It Takes An Actual Plan To Really Succeed

I just vis­it­ed a web­site that promised to help you build wealth by empow­er­ing you to break through your emo­tion­al bar­ri­ers about mak­ing and deserv­ing wealth. Although as women, we love these feel good approach­es, the real­i­ty is with­out a real, actu­al, sol­id finan­cial plan you will nev­er achieve wealth or even finan­cial secu­ri­ty nor ever real­ly feel good about it :).

We are afraid of finan­cial plan­ning because it is dom­i­nat­ed by men who do not under­stand how women actu­al­ly learn and think. We are smart and deci­sive but we will take no action until we real­ly under­stand what and why we are doing some­thing. I call it under­stand­ing the big pic­ture first.  Men buy prod­ucts, we buy a com­plete plan.

Chicks believes there is a bet­ter way to tru­ly pro­pel your finan­cial future for­ward in a very pos­i­tive way, It takes the courage to step up and want to learn all about how finan­cial plans real­ly work. We think we can walk you through this process in a fun, easy to under­stand way and make you a finan­cial super­star in no time. Are you ready to take hold of your retire­ment and be excit­ed about your future?

 

Women Rule in Small Business

We have always known women rock as small busi­ness own­ers. The Nation­al Asso­ci­a­tion for Women Busi­ness Own­ers in 2011 pub­lished a study that said  women-owned firms account for 40% of all pri­vate­ly held firms, employ more than 13 mil­lion peo­ple, and gen­er­ate $1.9 tril­lion in sales. They do lag behind male owned busi­ness in hit­ting above the mil­lion dol­lar mark in rev­enue. Usu­al­ly this is for some sim­ple and eas­i­ly fixed issues.

You must learn to under­stand your finan­cial num­bers, work with them reg­u­lar­ly and use them to con­tin­u­ous­ly improve your bot­tom line. It also helps you get attain­able and real­is­tic goals to strive for.This is so not hard to learn to do! We at Chicks can all tell you, this isn’t hard. It just takes edu­ca­tion. Con­tin­ue read­ing Women Rule in Small Busi­ness

Why Women Under 45 Need Life Insurance

When you are younger, it’s easy to imag­ine liv­ing a long and healthy life.

How­ev­er, as you get old­er, real­i­ty sets in and you begin to real­ize that an acci­dent or ill­ness can hap­pen at any moment that could dras­ti­cal­ly change your finan­cial sit­u­a­tion.LG_women-under-45

Whether you are a mom, mar­ried or sin­gle, life insur­ance is an impor­tant part of a finan­cial plan.

Stay-at-Home Moms
Los­ing the par­ent who stays home with chil­dren can dev­as­tate a fam­i­ly, emo­tion­al­ly and finan­cial­ly. Many women under­es­ti­mate how much cov­er­age is nec­es­sary to pro­tect their fam­i­lies. Con­tin­ue read­ing Why Women Under 45 Need Life Insur­ance

Over 5o..Getting Divorced..You Need to Understand QDRO

divorce A startling statistic is over the last 20 years, divorce of baby boomers is rapidly increasing. If you are one of these statistics, this topic of QDRO is critical to understand.

What is a Qualified Domestic Relations Order? (QDRO)

Accord­ing to the Unit­ed States Depart­ment of Labor:

A “qual­i­fied domes­tic rela­tion order” (QDRO) is a domes­tic rela­tions order that cre­ates or rec­og­nizes the exis­tence of an alter­nate payee’s right to receive, or assigns to an alter­nate pay­ee the right to receive, all or a por­tion of the ben­e­fits payable with respect to a par­tic­i­pant under a retire­ment plan, and that includes cer­tain infor­ma­tion and meets cer­tain oth­er require­ments.

Con­tin­ue read­ing Over 5o..Getting Divorced..You Need to Under­stand QDRO

3 Reasons to Buy Life Insurance in Your 20’s

When you’re young, retire­ment seems so very far away. Unfor­tu­nate­ly, your gen­er­a­tion stands a good chance of not hav­ing employ­er spon­sored retire­ment plans or Social Secu­ri­ty ben­e­fits. Unless you are plan­ning for a big inher­i­tance, the soon­er you take con­trol of your finan­cial future, the bet­ter off you will be.

Why buy insur­ance so ear­ly? There are three big rea­sons. The first is it is the cheap­est it will ever be and you are the health­i­est. Even $50 to $100 a month in a whole life or UL pol­i­cy , will reap big rewards for retire­ment income. Con­tin­ue read­ing 3 Rea­sons to Buy Life Insur­ance in Your 20’s

Budgeting in 2015

women_financeDo you feel there is nev­er enough mon­ey at the end of the month? What hap­pens if there is an emer­gency? Do I have enough cash to cov­er it?  Why is it so much hard­er now than for my par­ents?

These are all valid con­cerns. I was taught that a bud­get should be set up with the 50/30/20 rule. It said 50% should be for housing/rent, insur­ance, basic bills like PSNC, Duke Ener­gy, tele­phone, cable TV etc. The 30% was for dis­pos­able month­ly expens­es like food, gas for your car, car pay­ments, cloth­ing, enter­tain­ment and misc. The 20% was for sav­ing and retire­ment. The prob­lem in 2015 is 90% or more is spent on basic liv­ing expens­es and lit­tle is left over for sav­ings or retire­ment. Con­tin­ue read­ing Bud­get­ing in 2015

Buy Term Invest the Rest May Not Be a Great Strategy

There is an inter­net myth that buy­ing term insur­ance and invest­ing the rest is a great invest­ment strat­e­gy. It’s the cheap­est form of insur­ance and does have it’s place in your port­fo­lio. As your only form of life insur­ance, it may not be the best option.

Many peo­ple have lit­tle to no expe­ri­ence invest­ing in the stock mar­ket or any where else. They buy term but often don’t actu­al­ly invest the rest. Term insur­ance is there as long as you pay pre­mi­ums. Miss a pay­ment, and it is gone. It gets lots more expen­sive the old­er you get. It nev­er builds cash val­ue. The tra­di­tion­al term insur­ance pro­vides pro­tec­tion for your fam­i­ly but lit­tle else.

Con­tin­ue read­ing Buy Term Invest the Rest May Not Be a Great Strat­e­gy

Financial Education for Your Employees

While med­ical insur­ance, den­tal, vision and sup­ple­men­tal ben­e­fits are nice, the newest most eager­ly sought after hottest trend in busi­ness’ today is Finan­cial Edu­ca­tion for their employ­ees accord­ing to Ben­e­fits Pro research, a lead­ing indus­try pub­li­ca­tion:

Accord­ing to Ben­e­fit­sPro,

While gains in the stock mar­ket and the econ­o­my have led some com­pa­nies to believe their employ­ees are also recov­er­ing finan­cial­ly, that’s not the case. Accord­ing to most research, many employ­ees are strug­gling finan­cial­ly and the stress asso­ci­at­ed with it is tak­ing its toll, as well. Employ­ees are stressed out from finan­cial con­cerns and they admit it dis­tracts them at work. Non-tra­di­tion­al vol­un­tary ben­e­fits that direct­ly or indi­rect­ly improve employ­ees’ finan­cial well­ness are the ones that more employ­ers will offer and the ones in which more employ­ees will par­tic­i­pate.”

Finan­cial edu­ca­tion is a new direc­tion for non-tra­di­tion­al vol­un­tary ben­e­fits and employ­ers will take a more active role in improv­ing finan­cial lit­er­a­cy.

These aren’t the old 401k “piz­za pre­sen­ta­tions”. CBNE has devel­oped a unique BIG pic­ture sophis­ti­cat­ed approach to employ­ee edu­ca­tion that real­ly gives your employ­ees a firm foun­da­tion to start build­ing a suc­cess­ful finan­cial future. There is no one easy answer or prod­uct, but it is a top­ic that can be taught suc­cess­ful­ly over sev­er­al lunch time sessions.You sup­ply the lunch and we will sup­ply a great edu­ca­tion­al pro­gram.

Want to stand out when recruit­ing and main­tain­ing great employ­ees? We can help. Call us today to sched­ule a meet­ing on how to imple­ment this pro­gram in your com­pa­ny.

(919) 977‑1272

How Much Money Do I Need to Save For Retirement

At 30, you may feel like you have plen­ty of time left to save for your gold­en years—after all, you’re like­ly still more than three decades away from leav­ing the work­force.

But hav­ing a long career ahead of you doesn’t nec­es­sar­i­ly mean you can neglect your nest egg. Bot­tom line: The lat­er you save, the less time you have to take advan­tage of com­pound growth.

Just check out the info­graph­ic below, which shows how sav­ing even a small amount in your 30s has the poten­tial to become a pret­ty siz­able nest egg by your 60s. Con­tin­ue read­ing How Much Mon­ey Do I Need to Save For Retire­ment

The New Rules for Buying Individual Health Insurance

womenhospitalOne of the lit­tle known new rules from the new Afford­able Health­care Act is that indi­vid­u­als buy­ing their own health insur­ance can now only buy dur­ing the open enroll­ment peri­ods. For 2014, that peri­od was Octo­ber 1, 2013 to March 31, 2014. For 2015, the next open enroll­ment peri­od will be Novem­ber 15, 2014 to Feb­ru­ary 15, 2015 for plans start­ing Jan­u­ary 1, 2015. This is true whether you buy through the mar­ket­place with sub­si­dies or buy on your own with­out sub­si­dies. Con­tin­ue read­ing The New Rules for Buy­ing Indi­vid­ual Health Insur­ance