Mary Grace Musuneggi was featured on the Sunday Morning Radio Show with 100.7-FM’s Kelly. Kelly asked Mary Grace about her book A Man is Not a Plan.
“When women speak from their hearts, magic happens and the world changes.” – Patricia Boswell
Join us for an event that just may make magic happen!
When: Thursday, April 25, 2019, 6:00 – 8:00pm
Where: 3rd Street Gallery
220 3rd Street, Carnegie PA 15106
Cost: Complimentary for you and a guest
Register: Call 412-341-2888 ext.305 or email us.
About our Featured Speaker
Patricia Boswell is a National Board Certified Counselor with 38 years of experience specializing in women’s emotional wellness and empowerment. She invites you to join her Facebook group of like hearted women – My Second Marriage Was to Myself…Say I Do to You. This evening we will discuss the 5 major obstacles to self-commitment experienced by most women. We will also explore daily techniques to support you choosing “YOU!” Treating yourself as well as you treat others is essential. The more you love yourself, the more love you have to offer others.
About The Event Location
3rd Street Gallery is a fine art space dedicated to providing quality and original art through the promotion of local, national, and international artists. 3rd Street Gallery provides a forum for artists, collectors, and the public to experience painting, works on paper, jewelry, and pottery.
Space is Limited, so Register today! Don’t miss this special Women Who Wine.
Turn your intent into a commitment.
Goals give you focus.To find and establish your investing and saving goals, first ask yourself what you want to accomplish. Do you want to build an emergency fund? Build college savings for your child? Have a large retirement fund by age 60? Once you have a defined motivation, a monetary goal can arise.
It can be easier to dedicate yourself to a goal rather than a hope or a wish. That level of dedication is important, as saving and investing usually comes with a degree of personal sacrifice. When you dedicate yourself to a saving/investing goal, some positive financial “side effects” may occur.
A goal encourages you to save consistently.If you are saving and investing to reach a specific dollar figure, you likely also have a date for reaching it in mind. Pair a date with a saving or investing goal, and you have a time horizon, a self-imposed deadline, and you can start to see how you need to save or invest to try and achieve your goal, and what kind of savings or investments to put to work on your behalf.
You see the goal within a larger financial context. This big-picture perspective may help you from making frivolous purchases you might later regret or taking on a big debt that might impede your progress toward reaching your target.
You see clear steps toward your goal.Saving $1 million over a lifetime might seem daunting to the average person who has never looked at how it might be done incrementally. Once the math is in place, it might not seem so inconceivable. The intimidation of trying to reach that large number gives way to confidence – the feeling that you could realize that objective by contributing a set amount per month over a period of years.
Those discrete steps can make the goal seem less abstract.As you save and invest, you may make good progress toward the goal and attain milestones along the way. These milestones are affirmations, reinforcing that you are on a positive path and that you are paying yourself first.
Additionally, the earlier you define a goal, the more time you have to try and attain it.Time is certainly your friend here. Say you want to invest and build up a retirement fund of $500,000 in 30 years. If you save $500 a month for three decades through a retirement account returning 7% annually, you will have $591,839 when that 30-year period ends. If you give yourself just 20 years to try and save $500,000 with the same time frame and rate of return, you may need to make monthly contributions of about $975. (To be precise, the math says that over two decades, monthly contributions of about $975 will leave you with $501,419.)1
When you save and invest with goals in mind, you make a commitment.From that commitment, a plan or strategy emerges. In contrast, others will save a little here, invest a little there, and hope for the best – but as the saying goes, hope is not a strategy.
Contact us to discuss your goals.
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.
1 – bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx [4/26/18]
“Two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” ~ Warren Buffet
With the current volatility of the stock market, it is hard to not consider the “risk” you are taking in your investment portfolio. Let alone, you have to wonder if you should be investing more. Sir John Templeton, considered by Money Magazine to be “arguably the greatest global stock picker of the century” has been noted for saying that “the best time to invest is when you have the money.” No concern for the timing, but more concern for the time you have to hold the investment.
We all like to see our accounts go up. But investing means that sometimes the accounts go down. If they are not going up and down, then this is saving, not investing. True investors “bear” the down of the market better than most, but it is doubtful that they do it with a smile.
At times like these the focus for many of us is on “market” risk…the fluctuation of the stock market (or even bond market, or commodities market.) But risk comes in many varieties and an understanding of these can help us focus on what risks we are truly trying to avoid. Living with market risk can possibly help us avoid other risks that can be more damaging to our income and lifestyle.
Interest Rate Risk comes when a portfolio is too weighted in bonds. Bonds (which are often considered more conservative, can actually lose value when interest rates rise – the environment we are currently in.)
Liquidity Risk means it is difficult to sell an investment at a fair price.
Credit Risk is a consideration when a company or government is not able to pay to it its investors.
Longevity risk is a concern if there is a chance that you will outlive your investments or income.
Allocation risk means that your portfolio is too heavily weighted in “safe” and low interest rate investments that have no potential to grow.
Timing risk happens when an investment is needed before it was planned for issues like job loss, death, or divorce.
Health Care risk which has become a major concern as investors take their investments prematurely to cover medical of long-term care needs. The risk is accelerated for a couple when assets are used for one and nothing is left for the other.
Legacy risk exposes the investor’s heirs when the assets are not realized because the estate planning or beneficiary arrangements are inadequate. Assets go to the wrong sources, including that they go to probate or taxes.
And there are other risks . . .
The important thing is to be well diversified, well-funded, well planned. Focus not only on market risk that can often be addressed with good allocation and timing, but on the risks that go beyond the volatility of the stock market. The risks that jeopardize your life-style and your income.
Securities & Investment Advisory Services Offered Through H. Beck, Inc. Member FINRA, SIPC. 6600 Rockledge Drive, 6th Floor, Bethesda, MD 20817. (301) 468-0100. H. Beck, Inc., and The Musuneggi Financial Group, LLC, are not affiliated.
Grab a glass of wine, invest time in your wealth and meet amazing women at this special edition of Impactful Women: Wealth and Wine event.
The Musuneggi Financial Group’s Christine Pikutis-Musuneggi is one of the featured speakers at the event. This event is sure to help you ease your monetary anxieties and maybe even lead you to a life of being rich and fabulous. Not to mention you will network and connect with affluent women from all over our region.
Click here for more information and to register for the event.
Know someone who is considering a first home purchase?
Join us on March 19 from 6:00 – 7:30pm at the offices of The Musuneggi Financial Group.
This special complimentary event will demystify the home buying and mortgage process.
The event will be held at the offices of The Musuneggi Financial Group. Pre-registration is required by calling 412-341-2888 ext. 312 or emailing firstname.lastname@example.org.
Jackie (Lucchino) von Thun
Realtor, Realty One Group
375 Valley Brook Road
McMurray, PA 15317
Mortgage Loan Officer, Mars Bank
20246 Route 19
Cranberry Twp, PA 16066
Coping With the Shutdown:
Starting Out/Starting Over is a financial coaching program available to those who need to begin organizing their financial lives. We break down the basics to reduce stress, educate & empower, and guide you towards your goals. Face your fears and start today. Learn more here.
Join us for our Kick Off Event 2019 on January 22nd! This live event is a special event for planning your 2019:
Financial Firsts: Facing the Fears of Goal Setting
Don’t miss Christine as she serves on a panel “Financing and Running Your Business” on January 30. Bethel Park Chamber Event Flier 122018
- How finances affect other areas of a woman’s life;
- The need to start, not wait for everything to be perfect; and
- Her three easy steps to financial freedom.