According to a NBC poll in October, only 34 percent of respondents said they believe the American dream still holds true. Like a tree falling in a forest, if so few of us believe in the dream, then does it exist? Well that depends on what your dream is. If that dream is to retire young, then make sure you save more each month to ensure that can happen. If say you want to retire under 60, Christopher Jones, who runs Sparrow Wealth management, says that goal "exponentially increases the amount you need to save for retirement."
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Christopher Jones, a certified financial planner and founder of Sparrow Wealth Management in Las Vegas, says your own plans for retirement and the rest of your life will help to determine the best option for you. The lump sum-versus-annuity question "comes down to how comfortable you are managing money or working with a financial adviser to manage it," Jones says. Ultimately, the decision "really is based on what your goals are and what personal challenges there are going to be."
There was a big stock sell-off on Wall Street Monday triggered by a sell-off in China. So, is it time to hit the panic button? "It's very difficult to predict in the short term what type of impact China will have," according to Christopher Jones, Certified Financial Planner. "It's an important economy, but like any short-term impact -- it goes away. Long term is what we need to focus on. Short term volatility is common in every market."
Despite living in an electronic age, you may feel as though you're drowning in paper: bills, monthly statements, insurance claims, the works. Fortunately it doesn't have to be that way. Take these steps to protect your electronic records, says Chris Jones, president of Sparrow Wealth Management, in Las Vegas.
Adviser Chris Jones, founder of Sparrow Wealth Management, said he uses Sharefile to send files to clients securely. He praised virtual meetings for providing "a lot of flexibility in your practice." Mr. Jones, who meets with about 97% of his clients remotely, said that because his clients were accustomed to virtual meetings he was able to pick up his business and move to Las Vegas to be closer to his children.