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Empowering Women Through Financial Literacy

Empowering Women Through Financial Literacy

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“Give a woman a dollar, and she can put it to good use. Teach her about how money really works, and she can change the world.” – Linda Davis Taylor

Financial literacy is referred to as the ability to grasp and effectively apply various financial skills to one’s life. From budgeting to debt management to retirement planning; financial literacy is the cornerstone of a secure and financially independent life; especially for women.

Historically, women have faced unique challenges in the financial realm, from wage gaps to longer life expectancies requiring more substantial retirement savings. Understanding financial concepts empowers women to make informed decisions.

The Importance of Financial Literacy

Financial literacy encompasses more than just knowing how to manage a household budget. It extends to comprehending complex financial concepts like debt management, loan applications, retirement planning, and investment strategies. Essentially, it’s about gaining the knowledge needed to make informed financial decisions that can shape a stable and prosperous future.

For many women, becoming financially literate means breaking through barriers that have historically limited their access to financial knowledge. This can include education and overcoming the intimidating jargon of the financial industry. Financial terms and processes can be confusing and intimidating, leading many to shy away from seeking the knowledge they need. Additionally, societal norms and biases may discourage women from seeking financial knowledge or taking control of their finances. By demystifying and normalizing these concepts, financial literacy empowers women to take control of their lives.

Building Confidence in Financial Decision-Making

Understanding the intricacies of financial planning can often feel overwhelming. That is why at ARK Financial Wellness, we are dedicated to providing educational opportunities that enhance your financial literacy. We are committed to guiding you through every step of the process. Whether through one-on-one meetings, group settings, or ongoing communication, we strive to make financial education accessible and comprehensible.

We also offer a variety of resources designed to support your financial education journey through our Wellness Center. These resources include downloadable checklists, financial calculators, and practical tips are carefully curated and selected to help you manage your finances effectively.

Additionally, we take pride in offering a judgment-free zone where complicated financial terms are explained in relatable and understandable ways. With over 40 years of combined experience, our team is dedicated to transforming complex financial concepts into clear, actionable insights. Our goal is to alleviate anxiety and stress by providing comfort and ease, ensuring that you feel empowered to make informed financial choices.

Financial Literacy and Empowerment

Education and knowledge are powerful tools that drive personal and professional success. When women understand their finances, they make better decisions—whether managing day-to-day expenses, planning for long-term goals, or navigating complex financial situations. Financial literacy is more than a skill; it is a transformative power that enables women to achieve personal and professional milestones, such as buying a home, starting a business, or securing a comfortable retirement.

The benefits extend beyond the financial realm. Financial literacy fosters a sense of control and security, reducing financial stress and enhancing overall well-being. It equips women with the confidence and independence needed to navigate life’s challenges and seize opportunities. By embracing financial literacy, women can take charge of their financial futures, helping to ensure stability and prosperity for themselves and their families.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Mid-Year Financial Wellness Check-Up

Mid-Year Financial Wellness Check-Up

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As we find ourselves midway through the year, it’s an opportune moment to conduct a thorough mid-year financial wellness check-up. Just like regular doctor’s check-ups are necessary for maintaining physical health, financial check-ups are essential for maintaining financial health. This serves as an important milestone to assess your financial health, ensuring that you are on track to meet annual goals, and make any necessary adjustments. At ARK Financial Wellness, we understand that achieving financial success is not solely about accumulating wealth but also about having the health, time, and confidence to enjoy a fulfilling life. Let’s explore the key components of a comprehensive mid-year financial check-up to get your financial health and wealth aligned.

Review Financial Goals

The first step in your mid-year financial check-up is to review your financial goals. Whether you’re saving for a down payment on a house, planning a vacation, or building an emergency fund, it’s important to assess your progress. Have you met any of your goals already? Are you on track to meet others by the end of the year? If you find that you’re falling behind, don’t be discouraged. This review gives you the opportunity to recalibrate your goals, adjust timelines, and set more realistic targets if needed.

Evaluate Budget

Next, evaluate your budget. Think of this as checking your vital signs. Are you spending within your means? Are there areas where you can cut back? Review your income and expenses to ensure you’re living within your budget. If you’ve experienced changes in your income or expenses, now is the time to update your budget accordingly. Staying mindful of your spending habits and making necessary adjustments will help you stay financially healthy.

Check Emergency Fund

Your emergency fund is your financial safety net. Ideally, it should cover three to six months’ worth of living expenses. Mid-year is a great time to check the status of your emergency fund. Have you had to dip into it this year? If so, make it a priority to replenish it. If you haven’t started an emergency fund yet, begin setting aside a small portion of your income each month. A well-funded emergency fund provides peace of mind and financial stability in case of unexpected expenses such as medical emergencies, car repairs, or job loss.

Evaluate Savings and Investments

Now, turn your attention to your savings and investments. Are you taking full advantage of employer-sponsored retirement plans and other tax-advantaged accounts? Are your investments aligned with your risk tolerance and financial goals? Mid-year is a good time to review your portfolio’s performance and make any necessary adjustments. Consider consulting with a financial advisor to ensure your investment strategy is on track to meet your long-term goals. Remember, consistent contributions and a well-balanced portfolio are key to building wealth over time.

Conclusion

A mid-year financial wellness check-up is not just about ensuring your savings and income support your objectives; it’s about creating a balanced life where you have the health, time, and financial confidence to relish in family time, retire early, make career changes, start a business, take dream vacations, and enjoy countless other life experiences.

Just as you wouldn’t neglect your physical health, don’t overlook the importance of your financial health. By reviewing your financial goals, evaluating your budget, checking your emergency fund, and assessing your savings and investments, you can make informed decisions for a more prosperous financial future. Take this opportunity to make any necessary adjustments and set yourself up for a successful second half of the year!

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Summer Savings Tips

Summer Savings Tips: Making the Most of Your Budget

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With the warmer months often comes an increase in spending, whether it’s on vacations, outdoor activities, or cooling your home. However, with strategic planning and smart choices, you can enjoy the season without derailing your budget. At ARK Financial Wellness, we believe that financial health and enjoying life are not mutually exclusive. Here are some practical tips to help you make the most of your budget this summer!

Budget-Friendly Vacation Ideas

Instead of splurging on expensive travel, consider a staycation. Exploring local attractions such as parks, museums, and historical sites can be an enjoyable and cost-effective alternative to traveling far. Many of these places offer free or discounted admission for residents. Planning activities in your local area allows you to enjoy new experiences without the added costs of travel and accommodation.

If you do plan to travel, try to do so during off-peak times. Airfare and hotel rates are often lower during weekdays and outside of traditional vacation periods. Planning your trip for early or late in the season can result in significant savings. Additionally, embrace the great outdoors with camping, hiking, swimming, and other outdoor activities.

            Here are 7 Creative Activities to Guarantee Happy Campers this Summer

  1. Backyard camping – Set up a tent in the backyard and have a camping adventure under the stars. Roast marshmallows, tell stories, and enjoy the simplicity of being outdoors together.
  2. DIY water park – No pool? No problem! Create your own water park in the backyard with sprinklers, water balloons, slip ‘n’ slides, and kiddie pools. It’s a fun and refreshing way to beat the summer heat.
  3. Outdoor movie night – Set up a projector and screen in the backyard, grab some blankets and popcorn, and enjoy a movie night under the stars. Let each family member take turns choosing their favorite film — here are a few suggestions to get you started.
  4. Plant a garden – Gardening is a great way to teach children about the cycle of life, nature, and the science of plants. Plus, if you plant vegetables or herbs, you’ll have fresh produce to enjoy. The easiest ones to grow? Bell peppers, blackberries and raspberries, cabbage, and cucumbers.
  5. Visit nearby state parks and museums – In the busyness of the school year, it’s easy to overlook the place you call home. Take advantage of the beautiful weather this summer and plan a day trip to explore a nearby state park. It’s a great opportunity to experience nature, take memorable photographs, and maybe spot some wildlife.
  6. Serve your city – Dedicate a day (or more!) to volunteer as a family, engaging in activities that contribute to the well-being of your community, such as local clean-ups, helping out at a community garden, or offering your skills and time to a neighborhood project. Find family-friendly opportunities near you here.
  7. Plan a “Yes Day” – Set aside a day where you say “yes” to your kids’ reasonable requests, whether it’s an ice cream breakfast, pillow fort construction, or a late-night movie marathon. Read more about the “Yes Day” trend here.

You might also check out STL Moms Guide to Summer in St Louis, with TONS of fun ideas around town for families, kids and adults alike!

Energy-Saving Tips for Your Home

To optimize your cooling system and reduce energy costs, consider installing a programmable thermostat. This allows you to set the temperature higher when you’re not home and lower it when you are, leading to significant energy savings. Additionally, use ceiling fans to circulate air and reduce the need for air conditioning. Make sure fans are set to rotate counterclockwise, which pushes cool air down.

Check windows and doors for gaps and seal them to prevent cool air from escaping. Simple weather stripping or caulking can improve your home’s energy efficiency. Using blinds, curtains, or shades to block out the sun during the hottest parts of the day can also reduce cooling costs.

By implementing these savings tips, you can enjoy all that the season has to offer without straining your budget. Small changes can lead to substantial savings, allowing you to fully enjoy the season while staying financially healthy. Happy summer saving!

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation. This content not reviewed by FINRA.

Lisa and Isabel at ARK Financial Wellness

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
ARK Financial Planning

College Savings: A Guide to Financial Planning and Preparedness

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As it is graduation season, the excitement of higher education fills the air for millions of students and their families. However, before the selection of fall classes, back-to-school shopping, and dorm decorating comes a vital and significant aspect: financial planning and preparedness. The cost of college encompasses more than just tuition, extending to other expenses such as room, board, food, personal necessities, and travel, including gas and airplane fares. Understanding the basics of college savings plans and exploring resources for college readiness can significantly alleviate the financial burden and ensure a smoother transition into this next chapter of life.

Understanding the Basics: 529 Plans

529 plans are a specialized type of investment account that can be used to pay for a wide range of education expenses, including tax-deferred and tax-free withdrawals for qualified education expenses. These plans are sponsored by states, state agencies, or educational institutions and come in two main types: prepaid tuition plans and education savings plans.

● Prepaid tuition plans allow you to prepay for tuition at participating colleges and universities at today’s prices, thereby providing a hedge against future tuition increases. These plans are available even for a student who might not be attending the school for a few years, and while primarily designed for in-state public colleges, some prepaid tuition plans also offer flexibility for out-of-state and private institutions.

● Education savings plans are similar to Roth IRAs or Roth 401(k)s, allowing you to invest after-tax contributions into mutual funds or similar investment accounts that are reserved for a student’s higher education expenses. These funds offer more flexibility with the ability to pay for qualified expenses for colleges and universities (including tuition, books, room and board), as well as private, public or religious elementary or secondary tuition expenses for K-12 students.

It’s important to note that 529 plans can be opened for family members, including children, grandchildren, or other relatives, and can be transferred to different beneficiaries if needed. While every state offers at least one 529 plan option, you’re not limited to investing in your state’s plan, although doing so may offer additional tax incentives.

Financial Considerations for College Students

Beyond college savings plans, there are several financial considerations that both students and their families should keep in mind to navigate the cost of higher education effectively. Here are some practical tips and considerations:

1. Create a Budget: Encourage your student to create a comprehensive budget outlining all expenses, from tuition and books to housing and miscellaneous costs. Be sure to adjust each year as necessary.

2. Education on Responsible Borrowing: Educate your student about the implications of student loans and the importance of borrowing responsibly. Discuss the long-term impact of student loan debt on their financial goals post-graduation, emphasizing the importance of minimizing debt whenever possible.

3. Exploring Financial Aid: Securing financial aid is an ongoing process. Revisit your student’s financial assistance package annually, exploring scholarships, grants, and student loans. Each year revisit and complete the Free Application for Federal Student Aid (FAFSA) to maintain eligibility for aid.

4. Consider Part-time Work: Encourage your students to consider part-time work or internships to supplement their income and gain valuable work experience while in college. Balancing academics with work can foster financial independence and professional development.

5. Take Advantage of Student Discounts and Resources: Many companies and businesses offer discounts for students, such as Apple, Verizon, and Amazon Prime. Taking advantage of these resources can be a great way to maximize savings while in school.

Preparing for college is a big deal that requires careful financial planning and important, ongoing decision making. By understanding the basics of college savings plans and exploring available resources, students and their families can embark on the journey of higher education with confidence and financial stability. This next chapter of a student’s life is an exciting one, and preparation is the key to unlocking all the opportunities that higher education brings.

College Savings Resources:

● College Aid Pro

○ A great free resource for students and parents that demystifies financial aid and helps find schools that will give them the most savings

● College Board

○ One of the best when it comes to estimating future college costs. Has one of the largest reference guides to find college net price calculators, calculators mandated by the department of education to help families estimate what the price of college might be after financial aid estimates.

● Federal Student Aid

○ The website of the Federal Student Aid, a part of the U.S. Department of Education, the largest provider of student financial aid in the nation.

● College Student Discounts

○ A comprehensive list of the best deals and where to find them

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Spring Cleaning: A Guide to Financial Wellness

Spring Cleaning: A Guide to Financial Wellness

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As we welcome the warmer weather and blooming flowers of spring, many of us embark on the annual tradition of spring cleaning. However, beyond the tidying of one’s house and the decluttering of closets, spring is also the perfect time to take a closer look at our financial health and ensure that our money matters are in order. Organizing, understanding, and maintaining your financial house is overwhelming and time-consuming, however, it is also essential for overall well-being and success. Let’s explore how you can spring clean your finances and set yourself up for financial wellness in your future.

Assess Your Financial Situation

The first step in spring cleaning your finances is to assess your current financial situation. Take stock of your income, expenses, debts, and savings. Understanding where you stand financially is crucial for making informed decisions and setting realistic goals, so that you have enough health, time, and financial confidence to focus on what matters most.

Review and Update Financial Goals

Once you have a clear picture of your financial situation, it’s time to review and update your financial goals. Are you saving for a college education, planning for retirement, or aiming to pay off debt? Whatever your goals may be, spring is the perfect time to reassess and adjust your plan as needed.

Declutter Your Budget

Just as you declutter your home, it’s important to declutter your budget by getting rid of unnecessary expenses. Review your monthly subscriptions, memberships, and recurring payments and policies to identify any that you no longer need or use. Saving money doesn’t have to be difficult, and redirecting this money towards other fun experiences, activities, and/or family trips can make a significant difference towards achieving them.

Organize Financial Documents and Accounts

Make sure all important documents such as tax returns, bank statements, and insurance policies are organized and easily accessible. This not only saves you time when you need to find specific information but also ensures that you’re prepared for any financial emergencies. Also, take the time to review and organize your investments and retirement accounts. Maximize contributions to your IRA, 401(k), and other retirement accounts to take full advantage of tax benefits and employer matching contributions. Integrating these accounts into your overall cash flow strategy can help you achieve long-term financial security.

Plan for Emergencies and Unexpected Expenses

As spring showers loom on the horizon, being financially prepared for the unexpected becomes paramount. Just as an umbrella shields us during sudden downpours, an emergency fund serves as a financial cushion during unforeseen hardships such as medical bills, car repairs, or home maintenance. So, how much should you aim to maintain in emergency savings? While the ideal amount varies depending on individual circumstances, goals, and comfort levels, a general guideline we recommend is to set aside 3-6 months’ worth of living expenses in an easily accessible checking or high-yield savings account. This ensures you have sufficient funds to weather any storm that life may throw your way, providing peace of mind and financial stability in times of uncertainty.

At ARK Financial Wellness, we are here to help you set up your financial life to support your objectives, well-being, and core values. Spring cleaning is not just about the tidiness of your house. By assessing your financial situation, updating your goals, decluttering your budget, organizing your financial documents and accounts, and planning for emergencies, you can set yourself up for a brighter financial future. To best analyze your financial situation and gain access to additional checklists and resources for achieving financial wellness, be sure to visit the ARK Wellness Resources Center.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Celebrating Women's History Month: An Interview with Lisa Avenevoli, Founder of ARK Financial Wellness

Celebrating Women’s History Month: An Interview with Lisa Avenevoli, Founder of ARK Financial Wellness

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In honor of Women’s History Month, we had the privilege of sitting down with Lisa Avenevoli, the brilliant mind behind ARK Financial Wellness. Lisa shared her insights on her inspiration for founding ARK, overcoming challenges as a female entrepreneur, and the invaluable lessons she has learned along the way.

As we continue to celebrate the achievements of women past and present, let us draw strength from personal stories and strive to uplift and empower one another in our pursuit of success and fulfillment. Here’s to the women who inspire us, the challenges that shape us, and the boundless potential within each of us to make a difference in the world.

Q: What was your inspiration for creating/being a part of ARK Financial Wellness? 

A: I had a vision to provide a more in-depth, personal, and values-based experience for clients. I didn’t want conversations with clients to be “boring” or all about the numbers, because true planning to help one achieve financial goals goes so much deeper. I also had a passion to specifically work alongside women in their 40’s and 50’s who are in the driver seat of their family’s finances but are also pulled in many directions – working their way up in their careers, raising families, and often helping to care for aging parents.

While these smart, successful, and driven women have good intentions with their financial house, they often lack the time and energy at the end of the day to tend to their finances as they know they should. This adds to their stress, wondering if they are doing “all the right things” with their money.

Q: What are some challenges that you have faced as a female entrepreneur/businesswoman, and how did you overcome them? 

A: I’d say my biggest challenge was ME! Sure, it is well-known that I’m in a male-driven career-field and I could probably blame being treated unfairly in many situations, or being talked down to simply because I was a woman, but ultimately, the biggest thing standing in my way (and why I didn’t start ARK way before I did) was my own insecurities.

Ultimately, I needed to get out of my own head and realize that in this male-dominated industry, I have skills that far outweigh those of my male counterparts. I also needed to realize my strengths and the unique nature of being ME (no fluff, nothing to hide!) proves to be an asset to those clients I am honored to work with. Women often lack confidence and question their innate ability to bring their uniqueness into the world. All too often we let that little negative voice in our head take over, stopping us from overcoming challenges and being who we were truly meant to be.

Q: Who are some of the important women in your life that have inspired you? 

A: Important women in my life who have inspired me – my mom, both of my grandmothers, my sister, my daughter, my best friend (Nicole) and my work-wife (Isabel). Each of these women has contributed in countless ways to my achievements professionally, but more importantly, as a mom, wife, and friend.

These women inspire and ignite me in more ways than they will ever know. They have been my biggest cheerleaders and my support team when I needed them most – I am humbled and grateful to be in their circle. I am also honored to have the values instilled in me by those who have left this earth.

Q: If you could give your younger self one piece of advice, what would it be? 

A: To my younger self…BE CONFIDENT, BE TRUE TO YOU! Don’t let anyone tell you that you cannot do something you put your mind to, and always, always remember your values and your WHY. Show your uniqueness! If you feel you are “different” than everyone else, embrace that and know that you are going to do something very special in this life.

Q: What advice/inspiration do you have for other career-driven women balancing work and life? 

A: Stop being so hard on yourself and know that you are not alone. Even those who seem to really have it all together are battling a demon. Be kind. Don’t take everything so personally – sometimes people (i.e. teenagers) are just in a bad mood!

Stop wasting so much time and energy worrying about what other people are doing – utilize the “let them” theory (thanks, Mel Robbins!) to help you with this.  Listen to your gut – it may not always steer you right but know that sometimes mistakes or veering off course are part of your story and will ultimately help to get you where you want to be!

Q: Is there anything else you would like to leave the readers with?  

A: Do you enjoy the work you do? Is this truly what you were meant to do in life? Are you happy in your relationships? Do you wish you had more quality time with your spouse or kids? When was the last time you did something that YOU truly enjoy doing? What do you wish you had more time to do? Give yourself the space to consider these things and then go after what you want. Listen to your gut and tune out the negativity. Whatever it is, YOU GOT THIS. You can do it. You are stronger than you think. You are amazing. You are inspiring. You are freaking unstoppable.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Empowering Financial Wellness

Empowering Financial Wellness

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As the third week of February celebrates National Entrepreneurship Week, it seemed fitting to shine a spotlight on our journey here at ARK Financial Wellness and the transformative impact we seek to have on the lives of our clients.

About ARK Financial Wellness

We are women financial advisors here to help career-driven women navigate the complexities of wealth management while pursuing their personal and professional dreams. We understand that one’s income and savings must be able to support their objectives and long-term goals. However, we also understand being happy and successful is not just about accumulating wealth; it is also about creating a life rich with both purpose and experiences. It is about being able to have enough health, time, and financial confidence to relish in family time, start that dream business, retire early, and so much more. One can have all the money in the world, but with no purpose – there is no real return on life.

Our Mission

Our mission at ARK Financial Wellness remains clear: To partner with and empower individuals, particularly career-driven women and couples, to achieve financial independence and fulfillment. Our approach goes beyond traditional financial planning, with a big focus on attaining and maintaining financial, personal, and professional wellness.

Lisa Avenevoli, CFP®, CMFC, reveals, “I have the honor and privilege to do what I do today and work with our clients here at ARK on a deep level. I get to help people understand what is truly important to them, and understand what makes their life rich so that we can create a plan, mold their financial house, and help them make decisions around what is important to them.” By employing highly personalized planning strategies that embrace our core values of integrity, value-centric, and accountability, we help you to achieve your most fulfilling return on life.

Our Process

The ARK Process is characterized by organization, accountability, objectivity, proactivity, communication, and education:

Organization – We equip you with the necessary tools to help get your financial house in order. Whether you are unsure about your financial standing, seeking to safeguard what you have, or aim to pursue philanthropic goals while optimizing tax strategies and estate planning, we provide the resources necessary to achieve your objectives.

Accountability – We help you uphold your financial commitments by working with you to prioritize goals and regularly review your progress.

Objectivity – We work with you to alleviate emotionally driven decisions by offering timely support at your key moments, and providing the necessary research to ensure you possess all the information needed to make informed decisions.

Proactivity – We empower you to lead a proactive life, both financially and personally, rather than reacting to circumstances. By continually assessing potential life transitions, both expected and unexpected, we help you devise action plans to navigate them successfully.

Communication – We maintain open lines of communication to keep you on course toward achieving and exceeding your goals.

Education – We firmly believe that knowledge is power, serving as your tool for success. Whether through personalized one-on-one sessions, group workshops, or ongoing correspondence via mail or email, we are committed to providing educational opportunities at every turn. The more informed you are, particularly concerning financial matters, the more confident you’ll be in your decision-making process.

What We Do at ARK Financial Wellness

At the heart of ARK Financial Wellness is our dedication to serving career-driven executive women in their 40’s and 50’s who are balancing ALL THE THINGS. For these busy female leaders, this means managing their work team and their home team, raising children, running a household, coordinating schedules and pickups, and caring for aging parents. We recognize the unique challenges faced when balancing career aspirations with financial, family and personal well-being. We understand firsthand the demands of all of this as we work to help more women and their families here at ARK Financial Wellness!

That is why we aim to become a trusted partner for women seeking to take control of their financial futures while pursuing their life dreams. We want to create an environment where individuals can enjoy the present while also preparing for the future. This involves maximizing earnings, ensuring financial security, and adopting a more deliberate approach to saving. We strive to alleviate the burden associated with wealth management, encompassing all aspects of financial well-being from saving for children, creating the ideal retirement, to planning for the unexpected; all with the goal of diminishing stress and fostering peace of mind.

As we commemorate National Entrepreneurship Week, let us celebrate the achievements of other trailblazers, who continue to redefine success and inspire the next generation of female entrepreneurs.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
ARK Blog Post Featured Image

Navigating Your Year-End Financial Review

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As 2023 comes to a close, now is a good time to engage in some financial housekeeping to ensure you are well-prepared for the opportunities that 2024 may bring. This is a busy season for everyone, but putting yourself first by making time for a year-end annual planning meeting is so important to maintain your financial well-being. In this blog post, we’ll guide you through key financial areas to review, helping you close out the year with confidence and set the stage for a prosperous 2024.

   1. Prepare for Tax Season:

One of the most crucial aspects of year-end financial planning is developing effective year-end tax strategies. Take the time to explore potential deductions, credits, or tax-saving opportunities. Ensure that all relevant tax documents are prepared and filed on time. A proactive approach to tax planning can make a significant difference in your financial outlook for the upcoming year.

   2. Maximize Retirement Contributions:

Navigating Your Year-End Financial Review Chart

Be aware that the contribution limits for retirement accounts are increasing for 2024. If you have a direct deposit or payroll deduction set up so that you hit your systematic contribution goals by year-end, you may want to consider increasing that automatic deposit. In 2024, the contribution limits for 401(k) retirement plans will increase to $23,000, up from $22,500 this year. That extra $500 might not seem like a lot of money at first, but overtime that money can grow substantially. Intentionally contributing to your retirement accounts not only enhances your financial security in the long term but also provides immediate tax benefits for pre-tax retirement accounts.

   3. Tax-Loss Harvesting:

Realizing a loss in the sale of an investment isn’t all bad!  If you’ve incurred losses in your investments, this little strategy known as “tax-loss harvesting” may be extremely valuable.  You may use the amount of the loss (up to certain limitations) to help reduce your tax liability in the year of the sale. Tax-loss harvesting also allows you to sell underperforming investments to offset capital gains realized in other investments which can effectively reduce your tax liability. This approach means that your money stays invested and continues making you money.

   4. Define your cash flow and financial goals:

Knowing where your money is coming from and going to, or defining your cash flow, is the foundation of any solid financial plan. Review your 2023 spending and savings habits and determine if there is any room for improvement to set your 2024 financial goals. Pro Tip: In reviewing your expenses, reduce or eliminate those that do not align with your values or what you enjoy doing. If you see one (or many) expenses for things that you no longer even remember you have (subscriptions, for example), it’s time to make that money work better for you! Establishing a detailed plan for each paycheck will help you stay on track to hitting your short-term and long-term goals.

   5. Beneficiary Review:

This last one is not so fun, but completely necessary. Whether or not it coincides with a major life change, it’s a good habit to review your beneficiaries on all financial accounts (investment, retirement, bank) and assets (cars, home, personal property) at least annually for accuracy. This is a critical step to ensure that your assets are distributed according to your wishes. Confirm the accuracy of listed beneficiaries and consider selecting contingent beneficiaries for added security. Additionally, address concerns about the potential tax burden and financial responsibilities that may be left to your beneficiaries with a lump sum distribution.

As we approach the end of 2023, it’s important to conduct a thorough year-end financial review. By preparing for tax season, maximizing retirement contributions, exploring tax-loss harvesting, setting a cash flow plan, and reviewing beneficiaries, you position yourself for financial success in 2024. Remember, we are here to assist you in getting organized and navigating these financial considerations with confidence and ease. Here’s to a prosperous and financially sound 2024!

Conclusion

Maximizing your money requires discipline and a commitment to your financial goals. Remember, the key to maximizing your money is to be intentional with your spending and to make your money work for you. Keep in mind that achieving your financial goals takes time and effort, but with the right mindset and habits, you can achieve the life you want.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
Open Enrollment with ARK

Open Enrollment

0

Most employers have open enrollment sometime between October and December each year. This means it’s your once-a-year opportunity to assess your employee benefits – healthcare coverage, life insurance, stock options, ESPP, 401k, etc. – to ensure you are taking advantage of what you need AND opting out of benefits you may no longer need.

Now is the time to review what you currently have alongside your overall financial plan and any major life changes over the past year, and then fix any discrepancies. Most employees simply check the boxes to continue with the same benefit options as the year before – often due to lack of time to really dig and determine how to best maximize the offerings.

Taking the time to review your employee benefits can end up saving you money, making you more money, and securing better insurance coverage. It seems like a daunting task now, but it’s going to be well worth your time and energy in the long run. Don’t take your benefits for granted! Make sure you are using them to their fullest potential. Working with a financial advisor can help make this process less complicated and organized.

Here are our top tips on reviewing the three most common benefit offerings that most companies provide their employees.

  1. Health Care Coverage

Many spouses double up on health insurance and this isn’t necessarily a good thing. Working with your partner to make sure you have enough insurance coverage, but aren’t overpaying, is the best way to take advantage of your benefits. All these decisions are based off your specific needs, goals, and overall financial plan. Here are some questions to ask yourself:

Do you need more coverage? Or different coverage? Does your company offer a Health Savings Account (HSA)? Have you opted out in the past because you just don’t understand it?

You could be missing out on major tax benefits and other savings by avoiding a more thorough review of ALL options! Of course, with any health care coverage options, it is important to factor in your cash flow along with your medical needs, such as prescriptions, preventative care, urgent care, and provider preferences. Weigh the pros and cons and cost-effectiveness of each offering to make an informed decision.

  1. Life Insurance

Use your financial plan to help determine how much (if any) life insurance you need. From there, consider if it is best to obtain coverage through your employer or outside of your workplace. Are you considering switching jobs or careers? Do you have a history of health issues? Are you planning to retire early, but will need coverage beyond that time? The answers to these questions all factor into the decision on how much you need, as well as whether or not to opt-into any additional employer offered life insurance coverage.

  1. 401k (or other employer sponsored plans)

Be sure to contribute enough to your 401k to at least get your employer match. If you don’t, you’re leaving free money on the table.

This is a good time to review your 401k investment holdings and any new offerings and make adjustments according to your risk tolerance. Again, all of these changes are based on your overall financial plan, which reflects your income, goals, needs, wants, and wishes.

Working with a financial advisor is a great way to make sure you are maximizing all of your employee benefits, and not paying for those benefits that you don’t need. We can help you determine how much to contribute into your 401k, how much life insurance you and your spouse need, and which health insurance plan is best for you.

Reviewing your benefits package on a yearly basis is so important, especially when you are going through major life changes. Doing this can feel confusing and overwhelming, so don’t be afraid to reach out and schedule an appointment. We are here to help!

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.

What else does ARK have to offer?

FIND OUT
ARK Blog Post Medical Bills

Medical Bills

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Paying for Medical Bills

Many of our clients are surprised to learn that when they come into a large medical bill, they do not have to pay it all at once. Often times, there are different options to bring down the price and avoid high interest rates.

Use these tips for lowering your medical bill payments, instead of using a credit card and racking up high interest rates – and unnecessary stress.

Step 1: Review your bill

When you receive a large medical bill, always review it closely for any errors. Compare the bill with your health insurance’s explanation of benefits. If you have any questions, it’s best to call your insurance to settle any uncertainties. Unfortunately, we’ve seen many bills that have been coded incorrectly. In one case, our client was charged three times what they should have been charged for a certain procedure.

Step 2: Negotiate your bill

Everything in life is negotiable, including medical bills. Depending on the type of charge, you may be able to negotiate a lower price and meet your medical provider somewhere in the middle of what you were charged and what you can pay.

Step 3: Set up a payment plan

Once you have determined that your medical bill is accurate and as low as possible, if unable to pay it off in full, consider setting up a payment plan with your medical provider. Many providers offer monthly payment plans at a 0% interest rate. We recommend this route as opposed to putting the bill on a credit card with a much higher interest rate.

Step 4: Consider a medical credit card

If your provider doesn’t offer a payment plan, they might accept a medical credit card. Many of these cards have a 6 to 12-month interest-free plan, so this is a great option if you know you can pay it off while you are still not collecting interest. If not, you can be penalized with a deferred interest rate that can significantly increase your debt and lower your credit score.

Step 5: Hire a professional

Sometimes you just need to outsource. Even if hiring a financial planner or medical bill advocate seems expensive, they can actually help you save money in the long run. They can help you consider even more options like taking out a personal loan, opening an interest-free credit card, or applying for Medicaid and income-driven hardship plans.

Avoiding medical debt only works for so long. After a while, it can catch up to you, harm your credit score, and put delinquent medical debt on your credit record.

Read more about your options for paying off medical debt here: https://www.nerdwallet.com/article/finance/pay-medical-debt

If you have any questions about paying off debt, savings for medical expenses, or just have interest in improving your overall financial health and wellbeing, contact us today at Lisa@ARKFinancialWellness.com.

Disclaimer: 

This work is powered by Advisor I/O under the Terms of Service and may be a derivative of the original. 

The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but are intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax or financial advice. Please consult a legal, tax or financial professional for information specific to your individual situation.

Lisa and Isabel at ARK Financial Wellness

This content not reviewed by FINRA 

ARK Financial Wellness, LLC is an independent firm with advisory services offered through Blackridge Asset Management, LLC, a Registered Investment Adviser. Blackridge Asset Management is an SEC Registered Investment Advisory Firm.

ARK’s YouTube Videos

SECURE Act 2.0 Highlights

What is the SECURE Act? Lisa shares a brief summary of what it is, what the original bill included and how the changes in the SECURE Act 2.0 can help you save for a more successful retirement.

Click here to check out our blog post on this topic.

How to Start Out on the Right Foot in 2023

Lisa shares some questions to ask yourself and your loved ones which will help you to grow financially and personally in the new year.

What is a Fiduciary?

Lisa talks about what a fiduciary is and why its so important to work with someone who is held to a fiduciary standard when it comes to managing your money.

Read more about our Fiduciary Commitment here.

The Financial Future is Female

Traditionally, men have handled the finances. But at ARK, we are finding that more and more women, regardless of their relationship status- Single, married, divorced, widowed – are making the big financial decisions and are managing the day-to-day finances. Watch this video to learn more about the unique challenges and the many opportunities that women have when it comes to our finances. Check out the blog post on this topic also.

Planning for Your Future…and for Your Today

We find that clients sometimes struggle with doing what is needed to save for their future needs and goals, but also having enough leftover to live for today. Watch this video to find out what it means to live for today.

How Much Should I be Saving and Spending at Age 40?

“Where should I be – financially – at age 40?” Or any age for that matter? We get this question a lot at client meetings. While Google and benchmarks can help you get started, they can’t give you the answers you need for your particular situation, lifestyle and goals. Watch more to get tips on how to save and spend your money wisely at any age!

Real vs Fake Financial Advisors

Set the bar high, and do your homework in seeking a Financial Advisor to aid in making crucial financial decisions for you and your family. Get a good understanding of their background, education, experience and services by using free online tools to help you differentiate real from fake Financial Planners/Advisors! 

If you have more questions about this, visit our FAQs page.