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.
With tax season upon us, here’s a great tip from Egan, Berger & Weiner CFP® Howard Pressman: “Roth accounts are a great way to build flexibility into your retirement income planning. To make the most of them, however, it’s best to start planning long before retirement.”
Don’t miss his tips.
Also this month:
- Be sure to tune to News Channel 8’s “Let’s Talk Live” on April 20 at 10 a.m. to watch Pressman talk about this topic with the show’s co-host, reporter Kidd O’Shea.
- And, be sure to attend EBW’s upcoming events! You’ll find those details in the sidebar, as well.
From all of us at Egan, Berger & Weiner, LLC, good luck finishing your taxes. Here’s to your healthy financial future!
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.”
The growth of automated investment-advice platforms called Robo-Advisers has been the topic at just about every conference in the financial advising industry in recent months.
But using robo-advisers can be a very bad idea, insists Certified Financial Planner® Bryan Beatty, a partner at the Tyson’s Corner-based financial services firm Egan, Berger & Weiner LLC.
On today’s episode of EBW’s Finance Rules Radio Show, Beatty explains:
1. What are “Robo-Advisors” that folks have been hearing about?
2. How is working with a real face to face advisor different?
3. How much can can planning mistakes cost?
4. I think people understand finances to some degree, can you explain what is meant by behavioral finance?
Click here to download the podcast now!
By Howard Pressman, CFP®
Egan, Berger & Weiner, LLC
Roth accounts are a great way to build flexibility into your retirement income planning because they trade tax benefits today for tax benefits in the future.
To make the most of them, it’s best to start planning long before retirement.
Here’s a brief primer.
When you make a contribution to a Traditional IRA or 401(k) it is done before tax, meaning that you usually get a tax deduction equal to your contribution. As an example, Susan, a 40-year-old architect, makes $100,000 and elects to contribute $18,000 to her 401(k).
When Susan files her taxes, she’ll deduct the contribution amount from her income, reporting only $82,000. While in your 401(k), your money will grow tax-deferred, meaning you’ll pay no taxes on the growth. However, when you begin taking money out of this account, you will pay ordinary income taxes (the highest of your tax rates) on the entire amount withdrawn.