What If?

What If?
by Sharlene Jamison

Most unexpected events take place....of course when we don't expect it....

Do you have a plan in place?   Will you be able to maintain your standard of living?

Are you prepared for life's WHAT IF moments?

Preparing a plan can prepare you for the possible pitfalls that may affect your livelihood and, most of all, the way you enjoy living.

Sharlene Jamison, Financial Consultant, of the Meridian Financial Company can help you navigate your future...for the WHAT IF in life.

Scenario:

PLANNING FOR A FAMILY
Samantha and Jerry are getting married.   They have decided to start a family together.   They are both in their mid 30’s with successful careers.   Samantha is an executive director for her company.   She earns $80,000 annually.   Jerry earns 45,000 as a contractor for an electrical company.   They currently reside in a city apartment.

Their decision to start a family has helped them enforce priorities regarding finances and managing risk.   They have decided to protect their income so they could maintain their lifestyle in the event that life’s challenges step-in while planning for their future family.

They’ve decided to get a financial adviser to help create a financial plan to keep them on course, to fulfill their dreams and goals of preparing for their future family, and to protect their income.

Samantha and Jerry are considering raising their children in the suburbs.
Unfortunately, Samantha was terminated from her job one week prior to knowing she is pregnant.   While in her third month she has been informed by her doctor to have bed rest throughout the entirety of her pregnancy due to internal complications.

Concerns:
The ‘What If’ has taken place in their lives.
Did the couple stay on course to protect their income for their dreams?
Did the couple purchase disability income and life insurance protection?
Did the couple follow the advice of their financial adviser?
Can they still run the course of fulfilling their personal financial dreams with this unexpected event?
The ’WHAT IF’ has taken place in the life Samantha and Jerry.
WHAT IF this happened to you...After all, IF is the center of LIFE.

Sharlene Jamison, Financial Consultant, can help you navigate your future for the WHAT IF in life, She offers securities through Cadaret Grant & Co, Member FINRA/SIPC, and is affiliated with The Meridian Financial Company,

The Meridian Financial Company
"Navigating The Future"
90 Lawrence Ave, Smithtown, NY, 11787
T-631-656-8198 - C- 917-670-5994
www.sharlenejamison.com
sjamison@ae.cadaretgrant.com

WHAT IF?

WHAT IF?
 by Sharlene Jamison

Most unexpected events take place....of course when we don't expect it....
What if you are experiencing a divorce in your late 50’s and early 60’s
Do you have a plan in place? Will you be able to maintain your standard of living?
Are you prepared for life's WHAT IF moments?

Preparing a plan can prepare you for the possible pitfalls that may affect your livelihood, the way you enjoy living.

Sharlene Jamison, Financial Consultant, of the Meridian Financial Company can help you navigate your future...for the WHAT IF in life.

Scenario:

STARTING ALL OVER IN THEIR PRIME YEARS

Maryann and Bobby are experiencing a divorce after thirty-five years of marriage.
Maryann never dreamed that she would be starting all over at age 57 after being married for 35 years to her husband Bobby age 59. They both decided to go their separate ways due to irreconcilable differences. They’re both seeking a new love, retirement strategy and wondering how to pick up the pieces in their lives without each other.

Maryann is a school teacher who planned to retire in two years, prior to this unexpected life event.  Bobby is a self employed carpenter, who has never contributed to a retirement plan, due to infrequent business dealings and no concerns for his financial future.

The couple never had children or owned property. They’ve been renting their apartment for years. Bobby maintained the up keep of their residence while looking for odd jobs to use his carpentry skills. They never purchased their own home due the lack of income Bobby brought in from his side jobs. They mainly lived on MaryAnn’s income over the years.  Bobby’s inconsistent income was considered bonus money for the couple who traveled occasionally during summer months.

The cost for the divorce proceedings placed Maryann in a position where she was forced to borrow against her 403B retirement fund to pay the attorney fees. They didn’t have a large savings account. MaryAnn soon to be ex-husband Bobby didn’t come to agreeable divorce terms. Even though there are no marital assets to split other than her 403B retirement account and her possible obligation to pay alimony to Bobby.

CONCERNS:

The ’WHAT IF’ has taken place in Maryann and Bobby’s world in their latter earning years!
Maryann plans to retire in two years has been disturbed…..
The ‘IF’ in life has taken place.

Can MaryAnn and Bobby get on track with their separate lives?

Will they be able to live apart with the reduced retirement account that has been split amongst both of them?
Will they outlive their financial resources? Do they have alternatives?
Can they find a solution to their problem to pick-up the pieces of their lives? Will they be able to retire?

The WHAT IF has taken place in their lives? WHAT IF this happened to you...After all IF is the center of LIFE.

Sharlene Jamison, Financial Consultant, can help you navigate your future...for the WHAT IF in life, She offers securities through Cadaret Grant & Co, Member FINRA/SIPC, and is affiliated with The Meridian Financial Company,
The Meridian Financial Company
"Navigating The Future"
90 Lawrence Ave, Smithtown, NY, 11787
T-631-656-8198 - C- 917-670-5994
www.sharlenejamison.com
sjamison@ae.cadaretgrant.com

Sharlene Jamison

Most unexpected events take place- What IF?

by Sharlene Jamison

Most unexpected events take place....of course when we don't expect it....

What if you are a single parent, the only source of income in your household, and your raising three young Middle School kids

Do you have a plan in place to help send them to go to college? How are you protecting your dreams, in the event there is a job loss? Will you be able to maintain your standard of living?

Are you prepared for life's WHAT IF moments?

Preparing a plan can prepare you for the possible pitfalls that may affect your entire family way of living.

Sharlene Jamison, Financial Consultant, of the Meridian Financial Company can help you navigate your future...for the WHAT IF in life.

Scenario #1

Making Financial Plans During Our Glory Days…

Barbara has high hopes for her children. Although she didn’t attend college, she dreams about sending her children to college.

She was raised in a low income neighborhood and made some poor choices based on her environment. Nevertheless, she has always been a visionary for change. She owns her home and at age 45 a top producer in sales career, earning a high six figure income.

She has been employed by her company for a number of years. Unfortunately, the company has decided to downsize, firing a few employees and Barbara a single mother of three has been selected. Even though her performance and earning are at their peak this is an unexpected event.

Financial Concerns…

Did Barbara have a backup plan?

Did she save during her high income earning years?

Did she contribute to a college saving plan for her kids?

Did Barbara have a plan for this what If moment?

The WHAT IF has taken place in her life? WHAT IF that happened to you...After all IF is the center of LIFE.

Sharlene Jamison, Financial Consultant, can help you navigate your future...for the WHAT IF in life, She offers securities through Cadaret Grant & Co, Member FINRA/SIPC, and is affiliated with The Meridian Financial Company,

Sharlene Jamison - What If?

WHAT IF?

Sharlene Jamison - "What If"? Contributor

Most unexpected events take place....of course when we don't expect it....
What if you became the only source of income in your household because you lost your spouse and your living expenses greatly exceeded your income.
Do you have a plan in place that can help you maintain your standard of living?

Are you prepared for life's WHAT IF moments?
Preparing a plan can prepare you for the possible pitfalls that may affect your entire living standard.

Scenario #1
The Cost of Procrastination....The story of Dick and Jane
Looking at Dick and Jane’s lifestyle it appeared they had a model life always entertaining, lavish cars, a beautiful home and well groomed children. Like many families they had a lot of debt. Jane was concerned about the What If in life....They Understood the need for a financial plan. However, they kept putting it off until they felt finances would get better...that's when the unexpected took place.   Dick, who was the primary source of income, was killed in a car accident.  He died leaving her to raise two young children with no additional life insurance to protect his income and cover their debt.

Like most, he didn't consider that when he left home to go to work that day, he wouldn't return. When, Jane received the phone call informing her that her husband Dick died in a car accident. The reality of her life unfolded.

Jane gave up her career as an attorney years ago, but began working part time over the last 5 years, while raising small children. Dick handled all the monthly living expenses since Jane had no prior experience managing money. Her family lifestyle was in for a drastic change. Jane and the children were left with a big mortgage balance, high end vehicles, substantial credit card debt, and unfulfilled college dreams. Her husband left her with a small company retirement plan and a small amount of life insurance coverage from his job.

That was it. Only a fraction of their lifestyle was covered.
Financial Concerns…..
What should Jane do?

The WHAT IF has taken place in her life.
What will Jane do to pay for her husband’s funeral, manage her substantial mortgage payments, and manage her debit?

How will Jane fulfill their dreams of sending their young children to college?
How will Jane pick up the pieces of her life? Will she be able to maintain the lifestyle she and her husband created?

WHAT IF that happened to you...After all IF is the center of LIFE.

Sharlene Jamison, Financial Consultant, offers securities through Cadaret Grant & Co, Member FINRA/SIPC, and is affiliated with The Meridian Financial Company,

The Meridian Financial Company
"Navigating The Future"
90 Lawrence Ave, Smithtown, NY, 11787
T-631-656-8198 - C- 917-670-5994
www.sharlenejamison.com
sjamison@ae.cadaretgrant.com