Category Archives for "New Employees"

How to start your retirement together as a couple before AND after the wedding!

My friends over at Archer Investment Management in Raleigh, NC have sent me some amazing information to share with you ~ now that you are going to be saying “I do” soon! When starting your life and retirement life together as a couple, these points will make you think~

Engaged or Just Married?  Ok, Now What To Do About Money?

Couples often ask us what is the best way to handle finances together.  The answer is always the same – whatever keeps your relationship happy.  However, it is important for couples to talk about their financial situation and to be transparent with each other’s wishes.  During this conversation, talk about your future goals and hopes for your life.  These conversations should continue throughout the relationship and will evolve as life changes.  Co-managing finances is not just combining checking accounts and paying bills.  We recommend spending time together addressing the following items:

BUDGET

Financial success hinges on cash flow.  It is critical to understand how much the household is spending on a monthly and annual basis.  Make a budget and stick to it.

SAVINGS

Discuss each person’s savings goals and expectation of spending.  Figure out how much may be needed for an emergency fund.  Some couples realize that one person’s comfort level for emergency savings is drastically different than the other.  If there is already plenty of cash available for an emergency fund, what will you do with the excess?  Will you open a joint account for investing those funds and can you contribute to that on a monthly basis?

DEBT

Being upfront about any significant debt is important to both the relationship in general and the financial success of the household.  Debt can cause problems in many ways, so it is best to have open communication about that issue immediately.

INCOME & CORPORATE BENEFITS

Typically, households do not have both parties making the exact same amount of money.  Share income and future income potential with each other and be open if there are issues with a big discrepancy.  Also, take time to review your company benefits together and see what each other’s options are for retirement saving and health insurance.  If one person does not have a company sponsored retirement plan and the other does, engage in a conversation on how to maximize retirement savings utilizing one plan or using other vehicles such as an IRA.  This is a good time to also review any necessary beneficiary designations and make sure they are updated.

LIFE INSURANCE

Young, healthy couples have the benefit of obtaining insurance at a lower cost than older couples.  Consider income replacement needs and any outstanding debt when you are factoring in how much life insurance to purchase and what type of insurance.

WILLS & POWERS OF ATTORNEY

While never a pleasant topic, it is important to discuss your plans for your estate after you pass away.  This is a critical step to take in situations where couples have children and/or are in second marriages.  Finally, find out your state’s requirements for both financial and health care powers of attorney and have those documents drafted as well.

FIGURE OUT THE TEAM

Finally, determine who will be handling the household finances or divide up the responsibilities.  Make sure both parties are always engaged in the decisions and understand the household finances.  Relationships thrive on trust and transparency, especially with regard to money.  Starting off on the right foot will make a huge difference in your relationship over time.  A financial advisor can go through all of this with you and help you to make great financial decisions along the way.  Consider hiring one to work with you through this process.  Sometimes we can see the picture more clearly as outside looking in and can facilitate some of the difficult conversations.  At the end of the day, the healthiest relationships in regards to finances are ones that have open, honest communication.

 

Securities and Advisory Services offered through Triad Advisors Member FINRA/SIPC

Financial Advisor

Nina Oneal with Archer Investment Management

 

 

Nina O’Neal, Partner

Investment Advisor

Archer Investment Management

436 N. Harrington Street, Suite 120  |  Raleigh NC  27603

office  919 758 8911  |  fax  919 758 8918

noneal@aimnc.com  |  www.archerinvestmentmanagement.com

Securities and Advisory Services offered through Triad Advisors Member FINRA/SIPC

Excited to be a part of 2016 InvestmentNews40 Under 40! Check out the full list here: http://www.investmentnews.com/40

Press release for our big news!!!! IWP has been nominated for Best Event Photography by ISES!

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PRESS RELEASE                                                                                       

Contact: Mica Parekh @ mica@iwpphotography.com

(IWP Photography & Video)

ISES ESPRIT AWARD NOMINEES

International Special Events Society

Tesh Parekh, Owner of IWP Photography & Video, Raleigh, NC is an award recipient for the prestigious ISES Esprit Awards from the International Special Events Society (ISES) in the categories of Best Event Photography for Rakhee and Hiten’s Magnificent Indian Wedding.  Tesh has been a special event professional for 10 plus years.  In that time, Tesh has also won Best Entertainment for Weddings, presented to him by NACE for his other talent of LIVE Watercolor Paintings.

The Best Event Photography event nominated for a 2012 ISES Esprit was a beautiful multiple day Indian wedding that captured all the glamour and grandeur of Rakhee and Hiten’s special day.  They wanted a photographer that would capture the details of their event, and the depth of their love, artistically.

Tesh Parekh  says” “Quote”

ISES honors industry excellence through its prestigious awards program, the ISES Esprit Awards which fuel a spirit of competition within designated categories. ISES Esprit Awards gain global visibility and recognition for ISES members. It honors special event professionals who exhibit a “spirit of excellence” in their work. The importance of global industry recognition helps improve industry standards internationally and further promote our professionalism. ISES is dedicated to recognizing excellence in events and rewarding those individuals whose vision and creativity make their events “Special.” (www.ises.com)

Meet our newest team member – Liz Riley

IWP Photography & Video, along with Tesh’s Fine Art and Photography is proud to announce that Liz Riley has joined our team as a Senior Account Executive.  Liz has many years in sales and marketing and is very excited about her opportunity with IWP.   When asked about the most exciting part of this new venture, Liz said: “I look forward to working with Mica and Tesh to help build the Corporate National Account side of their business!” Liz will be covering a large territory for IWP Photography & Video and be working with mostly corporate accounts.  Please call Liz Riley at 919.606.2225 to welcome Liz and when you have a Corporate Photography need.  We are excited to have her as part of our team!

Liz Riley, Senior Account Executive