Balaji Rao MBA CPFA-Director/Wealth Advisor

09/01/2026

08/25/2026

New research from The Aspen Institute looks at what it calls “essential wealth”: a benchmark for financial resilience and major life milestones.

The benchmark includes having six weeks of take-home pay in savings, along with enough net worth to support goals such as homeownership and retirement security.

According to the report, about 34.5 million U.S. households fall short of that threshold.

The estimated net worth needed varies by age group:
18-29: $40,000
30-39: $120,000
40-49: $265,000
50-64: $530,000
65+: $775,000 for a couple with no mortgage

These figures are broad estimates and can vary based on income, location, household needs, and housing costs.

The broader takeaway is that income alone does not always show whether a household feels financially secure. Savings, assets, debt, housing, and long-term goals all help shape the bigger picture.

For details, contact me at [email protected] or book an appointment at


Source: https://www.cbsnews.com/news/essential-wealth-needed-thrive-by-age/

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08/21/2026

Dancing with Doctors at Gujarati/Indian Physicians conference in Orlando…of course I also manage their wealth

For details, contact me at [email protected] or book an appointment at https://oncehub.com/BalajiRao

08/20/2026

Life insurance is often framed as something you only think about "just in case."

But for many people, it can be part of a broader financial foundation—supporting both current flexibility and future considerations.

From how coverage works to what employer benefits actually provide, understanding the basics can make it easier to decide what fits your situation.

Several factors affect the cost and availability of life insurance. And any guarantees associated with a policy depend on the issuing insurance company's ability to continue making claim payments.

For details, contact me at [email protected] or book an appointment at https://oncehub.com/BalajiRao

08/18/2026

Some federal student loan borrowers may soon qualify for a larger interest rate discount by enrolling in automatic payments.

The U.S. Department of Education announced that eligible borrowers who sign up for autopay can receive a 1-percentage-point reduction in their interest rate. The temporary discount is expected to last through June 30, 2028.

Borrowers already enrolled in autopay are expected to receive the discount automatically. Others must enroll by Sept. 30, 2026, to qualify.

Not every loan is eligible. The discount applies to certain federal Direct Loans, including Direct Subsidized, Direct Unsubsidized, Direct PLUS, and Direct Consolidation Loans. Private student loans and FFEL loans are not included.

Borrowers must also have loans in good standing, and the loans generally must have been disbursed on or after July 1, 2012.

For borrowers managing student loan payments, even a temporary rate discount may be worth reviewing as part of their broader monthly cash flow.


Source:

To qualify for the U.S. Department of Education's new interest rate discount on student loans, borrowers must meet several requirements. Here's what to know.

08/13/2026

Despite a powerful Q2, individuals are hesitant.

08/11/2026

Attending LPL Financial FOCUS conference in San Diego with my staff to learn latest trends in Wealth Management, and LPL Technology platform to serve our clients better to keep in line with our motto “ Always getting better”

08/10/2026

WHAT IF YOU COULD?

Receive a sound Financial Advise to streamline your financial life

08/04/2026

What is it about August?