Financial Planning

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Irvin's Ireland Lottery Interview

Posted by: Irvin G. Schorsch III

I received a call from Emma Cawley, a radio producer from Newstalk Radio Ireland, based out of Dublin. Emma had previously seen my article on Sudden Wealth Syndrome...


Teaching Children the Value of Entrepreneurship, Part 2

Posted by: Irvin G. Schorsch III

As we discussed in my last post, kids can learn many valuable life lessons from their entrepreneurial activities. One PCM colleague -- a national broadcast entrepreneur...


It's Never Too Early to Prepare End of Life Documents: 4 Must-Have Estate Planning Documents That Need to Be Updated Regularly

Posted by: Irvin G. Schorsch III

Now is the time of year when we get together for traditional family gatherings. On a less joyous, but equally important note, it’s also an ideal time to have important conversations with parents, siblings and other close relatives about their estate plans. Sure, you have to pick your moments carefully, and not everyone’s going to be in agreement. But, this recent Kiplingers Personal Finance article had some great tips (albeit pretty basic) about getting end-of-life documents in order. If nothing else, you want to make sure you have four key documents accurate and up to date:


Repaying College Debt and Growing Wealth

Posted by: Irvin G. Schorsch III

With the outlook for college graduates improving each year, graduates are able to land a first-time job and pay off college debt much faster than those in recent years. The National Association of College and Employers projects that 9.6 percent more graduates will be hired from the class of 2015 than were hired from the class of 2014. This hiring increase continues to rise year after year, since late 2002 when the group began to survey employers and graduates.


A Few Questions for Mom and Dad

Posted by: Irvin G. Schorsch III

Unfortunately there comes a time in our lives when we have to discuss our parents mortality. This is no easy task but should be done sooner rather than later. The best approach to the conversation is to assure them that you want to protect their assets and make sure that each specific wish they have is honored.


Retirement VS. Inflation - Ding! Round one!

Posted by: Irvin G. Schorsch III

We have all seen what can happen during a very anticipated boxing match, but there are questions to ask yourself and ways to avoid a financial “knockout”. You need to train hard by creating a full-proof withdrawal plan before you start throwing punches.


401k First, Everything else Second

Posted by: Irvin G. Schorsch III

Financial professionals have many different tactics and opinions when it comes to saving the most for retirement. You can contribute around $20,000 to your 401k plan annually and usually this is a great place to start, at least up to matching percentage. Matching percentage can vary anywhere from 25%-100% on the dollar. No investment will guarantee a specific return and if they are make sure that your FINRA official is aware of it.


Preparing Your Children, and Your Wallet for College... Sure-Fire Strategies To Lessen the Financial Pain

Posted by: Irvin G. Schorsch III

You just can’t rush into some things or leave them to chance. Preparing your son or daughter for college is one of them. The cost of a college education is soaring, and the average student loan debt of...