Nick In The News

 WashingtonPost.com. December 27, 2009
Stacy Rapacon discusses what to do with extra money from her wedding, or any cash windfall.  Nicholas Yrizarry explains the difference between good and bad debt, and Stacy lists many different companies and investments appropriate for short-term savings.

TheFasterTimes.com, December 21, 2009
Sheryl Nance-Nash of The Faster Times quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, in an article on the secrets to a financially healthy marriage. Yrizarry lends that avoiding financial discussions during quality time together will reduce stress. “Keep finances confined to one room, preferably to an office or at least a desk,” recommends Yrizzary.

Kiplinger.com. December 18, 2009
Stacy Rapacon quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, on five ways to spend a financial windfall.  Yrizarry lends that it’s important to first look at the financial picture at large and then allocate assets accordingly. “What we tend to do is focus on one aspect of our finances and forget about the others,” says Yrizarry. “That’s what gets us in trouble.”

Bankrate.com, November 13, 2009
Judy Martel of Bankrate.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, on the recent upswing in spending among the ‘big spenders’. Yrizarry explains that spending by the rich is not a reflection of economic indicators, but rather a catalyst that we should celebrate as a stimulus to the economy. “Wealthy people control 80 percent of the economy. They move the buttons and switches,” says Yrizarry.

TheFasterTimes.com, November 9, 2009
Sheryl Nance-Nash of The Faster Times quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, in an article about reaching personal finance goals in 2010. Yrizarry points out the importance of counting shares rather than dollars. “Our understanding about investing and finance is generally skewed by an important fundamental misconception. You should be counting the amount of shares you own, and how many you are accumulating. The dollar value is only relevant when you are actually selling the shares and spending the money from the investment,” says Yrizarry.  

CNBC “Power Lunch”, October 16, 2009
CNBC Power Lunch discusses the pros and cons of keeping a mortgage in retirement with Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group. Yrizarry offers his perspective on the advantages of paying off a mortgage before retirement including the psychological, investment and tax benefits of not carrying a mortgage into your golden years.

Private Asset Management, October 8, 2009
Kristen Oliveri of Private Asset Management interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, on the companies’ bi-coastal expansion. Yrizarry offers his reasoning for entering the California market and his focus on recovery strategies that include a high level of monitoring and supervision of assets. “Now more than ever we have a tactical overlay that has become very valuable for high-net-worth investors,” says Yrizarry.

Consumers Digest, October issue
Rich Dzierwa of Consumers Digest quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, on the best ways to save for college. Yrizarry offers that relatives have started stepping in to contribute funds. “Quite often, with all good intentions, the grandparents will want to help out the parents,” says Yrizarry. He feels that this may do more harm than good as the fund can be viewed as an asset and disqualify the child for need-based aid.

Whats Brewing: Jumping Back Into the Market, September 2009
Dow Jones Newswires' reporters Veronica Dagher and Shelly Banjo discuss how advisers can counsel clients who want to jump back into the market. Also, they look at a pay discrepancy emerging at Morgan Stanley Smith Barney.

WJLA-TV, June 29, 2009
Natasha Barrett and Doug McKelway of NewsChannel 8 discuss the benefits of good debt with Nicholas Yrizarry. Yrizarry offers that any debt that will make you money in the future, such as student loan debt, is considered good debt. He feels that consumer debt depreciates in value and is where many get into trouble. 

MarketWatch, June 12, 2009
MarketWatch picks up an article by Veronica Dagher of The Wall Street Journal who quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on psychological biases affecting financial decisions. Yrizarry suggests investors put greater emphasis on other areas of their life—such as their families and good health, to put things in perspective and lessen anxiety. “It’s impossible to see yourself when you’re the movie,” says Yrizarry.

Mail Tribune, June 12, 2009
The Mail Tribune picks up an article by Veronica Dagher of The Wall Street Journal who quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on psychological biases affecting financial decisions. Yrizarry suggests investors put greater emphasis on other areas of their life—such as their families and good health, to put things in perspective and lessen anxiety. “It’s impossible to see yourself when you’re the movie,” says Yrizarry.

The News Tribune, June 12, 2009
The News Tribune picks up a story by David Pitt of the Associated Press who quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on couples lack of financial planning for the future. He offers that the fact that many couples lack a plan and fail to dig into financial detail is no surprise due to the current recession. “You'd think it should raise some eyebrows and they would say we'd better start thinking about this, but actually they just shelve it even further, defer the inevitable,” says Yrizarry.

MSNBC.com, June 11, 2009
MSNBC.com picks up a story by David Pitt of the Associated Press who quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on couples lack of financial planning for the future. He offers that the fact that many couples lack a plan and fail to dig into financial detail is no surprise due to the current recession. “You'd think it should raise some eyebrows and they would say we'd better start thinking about this, but actually they just shelve it even further, defer the inevitable,” says Yrizarry.

WJLA-TV - June 8, 2009 - (After clicking on the link to the left, please cick on the "Learn how to separate your emotions from your investment portfolio link under June 8, 2009 to view video)

Natasha Barrett and Doug McKelway of NewsChannel 8 discuss separating emotions from investing with Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates. He explained that the success or failure in your finances is really about your behavior, not the market. Yrizarry, who feels that a third party objective is always beneficial in investing, says “if you take an objective look at your money, quite often you don’t have as much emotion involved.”

Bankrate.com, June 8, 2009
Sheyna Steiner of Bankrate.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on college investment savings at any age. Yrizarry offers it's not necessary to kill yourself trying to save the entire cost of college. "The greatest thing that a parent can do -- and this is from a parent -- is to make your children invest themselves in the college experience and make them pay some…," says Yrizarry.

The Wall Street Journal, June 8, 2009
Veronica Dagher of The Wall Street Journal quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on psychological biases affecting financial decisions. Yrizarry suggests investors put greater emphasis on other areas of their life—such as their families and good health, to put things in perspective and lessen anxiety. “It’s impossible to see yourself when you’re the movie,” says Yrizarry.

Kiplinger’s Personal Finance, June Issue
Jane Bennett Clark of Kiplinger’s Personal Finance quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on salvaging a 529 college savings plan. Yrizarry offers that families with young kids are safe sticking with stocks. "Some families can't believe their portfolios are down 50%, but their children are 4 or 5. That horizon will work," says Yrizarry.

Advisor Today, May 2009
Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, offers his expertise in a byline written for Advisor Today Magazine. Yrizarry offers insight for investors on 529 savings plans for college financial planning. He comments that when investors are saving for their children’s college tuition, they should attempt to save half, and the children should be in charge of saving or working in college to provide the rest.

WUSA-TV, April 17, 2009
Jessica Coyle of CBS 9 discusses financial tips for recently laid-off workers with Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates. Yrizarry offers his insight on avoiding 401(k) loans, continuing healthcare payments and adjusting discretionary spending immediately. For those soon to be laid off, he suggests putting money into cash reserves as a safety net.

The Washington Post, April 4, 2009
Ylan Mui of The Washington Post quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on family lending to purchase a home. Yrizarry offers that many families fail to consider truly worst-case scenarios, such as a layoff, divorce or disability. "In the case of family matters, one must have discipline upfront . . . rather than having pain of regret later."

SavingforCollege.com, April 1, 2009
Amy Buttell of SavingforCollege.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on strategies for withdrawing from a 529 savings plan. Yrizarry offers that above all, investors must stay calm. "The way to relieve the stress associated with college funding is to realize that colleges are cognizant of the bad economy and they are, in many cases, willing to renegotiate financial aid packages if the parent isn't able to meet their obligation to pay the bill on time," says Yrizarry.
 
SmartMoney.com, Mar. 30, 2009
Will Swarts of Smartmoney.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on March’s market rally. Yrizarry comments that investors getting back into the market now are doing a fundamentally smart thing, but adds that they can’t get fixated on day-to-day market results. “It has a psychological impact on people,” says Yrizarry. “All of a sudden they want to invest their money.”

InvestmentNews, Mar. 29, 2009
Charles Paikert of InvestmentNews interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on what investors need to do after a layoff. Yrizarry offers that laid-off workers should consider rolling over their 401(k) retirement funds to their individual retirement account. "401(k)s

InvestmentNews, Mar. 29, 2009
Charles Paikert of InvestmentNews interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on what investors need to do after a layoff. Yrizarry offers that laid-off workers should consider rolling over their 401(k) retirement funds to their individual retirement account.

Acheive Solutions, Mar. 20, 2009
Tom Gray of Achieve Solutions interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on whether to buy or rent. Yrizarry offers that buyers who stay long enough to ride out real estate price volatility over the next year or two shouldn’t worry. “If you can afford the payments, you like the location, you get the tax break on interest and you will be staying at least three years, you’re better off buying,” says Yrizarry.

InvestmentNews, Mar. 15, 2009
Janet Morrissey of InvestmentNews quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on advisor skepticism even with the recent market rally. Yrizarry offers that he sees opportunity in the beaten-down stock market. “"In the middle of difficulty lies opportunity for long-term investors,” says Yrizarry.

Kiplinger.com, Mar. 2, 2009
Rachel Sheedy of Kiplinger’s Retirement Report interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on stock selling strategies. Yrizarry explains that the markets may have done much of the reallocation work for investors, but if they want to reduce stock holdings further, it's best to trim gradually.

The Washington Post, Mar. 1, 2009
Nancy Trejos of The Washington Post interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on how investors are psychologically coping with the recession. Yrizarry comments that for some time, “people were riding a false wave,” and spending too much money.

FOX Business News, Feb. 16, 2009
David Asman and Liz Claman of FOX Business News discuss emotion-less investment opportunities for investors with Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates. Yrizarry comments that there are less stressful investment opportunities in money markets and no-penalty CDs. During these days of economic turmoil, Yrizarry believes these investment strategies will allow investors to catch their breath and ease their worries.

MSNBC.com, Feb. 11, 2009
Eve Tahmincioglu of MSNBC.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on the financial and emotional strain of a layoff on a relationship. Yrizarry comments that he has seen a growing number of couples allow the worry to impact their relationships. “The extreme I see are couples who were already overextended with credit cards maxed out and big houses, and now, if one of them loses their job, there’s tension in unspeakable amounts,” says Yrizarry.

InvestmentNews, Feb. 2, 2009
Lisa Shidler of InvestmentNews quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on investors’ concerns over the current market. Yrizarry comments that letting your clients know that you won't be making panicky decisions is crucial. “As an adviser, my responsibility to my clients is to maintain a non-emotional objective distance from their money in order to help them make decisions that are non-emotional, despite the fact we're in a very emotional time,” says Yrizarry.

FOX 5, WTTG-TV, Jan. 26, 2009 
Allison Seymour of Fox 5 discusses age-weighting and the best options for 529 plans with Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates. Yrizarry comments on how age-weighting is one of the best ways to protect funds against market downturns such as the current recession. “Age-weighting will allow that portfolio to grow more conservatively as the child grows older,” says Yrizarry.

Kiplinger’s Retirement Report, January 2009
Rachel Sheedy of Kiplinger’s Retirement Report quotes Nicholas Yrizarry of Nicholas Yrizarry & Associates, on taxes and strategies for selling stocks. Yrizarry comments that if you want to reduce your stocks, it’s best to trim gradually. “If there was ever a time to sell off highly appreciated stocks, it’s now,” says Yrizarry.

December 26, 2008 - WUSA TV, Dec. 26, 2008
WUSA-TV “Mind over Money” interviews Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on buyout packages, 401(k) plans and financial planning options for consumers who fear a layoff. Yrizarry offered financial planning advice for viewers in danger as jobless claims steadily increase and layoffs continue.Nicks Appearance on CBS "Mind Over Money"

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WUSA9.com, Dec. 26, 2008
Jason Adams of WUSA-TV quotes Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on last minute tax tips for 2008. Yrizarry comments on real estate investors attempting to capture losses. "The only silver lining is to take losses and harvest them against gains in the future.
Therefore, you're kind of taking advantage of a situation that's not so good," says Yrizarry.

The Mortgage Guide, Dec. 1, 2008
The Mortgage Guide Blog picks up an article by Lisa Shidler of InvestmentNews that features NicholasYrizarry, founder of Nicholas Yrizarry & Associates, on last resort strategies for investors. Yrizarry comments that you have to stop contributions all together, not just reduce them. "You have to stop individual retirement account contributions. You have to stop 529 contributions. Stop everything altogether. This is survival mode," says Yrizarry.

Investment Advisor, December Issue
Robert Keane of Investment Advisor features Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on the emotional distress the down market is causing investors and how to keep clients invested. Yrizarry offers that clients need reassuring and that their confidence in the market
is all that matters in the end. "I think what differentiates my clients’ perspective from others is that they have a tremendous amount of faith in what we’re doing," says Yrizarry.

InvestmentNews, Nov. 30, 2008
Lisa Shidler of InvestmentNews features Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on last resort strategies for investors. Yrizarry comments that you have to stop contributions all together, not just reduce them. "You have to stop individual retirement account contributions. You have to stop 529 contributions. Stop everything altogether. This is survival mode," says Yrizarry.

The Provo Daily Herald, Nov. 18, 2008
The Provo Daily Herald picks up an article by Nancy Trejos of The Washington Post that quotes Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on 401(k) requirements and investment options for seniors. Yrizarry comments that some providers offer options to take your required minimum distribution as shares from funds rather than in cash. "It wouldn't hurt to ask," says Yrizarry.

The Washington Post, Nov. 16, 2008
Nancy Trejos of The Washington Post features Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on 401(k) requirements and investment options for seniors. Yrizarry comments that some providers offer options to take your required minimum distribution as shares from funds rather than in cash. "It wouldn't hurt to ask," says Yrizarry.