Tag Archives: Capital Financial Group

Financial Decisions: Which way do I go?

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Call Bavy today 865.246.1680  to get help with your New Year Financial Goals!


Consider what’s best for your family when making financial decisions

Provided by Bavy U. Lopez, a financial representative with Capital Financial Group, LLC, a MassMutual Agency; courtesy of Massachusetts Mutual Life Insurance Company (MassMutual)

What is the sign of a good decision?®

It’s considering what’s best for your family when making financial decisions.

Although the American family has always been affected by economic shifts, the recent downturn has compelled many to reconsider their roles and relationships, to reevaluate their priorities and, in many cases, to simplify their active lives.

Families, finances and feelings

A recent study commissioned by Massachusetts Mutual Life Insurance Company (MassMutual) and conducted by Forbes Consulting Group in 2009 titled, State of the American Family: Families, Financial Attitudes & Planning, focuses on families and finance.

The vast majority of family decision makers feel strongly about the well-being of their families and make many sacrifices to better the lives of their loved ones. They make conscious choices about things they consider important in their lives – their kids’ education, family and friends, and how they spend time and money. Yet, families are uncomfortably aware that future financial goals often take a back seat to the conveniences and necessities of daily lives. A slumping economy has made them question what they can do to maintain lifestyle priorities while improving long-term financial security.

Family first

A majority of families agree that raising their children is the most important thing in their lives and are willing to sacrifice job advancement to care for their children. They also consider what’s best for their families when making financial decisions.

Many parents want to help their children avoid the mistakes they made and have already begun seeking ways to educate their children about personal finance.

It’s never too early to start saving for college

Family decision makers endorse preparing early for the cost of their children’s college education and for teaching their children about personal finance. They are more likely to pay for college than to expect their children to foot the bill themselves.

The vast majority of parents believe it is never too early to begin saving for a child’s education, but when faced with competing financial demands, good intentions and reality often part ways. Half have started to save for college, and many agree that saving for their children’s education should be a higher priority. Unfortunately, there are still others who know they should be saving for their children’s college education but don’t have the money to start.

Responsible but not ready for retirement

Americans are caught between providing financial support for their children and saving enough money for their own retirement. Perhaps due to declining availability and access to pension plans, most people believe that saving for retirement is now an individual’s responsibility.

However, despite widespread acceptance of individual responsibility for retirement planning, “planning avoiders” say they have too many immediate financial concerns to save for retirement. Of those that are actively trying to save, very few feel confident that they are on the right course.

Do you sometimes feel caught between providing financial support for your children and saving enough money for your own retirement? Are you concerned that you aren’t doing the right things to prepare for your family’s future? Get help – contact a trusted local financial professional to help you assess and address your family’s needs.

To learn more or access helpful materials, speak with a local financial professional and visit www.massmutual.com/families.

© 2011 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001

Air Date 1/12/13: Financial Goals-Captial Financial Group

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Home Ownership Matters Series!  Capital Financial Group: Got Goals?

 Call Bavy today 865.246.1680  to get help with your New Year Financial Goals!

Bavy Lopez joins The Housing Hour to discuss Financial Goals for 2013! This will be the best year to buy…are you ready?

Got Goals? Get Goals with Bavy and Capital Financial Group, a proud sponsor of The Housing Hour!

Five Tips for Your Better Financial Future

Provided by Bavy U. Lopez, a financial representative with Capital Financial Group, LLC, a MassMutual Agency; courtesy of Massachusetts Mutual Life Insurance Company (MassMutual)

What is the sign of a good decision?®

It’s assessing and then addressing what is most important to your family and its financial future.

If you are like many Americans, the recent economic downturn has thrown your family budget for a loop. Many have readjusted their spending habits to such an extent that there is now a new normal. For example, they no longer shop as much as or where they used to; they may indulge in a staycation, rather than a true getaway; and items that were previously considered to be necessities have been relegated to the “can’t afford” or “not needed” category.

If you think these are temporary changes, think again. Many economic analysts feel that these new attitudes are here to stay.

Your personal economy

You probably know someone who has been laid off or personally impacted by these challenging economic times. And even if you have been fortunate enough to remain employed, you may have been affected by the fallout from declining retirement plan balances. And, similar to the changing financial attitudes that resulted from Great Depression, the difficult times resulting from what many now call the Great Recession have forced many families to take a step back and take a long, hard look at their finances—and where they want to be financially in the future.

Tips to help improve your economic future

Here are some tips to help you take stock of your overall economic picture, with actionable steps designed to help improve your long-term financial security.

Tip #1: Determine what is really important.

Take stock of what is really important to you and your family—is the newest electronic game system or cell phone more important than creating a secure financial future?

Start by developing your family’s mission statement. This is easier than it sounds: Simply write out what is important to you as a group. Be sure to include what your long- and short-term goals are, and what you are willing to give up in order to make those goals a reality. Don’t forget that along the way, you may still want to decide what little luxuries your entire family can enjoy (like a video game system) that you want to keep in your budget – since these can help you feel less deprived and even save you money (by keeping you from going out to first-run movies, for example).

Tip #2: Cut back, even if it hurts (a little).

Figuring out what is most important to your family from a financial perspective is a smart move –and a good decision for your long-term financial security. Making even small sacrifices in your spending can help you meet your goals. Look carefully at how you and your family members spend your money so you can identify where you can make small changes to cut back on non-essential expenditures. And don’t overlook the bigger-ticket items you pay for every month, such as your cable TV/Internet subscriptions and car insurance. Making minor adjustments to these items can free up more dollars than you might imagine, and play a significant role in helping you fund your family’s long-term financial goals.

Tip #3: Become a dedicated saver.

If you are like many families, trying to juggle financial priorities can make saving extremely difficult in tough economic times.

Successful savers use the concept of paying themselves first whenever they receive a paycheck. Over time, adopting that one smart move can help you reach your financial goal of saving for a car, a vacation, or whatever is a priority for your family. It’s the sign of a good long-term decision. To help make it easier, check with your employer to see if you can have part of your pay automatically deposited into one or more savings accounts. It can make saving automatic—and nearly painless.

Tip #4: Run your numbers.

Do you know if you are on track with your current disability coverage, life insurance, and retirement savings plan(s)? In other words, will these important items provide you and your family with the amount of financial protection you’ll need – when needed? Don’t wait until it’s too late. Take a checkpoint now to assess their adequacy and make the appropriate adjustments.

Taking the right steps today can help to ensure a better financial future for both you and your loved ones.

Tip #5: Get the help you need.

When it comes to Tips 1 through 4, you may feel you need some assistance. Whether you need help in just one area or all four, start looking at your future through a new lens – one that has your family’s financial goals in focus, with a plan to help you get there. Contact a financial professional to discuss ways they can help you put these tips into action—and your financial dreams on track.

© 2011 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com 

Financial New Year’s Resolution! Got Goals?

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This Saturday on The Housing Hour!

Home Ownership Matters Series!  Capital Financial Group: Got Goals?

 Call Bavy today 865.246.1680  to get help with your New Year Financial Goals!


Five Tips for Your Better Financial Future

Provided by Bavy U. Lopez, a financial representative with Capital Financial Group, LLC, a MassMutual Agency; courtesy of Massachusetts Mutual Life Insurance Company (MassMutual)

What is the sign of a good decision?®

It’s assessing and then addressing what is most important to your family and its financial future.

If you are like many Americans, the recent economic downturn has thrown your family budget for a loop. Many have readjusted their spending habits to such an extent that there is now a new normal. For example, they no longer shop as much as or where they used to; they may indulge in a staycation, rather than a true getaway; and items that were previously considered to be necessities have been relegated to the “can’t afford” or “not needed” category.

If you think these are temporary changes, think again. Many economic analysts feel that these new attitudes are here to stay.

Your personal economy

You probably know someone who has been laid off or personally impacted by these challenging economic times. And even if you have been fortunate enough to remain employed, you may have been affected by the fallout from declining retirement plan balances. And, similar to the changing financial attitudes that resulted from Great Depression, the difficult times resulting from what many now call the Great Recession have forced many families to take a step back and take a long, hard look at their finances—and where they want to be financially in the future.

Tips to help improve your economic future

Here are some tips to help you take stock of your overall economic picture, with actionable steps designed to help improve your long-term financial security.

Tip #1: Determine what is really important.

Take stock of what is really important to you and your family—is the newest electronic game system or cell phone more important than creating a secure financial future?

Start by developing your family’s mission statement. This is easier than it sounds: Simply write out what is important to you as a group. Be sure to include what your long- and short-term goals are, and what you are willing to give up in order to make those goals a reality. Don’t forget that along the way, you may still want to decide what little luxuries your entire family can enjoy (like a video game system) that you want to keep in your budget – since these can help you feel less deprived and even save you money (by keeping you from going out to first-run movies, for example).

Tip #2: Cut back, even if it hurts (a little).

Figuring out what is most important to your family from a financial perspective is a smart move –and a good decision for your long-term financial security. Making even small sacrifices in your spending can help you meet your goals. Look carefully at how you and your family members spend your money so you can identify where you can make small changes to cut back on non-essential expenditures. And don’t overlook the bigger-ticket items you pay for every month, such as your cable TV/Internet subscriptions and car insurance. Making minor adjustments to these items can free up more dollars than you might imagine, and play a significant role in helping you fund your family’s long-term financial goals.

Tip #3: Become a dedicated saver.

If you are like many families, trying to juggle financial priorities can make saving extremely difficult in tough economic times.

Successful savers use the concept of paying themselves first whenever they receive a paycheck. Over time, adopting that one smart move can help you reach your financial goal of saving for a car, a vacation, or whatever is a priority for your family. It’s the sign of a good long-term decision. To help make it easier, check with your employer to see if you can have part of your pay automatically deposited into one or more savings accounts. It can make saving automatic—and nearly painless.

Tip #4: Run your numbers.

Do you know if you are on track with your current disability coverage, life insurance, and retirement savings plan(s)? In other words, will these important items provide you and your family with the amount of financial protection you’ll need – when needed? Don’t wait until it’s too late. Take a checkpoint now to assess their adequacy and make the appropriate adjustments.

Taking the right steps today can help to ensure a better financial future for both you and your loved ones.

Tip #5: Get the help you need.

When it comes to Tips 1 through 4, you may feel you need some assistance. Whether you need help in just one area or all four, start looking at your future through a new lens – one that has your family’s financial goals in focus, with a plan to help you get there. Contact a financial professional to discuss ways they can help you put these tips into action—and your financial dreams on track.

© 2011 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com 

The Housing Hour -Aired 6/23/2012

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Our Guests:

Special guest Terry Adams , Adams Law Firm and Admiral Title, joins The Housing Hour. We will discuss legal issue that effect housing and related industries. Also, Terry talks about his contract negotiating  services for Athletes and Entertainers. Terry has offices in Knoxville and Nashville.

The second segment we will be talking to Bavy Lopez,Assistant General Agent, Capital Financial Group, LLC regarding investment strategies and insurances. Bavy discusses his’3 ‘flavors’ of advisers and describes :Financial Junk Drawers-Paralysis by Analysis-Blood is Thicker than Water.

Our last segment will be be highlighting Clayton Center for the Arts, “Music in the Air” Festival coming up at the Ronald And Lynda Nutt Theatre, June 29th-July1st. Executive Director, Robert Hutchens talks about The Center and its diversified out reach programs.