Monthly Podcast: Saving and Spending: Secrets of Centenarians

100-birthday_weingastDid you know that centenarians are the fastest growing segment of the American population? The odds of living a long and vivacious life are increasing all the time, so how do we make the most out of our years? This month on our podcast, author Steve Franklin traveled the country interviewing centenarians, and he shares their wisdom with you!

>>>Click here to listen to this month’s podcast!<<<

 

Resource of the Month: 2017 Open Enrollment Deadlines

robinweingast-health-insuranceThe open enrollment period for Obamacare starts on November 1, 2016 and runs through January 31, 2017. Not enrolling in health insurance comes with financial penalties, so to help you keep track of what you need to know about getting covered, our October Resource of the Month breaks down critical dates and provides you with key information on this important deadline.

Click here to download.

Monthly Podcast: Health Insurance: Get Ready for Open Enrollment

robinweingast-health-insuranceListening to the news these days, it’s hard not to be concerned and confused as we prepare for Open Enrollment. On this month’s podcast, Health Insurance Consultant, sheds a little light on what’s happening to all the big carriers, what could happen after the presidential election, and why consumers have the ball in their court to demand changes.

>>> Click here to listen to this month’s podcast on Open Enrollment! <<<

Monthly Podcast: A Risk you Don’t Have to Take

robinweingastlifeinsurancequoteSeptember‘s podcast features real life stories that show what a difference Life Insurance, or a lack thereof, can make. Whether you want to make sure your plan suits you and your family’s needs, or you’re new to life insurance, “A Risk you Don’t Have to Take” is a must listen for everyone.

>>Click here to listen to the “A Risk You Don’t Have to Take”<<

What you Need to Know about Brexit

brexitDear Friends,

Recently the United Kingdom voted on a referendum and decided to leave the European Union. This Brexit has naturally sent shockwaves through the global markets, which you are likely seeing reflected in your retirement and/or investment accounts.

Please take a moment to read a statement from Mass Mutual about the implications of the Brexit. Their outlook on the US economy is encouraging and their overall approach to dealing with the Brexit is sound and one that I support. I echo their recommendation to focus on your own personal financial goals and think about how you may or may not need to adjust your investment strategies, regardless of what is happening in the global markets.

Click here to read their statement.

Market uncertainty and volatility can create anxiety, but please know that the Robin S. Weingast & Associates team is here to help. If you have questions about what the Brexit means for your personal or business financial picture, please contact us today. Our team of experts is here to guide you through the Brexit and to make sure you’re on track to meet your goals.

I look forward to hearing from you.

Sincerely,

Robin S. Weingast, President & Owner
Robin S. Weingast & Associates
516.794.1450

What Robin’s Reading: May 2016

Robin Weingast Reading RecsWelcome to another installment of What Robin’s Reading – our regular feature that gives you an inside look at what the Robin S. Weingast & Associates team is focusing on to stay up-to-date with benefits and retirement planning news.

This month, we continue to monitor the impact of the Department of Labor’s Fiduciary Rule, but with graduation season upon us, we’re also reading up on the investment and benefit trends among the new crop of job seekers.  A recent video by Tony Robbins caught our eye – it contains his opinion on a “must invest” for young professionals.

We also read “Millennials & Financial Literacy—The Struggle with Personal Finance,” a fascinating report on the personal finances of millennials. Based on research conducted by The Global Financial Literacy Excellence Center (GFLEC) at the George Washington University, the report uncovered eight key trends. When it comes to personal finance, millennials:

1. Have inadequate financial knowledge
When tested on financial concepts, only 24% demonstrated basic financial knowledge.

2. Aren’t happy with their current financial situation
When ranking satisfaction on a scale of 1-10, 34% were very unsatisfied.

3. Worry about student loans
When asked about their ability to repay their student loan debt, more than 54% of Millennials expressed concern.

4. Debt crosses economic and educational lines
Among college-educated Millennials, a staggering 81% have at least one longterm debt.

5. Are financially fragile
Nearly 30% of Millennials are overdrawing on their checking accounts.

6. Are heavy users of Alternative Financial Services (AFS)
In the past five years, 42% of Millennials used an AFS product, such as payday loans, pawnshops, auto title loans, tax refund advances, and rent-to-own products.

7. Sacrifice retirement accounts
More than 20% of Millennials with retirement accounts took loans or hardship withdrawals in the past year.

8. Don’t seek professional financial help
Even with inadequate knowledge, only 27% of Millennials are seeking professional financial advice on saving and investment.

But the picture isn’t totally bleak for millennials. Another piece from CNBC outlines distinct advantages that the generation has when saving for retirement. 

Whether you know a young professional who would benefit from advisement, or you want to make sure your own personal finances are in order, the Robin S. Weingast team is here for you. Contact us today for an appointment. Our team of experts is ready to make sure you and your loved ones are on track to meet your financial goals.

Resource of the Month: What You Need to Know About IRAs

weingast_iraLooking to help a recent graduate understand the nuts and bolts of saving for the future? Our May resource will tell you everything you need to know about individual retirement accounts (IRAs), which are a tax-savvy way to put aside money for retirement. While employer sponsored plans continue to be a widely used option, there are additional ways to help a recent graduate make sure he or she is on track to have an adequate nest egg. You may even learn a thing or two about saving for your own retirement!

 

Click here to download our May resource: What you Need to Know About IRAs

Resource of the Month: About the Fiduciary Rule

department-of-laborThe Department of Labor’s announcement has raised many questions for people who will be affected by the new Fiduciary Rule. To help keep you informed and up-to-date, we’re providing a fact sheet from the DOL as our Resource of the Month. We hope you’ll find this helpful and a great place to get answers to any of your questions.

Download Now.

A note about the Fiduciary Rule from Robin Weingast

department-of-laborYou may have have seen the recent news about the Department of Labor’s Fiduciary rule. The Robin S. Weingast & Associates team has been closely involved in understanding this rule and we are keeping a close eye on what these changes mean for our clients. For over 30 years, we have made our clients’ benefits and retirement plans our priority, and we look forward to continuing that tradition. The rule goes into effect in April 2017, with full implementation due by January 2018. This will give us all time to work to make sure you understand the rule and feel comfortable about your retirement savings path.

As a fiduciary, I am already held to the highest standards when it comes to keeping fees to a minimum and ensuring that your retirement plan works for you. You can expect the same level of service and attention to your finances as the DOL’s new rule is implemented.

If you have any questions, concerns, or want to know more about this new rule, I invite you to contact me today.

I look forward to hearing from you and to our continued success.