1964 Pontiac GTO
A New Hampshire-based senior financial consultant, Edward (“Ed”) Marsi is responsible for providing numerous services that help clients meet their financial goals. In his free time, Edward Marsi maintains an interest in muscle cars.
According to many, the first true muscle car was the 1964 Pontiac GTO (Gran Turismo Omologato), which was designed by Russell Gee, an engine specialist; chassis engineer Bill Collins; and John DeLorean, Pontiac’s chief engineer. These engineers took a block 389 engine from the Pontiac Bonneville/Catalina line and put it inside of a Pontiac Tempest. On top of that, they upgraded the Tempest’s wheels, tires, and suspension.
The vehicle was a hit right away, in part due to Jim Wangers’ idea to market the car based heavily on racing and performance. Pontiac sold it as an option package for the Pontiac Tempest, which normally had a 326 engine. Car owners could also have additional features installed in the GTO, including a two-speed automatic transmission and heavy-duty cooling. With all the accessories added, upgrading to the GTO cost about $4,500 more.
A seasoned New England financial professional, Edward (“Ed”) Marsi holds senior financial consultant responsibilities with TD Ameritrade. Among the areas of retirement planning that Edward Marsi has knowledge of is reverse mortgages, which are home equity loans specifically intended for homeowners age 62 or older.
Federally insured, this loan type provides funds to seniors without making them move from their primary residences. Reasons for the loans range from paying off debt to supplementing income and covering the maintenance costs associated with the home.
Those seniors able to access the loans either purchased the residence outright or have limited amounts remaining on their mortgage. The Federal Housing Administration sets the mortgage limit at no more than $636,150. At closing, the proceeds derived from the reverse loan are used in paying off the mortgage balance.
A benefit of the reverse mortgage is that no restrictions exist on how the loan money is used. A drawback is that after 12 months of the homeowners’ passing, or the home no longer being used as the primary residence, the loan becomes due. At this point, the estate has two options: repay the loan or put the home up for sale as a settlement method. This can limit the ability of one generation to pass a property to the next.
A senior financial consultant and former business development specialist for brokerage firm TD Ameritrade, Edward Marsi began his career in sales and restaurant management. Edward (Ed) Marsi entered the financial planning sector as an education counselor for TD Ameritrade Investools, eventually earning the experience and credentials to secure his current position.
The demand for qualified financial planners is expected to rise 27 percent over the next five years. Jobs in the sector are generally well paid and offer opportunities for advancement into managerial, supervisory, and executive positions.
Entry-level jobs require at least a four-year degree, most commonly in finance, accounting, or business. Many in the field also obtain certifications such as the Certified Financial Planner (CFP) or licenses regulated by the Financial Industry Regulatory Authority. Others may specialize in certain types of investments or services.
It is common for financial planners to start in junior or supportive roles while at university to gain the experience needed to sit the certification and licensing exams. Credentialed planners may work for a large firm or manage their own clientele.
For more than five years, Edward Marsi has been working in the finance industry as an advisor. A senior financial consultant at TD Ameritrade, he assists clients as they work toward financial goals. With Edward Marsi’s help, individuals become more capable of looking at their retirement and financial plans to determine whether they are realistic.
When you set financial goals, your intention is to always meet them, however some unrealistic goals are destined to end in failure no matter what you try. To make sure your goals are realistic, take some time to determine how much control you have over each one. For example, setting the goal of getting a raise isn’t only dependent on what you do, it’s also dependent on your boss. Having goals that aren’t entirely in your control are risky and may not pan out.
On top of that, you want to set financial goals that you can comfortably meet given your current financial situation. Be honest about how much money you expect to make in the upcoming year, then figure out what goals you want to set. If you want to save, choose an amount that is realistic for your income.
You won’t make the goal of saving $30,000 if you only make $35,000 that year. Depending on your income, you may need to divide large goals into several short-term goals or simply delay the end date of your goal.
Finally, think about how motivated you are to accomplish the goal you set. Don’t set goals just because you know you should. Instead, set goals that you’re motivated to meet. This makes it easier for you to continue working toward your goal over time and allows you to set a specific date by which you want to meet your goal.
Kung Fu and Karate
Based in Manchester, New Hampshire, Edward “Ed” Marsi holds responsibilities as senior financial consultant with TD Ameritrade. With a passion for muscle cars and sports, Edward Marsi also has a longstanding interest in martial arts.
One question that arises among many new to the latter discipline is the difference between Chinese traditions such as kung fu and Japanese traditions such as karate. Originating in Okinawa, or the Rukyuu islands, karate reflected the exposure that those living in Japan’s southern islands had to China and kung fu martial arts.
While karate and kung fu share a number of core techniques, the latter emphasizes complex, circular movements of the hands. By contrast, karate evolved into a streamlined version that features more linear strikes and sudden stop-and-go movements.
There are many variations between schools in both disciplines and some karate styles such as goju incorporate circular movements. In addition, there are kempo traditions that combine Okinawan karate and kung fu in a dynamic hybrid approach.
A final distinction is that those who practice karate typically attain ranks denoted by belt color. With kung fu, rankings are not traditionally part of the uniform, though some Western-influenced schools have incorporated colored sashes.