02Jan 2019 by Women's Money No Comments

Take Care of Your Loved Ones by Updating Your Beneficiary Forms

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The saddest phone call an advisor will ever receive is that a client passed away. This happened to me recently. One of my dear clients, a former school teacher, passed away a month ago at the tender young age of fifty-nine.Her children will inherit her retirement accounts. But if something unforeseen happened to you, who would get yours? Would your assets go to those you choose? If you’re not certain who your retirement account would go to, it would be a good thing to double check. Updating your beneficiary forms is one of those ‘important but not urgent’ personal finance To Do’s. Which means it can get put off until it’s too late. When was the last time you spoke to your advisor about updating your beneficiary forms?Life happens and…
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02Jan 2019 by Women's Money No Comments

Four “Be’s” to be Financially Sound

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After drowning in, then repaying, $77,000 in debt, I guess you could say I’ve learned a thing or two about personal finance.I learned a lot of the ‘textbook info’, like the very real and brutal impact of cash advances.I studied, then mastered the art of budgeting.I learned the horrible consequences of credit card debt.And, I learned how to reduce my expenses and earn more money.But, perhaps more surprising to me was learning, as Angela Duckworth identifies, just how gritty I could be. The most simplistic definition of grit (in my own words) involves the number of times you’ll fall on your face, get up, and try something again.  And, let me tell you... I fell on my face.After falling deeply into this massive financial rock bottom, riddled with an incredible…
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