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Save clients from tax pitfalls, family strife when passing on that lake cabin

Save clients from tax pitfalls, family strife when passing on that lake cabin

Financial Planning Magazine / May 23, 2017

"Certain planning techniques allow estate owners to bequeath vacation homes without triggering hard feelings and large expenses.”

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How to Ditch that Holiday Debt

How to Ditch that Holiday Debt

Mass Mutual / January 9, 2017

"It’s fun to give gifts and very easy to put it all on a credit card,” said Erika Safran, a financial professional with Safran Wealth Advisors in New York, noting it’s tough to keep track of your spending when you pay with plastic. “The holidays give more of a license. They may feel justified because they are buying for someone else.”​

 

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Americans say this is their top financial regret

Americans say this is their top financial regret

CNBC / May 20, 2016

"When my clients come to me asking me how to get themselves out of difficult situations, I don't beat them with a stick," Safran said. "People are always trying to mend the fences."

 

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Advisors See New Fiduciary Rule As A Chance To Educate Clients

Advisors See New Fiduciary Rule As A Chance To Educate Clients

Investor’s Business Daily / April 15, 2016

"Over the past year, I’ve had more people ask, ‘Are you a fiduciary?’,” said Erika Safran, a certified financial planner in New York City. “They’re more interested in how I’m compensated, which I think is great."

 

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It takes a village of options to pay college tuition

It takes a village of options to pay college tuition

The Fiscal Times / April 7, 2016

"Safran's clients usually have about $100,000 set aside in college savings plans, and she encourages them to stretch out the funds so they can keep accumulating value through investment."

 

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Why saving is only half the equation for a comfortable retirement?

Why saving is only half the equation for a comfortable retirement?

Deseret News / March 30, 2016

"New York certified financial planner Erika Safran recommends coordinating withdrawals from tax-free vehicles such as Roth IRAs with other taxed sources (such as conventional IRAs) so that no one year in retirement is particularly burdensome.​"

 

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Should you pay for your child’s college?

Should you pay for your child’s college?

CNBC / March 10, 2016

"You have to be aware of what you'd be sacrificing," said Erika Safran, a certified financial planner and president of Safran Wealth Advisors in New York. "Will you run out of money at age 75? You must also consider medical expenses and where you will live."

 

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Tips from the Pros, MONEY video series

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Tips from the Pros, MONEY video series

TIME / February 4, 2016

Watch video here:

"The common money mistake that I see people making is not having a plan, not writing down what you want this money to do for you, not writing down what your future goal is."

 

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So you want to be a freelancer

So you want to be a freelancer

CNBC / October 27, 2015

"Set up two budgets. Keeping your finances in order is vital to the success of your work. Erika Safran, a certified financial planner and president of Safran Wealth Advisors in New York, suggests keeping a separate account for your business and for your personal life to help track expenses for both. "That is a key organizational issue," said Safran. "At the end of the year, it will be much easier to identify your business expenses and identify them on tax returns."

 

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The other side of a will: Serving as executor to an estate

The other side of a will: Serving as executor to an estate

CNBC / October 3, 2015

"Before you consent, said Erika Safran, a certified financial planner and founder of Safran Wealth Advisors, consider the commission with care. Educate yourself on how much work is involved (it can take up to two years to settle an estate) and honestly assess whether you're willing and able to handle the job."

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