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?
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
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.
Whether you are a mom, married or single, life insurance is an important part of a financial plan.
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
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
The following is a great article with everything you need to know about 1095 forms and filing taxes in 2015…
Delay Of New Health Law Forms May Confuse Some Taxpayers
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
Do 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
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
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.
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
One 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