How is it that most high school graduates are leaving to go to college without having had a meaningful conversation or practice on budgeting? Here’s how you can kick off the year in a way to get them thinking about the concept.
Author: Tom Henske
How Advisors Are Tackling Gaps In Financial Literacy
“You would be amazed how much time is spent on the basics of personal finance for even the wealthiest of clients,” said Tom Henske, a financial advisor at The Affluent Insurance Advisor in New York City and founder of Total Cents, a program that teaches parents how to talk to their kids about money.
How The ‘Backdoor Roth IRA’ Can Benefit Some High-Income Clients
LimitationsYou can’t actually contribute more than $6,000 a year to a Roth IRA, or $7,000 annually if you’re 50 or older, whether it’s a direct investment or a conversion. That may be…
What Is a Secured Loan?
However, payday loans’ astronomical rates of interest—often as high as 400% APR—mean they should be a last resort because lenders charge astronomical fees, says Thomas Henske, a certified financial planner in New York. “People who need a payday loan…don’t have any other options,” he says.
Does Your Client Need Emergency Cash? Here Are Some Options
Everything Your Child Should Know About Money
BUT DOESN’T KNOW THE QUESTIONS TO ASK
Setting a New Record
Americans believe it takes $2.2 million to ‘be wealthy’—here’s how much you need to invest to get there
Where Westport Meets the World “06880” Podcast: Tom Henske
Advice for the class of 2022: What new graduates need to know about money and jobs
If you wait too long to start, you will miss out on the compounding interest that can really make your money grow. CFP Tom Henske, managing partner at New-York based The Affluent…