Maybe starting your own business was a dream come true. Or perhaps you're just working out of financial need. Whatever your situation, make sure you don't sacrifice your financial well-being while balancing a career and motherhood.
Tips for Entrepreneurs
As a business owner and probably the CFO, you have special concerns and financial needs. Visit our article library for small business information especially for women.
Life Insurance
Owning the right amount of life insurance is one of the best ways to protect your family, because the insurance replaces lost income should something happen to you or your spouse. A good financial professional will ask the tough questions to help you determine what that amount is to cover expenses and future goals. You can also get started by using our life insurance calculator.
Disability Income Insurance
Coping with an illness or disability is emotionally and physically difficult, and mounting financial pressures can make things worse. Do you know how the disability income insurance coverage provided by your employer works? You may need to supplement with long- or short-term coverage. As you move up the pay scale or change employers, review your coverage and update beneficiaries.
Retirement Savings
Don't neglect saving for your own retirement. Contribute the maximum to plans like 401(k). After leaving a job, rollover the distribution you receive into an IRA or other vehicle don't spend it. A financial professional can help you set a goal for savings and find the best solutions for getting there.