The team at Egan, Berger & Weiner, LLC
The partners at Egan, Berger & Weiner, LLC: Bryan Beatty, Sheldon Weiner, and Michael Egan
The Financial Advisors at Egan Berger & Weiner, LLC, include: (Back row from left) Carmen Martinez, Bryan Beatty, Howard Pressman, Dave Beck; (front) Michael Egan, and Sheldon Weiner
Bryan Beatty was featured on News Channel 8's "Let's Talk Live!" on Feb. 22, 2013. Reporter Sonya Gavankar gets his insights into inflation and how it will impact your retirement. Watch the entire episode on EBW's Financial News TV.
Sheldon Weiner was featured on "Let's Talk Live!" on Jan. 4, 2013. He tells reporter Sonya Gavankar that he knows it has been tough for people to feel confident about their retirement savings. To make matters more complicated, many people are behind in their retirement planning. So what can you do? Watch the entire episode on EBW's Financial News TV.
Egan, Berger & Weiner LLC founding partner Michael Egan was featured on "Let's Talk Live!" on Nov. 30, 2012. He explains to reporter Sonya Gavankar how to traverse the complicated Social Security system, which requires a significant amount of planning before you file for benefits. Watch the entire episode on EBW's Financial News TV.
Bryan Beatty, Let's Talk Live
November 21, 2012
When EBW partner Bryan Beatty was featured on "Let's Talk Live!" on Nov. 21, 2012, he gave insight to the self-employed about their retirement options. He explains to reporter Sonya Gavankar that especially you work for yourself, planning ahead is mission critical. Watch the entire episode on EBW's Financial News TV.
Financial Advisor Carmen Wu shares insights on News Channel 8 about "How to Plan Ahead for College."
Do You Really Need Long-Term Care Insurance? EBW's Dave Beck Offers Insights on Let's Talk Live
Sheldon Weiner Explains to Top 10 Retirement Mistakes You Don't Want to Have to Explain to Your Wife on Let's Talk Live
Howard Pressman talks to News Channel 8 reporter Angela Stribling on December 23, 2013 about the "Four Most Dangerous Words" you can utter when it comes to planning ahead for retirement.
EBW celebrates its 10th anniversary at its October 2013 Back to School Night event
Don't miss this dynamic webinar featuring ACC Family president Jim Lindsay on Global Demographic Trends, and how they impact you.
Egan, Berger & Weiner, LLC is an independent financial services firm based in Northern Virginia. Our associates have decades of experience in helping our clients plan ahead for retirement.
Our mission is simple: To help our clients accomplish their dreams by skillfully navigating them through life’s myriad financial decisions.
That’s why we launched EBW’s Financial Planning Knowledge Center — a website filled with articles that we have written, interviews we’ve given, and information that we regularly share on radio and TV news shows.
EBW’s Michael Egan and Howard Pressman are named two of Washingtonian magazine’s Top Money Advisers. Read all about it!
Howard Pressman (left) is also the 2015 Planner of the Year by the Financial Planning Association’s National Capital Area Chapter. More here.
It’s our clients who inspire us! To show our appreciation, each year we host Back to School Night. It includes educational seminars taught by expert speakers, as well as delicious food, music and dancing, and great networking opportunities for the hundreds of people who attend. Click here for photos from this year’s event. And click here to watch the video from last year’s 10th anniversary celebration.
To learn more about Egan, Berger & Weiner LLC, visit www.ebwllc.com, and call 703-506-0030.
March 2016 — With tax season upon us, here’s a question to ask yourself. How tax-smart are you about your healthcare expenses?
According to Egan, Berger & Weiner LLC Financial Adviser Wade Brittingham, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) may be two great ways to lower your tax bill with Uncle Sam each year — plus save money on out-of-pocket healthcare expenses.
On today’s episode of News Channel 8’s Let’s Talk Live, Wade explains:
1. What are HSAs and FSAs?
2. What are the tax benefits?
3. How can they help pay your out of pocket medical expenses such as co-pays?
4. Why aren’t these accounts used more frequently?
5.Who do you contact to open these accounts or begin contributions?
Click here to watch the segment.
“Whether your kids are graduating from college, starting their first job, getting married, or having a child of their own, it is always a good time to encourage them to get a financial plan started. A good plan never stops evolving, and it adapts to the changes in your life,” explains EBW founding partner Michael Egan. Scroll down for more of his thoughts.
Also this month:
- Save the Date: Sunday, May 22, noon to 4 p.m. — EBW Family Fun Day: Bring your kids or grandkids for a day of fun at the Dulles Golf Center. Entertainment for the entire family will include face painting, a moon bounce, volleyball games, miniature golf, driving ranges, batting cages, horseshoes, and other fun activities. Food and drinks will be provided.
- Michael Egan on News Channel 8 “Let’s Talk Live” program: Tune in on May 17 at 10 a.m.
Here’s to your financial future. — From all of us at Egan, Berger & Weiner, LLC
April 27, 2016, The Fiscal Times — Certified Financial Planner Howard Pressman is featured in the Fiscal Times today in an article entitled, “Prince and 3 Other Celebrities Who Screwed Up Their Last Wishes.”
Reporter Janna Herron writes: “Like Amy Winehouse, Jimi Hendrix and Bob Marley before him, Prince was an enormously talented musician who died way too young. And they all have one other thing in common: They left no will. Prince joins the rank of celebrities who departed this world without directions on how to divide up his possessions, according to court documents filed this week by his sister. That leaves in question how his reportedly $300 million fortune will be divvied up among his family.”
The artist, though, is not unlike many regular folks. Nearly two-thirds of Americans don’t have a will, according to a 2014 survey from Rocket Lawyer, including 55 percent of parents. The majority of people said they hadn’t gotten around to drafting one, while 22 percent said it wasn’t urgent and 17 percent didn’t think they needed one, despite what financial planners say.
EBW’s Pressman explains: “A will is important because it allows you to exercise control over your assets and in some instances family members, from the grave. If you don’t have a will, the state has one for you. Property will eventually be divided, but it may take a long time, be a contentious and expensive process that may tear your family apart and in the end, most likely not be done the way you would have wanted it.”
April 2016 — The Tax Man Cameth this month, and the good news is that it’s behind us for them most part. So while all of that accounting is still at the top of your mind, here’s something to consider for next year, according to Certified Financial Planner Howard Pressman: Roth accounts.
Indeed, we have Howard here today on Egan, Berger & Weiner’s “Finance Rules” radio show to discuss the fact that Roth accounts are a great way to build flexibility into your retirement income planning. But to make the most of them — it’s best to start planning long before retirement.
In this podcast interview you’ll learn:
1. What is the difference between a Roth IRA and a Traditional IRA?
2. When you make a contribution to a Traditional IRA or 401(k) I understand that it is done before tax, meaning that you usually get a tax deduction equal to your contribution. Can you give us an example?
3. Are Roth accounts good strategies for younger investors?
4. What about for someone closer to retirement. Would a Roth still make sense?
5. You mentioned in your monthly e-newsletter to your clients that a Roth IRA may help lower Medicare premiums, can you explain that?
6. Last, tell us how to we can sign up for that e-newsletter so our viewers can get more financial planning tips like the ones you’ve shared with us today.
Download the podcast now!
By Michael Egan, CFP®
CERTIFIED FINANCIAL PLANNER™
Partner, Egan, Berger & Weiner, LLC
One of the biggest things you can do to ensure the success of your financial plan is to make sure your children have a plan. I have seen so many good financial plans derailed over the years because of parents’ need or desire to help out their kids, or grandkids.
The statistics are staggering:
- 35 percent of Americans say they have no money saved for retirement. (Harris Interactive, 2011)
- 56 percent have less than $25,000 saved for retirement. (Employee Benefit Research Institute, March 2011)
Read more to learn more about the key milestones to consider to help your children avoid becoming one of those statistics.