Executive Women International

A huge “Thank you” to Tommy Lawrence, UCL Financial Group, for his informative presentation on financial security. Inside the folder from UCL Financial Group was a flyer titled “Taking Charge: 10 Smart Tips for Your Family’s Financial Security.” All 10 items reiterate what Tommy told us – “Don’t wake up one day and realize you’re 65 and you have nothing!!!”

Here are Tommy’s Top Ten:

1. Protection First – The first step in strengthening your family’s financial future is to face some worst-case scenarios.
2. Life Insurance is a Must – Here is a simple rule of thumb: If someone will suffer financially when you die, you need life insurance.
3. Save Money Regularly – Make savings a part of your monthly budget.
4. Make Home Ownership a Priority – Owning your home can be a great way to build savings.
5. Keep Debt in Check – Nothing saps the health of a savings program more than too much debt, especially credit card debt.
6. A Simple Investment Strategy Often Works Best – Investing doesn’t have to be complicated or difficult to understand.
7. Plan for your Children’s Education – Don’t miss the opportunity to invest in a Section 529 college savings plan.
8. Understand Your Employee Benefits – Many employers provide valuable protection through group life, health, disability and dental benefit plans.
9. Make the Tax Laws Work for You – Putting money into a 401(k) or 529 plan is a very sensible way to reduce your taxes.
10. Get Help from a Professional – Find an expert to help you develop a strategy or evaluate what you already have in place.

Also, thanks goes out to Joy Holt with Memorial Park, for reminding us that is never too early to make our prearrangement plans.

I am enclosing information I received from the Kansas City Chapter. They are hosting a professional development seminar on Saturday, March 1, 2008. If anyone is interested in attending, let me know!

I hope to see everyone at the February 21st chapter meeting @ The Hilton off Ridgeway. We have a special program planned on women’s health issues and a short film presentation from Dr. Irving Fleming.