In The City — 01 December 2017
New Year’s resolutions finance experts make

By Robyn A. Friedman

City & Shore Magazine

The New Year is near, and with it comes (yet) another opportunity to resolve to do better. To lose weight. To exercise more.

While those resolutions can benefit your personal life, let’s not forget about your financial one. Are you also resolving to create a budget, save a greater percentage of your paycheck or fund your retirement plan?

Well, you should.

City & Shore asked some local finance professionals for their personal New Year’s resolutions relating to finance. No matter how sophisticated you may be about finance, there’s always something to learn — and an opportunity to improve. So here’s what five local finance experts are resolving to do in 2018.

 

Mari Adam, a certified financial planner and founder of Adam Financial Associates in Boca Raton:  “I love what I do, but in 2018 I’m scheduling more ‘down’ time out of the office to recharge my batteries and enjoy life. Life is short!

“I plan to work less and give back more, by spending more time and money making the world a better place. I also plan to help more women understand money and how making smart financial choices can help them build them a better life. Oh, and get better control of my e-mail!”

 

Peter Davis, a loan officer with the Reverse Mortgage Lending Center in Boca Raton, a division of Choice Mortgage Bank: “The reverse mortgage program was designed to help seniors in retirement, but it is now harder to qualify. So I resolve to go out of my way to make sure that everyone who is interested in a reverse mortgage qualifies. I will never give up.”

 

Kent Ellert, president and chief executive officer of Florida Community Bank: “During the holiday season, identity theft is on the rise, so I resolve to thoroughly review my credit reports and ensure I’m signed up for credit monitoring.”

 

Shomari D. Hearn, a certified financial planner with Palisades Hudson Financial Group in Fort Lauderdale: “I resolve to maintain my long-term investment strategy even though I may be tempted to let my portfolio remain overweight in equities because stocks have been on such a run for over eight years.”

 

Michael Silver, a certified financial planner with Baron Silver Stevens Financial Advisors in Boca Raton: “Often, one spouse handles the finances and the other spouse may not get involved. If the spouse responsible for the finances becomes incapacitated or dies, the spouse that didn’t handle the finances is often left lost and confused about their financial situation. It’s extremely important that both spouses are involved in the family’s financial decisions and understand their overall financial picture. Every year, I beg my wife to get more involved in understanding our finances, and this year I resolve to involve her more.”

 

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