Financial Planning is a Mother with Karen Holloway, Financial Advisor

Financial Planning is a Mother. If you’re like us, you were taught only the basics of financial management. But there are so many tools and resources available to us that can truly set us up to achieve financial health and protect our future.

In episode 10 of ___ Is a Mother, we are joined by Karen Holloway to discuss the financial elements every family should have in place and lay out the options that are available to you so you can start making strategic financial decisions that align with your goals. Be sure to grab a notebook because Karen drops some incredible knowledge in this episode.

This episode is sponsored by Northwestern Mutual. They believe in doing the right thing, and to them, the right thing is making sure their clients won’t have to worry about their finances. Northwestern Mutual recommends financial strategies based on each client’s life and priorities, designed to help them reach their unique goals. For more information, please visit www.karenholloway.nm.com

Some of the talking points we go over in this episode include:

• Breaking down the four buckets of financial planning.
• The difference between whole and term life insurance and how to decide which may be right for you.
• Education savings funds available to you and the pros and cons of each option.
• How to approach asking family and friends to invest in your child’s future instead of buying physical presents for life events.
• A unique way for entrepreneurs to kickstart their child’s financial future with a Roth IRA.
• How Traditional and Roth IRAs (Individual Retirement Accounts) stack up against other investment funds.

Thank you for listening! If you enjoyed this episode, please take a screenshot of the episode to post in your stories and tag us! Follow, rate, and review the podcast, and tell us your key takeaways! If there are topics you would like us to discuss in a future episode, please let us know. Thanks for being part of our inner circle and an important part of this community. Go call your best friend!

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LINKS MENTIONED IN THIS EPISODE:

Atomic Habits