From Nursing to Quantum Healing: A Journey of Compassion and Technology with Saghi Togashi
EmpowHER by SYM Financial Advisors
In this episode of EmpowHER, host Michelle Hipskind sits down with Saghi Togashi, a quantum energy and Reiki energy facilitator. Saghi shares her journey from nursing to computer science to holistic healing. After experiencing challenges in the nursing field due to empathy overload, Saghi transitioned to computer science but always harbored a desire to help others. Her path led her to discover a quantum energy device that merged her technological background with her passion for healing. Through intuitive and compassionate work, Saghi assists clients in raising their vibrational energy levels...
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Empowering Homeownership: Navigating Mortgages and Market Trends with Tina Bennett
EmpowHER by SYM Financial Advisors
In this episode featuring special guest Tina Bennett from Hallmark Home Mortgage, they delve into the intricacies of mortgage debt, discussing factors like interest rates, refinancing, and the importance of seeking guidance from a mortgage professional. Through an insightful conversation and practical advice, this episode empowers people to make informed decisions about their finances and homeownership. About our guest, Tina Bennett: Tina Bennett is a seasoned professional with over 20 years of experience in the mortgage industry, currently serving as a Branch Manager and Senior Vice...
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What you Should Know About the Messy Middle of Life Limiting Illnesses
EmpowHER by SYM Financial Advisors
We live longer but our capacity is diminishing and in practical care giving it’s not always clear who is making the decisions from day-to-day. As a financial advisor, I work with clients everyday who live in the gray space with their loved ones. This is the messy middle, where caring for those who are perfectly capable one day but then slowly diminishing the next is a confounding effort. I am always encountering professionals who enlighten me to better ways to navigate what I call the scary “C”s, caregiving, confusion, chaos, and capacity. – Michelle Hipskind, CFP® In this...
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Strategies for Protecting Your Family with Medicaid Featuring Lindsay Koler
EmpowHER by SYM Financial Advisors
This podcast episode discusses Medicaid planning and how it can be used as an asset protection tool rather than just a last resort. Lindsay Koler, an elder law attorney, explains how Medicaid assessments and proper planning can help couples protect their homes and retirement accounts. She emphasizes getting powers of attorney updated and doing Medicaid planning well in advance of needing long-term care. We look at whether someone needs help with activities of daily living like feeding, dressing, taking medication to qualify for long-term care. - Lindsay Koler This week on The...
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Ensuring Your Pets are Cared For After You're Gone
EmpowHER by SYM Financial Advisors
In this quick but packed full of information episode, Michelle discusses the importance of including plans for your pets in your estate planning. Many households now have companion animals, so it is crucial to consider what will happen to dogs, cats, or other pets if their owners become unable to care for them or pass away. Michelle recommennds speaking with your estate attorney about setting aside funds and establishing guardians for your pets. She also suggests utilizing local animal rescues, shelters, and foster programs that can provide temporary or permanent care for pets when needed. The...
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Understanding Hidden Nuggets within the SECURE Act
EmpowHER by SYM Financial Advisors
We have a quick tactical nugget for you on this latest episode of the EmpowHER podcast. In this episode, Michelle Hipskind focuses on dissecting the changes brought about by the 2019 SECURE Act, with particular emphasis on the elimination of the "stretch IRA," which imposes a 10-year limit for withdrawals for those inheriting IRA accounts. However, the podcast also sheds light on exceptions like qualified charitable distributions for beneficiaries close to 70 and a half years old. "Let's say that you are 65. A parent or an aunt, uncle, someone older than you passes away and leaves you...
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Empowering Young Women in Sports: Life Lessons from Softball with Erin Ehler
EmpowHER by SYM Financial Advisors
Meet Erin (Rethlake) Ehler, head coach of the Huntington University Women’s Softball program. Listen in while she and Michelle talk about the challenges facing young women today and how we can empower them to be independent, confident and successful individuals. Erin speaks with experience having played college softball for a Division 1 program and earned the title of Miss Indiana Softball while in high school. Today, Erin coaches young women in the sport and in life drawing parallels to the education and development Michelle provides women with their money. Hear them talk about the...
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Financial Wisdom Across Generations: Lessons Learned and Regrets Avoided with Rickie Kohne and Laura Murray
EmpowHER by SYM Financial Advisors
In this episode we have an energetic conversation across two generations. Michelle is joined by mother and daughter Rickie Kohne and Laura Murray as they take a look into their personal experiences and insights on financial management. Laura and Rickie share the valuable lessons they learned from their parents, emphasizing the importance of living within their means and prioritizing savings. Both women stress the need for open communication and trust within relationships, acknowledging the role of financial advisors in providing guidance and peace of mind. They discuss the...
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How Much Do I Need to Retire
EmpowHER by SYM Financial Advisors
Michelle Hipskind, CERTIFIED FINANCIAL PLANNER™ and overseer of the Empower Women's Financial Education Program, discusses the question, "How much do I need to retire?" She emphasizes why there is no one-size-fits-all answer and that it depends on factors such as what the retiree wants their retirement to look like, what they can control, and what they cannot control. Other considerations include replacing cash flow, managing debt, accounting for taxes and healthcare expenses, dealing with inflation, and accounting for discretionary expenses. Michelle recommends working with a financial...
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Unlocking the Mystery of Nonprofit Finances: Your Donations' Impact on Operations Uncovered with Carrie Minnich
EmpowHER by SYM Financial Advisors
Carrie Minnich is a Partner at DWD CPAs & Advisors and is in-charge of the Nonprofit Services Team. She earned both a Bachelors degree in Financial Accounting (Cum laude) and a Master of Accountancy from Manchester College. Carrie has been with the firm since 2004 and has been a Director since 2017. She specializes in audits, reviews and compilations of financial Statements for nonprofit organizations. Michelle and Carrie discuss various aspects of non-profit organizations. They delve into types of financial contributions, distinguishing general operations, specific programs, and significant...
info_outlineInheriting Financial Relationships
In this episode of the EmpowHER Podcast, Michelle Hipskind, a certified financial planner, discusses the phenomenon of women inheriting investment portfolios and being dissatisfied with their financial advisors. She notes that 70% of women who inherit responsibilities for an investment portfolio want to switch to someone they are more comfortable with. Michelle provides five important questions to ask a financial advisor to ensure transparency and to guarantee that the advisor is acting as a fiduciary. She emphasizes that it is important to have a good relationship with your financial advisor, and women have the right to ask questions and change their relationship if they inherit one. Empowered women empower other women, and Michelle encourages women to seek financial education and support to take control of their finances.
"70% of women who inherit responsibilities for an investment portfolio are dissatisfied with the financial advisor." - Michelle Hipskind
This week on The EmpowHER Podcast:
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Women who inherit an investment portfolio.
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Questions to ask when hiring a financial advisor.
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Fiduciary responsibilities and compensation.
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Who is responsible for making investment decisions?
Our Favorite Quotes:
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"70% of women who inherit responsibilities for an investment portfolio are dissatisfied with the financial advisor." - Michelle Hipskind
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"In many cases, they want to develop their own relationships and not be forced to use something that they inherit." - Michelle Hipskind
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"You have every right to have a full understanding of what this relationship is, whether it's the person that came with a portfolio, or whether it's someone you're interviewing to begin a new relationship with." - Michelle Hipskind
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"It's in their best interest financially to sell something or to transact something." - Michelle Hipskind
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"It needs to be somebody who understands your situation, has your best interests at heart, and stays engaged in the investment portfolio ongoing." - Michelle Hipskind
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"You have every right to change your relationship if you inherit one. When you do, ask those questions." - Michelle Hipskind
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"Empowered Women empower other women." - Michelle Hipskind
About SYM Financial and The EmpowHER Podcast:
The EmpowHER Podcast is a platform for women to come together to gain financial insight and strategies with a tribe of brilliant women. This show is brought to you by Financial Advisor Michelle Hipskind, CFP ®. Michelle educates on the many important aspects of financial planning and brings in additional professionals that provide advice in their areas of expertise, giving listeners access to the appropriate professionals that can help solve the problems many women face. In-person events are held in the Fort Wayne, Indiana area. In addition to the podcast, local events, webinars and blogs are available for all women who want to be part of the EmpowHER community.
Email Michelle at mhipskind@sym.com with questions, comments, and to schedule a one-on-one conversation.
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