Tuesday, November 29, 2011

Welcome to My Blog!

Hi!  My name is Eileen Hawe.  I’ve been working in financial services and personal finance for almost 30 years.  It’s an industry that’s rife with conflict of interest.  I witnessed it first hand and understand the need for basic, clear, unbiased information. 

Have you ever had to make an important decision, looked for help or direction and didn’t know whom to trust?  Or, while sitting across from a financial adviser heard that little voice in the back of your head wonder “what’s in it for him/her?”

I will answer your questions, even the “dumb” ones, clearly and simply.  I will guide you through the rough times, get you back on your feet and help you realize that personal finance is not rocket science. 
I love what I do.  I have a skill which I am happy to share with you.  It makes me feel good; we both benefit. 

Follow my blog where I will post important financial facts on a regular basis.

For example: are you familiar with The Rule of 72?
Take the interest rate you are earning on an investment (a CD earning 2%).
Divide that number into 72 to show the number of years it will take to double your money.  (72/2=36)  Thirty-six years. An investment with a higher return of 6% would double your money in 12 years.  (72/6=12)  Twelve years. Higher returns may have higher risk.

 Also, IRA Conversion:  did you know that this year might be a good time to convert your regular IRA (individual retirement account) to a Roth IRA? Many portfolios have lost money in the second half of 2011 so the taxes due on the conversion may be less.

If these tips have helped you, contact me to schedule a meeting and I will guide you to financial security.