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April Is National Financial Literacy Month

2 min read

Carroll Golden Sheds Light on the Hidden Struggles of Caregiving

By NAIFA on 4/22/24 11:00 AM

Carroll Golden, Executive Director of NAIFA's Centers of Excellence and the Limited & Extended Care Planning Center (LECP), was recently interviewed by Bill Hortz to shed light on the often-overlooked realm of informal caregiving. With millions of Americans engaged in the care of loved ones, Golden reveals the economic and emotional challenges that persist in what she refers to as the "shadow" caregiving economy.

Golden, a best-selling author who recently released How Not to Pull Your Life Apart: Caregiving, highlights the staggering figures reported by AARP in their 2021 report, "Valuing the Invaluable," which estimates the economic value of informal caregiving at around $600 billion annually, contributed by some 38 million family caregivers. Despite such significant contributions, the financial and emotional tolls on caregivers are largely unrecognized in traditional financial planning. Golden stresses the urgent need for tools and resources to aid financial professionals in supporting caregivers to manage both the immediate and long-term challenges of caregiving.

Topics: Limited & Extended Care Planning Center
1 min read

Income Protection - The Cornerstone to Financial Planning Webinar

By NAIFA on 4/19/24 10:00 AM

Ensuring income protection is critical for your clients, particularly during their income-earning years. We invite you to join our upcoming webinar on Wednesday, May 8, 2024, from 12:00 pm to 1:00 pm Eastern. Sponsored by Ash Brokerage, this webinar is designed to arm financial professionals with the tools and techniques needed to effectively manage discussions around disability income plans and life insurance.

Topics: Disability Income Insurance
2 min read

NAIFA Trustee Kagawa Honored for Public Service

By NAIFA on 4/18/24 11:11 AM

Congratulations to NAIFA Trustee Stephen Kagawa, LUTCF, FSS, on being named the 71st recipient of NAIFA-Los Angeles’s Will G. Farrell Public Service Award. The CEO and Chairman of the Board of The Pacific Bridge Companies has been a loyal NAIFA member since 1986.

Topics: Member Spotlight
1 min read

Celebrating Barbara Pietrangelo: Financial Planner of the Year Winner and Financial Literacy Advocate

By NAIFA on 4/18/24 9:46 AM

NAIFA Trustee Barbara A. Pietrangelo, an accomplished Financial Planner and a loyal member of NAIFA since 1992, stands out as a beacon of expertise and commitment. Her career began in 1991 at the Prudential Insurance Company of America, where she has since ascended to become the Wealth Solutions Report Financial Planner of the Year as One of the Top Women Industry Leaders for 2024. 

Topics: Financial Literacy
33 min read

A Hero of Zero: Modern Retirement Strategies

By NAIFA on 4/18/24 8:34 AM

David McKnight is a renowned financial advisor and expert in zero-tax retirement planning, having assisted thousands of Americans in achieving the zero percent tax bracket. He has frequently appeared in numerous national publications, including Forbes, USA Today, the New York Times, Fox Business, CBS Radio, and Bloomberg Radio. With four #1 Amazon best-selling books to his credit, including The Power of Zero, Look Before You LIRP, The Volatility Shield, and Tax-Free Income for Life, David has established himself as a leading authority in retirement planning. In his acclaimed book, The Power of Zero, he presents a comprehensive guide on how to achieve a 0% tax bracket in retirement through a carefully crafted, step-by-step approach.

Topics: Podcast
1 min read

Maximizing Wealth with Estate Planning: A Free Webinar

By NAIFA on 4/12/24 12:46 PM

Understanding the intersection between financial assets and estate planning is extremely important for maximizing wealth and enhancing asset protection. Join us on Wednesday, May 1, 2024, from 12:00 pm to 1:00 pm Eastern for an in-depth webinar that focuses on aligning your clients' financial assets with their estate planning goals. This session is ideal for professionals looking to deepen their understanding of estate planning essentials like revocable trusts, wills, and powers of attorney, and how to effectively coordinate these with various financial assets, including investments, real estate, and retirement accounts.

Topics: Webinar
3 min read

NAIFA’s Revised LUTCF Program Gives Early-Career Insurance Professionals Tools for Success

By NAIFA on 4/9/24 11:50 AM

NAIFA has redesigned and relaunched the Life Underwriting Training Council Fellow (LUTCF®) program, a three-course training series for one of the most sought-after designations in the insurance industry. Since 1984, NAIFA’s LUTCF has prepared more than 70,000 insurance and financial professionals to excel in the industry and is often the first designation successful agents and advisors earn.

Topics: Certifications & Designations Press Release LUTCF
2 min read

Foundation for Financial Service Professionals Announces Journal Author Award Winners

By NAIFA on 4/8/24 3:40 PM

The Foundation for Financial Service Professionals has announced the recipients of the Kenneth Black Jr. Journal Author Awards for articles published in the Journal of Financial Service Professionals in 2023. Since 1988, the Foundation has recognized the top three articles published in a specific volume (six issues within the same calendar year) with these annual awards. 

Topics: #NAIFAProud Press Release FSP
1 min read

Financial Professionals Play Crucial Role Promoting, Advancing Financial Literacy

By NAIFA on 4/4/24 5:03 PM

In celebration of Financial Literacy Month, Life Happens has created a social media toolkit of posts and graphics available to all members who utilize their social media platforms to raise awareness of the importance of financial literacy. The images are co-branded with both the NAIFA and Life Happens logos.

Topics: #NAIFAProud Life Happens Financial Wellness Financial Literacy
2 min read

Mike Paffhausen's Journey From Civil Engineer to Financial Leader

By NAIFA on 4/4/24 11:11 AM

Mike Paffhausen’s journey from a civil engineering graduate to the owner of the Mike Paffhausen State Farm Agency in Butte, Montana, is a tale of finding one's true calling beyond the confines of traditional career paths. His transition into the insurance sector was largely influenced by his desire to help others navigate their financial lives, a passion ignited by a book on financial literacy he received upon graduating from Carroll College. This newfound purpose led him to leave a budding career in engineering to join the family legacy at State Farm, driven by the dream of making a tangible difference in people’s lives through financial services. Eventually, this led him to take over a State Farm agency, where he utilizes his engineering skills in systematic planning and problem-solving to assist his clients through their toughest days. His dedication and impact in the field were recognized when he became a 2023 Advisor Today 4 under 40 award winner which highlighted his contributions to the industry and his community. 

Beyond the professional success Paffhausen's commitment to financial literacy didn't stop with his clients. Paffhausen is actively involved with NAIFA and as the 2022 state president of NAIFA-Montana saw him spearheading a campaign to mandate a financial literacy course for high school students in Montana. This initiative, borne from his own realization of the lack of financial education in schools, showcases his commitment to empowering the next generation with essential financial skills. Through NAIFA, Paffhausen has been instrumental in turning this vision into law, ensuring that future high school graduates in Montana are equipped with the knowledge to make informed financial decisions.

Paffhausen's story is not just about a career shift but a profound journey towards making a difference in the community through financial education and literacy. His efforts highlight the importance of personal finance knowledge and the significant role professionals in our industry can play in advocating for educational reform. Read the full story of Mike Paffhausen’s journey and his impact on financial literacy education, on Insurance News Net.

Topics: Advocacy





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