Based in Central Florida, International Assets Advisory LLC offers investment management and investment banking services to clients across the country. Active in the financial industry, International Assets Advisory LLC is a member of the Financial Industry Regulatory Authority (FINRA).
FINRA Investor Education Foundation funded a study on the financial capability of Americans. Conducted by Applied Research and Consulting, the 2016 National Financial Capability Study revealed 40 percent of Americans felt they had too much debt, 34 percent said they probably could not raise $2,000 if an emergency necessitated it, and 41 percent were saving for college.
Following the release of the study’s results, FINRA issued an investor alert highlighting the different ways Americans can improve their financial capability. The organization urged saving Americans to embrace tax-advantaged accounts such as 401(k)s for those saving for retirement and 529 plans for those saving for college. FINRA also encouraged Americans to pay off their debt on time and in full. It specifically encouraged millennials to take extra care when using credit cards because the study found 52 percent of Americans aged 18-34 reported engaging in expensive credit card behaviors. Finally, the organization stated the best way to avoid being financially fragile is to build up rainy day savings in a federally insured savings account.
