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Financial Summer |
The stats are in, according to Mass Mutual, and a
quarter (25%) of the women surveyed wished they were
more confident in making financial decisions and 37%
said they can make financial decisions with little
guidance! So where do you start? Well, of course I
think the summer is a perfect time to get your legal
and financial house in order. I remind you every
week to think about what would happen to your
children if something happened to you and your
partner? Before you click out of this email, here
are a couple of recommendations:
1. Make sure you have medical
authority from parents of any children traveling
with you this summer.
2. Make sure your Health Care
Directives are updated.
3. Of course make sure you have
Temporary guardians and Permanent guardians named
separate from your Will.
If you are looking to get started with your
finances, a good summer read, is a book that many
recommend by David Bach, Smart Women Finish Rich.
It’s for the financial beginner and not a woman with
financial savvy. But it has a well thought out
system of gaining and keeping control of your
financial self-sufficiency. Bach has filled this
book with definitions, resources, quizzes, systems,
exercises and tables. It is impressive and
most give it a must read if you’re serious about
becoming more financially organized. The
book is a fitting tribute to his grandmother who
helped him buy his first share of stock at the age
of seven. How many of us are fortunate enough to
have such a role model so early in life?
David Bach addresses both the heart and the head in
Smart Women Finish Rich. He used the lessons he
learned from his grandmother, and his mother, as
inspiration. After growing up with two such powerful
role models, he was surprised by the number of
financially uninformed women. Many of the women who
came to him for financial advice, had no clue about
building financial security.
Then of course, make an appointment and bring your
husband in so we can make sure your legal and
financial ducks are in order!!
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Mass Mutual
Research |
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Recognizing a
need for new
insights into
the changing
definition and
dynamics of
families in this
country,
Massachusetts
Mutual Life
Insurance
Company
(MassMutual) has
introduced the
"State of the
American Family"
program,
consisting of a
series of
research studies
conducted over
the months and
years ahead.
This multiyear
initiative will
bring a deeper
understanding to
the different
forms families
take, how family
members interact
on matters
financial and
otherwise, how
factors like
ethnicity and
income affect
family dynamics,
and trends that
will shape
families in the
coming decade.
The initial
research study
from this new
series,
Families,
Financial
Attitudes &
Planning,
conducted by
Forbes
Consulting group
for MassMutual,
focuses on women
and finance.
"This new
initiative is an
important step
forward in
understanding
family dynamics
to better
provide
America's adults
and children
with the
information and
guidance to make
responsible
financial
decisions," said
Kelley Gay, an
assistant vice
president,
MassMutual's
U.S. Insurance
Group.
The first study
released under
this platform,
about women,
their families
and finance,
shows the
importance and
value of this
initiative. "The
results of our
study show that
women, who
according to the
Boston
Consulting Group
now control $12
trillion in
global consumer
spending,
recognize the
need to get
their finances
in good order --
whether
professionals,
executives, mom-preneurs,
household CEOs
or caregivers,"
said Gay. "A
clear path to
the future is
often paved with
sound financial
guidance and
action-planning,"
she continued.
The study shows
that one quarter
of the women
surveyed said
they wished they
were more in
control of their
finances, and 34
percent wished
they were more
confident in
making financial
decisions.
Thirty-four
percent of the
women surveyed
were overwhelmed
by all the
information
available
regarding
investments and
finances, and
only 37 percent
said they can
make financial
decisions with a
little guidance.
SStay tuned for
more information
and if you need
further
information from
Mass Mutual I
have a contact
for you.
Cheers!
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Are you on the
Board of a local
school, or
involved with a
PTA who would
find it
educational for
parents to have
information
presented to
your parents on
naming guardians
for their minor
children?
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If so,
call our office
at
888-735-7686.
R. DeDe Soto
will teach
parents how to
ensure that
their kids are
totally
protected - no
matter what. Act
now, learn the 6
Common Mistakes
Most Parents
Make And How To
Avoid Them. |
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FREE Kids Protection Planning Guide where you will learn:
The simple steps you can take to ensure the safety and care of your children;
A 3-step process for choosing the right person to raise your kids and
The 6 common mistakes parents make when choosing guardians, and more!
»
GET THE GUIDE
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One of the best books I've ever read on family estate planning is
Wear Clean Underwear
A Fast, Fun, Friendly, and Essential Guide for Busy Parents by national legal
expert and TV personality, Alexis Martin Neely.
» Simply click
HERE to receive all chapters of the eBook.
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