It is undeniable that women’s roles have changed dramatically over time. Often heads of their own households, many women today are busy working while taking care of their children or aging parents. Women face many issues, some arising from widowhood, divorce or second marriages, some from their roles as parents and caregivers.
Planning for their financial future has become challenging for many women.
On May 19, a seminar on Marco Island entitled “Savvy Women, Smart Investors Take Charge of Their Financial Future” tackled these issues with presentations and discussion.
Speakers included Kevin O’Fee, a financial planner with Edward Jones, attorney Jessica Hernstadt, and David Garrett from Amada Senior Care.
The seminar offered strategies for investing, estate planning and caring forelderly parents. Although geared towards women, the advice was applicable to both genders, and men as well as women were in attendance.
Kevin O’Fee discussed strategies for investing, taking into consideration the challenges that are unique to women.
Kevin explained, “With the ramifications of people living longer than ever before, it’s essential to have a well thought out retirement income strategy. Otherwise you’re relying on hope, and hope is not a strategy.”
Jessica Hernstadt focused on estate planning tools, such as wills, trusts, powers of attorney and healthcare directives. Jessica said, “Staying educated is the most important thing you can do for your future. Whether you are married, single, widowed or divorced, it is up to you to take charge of your estate-the assets and the plan.”
David Garrett discussed caring for aging parents, including both understanding care options available and their financial ramifications. David suggested that, “Planning for parent’s potential needs and understanding options before a situation becomes critical is a wise course of action and helps in making better decisions long-term.”
Keeping informed and proper planning was the unifying theme of all three speakers. An open format encouraged audience questions and active discussion.
If you missed this event, don’t worry; plans for the next seminar are already in the works. At the close of the evening, Kevin O’Fee said that in the future the presentation would be offered again on Marco Island.
For more information about “Savvy Women, Smart Investors” and other upcoming seminars, contact Kevin O’Fee at 239-642-0071.