Financial Finesse Podcast

S3 E1: What Every Woman Needs To Know About Long-Term Care Insurance

As You Plan For Retirement, Don't Forget About Long-Term Care Insurance

As women, we have a number of unique considerations when it comes to planning for a financially secure retirement. One topic that comes up repeatedly with my female clients is long-term care insurance–what is it, who needs it, and is it worth paying for? And the answer is: it depends. 

The truth is, long-term care insurance is a complicated issue. While it may make good sense for some women, there are still many factors to consider before purchasing a policy. To help explain the ins and outs of long-term care insurance and clear up some of the more common misconceptions about it, I invited Liz Eshleman onto the Financial Finesse podcast for a very enlightening discussion. 

Liz is a long-term care planning specialist and founder of Eshleman Insurance Services in Sacramento, California. Her mission is to help individuals and families avoid the devastating financial and emotional consequences of not having a long-term care plan in place.

I’ve partnered with Liz on many long-term care planning situations for my clients and could think of no one better to join me for this discussion. I hope you find this episode as illuminating as I did!

Episode Highlights

  • [04:00] Liz explains who long-term care insurance is for and why a mobility issue might cause problems for you, even if you’re otherwise healthy.

  • [07:38] We talk about the impact the coronavirus pandemic is having on long-term care and your eligibility to purchase insurance if you’ve tested positive for the virus.

  • [08:58] Liz lists some of the more surprising health issues that could make you ineligible for long-term care insurance.

  • [14:50] We discuss the various types of long-term care insurance products on the market today.

  • [20:12] Liz gives a real-life example of when and how an initial claim is triggered.

  • [26:00] Liz shares some of the other benefits of long-term care insurance, specifically having access to a long-term care manager.

  • [40:38] We wrap up our discussion by talking about the potential drawbacks of long-term care insurance for women and how it plays into your financial plan.

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S2 E3: Estate Planning Must-Haves For Single Women

Financial Finesse Estate Planning Must-Haves For Single Women

Estate Planning Can Be Daunting, But It Shouldn't Be Avoided

This year has reminded all of us how precious and fragile life is. It’s also highlighted the importance of having a financial plan–especially during periods of uncertainty. That’s why for my third episode of Financial Finesse Season 2: What Keeps You Up At Night?, I’ve decided to focus on estate planning and the documents every single woman should have in place. 

Many people avoid the topic of estate planning, thinking it’s too morbid to discuss or something that only applies to the ultra-wealthy. The truth is, everyone with assets to their name should have an estate plan, regardless of current net worth or marital status.

Estate planning is especially important for single women. While married couples have the assurance that their assets will remain with one spouse if the other passes away, a single person must specifically designate one or more beneficiaries or risk her assets going to someone she may not have chosen. In addition, single women have the added stress of appointing such roles as executor, successor trustee, healthcare or financial power of attorney, which often keeps them from moving forward with their estate plans altogether.

In this episode, I discuss which estate planning documents every single woman needs and offer suggestions for how to choose and appoint people for key roles if you don’t have a spouse or partner. I hope it will help put your mind at ease about the estate planning process and encourage you to end the year confidently, knowing your financial plans are in order. 

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S2 E2: Sticking To Your Investment Plan In Times Of Uncertainty

Sticking To Your Investment Plan In Times Of Uncertainty

Staying The Course - Even When It Hurts

In my second episode of Financial Finesse Season 2: What Keeps You Up At Night?, I talk about investing in stocks during periods of uncertainty. And I think we can all agree that things look pretty uncertain right now. The good news is, that doesn’t mean your financial plan needs to suffer. 

If investing in stocks feels scary to you, you’re not alone. Many investors can’t stomach the volatility that comes with investing in the stock market, so they either avoid it altogether or end up selling their stocks when they start to lose value. This presents two problems: first, investing in stocks is necessary for most people to achieve their long-term financial goals; and second, trading in and out of stocks at inopportune times can lead to permanent loss of capital. 

In this episode, I go into some of the technical details of why these two problems occur, but more importantly, I explain why having an investment plan and sticking to it over the long run is the best way to avoid them. I hope you find my message reassuring, and as always, don’t hesitate to get in touch if you want to discuss your investment plan in more detail. 

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S2 E1: Will the Upcoming Presidential Election Impact Your Investments?

Financial Finesse S2E1: Will the Upcoming Presidential Election Impact Your Investments?

Why Staying In The Moment Doesn't Apply To The Stock Market

Today I’m so excited to kick off Season 2 of the Financial Finesse podcast, which I’m calling, “What Keeps You Up At Night?” Many of us are dealing with heightened anxiety these days due to a renewed surge in COVID cases, the uncertainty of the upcoming (and exceedingly contentious) presidential election, and a general feeling of instability in the world. 

In addition, people are nervous about what this election may mean for their investments and financial future–and for good reason. The media takes every opportunity to sensationalize what may or may not happen in November and beyond. That’s why in this episode I encourage listeners to take a long-term view. Stocks tend to rise more often than they fall, and moment-to-moment volatility is simply the price of investing in the stock market–regardless of whether it’s an election year. 

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Episode 7: The Challenge Of Running A Small Retail Business During COVID

My Candid Conversation With Three Local Female Business Owners

In this episode, I talk to three women who own boutique retail businesses in the Rock Ridge neighborhood of Oakland, CA:

  • Joyce Gardner, Owner of Fit Clothing Boutique
  • Johnelle Mancha, Owner of Mignonne Decor
  • Andrea Serrahn, Owner of Serrahna Boutique

Rock Ridge is an area that typically sees heavy foot traffic from locals and visitors, making it an ideal location for local businesses. However, COVID has changed all that. I invited Joyce, Johnelle, and Andrea on the podcast to share their experiences operating retail businesses in the midst of a pandemic, and how they’re tapping into their creativity to find new ways to serve their customers and generate revenue. Whether you’re a business owner yourself or looking for ways to support your local businesses, I think you’ll find their tenacity and commitment to their community and customers inspiring. 

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Episode 6: Social Media Therapy: Overcoming The Awkward and Vulnerable Feelings That Can Come With Posting

Communications Expert Courtney McQuade Breaks Down Social Media

Do you still feel vulnerable and unsure of yourself when posting on social media? Is imposter syndrome keeping you from even getting started? If so, you’re going to love this episode’s guest, Courtney McQuade, who shares her expert advice with me for overcoming the limiting beliefs so many of us have around social media and developing a successful and authentic social media strategy. 

Courtney is Communications Manager for Integrated Partners, a $7.3 billion hybrid RIA, and a social media consultant for Citywire USA. She has nearly a decade of experience helping financial advisors develop their social media strategies. In this episode, we discuss the fundamentals of developing an effective social media strategy, how to communicate on social media to get the best results, and why finding and using your authentic voice is so important for long-term success. And be sure to listen to the end, when we go off topic and Courtney shares her favorite spot in the U.S. for buffalo wings! 

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Episode 5: What Advisors Do For Their Clients

Client Success Stories From My Financial Advisor Mastermind Group

In this episode of Financial Finesse, I’m pleased to welcome the brilliant ladies of my Financial Advisor Mastermind Group:

  • Maura Griffon of Blue Spark Financial
  • Beverly Cox of B. Cox Planning
  • Stephanie Bruno of Sea To Peak Financial Advisors
  • Tanya Nichols of Align Financial

The five of us meet twice per month to share ideas, support each other in developing our businesses, and deepen our knowledge on issues that affect our clients. I’ve learned so much from this group of women, as they are all successful, independent financial advisors and business owners who go above and beyond when it comes to the work they do with their clients. 

Which is why I’m so grateful they agreed to be part of today’s episode and share their client success stories. I hope our conversation gives you a deeper understanding of how exceptional financial advisors help their clients. In addition, I believe it’s a great example of how participating in a peer-to-peer mentoring group like this one raises the bar for all of us–and ultimately elevates the level of service we provide. 

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Episode 4: Young Women, Money and Black Lives Matter

My Chat With Joy, Tori, Rebecca And Reshonda

I’m very excited about this episode because I had the opportunity to reconnect with four of my former personal finance students from Mills College. As the call to address racial injustice and inequality in the United States and throughout the world grows louder and more urgent, I asked Joy, Tori, Rebecca and Reshonda to share their experiences and lessons learned navigating their financial lives as four independent women of color. I‘m so grateful for their generous contributions to this important conversation. 

During our chat, we touch on various financial challenges they’ve faced throughout their lives, from super-high interest rates on credit cards and car loans to not being able to easily open a checking account, and how an education in personal finance not only opened their eyes to the discriminatory practices of so many financial institutions, but gave them the confidence to start negotiating better terms for themselves. The ladies also talk about universal topics like imposter syndrome, learning to make better financial decisions, and celebrating wins. Finally, we discuss their hopes for the Black Lives Matter movement and how important it is to keep the momentum going, even after the world eventually returns to its pre-pandemic routine. 

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Episode 3: Women, Wealth and Social Change

ESG Investing With Haleh Modasser

In this episode of Financial Finesse, I interview expert guest Haleh Modasser, Sr. Vice President at Stearns Financial in Chapel Hill, North Carolina. Haleh is the author of Women on Top: Women, Wealth & Social Change, which makes a case for women to leverage their wealth to propel the changes we want to see in the world while also benefiting financially. Beyond charitable giving, volunteering, and political activism, Environmental, Social, and Governance (ESG) investing is an increasingly popular way for women to make an impact by aligning our investment dollars with the causes we value. 

More than ever, I hear women asking, “What can I do to help?” in the wake of a global pandemic and growing social unrest, and this episode tackles that question head-on. Haleh and I discuss how values-based investing can be a faster and more impactful way to effect change and why it’s so important for women of the Baby Boomer generation, who control the majority of the nation’s wealth, to be aware of these types of investment opportunities. 

During our conversation, we touch on both the principles and mechanics of ESG investing, and why interest in these strategies has skyrocketed since the pandemic began. Whether you’re a financial advisor who wants to educate your clients on these opportunities or a woman who wants to use your wealth to support the issues you care about, I encourage you to listen to this episode. 

Finally, if you’re a client of Curtis Financial Planning or want to work with an advisor to learn more about how to incorporate ESG principles into your investment portfolio, please don’t hesitate to get in touch.

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Episode 2: The Value of a Good Financial Advisor

My Conversation With Melissa Joy, CFP®

In this episode of Financial Finesse, I have the pleasure of chatting with Melissa Joy of Pearl Planning, an independent, women-owned financial planning firm based in Michigan. Melissa and I met through an advisor peer group and have a lot in common when it comes to our careers and how we manage our financial planning businesses. I thought she’d be the perfect guest to discuss the value of a good financial advisor and what to look for when hiring a financial parter.

Melissa and I discuss a range of topics, from the types of clients we work with to their most common pain points and how we look at each client’s entire financial picture to develop and implement a comprehensive financial plan. We also touch on the role of investments in a client’s financial plan and why neither of us makes it the focal point of our discussions despite our shared interest in the topic. Finally, we discuss the progress the financial advice industry has made in terms of service and technology, but why it still has a long way to go when it comes to encouraging more diversity among professionals joining the field. 

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