401(k) Contributions Advice

Interview Kathleen E. Owings.

Financial Advisor, Kathleen Owings can discuss the topic of how to go about finding and hiring the right financial planner for your individual or family needs.

Some key points that Kathleen Owings
on 401(k) Contributions:

Before Increasing Your 401(k) Contributions

The first thing I encourage clients to think about before they increase their contributions is how much debt do they still have. Student loans, car loans, personal loans are all too common. So, before a client increases their contributions I ask them to look at the debt to see if those additional dollars can be put towards the debt. If they have the debt under control, then we also look at college savings for their kids. If they have not started a 529 savings account for their kids then that is another place we would look for additional savings.

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Planning Wisely for the Possibility of a Recession

Kathleen Owings, a Financial Advisor and Principal Owners of Westbilt Financial Group, has had first-hand experience of living through a recession at a young age—all the more for making her the wise and successful asset manager she is today.
Talking points that Kathleen Owings can expand 

on her experience of living through a recession:

  • During the summer, some financial analysts predicted a 50/50 chance of America falling into a recession. Over the last couple of weeks, tensions have eased to around 25%. Preparation and protection is essential in the unfortunate possibility of a recession.


  • I have lived through two recessions in my adult lifetime: the Dot-Com Bubble Bust of 2001 and the Great Recession of 2008-2009.


5 Tips for Millennials and Early Retirement

Interview Kathleen E. Owings

They say it’s never to early to start planning for retirement. If the millennial generation is wise, they can position themselves to be in a more secure financial place—affording them a more comfortable life in their senior years.

Talking Points From Kathleen Owings
on Millennials and Early Retirement:

    1. Look at your employment benefits and see how they can be leveraged for greater savings for retirement. Be sure to take advantage of any matches at work in retirement plans to help boost your savings. This can be done today by looking at your benefits book or by talking to your Human Resources Department. Continue reading “5 Tips for Millennials and Early Retirement”