Monday, June 9, 2014

Opportunity Worth Repeating

Do you currently market your practice to women? Your immediate reaction to this question is probably "Yes, of course I do!" But, more clearly understanding the financial need of women, and specifically
*Hot Topics,"Women and Philanthropy,
Sharing the Wealth."
To the Contrary hosted by Bonnie Erbe,
PBS Online, 8/18/2012. 
marketing to that need is how you gain more clients in this under-served segment of the population.

In many American households, women are the primary decision makers and 53% of them are also the primary bread winners.* Women are focused on protection. They don't want to outlive their money and they don't want to be a burden on someone else.

When you are working with couples, it is extremely important to use words that reflect a shared need for protection and a joint effort in the decision making process. One million women become widowed every year in the United States and 70% of them change advisors after the death of their spouse.** Making all female prospects feel comfortable with you as a trusted resource will help to reduce that turnover in your business.

MVP will be hosting a Marketing to Women webinar with Prudential. You can learn more about this important market by joining us. 

W E B I N A R  D E T A I L S
Date: Thursday, June 19, 2014
Time: 9:30 – 10:30 a.m. CT


In the meantime, here are some great resources to help you get started:
* Source: Financial Experience and Behaviors Among Women, Prudential 2012.
** Source: Spectrum Group Study of Wealthy Women Investors, June 2011 and U.S. Census Bureau, August 2011 (Marital Events of Americans, 2009)

Monday, May 12, 2014

Should State of Illinois Mandate Government Run Retirement Savings?

SB 2758 - SECURE CHOICE SAVINGS PROGRAM

State Senator Daniel Bliss (Evanston) and State Representative Barbara Flynn Currie (Chicago) have introduced SB 2758 and passed it in the Senate. This week it is up for vote in the House.

This bill mandates that any employer with 25 or more employees have an employee retirement savings plan OR the State of Illinois will mandate a state run retirement plan for these employers/employees.

While I believe that everyone should be saving money for their retirement, and that it would be nice for employers to offer a program to help maintain and attract good employees, the fact that government should mandate and run a State plan, considering our current financial troubles is highly questionable. This legislation could impose significant costs, risks and liabilities on taxpayers and the state, as well as threaten a competitive private retirement marketplace. 

This is what you do for a living. Please contact your state representative with your opinion today.  Consider whether you want the State of Illinois doing it for you. 
For contact information http://capwiz.com/naifa/home/.
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