Test Your Financial Fitness

Assess your financial vital signs and plan your first steps to financial success.


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.”


Managing  Risk in Your Retirement Portfolio –NYPL - Science, Industry and Business Library, Saturday, 28. July 2018

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."

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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

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

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.”