Women Need to Take Charge of Their Money

Presented by Wendy A. Kouvaras, AIF ®

Many women are in charge of their financial lives, and are proudly so. Some have become their own financial captains as a result of life events; others have always steered their own ships. Even so, there are too many women who are left out of the financial decision-making – some by their own choice.

That may be a mistake. Allowing a spouse or partner to handle financial affairs may predispose a woman to a lack of money knowledge – an education deficit that may allow a couple to slip toward indebtedness one day, or prove economically crippling in the event of divorce or death.

If you aren’t in charge of your financial life, chances are you will be at some point. The National Center for Women and Retirement Research (NCWRR) at Long Island University estimates that 90% of women will eventually be solely responsible for their finances. A recent study from Financial Finesse notes that while women participate in workplace retirement plans to a greater degree than men; just 43% of women had an emergency fund and only about a quarter bothered to rebalance their portfolios with time.

The More knowledge you have, the more confident you can become.

A good first step? Talk with a female financial advisor who recognizes some of the common money myths out there, and who can counter them with realistic approaches to saving and building wealth for retirement. Don’t be afraid to “pay yourself first” and embrace some risk in investing –over time, the rewards may far exceed the degree of risk you take.

To help you take that first step, I am currently offering a free, no-obligation consultation. Don’t procrastinate contact me today.

Wendy A. Kouvaras is President of ETHIX Financial Group located at 849 White Willow Lane, Brunswick, OH 44212. She offers securities through Sigma Financial Corporation, Member FINRA/ SIPC. Advisory services offered through SPC, a registered investment advisor. ETHIX Financial Group is independent of Sigma Financial Corporation.


Support the Body’s Natural Healing Abilities

Achieving a physical/spiritual/emotional balance can be enhanced through the natural healing energy of Reiki. In our universe is a vital, living energy force that can be used as a tool for health and healing. For over 2000 years this energy, sometimes called Chi, has been utilized in both the martial arts and in the healing arts. In the early 1900s, Dr. Mikao Usui of Japan developed The Usui System of Natural Healing, or Reiki (ray-kee). Maggie Kimble, licensed massage therapist and Reiki Master, trained in the Usui system, can introduce you to this healing energy through individual sessions or training classes.

A typical Reiki session involves gentle or no touch. Clothed, you either sit in a chair or lay on a massage table, while the Reiki practitioner places their hands on or near your head, shoulders, torso, stomach, back, and feet for approximately 3 to 5 minutes at each position. The Reiki energy will flow to where the body needs it the most and can accelerate your own, natural ability to heal the mind, the body and the spirit.

Maggie teaches three levels of Reiki training so that you, too, can be attuned to the healing energy. Your training could be used to help yourself or to help others. To learn more about Reiki healing, Reiki training classes or to schedule an individual appointment with Maggie, you can contact her at 440-655-3927.









Provided By Katherine M. Carp, Financial Advisor

When we invest our hard earned, hard saved money we tend to be emotional. It may be impossible to make unbiased investment decisions when a person is overwhelmed by sentiment. I believe investing requires the use of a soulless barometer; a system that takes the emotion out of investing. Don’t take this comment as a justification for procrastination. Nothing, in my opinion, is gained by procrastinating–important fi nancial decisions need to be addressed in a timely fashion!

The right professional financial advisor could help provide clear, objective advice, bringing the focus away from emotion toward prudent guidance. Major life transitions add an inflow of emotions that can side track us from our financial goals. What constitutes a Major Life Transition? Marriage…divorce…loss of a loved one…retirement…– an emotional event in your life that brings you to a cross roads. It is my mission to help steer you towards your financial objectives.

Did you know that financial matters are the most common source of conflict among American Couples.¹ Unexpected expenses, mounting debt, problems stemming from inadequate savings, and the inability to prioritize needs versus wants are just a few of the financial issues that can put stress on a relationship. Do you know how your philosophy on saving and spending differs from that of your partner? Do you know if he or she has good or bad financial habits? Answering these questions now can help prevent stressful moments down the road, while establishing a budget will help you visualize the answers to some of these important questions.

Once a budget is implemented, it’s time to discuss and plan your financial future with a trusted financial advisor; one that can help you see passed the excitement of your marriage plans to objectively map your future finances. Where do you see yourself in 10, 20, or 30 years? Are children in your future? Do you have an emergency fund in place? Is it time to start saving for a down payment on a house? Have you already set up retirement accounts? I will take your hand and walk you through the process and help you put your investment goals in writing. You will determine your needs and establish your risk tolerance. I will provide the medium to meld your goals with forensic investing, thus eliminating subjectivity from the decision making process.


Today, we are faced with longer life expectancies and a continuous rise in the cost of living. One out of every four 65 year olds today will live past the age of 90.² This may create a fear of outliving retirement savings and a need to stretch retirement assets to cover a longer time frame. For some, it gives us a reason to put off planning for retirement because we don’t want to deal with the possibilities. Again, don’t use this as a reason to justify procrastination. Break through this paralyzing fear by discussing what you expect from retirement with your trusted financial advisor. Let your consultant replace your fear with serenity by prioritizing your goals, discarding notions that don’t serve you well and by utilizing all of the resources available. Now you may be able to maneuver through the investment maze and begin the process of planning for a retirement on your terms.

The emotions that well up in us as we experience major life transitions may be detrimental to the purpose behind an investment plan. Forensic investing may help strip away the emotions and looks at the facts. Do you have a source of forensic investing in the form of a trusted financial advisor? Value is one of the most critical components in selecting and maintaining a financial advisor. In other words, does the financial advisor add a competitive advantage? Do they meet your goals and objectives?

At Stifel, I begin developing a trusted relationship with my clients by creating a risk profi le for each individual to establish the critical parameters for goals, objectives, and risk tolerance. From this profile, I tailor a portfolio to conform to your unique set of circumstances.

One person cannot be the best at everything. To potentially succeed we need to build a quality team that includes you, me, and Stifel. You have an integral role to play in this team. Together, we have the power to plan and prepare a durable investment strategy.

Katherine Carp is a Financial Advisor with Stifel, Nicolaus & Company, Incorporated,
member SIPC and New York Stock Exchange, and can be contacted in
the Westlake, Ohio office at (440) 250-1630.

1 Per a survey from the American Institute of CPA’s
2 Per the Social Security Administration

Stress Affects Men and Women Differently… Which Can Pull Some Couples Apart

Depending on your gender, it seems that different survival skills kick in during stressful situations. Men tend to become more introverted, while women become more empathetic or “pro-social.”

“One recommendation for protecting your emotional resilience is to let off steam by staying active together,” says Cleveland Clinic Wellness fitness expert Melissa Hendricks, MEd, ACSM-HFI, ACE. Walking, swimming or playing golf together helps relieve stress. Better yet, says Hendricks, “doing an activity together is sure to boost spirits and build stronger bonds.”

Looking for a way to say how much you care about someone you love? Try planning an activity that will get you both up and moving — together! Regardless of whom your loved one is, doing an activity together is sure to boost your spirits and build a closer bond. Studies have found that when you work out with a partner or in a group you are more likely to adhere to an exercise program and enjoy it more! Having that social interaction takes the pressure and stress away from the exercise, and it makes the time go faster. Not sure how to get started? Try one of these activities:

Go Biking: Whether it’s just a trip through the park or a 30-mile ride, biking is a great way to stay active and spend time together. Cycling is also a fantastic cardiovascular activity, which can help lower cholesterol and blood pressure.

Take a Hike: Find a nearby hiking trail and go exploring! This activity can be a great way to bond with a partner or a child and, if you keep up a quick pace or tackle some hills, it can be a terrific cardiovascular workout too.

Play Sports: Grab a basketball and play a little one-on-one, throw the baseball or football around. Sports help build and maintain good eye-hand coordination and improve reaction time. Playing any sport is sure to bring some laughs and friendly competition and boost your mood!

Sign Up for a Class: Whether its yoga, line dancing or training for a 5K, taking a class together will allow you both to learn new skills and reach a goal together. That sense of accomplishment is great for your relationship and your self-esteem. The Medina area offers everything you need to de-stress your life. From the great biking and walking trails in the parks to the sport courts and group fitness classes at the Medina Community Recreation Center, you can find activities to make your life healthier and your relationships happier.

*This article was reprinted from clevelandclinicwellness.com