Entries by Franklin Banfer


Investing in Retirement as a Millennial

The average retirement savings for those between 32 and 61 years of age is $60,000. Retirement seems to be a lifetime away for millennials, but saving for retirement should begin early. Some studies even suggest that saving an amount that is double your salary by age 35 is the recommended start. This could be alarming […]


Great Ways To Start Saving For Retirement

Half of eligible employees under age 34 do not contribute to their employer sponsored 401(k) plans. Of the employees who do contribute, 40% do not contribute enough to take advantage of the employer match program. Read on to discover why it is never too early to begin to save for retirement and how employer sponsored […]


Value of a Financial Advisor

The Internet allows us to access unlimited sources of information and to even invest online at a low cost. The cost of your time, however, is high. Vanguard reports that the value added by a financial advisor can be reported by portfolio net returns of 3%. However, return on investment of a good financial advisor […]



Welcome to the New Year! Start the year 2018 with a complete understanding of where you stand financially, and begin to set goals for yourself. We have compiled a checklist to help you through this process. Personal Finances  List all assets, including accounts, real estate, savings, valuables, etc.  List all debts including mortgage, […]

Social Security Cost of Living Increase for 2018!

The Social Security Administration recently announced that the 2018 Cost of Living Adjustment (COLA) will result in a 2% increase in Social Security benefits next year. The monthly benefits increase, which will begin in January, is significant because it is the largest COLA in six years and will impact more than 69 million Americans. It […]