Though the world of social media is constantly evolving, one thing hasn't changed: Every single touchpoint matters — and credibility is everything. President and Founder Kimberly Foss shares six tips to help advisors build a successful presence in the social space.
Most financial fibs are innocent, right? Not so fast. Kimberly Foss, president and founder of Empyrion Wealth Management, stresses the importance of coming clean about financial infidelities — before it's too late.
How diversified am I? Kimberly Foss, president and founder Empyrion Wealth Management in Roseville, California, says diversification across equity, fixed income and other investments can help investors ride out market volatility.
Staying disciplined during the challenging times builds the foundation for greater wealth during the easier times. We spend most of our time encouraging our clients to adopt this attitude. And during days like the ones we've seen recently, it pays off.
In a recent survey of more than 2,000 U.S. adults, just 31% said $1 million is not enough to live off of in retirement. But it’s that small group who’s probably right, experts say. Indeed, Kimberly Foss, President and Founder of Empyrion Wealth Management, says that for most Americans $1 million won’t be enough: When you factor in inflation, Americans’ average age and salary and assume people will retire at 65, she says that $2 million is a better number for many of us to aim for.
Kimberly Foss, President and Founder of Empyrion Wealth Management, shares why investors should not be basing their long-term investments on shifting political winds, like President Trump's trade spat with China. "Timing the market is really a loser's game," she says, especially since the market has already priced in the outlook on tariffs and trade.
How can you financially safeguard your spouse in the event of your death? Kimberly Foss discusses key estate planning tips individuals should consider in order to ease the burden on their loved ones.
“Having a million dollars in the bank may seem like plenty of cushion, but when treatment for a single catastrophic illness or an extended nursing home stay can absorb funds in chunks of $250,000, that nest egg looks a little less secure,” says Kimberly Foss.
Kimberly Foss, the president and founder of Empyrion Wealth Management and author of Wealthy by Design, notes that while prioritizing debt over discretionary spending should be your priority, “in real life, sometimes we need the emotional lift of a little ‘retail therapy.’” If that’s the case, “use this selectively and ideally as a reward for reaching a debt-reduction or savings goal.