Category Archives: Health and Fitness

Wine, Women & Wealth April 2016 – Who gets Grandma’s Yellow Pie Plate?

Here in the U.S. it’s a few days away from the tax deadline. So a lot of invitees to this month’s Wine, Women & Wealth seminar might have looked at the title and wondered, “How is this one worth my time when I have to get my taxes done by Monday?”

 

Well it was worth it and it had a little tax fact that I had forgotten about. But more on that later.

The first speaker was Charlsey Baumeier from NetLaw. For more about NetLaw watch the video below.

Charlsey brought up an eye-opening fact in her presentation. All you parents who have bright-eyed 18 year-olds about to graduate & head of to college, what if they have a medical emergency? Will you be able to make medical decisions for them if they are unable to? From a legal standpoint the answer is no unless they have stated that you are their healthcare surrogate. That healthcare surrogate paperwork is included in the NetLaw package.

So what about the yellow pie plate? So many families experience additional turmoil when a loved one dies fighting over belongings because there is no will to state who gets what. A will is another one of the documents that comes with the NetLaw package.

OK back to the tax fact that I had forgotten about: the IRS still wants their money even in the year that you die. Who’s going to be left with that burden in your family? Have you decided yet? And will there be Money to handle it after your funeral expenses? If you don’t have a plan, speak to financial advisor and begin working on one. Need a financial professional? Contact Marie Edwards.

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Wine, Women & Wealth March 2016 – Not Your Mom’s 401k

March’s Wine, Women & Wealth started with a recap of the ways to save for retirement since having little or no savings was one of the Five Mistakes Women Make with Money that were discussed during February’s seminar.

Savings Instrument Tax Impact
Savings Accounts & CDs Taxable
IRAs, 401Ks & Annuities Tax Deferred
Life insurance (cash value) & Roth Ira Tax Exempt

Believe it or not this month the guest was a guy and not one of the two we usually make an exception for at Wine, Women & Wealth! Steve Albritton, CFP and Regional VP from Howard Capital Management spoke about how challenging it is to pick what to invest in inside of your 401k. Despite the challenges, he gave the following stats on how many people seek professional help.

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For less than $80 a year they offer a product called the HCM 401(k) optimizer that gives you personalized, professional recommendations on what to pick within your employer-provided 401k, 403b or 457a. If you were in attendance, you could have gotten 1 of the 2 free trial memberships he gave away. For more info, email Ms. ME.

In closing he shared the video below that demonstrates why it’s to your benefit to get professional help versus going it alone.

 

Our second guest speaker was our friend Jen from MetLife. She spoke about the importance of and the steps involved in creating a plan for retirement.

  1. Decide when in the future do you want to retire
  2. Determine the money you need for essentials, wants and wishes
  3. Create a plan from now to retirement

The last thing she discussed is how to make your savings last. She mentioned three sources of “guaranteed” income. Do you think you know what they are? Do you need help determining how to make it last?

In closing, one way to save that she stated is often overlooked is through cutting costs. Go through your monthly bills and look for ways to save at least once a year.

Next month’s Wine, Women & Wealth Topic: Your Grandma’s Yellow Platter. If you’re in Jacksonville, Florida don’t miss it. Check back for the link to reserve your seat.

Wine, Women & Wealth Jan 2016 – What Women Want

Better late than never…

That common phrase only applies to this blog post. When it comes to women, money and saving so that they can get the things they want it’s better now than later.

Every second Thursday of the month in our local office my business partners and I sponsor a seminar strictly for women to educate them on financial topics of an assorted variety. It’s known as Wine, Women & Wealth. The first one of 2016 focused on What Women Want.

At some point in their lives, 95% of women Continue reading Wine, Women & Wealth Jan 2016 – What Women Want

“How to Stop Binge Eating” by Dick Talens

I came across a couple of emails from this guy Dick Talens in an email account I rarely check (lately that’s been all of them).  He’s described on his site as “the dog whisperer for fat people”; his words not mine before any angry comments pop off. At any rate his articles are helpful and so we’re sharing one below. Be sure to visit his site for more.

How to Stop Binge Eating

by Dick Talens

I’ve struggled with binge eating for as long as I can remember.

Some people might be shocked by this, but for those of you who know me offline and have seen me scarf down not just one whole – but two or more pizzas – you already knew this.

For the most part my binge eating is completely under control; that is, I only binge eat for funsies. Let’s face it, there are few things more fun than shoveling a bevy of delicious pastries down your throat until you create the perfect environment for mandatory nap time. I take that back. It’s more fun if it’s after all-you-can-eat sushi.

Anyway, I don’t know anyone with a more powerful “inner fat kid” than myself. Here’s how I was able to squash binge eating in its tracks for both me and my clients: Continue reading “How to Stop Binge Eating” by Dick Talens

How to Divorce Your Job and Keep the House – #2

There are a multitude of different types of side hustles, side gigs, extra revenue streams or whatever you want to call it. As promised, here’s a list of eight: Continue reading How to Divorce Your Job and Keep the House – #2