As a Certified Financial Planner designee, I spend the majority of my time meeting with people to learn about their current financial situations and how they got there. I constantly hear women tell me stories of why they are not good with money! To break down this false belief, I’ve outlined a few of the common money stories that women have shared with me over the past 10 years. My hope is that if any resonate with you and are no longer serving you, you will take the time to reflect on how that belief is impacting your financial future.
The Bipartisan Budget Act of 2018 expands access to 401(k) and other retirement plan savings for those impacted by the California wildfires that occurred late last year in federally-declared disaster areas including Santa Barbara and Ventura counties, and by flooding, mudflows and debris flows directly related to the wildfires.
These days, life can be unpredictable and busy. Most everyone is caught up in day-to-day activities. The young family is struggling to balance school and sports along with professional and household demands. The retired couple is busy with volunteer activities, travel, personal interests and family support. The calendar is full.
Dannell Stuart, a Client Advisor and a Partner with Mission Wealth, tells of her lifelong love of travel, her interest in a certain Irish rock band and the satisfaction she feels being in the position to help others in her career.
Let’s face it, we all would like to build more wealth. What are the best ways to do this? Aside from winning the lottery, receiving an inheritance from a long lost relative or investing in the next hot start-up, most people need to do it the old fashioned way—by living within their means and socking money away into savings.
Last month, Mission Wealth was honored to sponsor Hospice and Palliative Care Specialist Dr. BJ Miller through UCSB Arts & Lectures. A video of his January 11, 2018 conversation with Pico Iyer at UCSB’s Campbell Hall is available below.
Insurance can be one of the most powerful tools you have as part of your portfolio. For a relatively small amount of money, the benefits are generally leveraged to many multiples greater and the payoff occurs at a time when it is needed most, such as an emergency, a disaster, an accident or a death. When implemented properly, investing in an insurance plan is designed to provide benefits that may otherwise be difficult to achieve.
Relative to 30 years ago, young adults are taking longer to complete school and begin careers. Many parents have children who are in college, or out of college and not yet independent as a result of the changing labor market. However, there are steps the parents can take to get the child “launched” quicker and ease their transition.
Mission Wealth is a proud corporate sponsor of the Women’s Fund again this year. Our Director of Marketing Michelle Wisniewski (a new member of 2018), and Lead Advisor and Partner Dannell Stuart (a member since 2010), both attended the member kickoff event and stopped for a photo with Chairs Shelley Hurst and Sandy Schoolfield at Garden Court in Santa Barbara.
We’ve prepared an economic update for the first quarter of 2018 that focuses on a few key themes – an update on the U.S. and global economic expansion; a review of global equity valuations, fundamentals, and where opportunities may be found; and monetary policy and its implications on interest rates and the bond market. Finally, we summarize Mission Wealth’s actions given the current macroeconomic backdrop.