How the Next President Could Save Social Security

The problem

Since 2010, Social Security’s funding mechanism has been taking on water. The number of workers supporting a growing number of retiring baby boomers is not sufficient to pay all the benefits they are due.

'Trust fund' draw down

Saving Money Versus Paying Off Debt

How to Save Money on Bank Fees

AARP, August Edition

With technology leading the charge, prices have come down on everything from cellphones to cars. But personal banking — one of the last bastions of our tech-savvy society resisting change — has been digging in its heels.

Bank fees on everything from ATMs to overdrafts have been soaring in recent years. Conventional banks want to charge more, particularly those with brick-and-mortar branches, because they are making less money on loans and need to make up the difference on basic banking services.

Financial Lessons For Your Teen

How to Purchase the Right Amount of Life Insurance

Anyone with a family to protect understands the critical role life insurance plays in their financial plan However,  in determining the actual amount of coverage to provide essential protection needs, many people tend to adhere to simplistic rules-of-thumb, such as a “multiple of income,” which may leave them wondering if they own too much or too little coverage. That’s not exactly the “peace-of-mind” we hope for when buying life insurance.

Why You Should Monitor Your Credit

Let’s state up front that you don’t need a credit monitoring service to stay on top of your credit status. For people who are diligent and deliberate in monitoring their own credit, they can do so by accessing a free credit report from each of the credit bureaus once per year. And, for the credit monitoring critics who will tell you that these services do little to actually prevent identity theft or credit fraud, let’s concede that they are right. But then, nothing except the precautions you take up front can protect you from determined identity thieves. But, for the millions of people each year who fall victim to identity theft, credit card fraud, or mistaken scoring on their credit reports, a systematic and automatic approach to credit monitoring may have enabled them to react a little more quickly to the damage.

Before you retire make a leisure plan with purpose

Robert Powell, USA Today

During your working years, time is money. But in retirement, time is, well, leisure. Trouble is, very few pre-retirees are taking the time to figure out what they are going to do with all their free time in retirement, according to Merrill Lynch's study "Leisure in Retirement: Beyond the Bucket List." Here’s what experts say you should do to plan for all the leisure time in your golden years.

Keeping Up With the Identity Thieves

Identity thieves are upping their game. In their relentless pursuit of your personal identifying information (PII) they are constantly evolving in their technology and their techniques to stay one step ahead of you. In past blog posts we have hammered on the steps you need to take to fortify your defenses against identity theft. It is up to you to take every precaution you possibly can, but even that may not be enough. You also need to stay abreast of how they are changing their game. These are a few of the methods law agencies are reporting as increasing in use.

Advice as markets react to "Brexit": Take some deep breaths and don't do a thing

CNBC, Ron Liber

The impulse when the stock market abruptly plunges is to do something. Anything. Our life savings are often on the line, after all.

But that's just the thing: Stocks are most useful for long-term goals. So unless those goals have changed in the last day or two (and they may well have for some people who live and work in Europe), it probably doesn't make much sense to overhaul an investment strategy based on a blip of market activity.

Financial Times Top 300 Investment Advisors

ARS Wealth Advisors is thrilled to be one of sixteen firms in Florida and the only firm in the Tampa Bay area to be recognized by Financial Times. We are grateful for the opportunity to continue to serve our clients and be a trusted financial partner.

This third edition of the Financial Times 300 has assessed registered investment advisers (RIAs) on desirable traits for investors.

To ensure a list of established companies with deep, institutional expertise, we examine the database of RIAs registered with the US Securities and Exchange Commission and select those that reported to the SEC that they had $300m or more in assets under management (AUM). The Financial Times’ methodology is quantifiable and objective. The RIAs had no subjective input.

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