Widow, Wisdom & Wealth™: Thriving in Career and Parenthood After Loss

With only a few days left in 2021, we are continuing our countdown of 22 money resolutions for 2022. Have you checked your credit lately? This is easy and free. Doing so can show you exactly where your debt stands. Check your fees in the new year. This can relate to your investments or your subscription services. Or share your knowledge with loved ones. If you have an advisor, you really love or if you listened to a helpful podcast, make sure to spread the knowledge. We will also discuss donations, taxes, Roth conversions, and more. We hope some of these inspire you in 2022!

Get additional financial information: https://sephtonfinancial.com/2021/12/ep-8-22-money-resolutions-for-2022-part-2/

What we discuss today:

1:30 – Hope you had a good holiday!

2:06 – Check your credit

3:41 – Check your fees

5:49 – Share the knowledge

8:01 – Look for more donation opportunities

9:08 – Review your tax bracket

10:18 – Think of a Roth conversion

12:34 – Update your paycheck withholdings

13:12 – Rebalance your portfolio

14:03 – Plan your retirement transition

15:58 – Consolidate your accounts

17:48 – Listen to more episodes!

As 2021 winds down we want to discuss some money resolutions you can make in 2022 to have a more prosperous financial year. Most of them will be pretty easy, while some may require you to meet up with your financial advisor. On today's podcast, we'll go over the first 11 of 22 resolutions. We'll discuss reducing debt, checking your designated beneficiaries, whether you should refinance, and more. This is the time of year to start getting your financial junk drawer in order for a more organized new year.

Get additional financial information: https://sephtonfinancial.com/2021/12/22-money-resolutions-for-2022-part-1/

What we discuss today:

1:40 – 2021 is coming to an end

2:25 – Reduce your debt

3:46 – Maxing your contributions

5:19 – Prepare for the unexpected

6:27 – Don't overreact to headlines

7:52 – Implement a spending plan

9:31 – Meet with a financial advisor

11:08 – Check your beneficiaries

12:51 – Have tough conversations

14:48 – Audit your insurance

16:09 – Think about refinancing

17:57 – Organize your finances

Do you feel like you are behind when it comes to saving for retirement? The first step you should take is meeting with an advisor and really seeing where you are in your plan, it might surprise you. On today's episode, we will be discussing 5 opportunities for retirement's late bloomers.

Get additional financial information: https://sephtonfinancial.com/2021/12/5-opportunities-for-retirements-late-bloomers/

What we discuss today:

1:14 – Welcome to December!

2:22 – Catch-up contributions

5:38 – Kids coming off the payroll

7:12 – Disappearing debt

10:01 – Downsizing

13:59 – Twilight career

We've all done it before, but when it comes to our finances, we don't want to cut corners. This can leave us blindsided once we are in retirement. If you feel behind on your retirement savings, you may be tempted to take on more risk which can be a way people cut corners and end up losing money.

Are your legal documents established and up to date? Do you have a plan for long-term care? Your finances need to be organized and we can't cut corners on the important details. Join us today as Donna goes over 5 areas where people tend to cut corners and how we can avoid doing so in the future.

Get additional financial information: https://sephtonfinancial.com/2021/11/ep-5-quit-cutting-corners-in-your-finances/

What we discuss today:

1:08 – Getting ready for Thanksgiving

2:22 – Taking on too much risk

7:25 – Legal documents

9:41 – Being organized

11:41 – Ignoring details or investments

12:55 – Long term care

401(k)s, IRAs, and Roth accounts are all ways to traditionally fund your retirement. But what are some other buckets of income that may help your plan? On today's episode, we are going to talk about 5 unexpected sources of income and how they can help your financial plan.

We will discuss, annuities and stocks, Health Savings Accounts, rentals, reverse mortgages, and part-time jobs. Having extra streams of income can be beneficial for healthcare costs, travel, and more. Maybe it is also an opportunity to have some extra spending money. We hope some of these inspire you to think outside of the box!

Get additional financial information: https://sephtonfinancial.com/2021/11/5-unexpected-sources-of-income/

What we discuss today:

1:36 – We are into November

4:48 – Annuities and stocks

7:10 – Health Savings Account

10:15 – Rentals

13:33 – Reverse mortgage

18:07 – Part-time job

You may feel financially comfortable with your retirement plan, but have you started planning out what you will actually do during retirement? With retirement comes a lot of free time. Planning out how you are going to live and what you are going to do is important.

Maybe you want to visit the grandkids more often, golf more, or get on the road to travel. On today's episode, we are exploring what living the dream in retirement means and how that impacts your finances. It's essential that you discuss your bigger plans and goals with your advisor. This way you'll have the tools to truly enjoy your retirement, the way you want to.

Get additional financial information: https://sephtonfinancial.com/2021/10/living-the-dream/

What we discuss today:

1:29 – Almost Halloween!

3:26 – The non-financial plan

5:37 – The small things

10:02 – Developing your goals

12:47 – A spending plan

If you have ever traveled on a subway you may have noticed the warning sign "Mind the Gap" telling you to watch your step as you exit the platform. In a similar way, we need to be mindful of the gaps in our retirement and financial plans.

On today's episode, Donna is covering 5 financial gaps we need to be vigilant about. Perhaps you want to retire before 65 and need a plan for healthcare until you are eligible for Medicare. Or maybe, you haven't accounted for inflation in your financial plan. Planning for these types of gaps can keep your overall retirement plan much more stable.

Get additional financial information: https://sephtonfinancial.com/2021/10/mind-the-financial-gap/

What we discuss today:

1:19 – Catching up with Donna

3:00 – What is minding the gap?

4:00 – The paycheck gap

6:22 – Social Security and Medicare gap

11:43 – Inflation gap

13:33 – Long term care gap

18:28 – The widow or widower's gap

We are excited to introduce Widow, Wisdom, and Wealth with Donna Kendrick CFP®, CDFA®. When Donna became a widow herself, her financial advisor helped her and her family maintain stability. After this experience, Donna knew she needed to go into financial advising to help others. Her business, Sephton Financial, focuses on families in transition that need assistance navigating their finances.

She works with divorcees, widows and widowers, career changers, and anyone else facing major life changes. With her new podcast, she is hoping to spread knowledge about financial stability and independence. Today, we will learn a bit about Donna, her business, and her approach as a holistic financial advisor.

READ AND LEARN MORE: https://sephtonfinancial.com/2021/10/ep-1-introducing-widow-wisdom-wealth-with-donna-kendrick/

TIMESTAMPS

0:52 – Introducing Donna

1:37 – About the title of the podcast

3:43 – What does it mean to be a financial advisor?

5:19 – Background in finance

6:08 – Growing up in Philadelphia

6:42 – What Donna loves about her hometown

8:11 – Living abroad

10:00 – Long distance running

11:33 – About Donna's business and clients

14:09 – Being a holistic advisor

16:08 – Last thoughts from Donna

RESOURCES

Website: https://sephtonfinancial.com/

Schedule A Call: https://calendly.com/donnakendrick

Phone: 215-948-3945