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Newport News, VA -Based Financial Advisor Providing FREE Financial AdviceThousands of consumers expected to receive free guidance from NAPFA and Kiplinger's Personal Finance magazine January 13th and 30th 2009To Consumers Across the Country:Newport News, VA (January 30th and January 13th) - The numbers don't lie. During the past five years, the National Association of Personal Financial Advisors (NAPFA) and Kiplinger's Personal Finance magazine have teamed-up to provide consumers with FREE financial advice during Jump-Start Your Retirement Planning Days. Since 2004:
And now NAPFA and Kiplinger's Personal Finance magazine are gearing up for their fifth year of providing free objective advice with Jump-Start Your Retirement Planning Days. And Katherine L Brown of The Advisory Firm of Katherine L Brown, LLC in Newport News, VA will be giving her time to this worthwhile project. Jump-Start Your Retirement Planning Days is a chance for consumers to get FREE financial advice by telephone from some of the nation's top financial advisors. Free to the public, consumers can call from 9 a.m. until 6 p.m. EST on Tuesday, January 13th and Friday, January 30th. Katherine Brown and other NAPFA-Registered Financial Advisors will be standing by to answer people's most pressing retirement questions, from IRAs to estate planning to identifying goals for a comfortable retirement. "It is exciting to be in a position to help people better understand their financial situation," said Katherine Brown. "It's gratifying to be able to help so many callers. They really appreciate the fact that we donate our time and expertise. I look forward to rolling up my sleeves and helping consumers of all backgrounds." The toll-free number for Kiplinger's Jump-Start Your Retirement Planning Days is 888-919-2345. Further information on this initiative and retirement planning can be found in the February 2009 issue of Kiplinger's Personal Finance and at www.NAPFA.org. To talk with Katherine L Brown about her involvement in Jump-Start Your Retirement Planning Days, please contact her at (757) 847-3040. You can visit her website at www.brownplanning.com. ABOUT NAPFA Since 1983, The National Association of Personal Financial Advisors (NAPFA) has provided Fee-Only financial planners across the country with some of the strictest guidelines possible for professional competency, comprehensive financial planning, and Fee-Only compensation. With more than 21,000 members across the country, NAPFA has become the leading professional association in the United States dedicated to the advancement of Fee-Only comprehensive financial planning. For more information about NAPFA, please visit www.napfa.org or call 1-800-366-2732. ABOUT KIPLINGER'S PERSONAL FINANCE Kiplinger's Personal Finance magazine has been providing millions of Americans with own-to-earth advice on managing their money and achieving financial security since 1947. Along with Kiplinger.com, it is a source of advice and information on saving and investing, taxes, credit, homeownership, paying for college, retirement planning, car buying and many other personal finance topics. For more information, please visit www.Kiplinger.com. The Paladin RegistryPRESS RELEASEFOR IMMEDIATE RELEASE Katherine L. Brown, CSA Has Been Admitted to the Paladin RegistrySacramento, CA October 5, 2005, Paladin announced that Katherine L. Brown, CSA has been awarded a four star rating and has been admitted to the Paladin Registry. The Registry is a web-based service, www.paladinregistry.com, that provides a search service for finding financial advisors and evaluating online documentation for their credentials, ethics, and business practices. These professionals rank in the top 10% of their profession and investors can use this free service to find, evaluate, and select advisors who have the knowledge and integrity to help them achieve their financial goals. Jack Waymire, Paladin founder and author of Who’s Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor said the Registry solves three major problems for investors who rely on financial professionals. “First, quality advisors are hard to find because they do very little marketing – they don’t have to. Second, most investors don’t know good advisors from bad ones and all too often select the ones with the best personalities and sales skills. And third, they don’t know good answers from bad ones which makes them vulnerable to advisors who will take advantage of them. The Registry solves all three problems. It lists quality advisors making them easy to find. Paladin focuses investor attention on competency and integrity instead of personalities and sales skills. And lastly, we provide standardized documentation and a relative rating for each advisor. Waymire acknowledged that Paladin’s admittance requirements are designed to exclude bad advisors. His company’s independent evaluation of advisor credentials, ethics, and business practices reduces the number even further. The result is a directory of high quality professionals that’s the first to provide ratings and documentation for competency, integrity, wealth management services, and business practices.
About Paladin Registry, LLC
About Katherine L. Brown
Katherine has earned the credentials of Certified Senior Advisor, which aids in her specialty of helping clients over the age of 50+ plan in their post retirement years. She also holds a Bachelor degree in Biology from Stanford University.
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FOR MORE INFORMATION ABOUT KATHERINE BROWN, CONTACT: Good planning key to pulling through slumping economyThe most important thing for people to do is make sure they have emergency reserves — cash — on hand.
By Lisa Finneran
Wondering what you should do in light of Monday's events in Washington and on Wall Street?We talked with financial planner Katherine L. Brown, owner of the Advisory Firm of Katherine L. Brown in Newport News, about what the failed $700 billion bailout of the banking industry and the subsequent record drop in the stock market means to us here on the Peninsula. Q: How does all of this affect me? A: I think the most important thing for people to do is make sure they have emergency reserves — cash — on hand in case they did lose their jobs in this economy. Q: Exactly how much money should I have in reserve? A: Enough to pay three to six months of your expenses. And it should be in an FDIC (Federal Deposit Insurance Corp.) insured account, a savings account at your local bank or another financial institution. Right now with the economy the way it is, money market accounts are not the best place for it to be. At least your emergency reserves should be somewhere safer. Q: What is the most important thing I need to know right now. A: You need to know that you can lose a lot of money in the short term. If you're not prepared to do that, you need to look at how you are investing your assets. But in the long term, the market goes down, the market goes up. But sometimes it takes a long time to go back up. Which is why long-term planning is so important. Q: How often should I evaluate my accounts under normal circumstances? A: At least once a year. But you might want to do it more often if things change in your life: an illness, a job change or something like that. Q: Should I be worried about my future? A: When people lose their jobs, that's one thing. But if you're looking at a portfolio that you aren't going to be taking money from for 10, 15 or 20 years, then I would say no. Q: What if you are retiring in two years? A: You probably shouldn't have too much money in the market. You probably should be looking at a conservative portfolio. There is no rule of thumb, but the closer you are to retirement, the more conservative you should be. Q: What is the worst thing I could do right now? A: If you are looking at a long-time horizon and you have a high level of risk with your investments, you definitely should not sell at this time. |