Blog

Protecting Yourself Against Cyberattacks

How vulnerable is your data?

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

25% of Americans were cyberhacked between March 2014 and March 2015. The American Institute of CPAs announced that alarming discovery in April, publishing the results of a survey conducted by Harris Poll. Disturbing? Certainly, but the instances of pre-retirees being victimized were even greater – 34% of adults aged 55-64 reported having their data stolen or compromised within that period.1

Getting It All Together for Retirement

Getting It All Together for Retirement

Where is everything? Time to organize and centralize your documents.

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

Before retirement begins, gather what you need. Put as much documentation as you can in one place, for you and those you love. It could be a password-protected online vault; it could be a file cabinet; it could be a file folder. Regardless of what it is, by centralizing the location of important papers you are saving yourself from disorganization and headaches in the future.

Saving Your Elderly Parents from Financial Fraud

Saving Your Elderly Parents from Financial Fraud

Talk to them about their money (and those who could take it away).

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

Elders are financially defrauded daily in this country. Just a tiny percentage of these crimes are made public. In fact, the National Adult Protective Services Association (NAPSA) estimates that only 1 in 44 cases of elder financial abuse are reported. A recent NAPSA study found that 11% of seniors had been financially “abused, neglected or exploited” within the past year.1

Estate Planning: 4 Key Documents

Estate Planning: 4 Key Documents

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

“Planning is bringing the future into the present so that you can do something about it now.” ~ Alan Lakein

This saying came across my desk recently, and it got me thinking.  As you know, part of my job as a financial advisor is to help people like you work toward their financial goals. But to do that, we first need to assess your goals, and then effectively outline what must be done to work toward them.  These are the two stages of planning, and both are essential toward reaching your goals. 

One type of planning is particularly important: estate planning. It’s the best way to ensure your loved ones receive what you’ve worked so hard to earn.  It’s also a critical part of creating your own legacy.

Retirement Planning Can Start with an IRA

These accounts make a good “first step” in retirement saving.

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

Sooner or later, people decide to start saving and investing for retirement. When that starting point arrives, taking that “first step” can seem like a big deal. Opening an Individual Retirement Account (IRA) amounts to an easy “first step” in retirement saving for many.

The Annual Financial Check-Up

The Annual Financial Check-Up

Don’t ignore it. Here’s why.

Here’s the scenario … you get a card in the mail, one of those little reminders that tells you it’s time for your annual financial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.

May 2015 - Common Beneficiary Mistakes

Watch Eddy's New Video On Common Beneficiary Mistakes!

5 Tips for Managing Financial Stress

Money is just one of those things that sometimes brings people as much pain as it does pleasure. As the economy in an up cycle of the recession, things are looking better but just the thought and uncertainty of an unstable economy is often enough to bring the fear back into people’s minds

Press Release: SF/BAY AREA FIRM TAKES YOU ON A TOUR OF YOUR FINANCIAL FUTURE IN A REMARKABLE WAY

FOR IMMEDIATE RELEASE: April 16, 2015                                           

San Francisco – We all talk about our future and many of us tend to wait until later in life to create a plan.  For over 33 years, Bay Area firm EH Shum Financial Solutions has specialized in working with pre-retirees and retirees to create plans designed to preserve their principal and aim to help their money lasts through retirement. Unlike other financial firms who focus heavily on stock portfolios and other traditional financial tools, EH Shum Financial Solutions’ approach is family centric using your current situation in order to move your finances forward. 

5 Tips for Managing Financial Stress

Money is just one of those things that sometimes brings people as much pain as it does pleasure. As the economy in an up cycle of the recession, things are looking better but just the thought and uncertainty of an unstable economy is often enough to bring the fear back into people’s minds

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