MyAfea

Why Social Security is Running Out of Money

More than 55 million Americans receive Social Security benefits, annually, making it the nation's largest social welfare program. 725 billion dollars of your payroll and income taxes last year went to Social Security disbursements -- That's about 60 billion dollars in benefits each month. It's no wonder politicians on both sides of the aisle are always trying to convince voters that they have the plan to keep Social Security intac


How Long Will It Take To Pay Off The U.S. Debt?

America’s debt now tops $16 trillion, and the meter never stops running. The national debt increases by about $35 million an hour, and around $2 billion every 24 hours. As the country’s debt skyrockets, politicians and pundits are debating how to get it under control. If nothing is done, we could be $17 trillion in the hole later this year. But for the first time in six years, the federal government said it would make a


Cash From Your Life Insurance

 If you bought a whole-life insurance policy when your kids were still in pull-up pants, you’ve probably built up a sizable stash of cash. And if you’re heading into retirement with a decimated investment portfolio, a mortgage and increased medical expenses, that cash in your policy may be more useful now than later -- especially if your loved ones don’t need the death benefit after you’re go


US seniors risk outliving their money

A new study indicates that the elderly in 48 states and the District of Columbia won't be able to replace the recommended 70% of their pre-retirement income.

How much do we need for retirement? More than what we're currently saving, apparently.


A new study from Interest.com found that seniors in 48 states
and th


Annuities in 401(k)s: New Regulations Highlight Importance, Create Opportunities

On February 2, 2012, federal officials from the Council of Economic Advisors to the President as well as the U.S. Treasury and Labor Departmentsreleased statements that highlight the importance of workers using financial products—annuities—that provide guaranteed lifetime income. They also released new regulations designed to increase workers’ access to such financia


The Five Stages of Retirement Planning Angst

I HAVEN’T a clue what kind of psychiatrist Elisabeth Kübler-Ross was. But I do
know she was a terrific financial planner.

Dr. Kübler-Ross, who died in 2004, is best known for
identifying the five stages of grief that people go through once they
understand they are dying. And those stages — denial, anger, bargaining,
depression and ac


Getting What You Need for Retirement

 You can’t always get what you want.  But if you try sometimes you just might find you get what you need.  

Rolling Stones, 1969.

There is nothing better that most people can do to get what they’ll need in retirement than delaying when they start collecting Social Security.

The recent PBS documentar



Top 10 Annuity Myths Exposed

By Kevin Dufficy
Courtesy of Annuities Institute

New market report reveals annuity critics are often biased and incorrect in their perceptions of annuities within retirement planning

While annuities have played an integral role in retirement planning throughout most of the last century, a ne


5 Ways to Afford Early Retirement

By Kevin Dufficy

For most Americans, the prospect of early retirement seems more remote than ever. The recent turbulent financial markets, falling real estate prices and low interest rates have combined to drastically reduce the number of people for whom this is a viable option. However, it's still not impossible to stop working early, for those who are willing to


Avoid These 8 Common IRA Mistakes

Mistake No. 1: Live only for today

IRAs, or individual retirement accounts, may be trickier than you think. And what you don't know can cost you money. Many of the most common IRA mistakes occur simply because people don't know the rules governing these accounts -- of which there are many. Complex rules provide many opportunities for things to go awry, but the biggest mistake with IRAs may be not contributing


Life Insurance As Part of Your Financial Plan

September has been declared "National Life Insurance Awareness Month." This is a great time to assess ones needs, educate oneself on the topic, and develop a financial plan that incorporates adequate coverage for all areas of risk management, including life insurance.

In years past, life insurance was sold and thought of as burial insurance. Many individuals today still use it primarily to pay for burial or final expenses as


Advisors Matter

LIMRA recently tested Americans’ financial literacy and I have to say, while I was not surprised by the results, I was certainly disappointed. A third of Americans answered less than half of the answers correctly, and when asked to measure their own level of knowledge, the majority said they had little to no knowledge of financial matters.

Why does this matter? Behavioral economic research suggests when


Congress Fires Warning Shot At Stretch IRAs, Threatens 5-Year Rule For All

(AFEA's Note: This is not part of the original article below.  Although this provision was eliminated from the Bill, it is important to point out that it seems the government has a very watchfull eye on the Qualified Plans of this nation and as the editor says in his note, "there's a good chance we'll see this rule crop up again."  With this in mind we believe that as part of National Save fo


Proposed $3 Million IRA Cap, Estate Planning Crackdowns, And Other Proposals Of President's Budget

(AFEA Note: This is not part of the original artical below. As a continuation of our previous post, here is yet another and more recent piece of legislation aimed at IRA's.  Given this legislation focuses on the current saver vs the second generation of the IRA, it still shows that Qualified plans [IRA's in particular] are a major target of the government in finding a new source of tax reve


Small and Mid-sized Businesses Take Note: 5 Things Not to do Regarding Health Reform

By Sheryl Southwick, Director of Compliance, TriNet

There are millions of articles and webpages that describe the Affordable Care Act (ACA). At least the same amount of articles and websites provide insight and opinions on this major piece of U.S. legislation. At TriNet, we serve ove


5 Reasons Annuities Will Become a Force for the Baby Boomer Generation

By Bill Broich

1. Outsmarting Longevity Risk: Income Rider.  Income riders changed the deal. No longer accurate is the perception that insurance companies are offering income so when the annuitant dies, they keep the money.  For years, this has been the myth.  The creation of fixed indexed annuities with income riders (guaranteed lifetime benefits) means retire


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Downey, CA, January 15, 2014 – The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Brandon Rivera as the new Chapter President of AFEA’s Downey Chapter.

Bringing over 7 years of experience to the Chapter, Brandon, a graduate of UCLA, is the co-foun


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Biloxi, MS, February 28, 2014 – The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Thomas Wiltz as the new Chapter President of AFEA’s Biloxi Chapter.

Bringing 24 years of experience to the Chapter, Tom, a graduate of the University of Mississippi


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Ft. Lauderdale , FL, March 19, 2014 – The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Shari Rubin Taylor as the new Chapter President of AFEA’s Ft. Lauderdale Chapter.

Bringing 12 years of experience to the Chapter, Shari, is a graduate of Baru


In divorce, retirement is at risk

Ed Slott

Spouses' division of 401(k)s, IRAs and other savings plans requires
special handling

Jun
8, 2014 @ 12:01 am (Updated 11:41 am) EST 

Splitting a retirement
plan in divorce often means tax problems. While matrimonial attorneys usuall


AFEA Welcomes New President

FOR IMMEDIATE RELEASE

Cypress, Texas, August 8, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Jim Byrnes as the new Chapter President of AFEA’s Cypress Chapter.

Bringing 14 years of experience to the Chapter, Jim Byrnes, a Biology major from the University o


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Indianapolis,Indiana March 18, 2014- The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Carl Barnowski as the new Chapter President of AFEA’s Indianapolis Chapter.

Bringing 22 years of experience to the Chapter, Carl, who spent several years serving in


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Grand Rapids, MI, August 8, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Laura Carlson as the new Chapter President of AFEA’s Grand Rapids Chapter.

Bringing many years of experience to the Chapter, Laur


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Greensboro, North Carolina, May 2, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Eric Brumagin as the new Chapter President of AFEA’s Greensboro Chapter.

Bringing 30 years of experience to the Chapter, Eric, a two time graduate of Oral Rober


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Wichita Falls, TX, September, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Bobby Collins as the new Chapter President of AFEA’s Wichita Falls Chapter.

Bringing 25 years of experience to the Chapter, Bob


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Loveland, Colorado, June 6,2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Gary Hansen as the new Chapter President of AFEA’s Loveland Chapter.

Bringing 35 years of experience to the Chapter, Gary a NSSA Certified Social Security Advisor with


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

North Central, Iowa, May 15, 2014- The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Belen Krabbe as the new Chapter President of AFEA’s Northern Iowa Chapter.

Bringing 30 years of experience to the Chapter, Belen, a gra


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Baton Rouge, Louisiana, May 20,2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Shane Earle as the new Chapter President of AFEA’s Baton Rouge Chapter.

Bringing countless years of experience to the Chapter, Shane, who is also the host of a loca


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

The Woodlands, Texas, July 16, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Dwight Lankford as the new Chapter President of AFEA’s The Woodlands Chapter.

Bringing 39 years of experience to the Chapter,


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Palm Beach, Florida,  June 7, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Thomas Braun as the new Chapter President of AFEA’s Palm Beach Chapter.

Bringing 38 years of experience to the Chapter, Thomas, an Accounting graduate of Colleg


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Springfield,, MO, July 24, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Barry Watts as the new Chapter President of AFEA’s Springfield Chapter.

Bringing 30 years of experience to the Chapter, Barry, an


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Tallahassee, Florida,  August 26,2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Mike Petrandis as the new Chapter President of AFEA’s Tallahassee Chapter.

Bringing 20 years of experience to the Chapter, Mike, a graduate of Florida State


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Peoria/Glendale, AZ, December 15, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Andrew Allen McKaig as the new Chapter President of


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Metro Detroit, MI, December 16, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Joshua Alpert as the new Chapter President of AFEA’s Metro Detroit Chapter.

Bringing 13 years of expe


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Tampa, FL, December 18, 2014 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Robert McDowell&nbs


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Rock Hill, SC, January 29, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Ed Barnard as the new Chapter President of AFEA’s Rock Hill Chapter.  Read more >


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Ann Arbor, MI, January 29, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name John Badalamenti as the new Chapter President of AFEA’s Ann Arbor Chapter.

Bringing over 15 years of experience to the Chapter, John, a Financial Management graduate of Wayne State University, is


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Broomfield, CO, February 23, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Gary Hansen as the new Chapter President of AFEA’s Broomfield Chapter.


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Clear Lake, TX, April 16, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Tom Broome as the new Chapter President of AFEA’s Clear Lake Chapter.


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Crystal Lake, IL, May 5, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Tom Boehmke as the new Chapter President of AFEA’s Crystal Lake Chapter. Read more >


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Raleigh, NC, April 30, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Erik K. Volland as the new Chapter President of AFEA’s Raleigh, NC Chapter.<


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Fort Worth, TX, April 28, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Richard Bassi as the new Chapter President of AFEA’s Fort Worth Chapter.<


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Stafford, VA, March 1st, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name Nora Hartquist as the new Chapter President of AFEA’s Stafford, VA Chapter.

Bringing over 30 years of experience to the Chapter, Nora, a graduate of Louisiana State Univer


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

St. Charles, MO, June 25 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Robert McDowell as the new Chapter President of AFEA’s St. Charles Chapter.

Bringing 17 years of experience to the Chapter,&


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE


Kennesaw, GA  June 26, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Mir Faisal as the new Chapter President of AFEA’s Kennesaw Chapter.

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AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE


Cardiff, CA,  June 25 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Todd Blackburn as the new Chapter President of AFEA’s Cardiff Chapter.


AFEA Welcomes New Chapter President!

FOR IMMEDIATE RELEASE

Orlando, FL -  June 12, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Jerry Kloppe as the new Chapter President of AFEA’s Orlando Chapter. <


AFEA Welcomes New Chapter President!

FOR IMMEDIATE RELEASE

Orlando, FL -  June 12, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Jerry Kloppe as the new Chapter President of AFEA’s Orlando Chapter. <


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE


Nick Norton, June 30, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Nick Norton as the new Chapter President of AFEA’s


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

JD Brannan, July 10, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name JD Brannan as the new Chapter President of AFEA&rsquo


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

James Lamont, July 10, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name James Lamont as the new Chapter President of AFEA&r


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Stephen Stricklin, July 15, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Stephen Stricklin as the new Chapter President of AFEA’s Read more >


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 

Manon Langenberg, July 15, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Manon Langenberg as the new Chap


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

James Groce, July 28, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 

George Hammontree, August 4 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Stephen Strickland as the new Chapter President of AFEA’s Co


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Chagrin Falls, OH, August 1st, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy education in U.S. schools, announced today that its Board of Directors unanimously voted to name John Badalamenti as the new Chapter President of AFEA’s Chagrin Falls, OH Chapter.

Bringing over 15 years of experience to the Chapter, John, a Financial


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Norman, OK, August 10, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Rod Moore as the new Chapter President of AFEA’s Norman, OK Chapter.

Bringing 25 years of experience to the Chapter, Rod is critically aware of the need for financial education and awareness, and en


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Asheville, NC, September 1, 2015 - The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Glen Pier as the new Chapter President of AFEA’s Asheville, NC Chapter.

Bringing 15 years of experience to the Chapter, Glen is a Master Elite IRA advisor with the Ed Slott Group, he is able to


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

Irvine, CA, October 2, 2015 - The American Financial Education Alliance, a national advocate for greater financial l


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Central Savannah River Area (CSRA) GA/SC October 6, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Stephen Dyer as the new Chapter President of AFEA’s Central Savannah River Area (CSRA) GA/SC Chapter.

Bringing 5 years of experience to the Chapter, Stephen graduat


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Wellington, FL October 12, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Thomas Deem as the new Chapter President of AFEA’s Wellington, FL Chapter.

Bringing 21 years of experience to the Chapter, Thomas graduated from the University of Phoenix with an AA in busi


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Overland Park, KS October 13, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name William Ehlers as the new Chapter President of AFEA’s Overland Park, KS Chapter.

Bringing 9 years of experience to the Chapter, Bill graduated from the University Nebraska with a bachelo


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 West Chester, OH October 15, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name John VanWeelden as the new Chapter President of AFEA’s West Chester, OH Chapter.

Bringing 15 years of experience to the Chapter, John earned his MBA with an emphasis in Finance, as well a


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Irving, TX October 19, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Scott McKay CFP® CIS™ as the new Chapter President of AFEA’s Irving, TX Chapter.

Bringing 15 years of experience to the Chapter, Scott graduated with h


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Walpole, MA October 27, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Michael Graff as the new Chapter President of AFEA’s Walpole, MA Chapter.

Bringing 31 years of experience to the Chapter, Michael graduated from the University


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Marietta, GA October 27, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Richard Baker as the new Chapter President of AFEA’s Marietta, GA Chapter.

Bringing 35 years of experience to the Chapter, Richard has acquired much experience


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Northville, MI November 11, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Phillip Putney as the new Chapter President of AFEA’s Northville, MI Chapter.

Bringing 25 years of experience to the Chapter, Phillip


AFEA Welcomes New Chapter President

FOR IMMEDIATE RELEASE

 Oakland/Macomb, MI November 12, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Reno Frazzitta as the new Chapter President of AFEA’s Oakland/Macomb, MI Chapter.

Bringing 20 years of experience to the Chapter,


AFEA Welcomes New Chapter President

 

FOR IMMEDIATE RELEASE

 Silicon Valley, CA November 23, 2015- The American Financial Education Alliance, a national advocate for greater financial literacy, announced today that its Board of Directors unanimously voted to name Richard Loek as the new Chapter President of AFEA’s Silicon Valley, CA Chapter.

Bringing 10 years of experience to the Chapter, Rick attended West Valley College and San