4 books to help you keep your money resolutions in 2020, according to financial experts
Grow - Acorns + CNBC/December 2019
5 smart pieces of investing advice financial planners will tell you for free
Business Insider/December 2019
"Analyzing your options is not the entire step. You have to move beyond that. Take the risk of taking action." Says Erika Safran.
More young people are dipping into their 401(k), a trend experts call ‘troubling’
Grow - Acorns + CNBC/November 2019
“Many younger folks have more debt (in terms of school loans) and less income adjusted basis than their parents did at their age.” Says Erika Safran.
Young adults are taking longer to reach financial independence
yahoo!money/November 2019
“I don't see young people being irresponsible with credit cards, or going out and buying things that they can't afford,” says Erika Safran. “I see some circumstances that will prevent them from ever achieving certain goals, like the opportunity to buy a house.”
Here’s whether it makes sense to ditch stocks and move to cash
CNBC/August 2019
“There can be value in holding cash, but it should be part of a larger plan, not because you’re running for the hills.” Erika Safran
How to start saving for your kids to go to college, in 3 steps
Business Insider / April 2019
Erika Safran, certified financial planner and principal at Safran Wealth Advisors, says anyone saving for college should invest in a 529 plan, set up ...
Now may be the time to use bonds in portfolios
CNBC / March 2019
Erika Safran, CFP, founder of Safran Wealth Advisors, said that "it's always time for bonds." She added: "You just have to know why you are buying ...
Money Matters / February 2019
Your financial success relies on good habits and smart decisions. Erika Safran will share important financial principles to help you live the life you envision for yourself.
Space ETFs Invest in Mostly Earthbound Stocks
Bloomberg Businessweek / January 2019
“I don't think the cost is a distractor if it's one of the few ways to meet your objective”
Advisors' Smart Steps To Stop Clients From Checking In Too Often
IBD / January 2019
"I love the incoming calls," said Erika Safran, a New York City-based certified financial planner. "If a client calls you more than you want them to, that means there's something they need that you have to provide. “
Without a reliable way to predict which country or equity style will deliver the highest return, we emphasize the importance of a global diversified approach.
If the new RMD proposal becomes a reality
Marketwatch / September 2018
“It is an unnecessary act for the majority of the population who are drawing down their retirement assets,” Erika Safran, a financial adviser at Safran Wealth Advisors in New York, said about the executive order. “It’s a nice bonus for the small percentage of the population who does not rely on retirement savings.”
Erika Safran CFP ™ discusses the balance needed between short term goals and longer term needs, allocating for tax efficiency, risk tolerance and risk capacity, when conservative strategies turn risky, and portfolio allocation strategies for different life phases and income needs.
Presented by the Financial Planning Association of NY.
Many people are not prepared for this $280k retirement expense
CNBC / May 2018
Kick the tires on your overall plan for financial security rather than worry about health costs , specifically, said certified financial planner Erika Safran, founder of Safran Wealth Advisors in New York City. Working with a financial professional can help you assess how well you've prepared, and if there are other plan elements to put in place.
Here's how to plan for higher health-care costs in retirement
CNBC / April 2018
Health savings accounts, or HSAs, can be an important resource to save during your working years, certified financial planner Erika Safran, founder of Safran Wealth Advisors in New York City, told CNBC last week. The accounts, available to workers with high-deductible health plans, offer a triple tax ...
Desperate to get into bitcoin, investors slip into debt
CNBC /January 2018
Another problem with going into debt for cryptocurrencies is that people will have to pay back their debt before they see sufficient returns, said Erika Safran, founder of Safran Wealth Advisors. That may require tapping other resources, potentially creating further financial trouble. "If you can stay on for ...
How advisors are telling clients to prepare for tax reform
CNBC /December 2017
You don't want to do something that would be financially damaging if a particular change doesn't go through, said Erika Safran, a certified financial planner and founder of Safran Wealth Advisors in New York. "You've got to be nimble. Now that we know what we have, what do we do about this?"
5 tips to help adult children prepare for their inheritance
American Capital Group / November 2017
“Have periodic check-ins,” says Erika Safran, founder of Safran Wealth Advisors. “Parents should use their good judgment and share information that matches the responsibility and maturity of their children.”
Advisers still wary of bitcoin as interest grows
Investment News /November 2017
"I have clients who invest in bitcoin, and just last week had two clients call me to find out how," said Erika Safran of Safran Wealth Advisors. "I don't use cryptocurrency as part of client portfolio ...
401(k) investors unsettled by Washington wavering on tax reform
Market Watch / October 2017
Two-thirds of Americans aren't even saving money in a 401 (k), let alone maxing out their contributions each year.
5 Ways to Minimize Taxes on Retirement Income | Investing 101 | US ...
US News and World Report / October 2017
The best time to convert to a Roth IRA is during a low-income year, and it's especially effective if you have not filed for Social Security
Leave a Legacy for Your Grandchildren
American funds / September 2017
“Contributing as little as $50 a month from birth through high school can make a huge difference,”says Erika Safran, founder of Safran Wealth Advisors.
RIAs weigh pros and cons of offering trust services
Investment News / August 31, 2017
“There is tremendous responsibility that comes with being a trustee," said Erika Safran, owner of Safran Wealth Advisors."If you're going to be a trustee, you have to be very well versed in trust services," she added.
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.”
How to Ditch that Holiday Debt
MassMutual Financial Group/ 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.”
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."
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.”
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.
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.
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.”