comprehensive planning experience 60 hours of continuing education over the course of 2 years across all core areas of financial planning: Insurance & Risk Management, Investments, Income Tax Planning, Retirement Planning & Employee Benefits, Estate Planning, and Communications; and a minimum of 2 hours in Ethics of Financial Planning (CFP® requirement is 30 hours over 2 years) Must maintain NAPFA’s definition of a Fee-Only Financial Planner— NAPFA defines a Fee-Only financial advisor Read on! →