Delegating responsibilities to others may lead to problems down the road.
Taking charge of your financial life is important. When you are putting together a household, it isn’t unusual to delegate responsibilities. One spouse or partner may take on the laundry, while another takes on the shopping. You might also decide which one of you vacuums and which one of you dusts. This is a perfectly fine way to divvy up household tasks and chores.
One household task it’s valuable for both partners to take part in, however, is your shared financial life. It’s important, regardless of your level of wealth or stage of life. Counting on one spouse or partner to handle all financial decisions can create a gap for the other partner. Should the one in charge of the money separate, become severely disabled, or pass away, that may leave the other partner in a bind. A situation like that is probably difficult enough without adding additional stress.
Taking Charge of Your Financial Life | Begin the conversation.
If you are the partner who isn’t steering the household finances, ask yourself why. It may be that you have preconceived notions about how difficult it might be to educate yourself to make informed decisions. Maybe you know how to do it, but you would simply rather not be bothered. It’s also possible that you recognize that your spouse or partner has particular expertise in these matters and doesn’t need your help.
Regardless of the reason, it’s probably a good idea that you should at least be able to hop into the driver’s seat, should misfortune strike your household. In that unfortunate circumstance, you should feel confident that whatever the reason or the duration, you won’t have any unnecessary concerns about managing your household’s finances.
For example, what if you have insurance that covers extended care, in case of a severe injury that causes your spouse or partner to be away from work for an indefinite period? How will you be certain that the claim is made? Who will make sure the bills get paid? The job will fall to you.
Taking Charge of Your Financial Life | Getting involved.
The good news is that through communication, regular conversations, and a little effort, you can probably learn what you need to know in order to help yourself in these situations. Part of this, too, may be meeting and getting to know the financial professional who works for your household.
Taking Charge of Your Financial Life | The more knowledge you have, the more confident you can become.
Starting the conversation is just the first step. It may take you some time to become comfortable with taking a greater role in the decision-making, but when you do, you may feel more confident if the responsibility ever falls solely to you.
INVEST WHERE YOU BELONG
With Pearl Hawaii Wealth Advisors, you are guided by a financial advisor with many years of experience. Get guidance to seek the most out of your assets, big or small. Want to save for a dream home? Plan for retirement? Start a nest egg for your child’s future? The possibilities are endless.
MANAGE YOUR INVESTMENTS WITH EASE
When you open an account with Pearl Hawaii Wealth Advisors, you have the ability to manage multiple types of investments. Additionally, you can access your account anywhere and anytime. Partner with a financial professional to understand your unique financial situation. To get started down a path to financial freedom, make an appointment.
A PROGRAM TO HELP YOU PURSUE YOUR FINANCIAL GOALS
Pearl Hawaii Wealth Advisors offers access to a variety of insurance and investment products. The program can provide access to a package of products and services to help you pursue your personal financial objectives… whether those objectives involve saving for a home, providing a college education, or planning a comfortable retirement. Your Advisor – a dedicated career professional carefully selected and trained to serve credit union members – can work with you to help you prioritize your personal financial goals.
For many individuals, achieving and maintaining financial well-being is a lifelong pursuit. A sound strategy involves planning, preparation, and performance.
PLANNING The first, and one of the crucial stages of planning, is preserving your assets, including your standard of living. Insurance programs for individual, family, and business needs generally offer a suitable level of protection.
PREPARATION Some will want to save and invest through diversified investment programs in accordance with set financial objectives. Mutual funds, stocks, bonds, annuities, money market funds, limited partnerships, unit investment trusts and other investment vehicles are tools through which clients are able to address these needs.
PERFORMANCE Once you determine your insurance protection strategy and your assets are invested in accordance with your goals, effective management is an important step to working towards your objectives. Some areas where we can help include tax planning, transfer of assets, and legacy and estate planning.
EXPERIENCE Your representative is an experienced investment and retirement planning professional who wants to help you prepare for the future. Representatives are dedicated to helping clients build financial strength and independence for life through sound strategies.
FINANCIAL ADVISOR SERVICES
- Financial Management
- Personal Financial Assessments
- Financial Planning
- Retirement Planning
- Insurance Planning
- Education Planning
- Investments
- Wealth Management
- Education Funding
- Retirement Income Planning
- Retirement Services
- Life Insurance
- Long-Term Care Insurance
- Disability Insurance
- IRA Rollover
- TSP Transition Assistance
- Mutual Funds
- IRAs
- Annuities
- Stocks & Bonds
- Managed Accounts
Chris Kaminaka
Financial Advisor
Pearl Hawaii Wealth Advisors
Located at: Pearl Hawaii Federal Credit Union
94-449 Ukee Street, Waipahu, Hawaii 96797
PHONE 808.218.6268 | EMAIL chris.kaminaka@LPL.com | TEXT 808.427.2131
Check the background of this investment professional on FINRA BrokerCheck.
*Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Pearl Hawaii Federal Credit Union and Pearl Hawaii Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Pearl Hawaii Wealth Advisors and may also be employees of Pearl Hawaii Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Pearl Hawaii Federal Credit Union or Pearl Hawaii Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.