Money Talks; do you listen?

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20 Under 40: JenniferDessoye

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Dr. Jennifer Dessoye is assistant professor of occupational therapy at Misericordia University and owner of Bright Beginnings Early Learning Academy (BBELA). Discontent with the early education curriculum and understanding of human development and neurolo (read more)

20 Under 40: Amy Hlavaty Belcher

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Amy Hlavaty Belcher, 39, owner and artistic director of Abrabesque Academy of Dancing, believes that for those who have been given much, much is expected. “I just try hard to do my best,” she said. I have been blessed with many opportunities and many gift (read more)

20 Under 40: Christopher Hetro

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Chris Hetro, 33, works hard and plays hard. “A strong work ethic is important, but finding balance outside of work is important because life is too short and you need to enjoy it,” he explained. As an electrical engineer and project manager at Borton-Laws (read more)

20 Under 40: C. David Pedri

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For attorney C. David Pedri, 37, it’s all about a combination of qualities that contribute to success. “My philosophy is simple: be open and honest, treat people the way you would want to be treated, with respect, and work hard to attain your dreams. The (read more)

20 Under 40: Ed Frable

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Ed Frable, 28, believes “if I work hard and stick to my word, good things will happen. My crew will not be deterred. We will re-evaluate our game plan and not give up until the job is complete,” explained Frable, the owner/operator of Ed Frable Constructi (read more)

20 Under 40: William H. Bender II

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William H. Bender II, CFP, CIMA, CRPC, loves what he does. “I’m lucky. I come to work every day excited to help the people and institutions we work with,” explained Bender, 34, first vice president at Bender Wealth Management Group, Merrill Lynch. The fam (read more)

20 Under 40: Angelo Venditti

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Angelo Venditti, 38, heard a call to the helping professions early on. Geisinger Northeast’s chief nursing officer answer was to volunteer for his local fire company. After high school, he became a paramedic, then enrolled in nursing school. Three years a (read more)

20 Under 40: Donald Mammano

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At 20, Donald Mammano began his own company, while attending the University of Scranton. Mammano, now 33, and president of DFM Properties, recalls, as a youngster, holding a flashlight while his father fixed the kitchen sink. “From that point on I was fas (read more)

20 Under 40: William J. Fennie III

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William J. Fennie III, 27, is always knocking on the proverbial door, because he knows one day, one will open. As an investment specialist with Integrated Capital Management (iCM) he cannot take “no” for an answer. “I make cold calls every day to invite f (read more)

20 Under 40: Marcus Magyar

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As an advisor at CAPTRUST Financial Advisors, Marcus N. Magyar, CFP, 30, provides comprehensive wealth management and investment portfolio services to business owners, executives, families and high-net worth individuals. His multi-disciplinary team of pro (read more)

20 Under 40: Heather Davis

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Heather M. Davis, 33, director of marketing and communication, is responsible for creating, overseeing and implementing a strategic marketing and comprehensive communications plan for The Commonwealth Medical College (TCMC). She is also responsible for pr (read more)

20 Under 40: Alexandria Duffney

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Alexandria Duffney, 30, is competitive by nature and loves a good challenge. These qualities have led her to her position as associate director of graduate admission at Wilkes University. Here she works with prospective students interested in enrolling in (read more)

20 Under 40: John Culkin

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John Culkin’s tenets inform: “Less haste equal more speed; the same boiling water that softens the potato hardens the egg, it is all about what you are made of, not the circumstances surrounding you; and don’t ask someone to walk a mile in your shoes, bef (read more)

20 Under 40: Conor O'Brien

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“What could be worse than getting to the end of your life and realizing you hadn’t lived it,” mused Conor O’Brien.” As co-founder and executive director of the Scranton Fringe Festival, O’Brien, 25, is responsible for leading the development of the overal (read more)

20 Under 40: Jessica Siegfried

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Jessica Siegfried, 38, is senior designer with BlackOut Design Inc., where she is responsible for all creative design at the full-service agency, from traditional branding and print to collateral and front end web design. “I’ve always had an interest in t (read more)

20 Under 40: David Johns

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David Johns’ career path has been shaped by his diverse experiences. As director of structural engineering at Greenman-Pedersen Inc., Moosic, Johns, 39, ensures that his engineering and consultant teams provide clients with their best effort. “We complete (read more)

20 Under 40: Robyn Jones

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Robyn Jones, 38, president of ReferLocal LLC, has learned just as many lessons from her business successes as she’s had from her failures — and she believes it’s important to share that knowledge with her employees. After graduating from American Universi (read more)

20 Under 40: Nisha Arora

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Nisha Arora, 36, tries to be the best version of herself every day. As general counsel for ERA One Source Realty Inc., she realized she cannot control other’s behavior so “I try to focus on myself and how I can be better,” she explained. Arora’s responsib (read more)

20 Under 40: Justin Sandy

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Starting at a young age in Hazleton, Justin C. Sandy, 33, found a passion for running. He became a member then a coach for Misericordia University’s cross country and track and field programs. “It was at Misericordia that I also garnered the profound sati (read more)

20 Under 40: Dr. Ariane Conaboy

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As a doctor of internal medicine at Physicians Health Alliance, Dr. Ariane M. Conaboy, 34, realizes the importance of human life and how fragile it can be at times. Conaboy graduated from Scranton Prep and the University of Scranton with a double major in (read more)

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By Keith Kleinman

Have a heart-to-heart with your finances.

Sound silly? After all, your financial information can’t talk to you. Or can it?

Every account statement you receive is telling you something about the state of your finances. Depending on how your investments perform, you’ll see an increase or a decrease in your investment account balances. If you’ve spent more of your savings than you intended, your savings account statement will show it.

Day to day, you may not be listening to every little thing your finances are saying. So, at least once a year, you and your financial information should sit down for a gabfest. Fall is the perfect time because summer’s over, the kids are back to school, and the holiday bustle hasn’t started yet.

If you’re ready to talk, these suggestions can break the ice.

START THE CHAT

Before you can assess your investing strategy and determine whether it’s moving you closer to your goals, you’ll want to review current information about your finances. Gather your most recent bank, investment and retirement account statements, pay stubs and a copy of last year’s income-tax return. Compiling a list of all your assets and liabilities — including loans, savings, investments, and other debts — will be helpful in your review.

TALK THE TALK

Before you begin, think seriously about your ability to handle investment risk. Your tolerance for risk is an important consideration when you’re reviewing your investment choices. If your investment time frame or goals have changed, your risk tolerance may have changed as well. Exposing your portfolio to too much risk may place your retirement savings in jeopardy, while holding too many “safe” investments may prevent you from reaching your goals.

PERSONALITY PLUS

Conservative, moderate, or aggressive: knowing the type of investor you are and the goals you’ve set for yourself can help you design an investment plan — or determine if the one you’ve previously created is on track. If you already have a plan but your investments aren’t performing in line with comparable benchmark indexes, you may want to consider alternatives.

CHANGES IN YOUR LIFE?

Changes in your personal circumstances — such as marriage, divorce, the birth of a child, job loss, the death of a spouse, or even retirement — may have an impact on your finances and your financial goals. You may need to make changes to your strategy to accommodate new goals, such as funding a child’s college education, or to make up for a loss of income. Life events may also alter your life insurance needs, so conduct a policy review if your personal circumstances have changed.

ON THE SAME PAGE — OR NOT?

If you’re married, you and your spouse may not have the same goals and expectations or agree on every financial issue. But talking about your differences can help you understand each other’s viewpoint and make it easier to compromise. If a compromise isn’t possible, consider keeping separate bank and investment accounts, in addition to a joint account, that reflect your individual risk tolerance and investing strategy.

THE HEALTH FACTOR

What does your health have to do with a financial review? A lot, actually. If you or your spouse were to become ill or disabled and unable to work, or if one of you would needed special care, where would the money come from to pay your expenses? Part of your financial review should include putting a plan in place to protect you from loss of income as a result of disability or illness. Beyond what your employer may provide, you may want to consider purchasing a long-term disability insurance policy and long-term care insurance or increasing any coverage you already have.

Having an annual heart-to-heart with your finances can keep you on track for reaching all your goals.

Keith Kleinman is a representative of Janney Montgomery Scott LLC, 270 Pierce St., Kingston. He can be contacted at 570-283-8140.

Janney Montgomery Scott LLC Financial Advisors are available to discuss the suitability and risks involved with various products and strategies presented. We will be happy to provide a prospectus, when available, and other information upon request. Please note that the information provided includes reference to concepts that have legal, accounting and tax implications. It is not to be construed as legal, accounting or tax advice, and is provided as general information to you to assist in understanding the issues discussed. Neither Janney Montgomery Scott LLC nor its Financial Advisors (in their capacity as Financial Advisors) give tax, legal, or accounting advice. We would urge you to consult with your own attorney and/or accountant regarding the application of the information contained in this letter to the facts and circumstances of your particular situation. Janney Montgomery Scott LLC, is a full-service investment firm that is a member of the NYSE, the FINRA and SIPC.

Source: DST Systems, Inc.

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