This podcast series is about YOU claiming your financial power.
You are in charge. You control your destiny and you make financial decisions based upon what is best for you. No excuses - you can do it and by taking claim of your financial life you will have the resources to achieve your goals.
Claiming financial power is not about hoarding money. It is about understanding how money works and using it to help you live your life, on your terms.
Each episode we introduce you to some of the smartest, Money Master Women in the country. Women who have gone before us to learn how money works. We let you hear what is on their minds as they provide solutions that can help you achieve a happier life – yes by making smart and purposeful decisions with your money.
GUEST: Melissa Register, senior wealth planner, Fifth Third Private Bank
As 2016 draws to a close and we look towards 2017 many of us take time to reflect on our lives to determine what is working and what do we want to change. Many of us set new goals or reaffirm old ones. Formally sitting down and thinking about what you want to achieve in the new year can be inspiring and empowering. I actually go back to my spreadsheet where I have defined my life purpose, my values and I take the time to realign my goals with my long-term vision. This has kept me on a course towards fulfilling my dreams.
Whether inspired by a formal, sit down process or simply drawing the line in the sand and saying this year will be different, an estimated one in three Americans are said to make a New Year’s resolution related to their finances and it is important to recognize that actions you take now in December can impact your financial goals for the new year.
To support year-end planning success, Fifth Third Private Bank recently released digital guides with strategies for individuals and families to consider in preparation for tax season. Among the strategies, Fifth Third experts recommend reducing taxable income, maximizing investment opportunities and strategically planning for charitable giving. Melisa Register, senior wealth planner from Fifth Third Private Bank explains these strategies on this show.
About Melissa Register:
Melissa Register is a vice president and senior wealth planner for Fifth Third Private Bank. In this role, Melissa works with clients to develop strategies for all aspects of their financial lives, including tax, retirement, family wealth, business succession and estate planning.
Prior to joining Fifth Third, Melissa was a practicing attorney with experience in estate and trust planning, tax planning and corporate law. While in law school, Melissa received the University of Florida College of Law’s Certificate in Estates and Trusts Practice.
She holds a B.A. in French and international trade from Clemson University and a J.D. from University of Florida’s Fredric G. Levin College of Law. Melissa currently resides in Cleveland, OH.
For more information, please visit https://www.53.com/wealth-management/
Laura talks to Dr. Kathleen Rehl, a leading authority on widows and their financial issues.
Since many women tend to marry older men and women have a longer life expectancy (about five years longer) than men there is a high probability that most women could find themselves a widow at some point in their life. Whether a widow is young or old, financially secure or not, there are things that can be done so that financial mistakes are not made, the widow is not taken advantage of and preparations are in place to ensure financial security for the remainder of her lifetime - which can often be a long and rewarding period of time in itself.
Dr. Kathleen M. Rehl , CFP®, CFT™ shares insightful expertise and experience through her speaking, writing, mentoring and research. A widow herself, Kathleen is passionate about inspiring her “widowed sisters” and their advisors. She wrote the award winning book, Moving Forward on Your Own: A Financial Guidebook for Widows. Her work has been featured in The New York Times, Wall Street Journal, Kiplinger’s, and many other publications. The U.S. Army also uses her guidebook in their Survivor Outreach Services centers worldwide. After 17 years of providing personal financial advice, Kathleen now speaks, writes, mentors, and conducts research about women who have loved and lost. She owns Rehl WEALTH Collaborations LLC and is on the faculty of Sudden Money Institute. Kathleen is also the Dean of Women for the Purposeful Planning Institute.
Here’s a link to learn more about Kathleen's current research project: http://kathleenrehl.com/new-research.html . After 9/20, participants can follow the link that will be posted on that page to take the short survey.
Kathleen is a author of multi-award winning: Moving Forward on Your Own: A Financial Guidebook for Widows
We know that women live longer than men yet studies show they have less retirement savings and are less prepared for retirement.
But retirement preparedness takes a lot more than just ensuring you have enough money. This interview is a reminder that financial happiness and well-being should be viewed wholistically with other non-financial aspects in order to make the best choices to prepare for retirement. Ideally you want an understanding of both financial and non-financial concerns so that you can weigh the pros and cons of all sides. Nancy Nelson, CFP ®, sold her financial planning practice in 2012 after more than 30 years as a fee-only planner. Nancy now mentors fellow retirees, and their advisors, on how to ease the transition from meaningful work to a meaningful retirement. Her hope is that as Baby Boomers are moving into retirement that they will change the entire approach to retirement just as they have changed every other life stage that they have passed through. And with encouragement from professionals they trust, she believes there can be a tremendous release of energy and talents that will truly change the world.
Nancy C. Nelson, CFP ®
Nancy retired from her thirty-plus years as a fee-only financial planner in 2012. While she was in private practice, she always enjoyed asking her clients questions, listening, and helping them strategize alternative ways to get where they wanted to go (as well as figuring out just where that destination might be). One reason she left comprehensive planning was to help herself and others focus on the sometimes thorny issues that can pop up after reaching the long-awaited life stage of no longer needing to work for money:
• Who am I without my job title?
• How will I fill the 2000 plus hours I used to spend working and commuting in ways that leave me feeling relaxed and content, but also energized and enthusiastic?
• I have a track record of reaching my goals, I’m just not sure what goals I want to set for myself in this next phase of my life.
• Has anyone else ever felt adrift when they retire? Isn’t it supposed to be just endless bliss?
Nancy’s ideal client is excited about the opportunities that lie ahead, but also a bit apprehensive about how to fill their days in a way that balances structure and flexibility, effort and ease, meaningful pursuits and time for just good old puttering around. In her new role as a mentor, Nancy continues to help clients step away from the Madison-Avenue version of an ideal retirement life. Based on her own retirement experiences, and those of clients and friends, she has developed a unique system of worksheets, introspection, and exercises that help people decide what to leave behind, what to keep doing, and what to try on just for size. The only way you can fail is to not try.
Nancy and her husband Dan Fender are walking the walk of a unique, simple, and fulfilling BeyondEnough life. For seven months of the year they live in the log home south of Olympia Washington, where they raised their daughter Andrea. The remaining five months of the year they spend in their casita above San Rafael de Heredia, Costa Rica, where they are turning part of a former coffee farm into habitat that both native wildlife and humans can enjoy. Nancy’s hobbies and interests change over time, but currently she loves to read, plays Irish fiddle, enjoys birdwatching and amateur astronomy, has begun looking into her roots, and is exploring her artistic side by creating a mosaic on a 65 foot retaining wall (with a little help from her friends!).
As a comprehensive financial advisor, I advise people on Medicare issues however I (as many of the planners out there) have not been officially trained in this area – we need to seek information and we have just as much trouble as the public in getting good information.
That is why when I find an expert in such important areas as Medicare, I want to make certain to leverage that person to help people get the right answers and improve their chances of success.
Diane Daniels is a Medicare Advisor, who brings ten years of health care experience to her community. Ms. Daniels is the owner of Senior Advisors for Medicare & Medicaid (SAMM), which provides superior Medicare education to groups and individuals. Ms. Daniel’s belief in educating over selling has provided SAMM the ability to offer a large portfolio of Medicare products, which allows the individual to choose a Medicare plan that “fits” their lifestyle.
Ms. Daniels is a professional speaker and key person of influence, who has spoken at country clubs, retirement resort communities, professional associations, and networking group events. Ms. Daniels will be speaking at the Council of Aging conference in Orlando, this August.
Ms. Daniels appears on many radio and Pod Cast programs The Senior Voice Radio show (Tampa), The Bev Smith Radio Show (Washington D.C.) and The Financial Survival Network with Kerry Lutz, to name a few. Ms. Daniels collaborates with politicians and national associations to advocate for her clients.
Ms. Daniels passion for Medicare began as a seed when she was ten years old. With her parents divorced, Diane was raised by her grandparents. Her grandparents emphasized integrity, morals and helping other people who are less fortunate. Ms. Daniel’s grandparents literally set the foundation for her adult life.
Educating others about Medicare has allowed Ms. Daniels to pay back her grandparents in a much bigger way then just saying, “Thank you.”
Ms. Daniels is the author of “The Medicare Survival Guide,” which is available on Amazon.com, BarnesandNoble.com and AuthorHouse.com websites, in softcover or e-book editions.
Her contact info:
Toll Free - (855) 855 - 7266
(C) 813 - 731 - 1237
(F) 855 - 855 - 7266
Divorce can be devastating, both emotionally and financially.
Even in the best of circumstances where both parties are in full agreement and both want the divorce, the pressure is on since the same combined income that was used while they were married now must be stretched to pay expenses to operate two households instead of one. Historically most people never attempted to project what effect the various decisions might have on each spouse’s long term financial well-being. But this is key since the outcome will have a lasting financial impact, it’s important to address critical issues early on.
Our guest, Claudia Mott MBA, CFP, CDFA has come to help us understand our options. Claudia is not just concerned about how decisions affect you today or tomorrow but instead urges you to consider the long term consequences of decisions which you make when going through a divorce. Make sure to join us to hear how you and your family can navigate through this difficult life event with the best results possible.
Claudia E. Mott, CFP®, CDFA™ - Epona Financial Solutions, LLC
Claudia’s 13 years of experience on Wall Street combined with her expertise in financial planning and knowledge of investing allows her to bring her clients custom solutions for their unique circumstances. Her practical and casual style earned her regular appearances on CNBC, published research in the Journal of Portfolio Management and frequent quotes in the Wall Street Journal, Investors’ Business Daily and Money Magazine. She was named to Institutional Investor magazine’s All-Star team for nine consecutive years.
In addition to being a CERTIFIED FINANCIAL PLANNER® practitioner, she is licensed as a Certified Divorce Financial Analyst and has been specially trained to assist individuals thinking about divorce or working within the divorce process.
Claudia understands that financial needs and goals vary from person to person and works with each client to determine the individual needs of his or her own situation. Claudia’s goal is for her clients to understand their finances and confidently choose the options that are best for their future.
Cary shares her personal life challenges.
An MBA, CFP® NYC street smart woman forced to fight for her financial empowerment. Cary admits “it is pretty darn easy to be rich today and poor tomorrow”. Her story is honest and raw. It is a keen reminder to remain thoughtful in our behavior and decisions and to never allow emotions guide us. She shares her story because she is eager to help other women learn from her experience. Cary is determined to help women find their financial independence. She also shares solutions that will help you build wealth and banish your fear.
Cary Carbonaro aka “The Money Queen”TM is a Certified Financial Planner with an MBA in finance, and has over 25 years of experience in financial services. In 2014, she was named an Ambassador for the CFP® Board, one of only 50 in the United States. Cary’s latest book “The Money Queen’s Guide: For Women Who Want Build Wealth and Banish Fear” (Morgan James, October 2015) is an Amazon #1 Best Seller in the U.S. and several other countries. In March 2016, “The Money Queen’s Guide” was named one of the “10 Best Books to Make You Rich” byDailyWorth.
Because of her credentials, Cary is frequently sought out for her expertise and has been quoted in a variety of well-known publications, including: The Wall Street Journal, Newsday, New York Post, USA Today, The Street.com, Bloomberg, Huffington Post, Bankrate, Time Magazine, Money Magazine, More Magazine, Kiplinger’s, US News & World Report and Investor’s Business Daily. She has also served as the Orlando Sentinel’s “Money Matters Hotline” Expert. For a full of Cary’s media appearances please visit: http://moneyqueenguide.com/press/.
In addition to co-authoring the book TIPS from the TOP: Targeted Advice from America‘s Top Money Minds (Alpha, 2003), she was also a contributor to The Wealth Management Manual and Save Now or Die Trying.
She is Vice President of the Long Island chapter of Ellevate (formerly 85 Broads) a women’s professional networking organization, and President of the South Lake (Florida) Community Foundation, Women’s Giving Circle, which provides community based philanthropic support. Cary has also been a CFP® instructor at Fordham University in New York.
Cary is currently a Managing Director with United Capital and divides her time between New York and Florida where she is a yoga instructor in her free time.
Order Now, “The Money Queen’s Guide For Woman Who Want to Build Wealth and Banish Fear” #1 New Release in Wealth Management www.moneyqueenguide.com/buy
Holly Thomas, CFP ® studies the effect of emotion on individual money decisions and shows us how emotions can negatively impact the financial planning process.
She explains the six motivations that money fulfills; security, spontaneity, goals, image, sharing and rejection and why it is important to understand our motivations so that we can behave rationally to achieve financial success. Holly also discusses some of the most common errors made when emotion drives money decisions and offers some tips on how to prevent these errors.
About our guest: Holly has been a featured speaker on the psychology of money in diverse venues, from university classrooms to national conferences. Quoted in the Wall St. Journal, Investment News, Financial Advisor, Money, and More magazines, her area of interest is money conversations between clients and professionals. Her 2013 book, The Mindful Money Mentality: How to Find Balance in Your Financial Future and her free monthly e-letter, “The View from the Porch,” have received accolades and awards. Before starting a fee-only financial planning practice in 2006, Holly spent 21 years in banking. Holly holds 2 master’s degrees from the University of South Florida: an MBA in Finance and MIS; and an M.A. in Economics. She received her B.A. in Economics from Davidson College in 1986 and CFP® certification in 2004.
Her website: www.hollypthomas.com
Her book: The Mindful Money Mentality: How to Find Balance in Your Financial Future (Porchview Publishing LLC, $17.95)
Dr. Inga Chira Ph.D., CFP® offers advice to people who are “just like her”.
On this show we discuss the difficulties in selecting critical workplace benefits in academic employment and what individuals should consider. Inga also discusses financial planning for generation X and Y, the types of things that they are concerned about, such as student loans and cash flow.
Inga provides helpful tips that they could consider in managing their cash flow without having to sacrifice too much.
About our guest: Inga Chira Ph.D., CFP® is the founder of Attainable Wealth, a virtual, comprehensive financial planning and investment management firm focused on serving the academic and educator community. Inga works mostly with individuals in their 30s and 40s.
Additionally, she is an Assistant Professor of Finance and Financial Planning at California State University- Northridge. Prior to her current position, Inga held both academic and industry positions at Oregon State University, Jacksonville University, CitiStreet and ING. Inga’s research is concentrated around 2 areas: financial planning and corporate finance. Her current projects examine what motivates people to save for retirement and how financial planners can help in that quest.
Her website: http://attainablewealthfp.com/