This course is intended for women who want to go back to the basics and establish a strong financial foundation before they modify their investment strategy or make new investments. This 3-month course can be taken before, concurrent with, or after the Core Curriculum.
Back to the Basics: Financial Planning course was designed by two experienced Certified Financial Professionals (CFP®), who saw firsthand how many women, even those with considerable wealth, who did not understand the underpinnings of financial security and true financial independence. The course is delivered through a combination of video training, group discussions, and interaction with the course creators.
By the end of this course, you will have:
There are no prerequisites for this course.
Monthly Commitment: 3-4 hours
Approximately 1.5 – 2 hours of independent study is required prior to each meeting, which are expected to last about 1.5 hours. The amount of time you spend will depend on how comprehensive you want to be with the assignments. The more effort you put in, the more you will gain.
In the first session of this course, you will examine your current financial situation – what you earn, spend and save , as well as a tally of assets versus liabilities. Then, in the second session, you will use this information to estimate your retirement spending budget. And finally, in the third session, you will address some of the obstacles that can trip you up along the way – such as not having and maintaining an appropriate portfolio or failing to consider other personal financial risks, such as inadequate insurance or lack of estate planning.
This session gets you started with Baseline Planning, which is the process of figuring out where you are now financially. The information you uncover will be your starting point and is one of the most important steps of financial planning. Knowing your current financial situation increases the likelihood that you will reach your financial goals. And, it gives you a strong foundation for thoughtful financial planning, investing, and charitable decision-making.
In this session you will put the numbers together, so you have a good idea of your retirement budget and investment needs. A long-used, and wise adage in financial planning is “the working years are all about saving and investing, but the retirement years are all about spending.” Thoughtfulness about both is one of the keys to retirement actually being the “golden years.”
This session will be about risk, and we are not just talking market risk. Unfortunately, there’s more risk to your financial situation than just from your portfolio. Failing to plan or update your financial plan in the areas of insurance risk management and estate planning can have disastrous results. This session is about the things you or your advisor should be monitoring. Building on the first two sessions, you now have the information to know if your savings are on track. But there are things that you need to do regularly to make sure you actually reach your ultimate financial goals.
Emeritus Partner, Abacus Wealth Partners
As she says on her LinkedIn page, Eileen is taking a pause before starting her next chapter. And that pause is well deserved because she spent almost 40 years in the financial services arena. She’s had roles in banking, brokerage, commodities, training, compliance, and auditing. During the last 20 years, Eileen formed her own investment advisory firm and later partnered with a larger value aligned wealth management company. We are delighted that she used some of her downtime to co-create this course.
Founder, Lady Money
Teresa has over 20 years’ experience in the financial industry, with 12 years as a CFP and investment compliance officer. During those years, Teresa coached more than 1,000 women who felt frustrated and ashamed that they had not managed to successfully take control of their financial situation. Through Lady Money, the coaching business Teresa recently launched, she is now dedicated to teaching women to make better, smarter and more value-aligned choices when it comes to saving, investing and spending. We are excited to have her as part of the Invest for Better community.