Another new Dish Blogger - Kathleen Burns Kingsbury

Welcome to our newest Women's Dish blogger - Kathleen Burns Kingsbury.  Kathleen is the founder of KBK Connections Inc., where she coaches and trains financial advisors, healthcare providers, sales professionals, entrepreneurs and corporative executives on how to effectively overcome roadblocks to attaining financial success. She is currently writing a book on the topic of money coaching and maintains the Women and Money: Where Chicks Make “Cents” Blog. She'll be blogging for us about women and finance. 

Have a finance question?  Add it in the comments below, and it could be fodder for a future finance posting by Kathleen!

Comments

[Leanna Hamill]

Glad to see that Kathleen will be blogging here!

[stacey]

Welcome Kathleen. Looking forward to reading your posts!

[Kate Hutchinson]

I have a finance question. From 2 jobs ago I had a state pension, grand total around $2500. It was supposed to be rolled over to my next job's retirement plan, but I recently discovered that they never did that. After tracking down the location of my $2500, I'm now trying to figure out, what's the best way to put this money to work for my future? I'm only 27, but I'd like to have enough to travel on when I retire.

Thanks,
Kate

[Kathleen Kingsbury]

Kate,

As a new Dish blogger, I did not see your comment and Nancy was nice enough to let me know you had left it.

I am not qualified to answer your questions as I am not a financial planner, but a money coach that deals with roadblocks – emotional and practical that get the in the way of people’s financial health. Therefore, I consulted with a colleague to answer your question and here is what Bill Harris, Certified Financial Planner from WH Cornerstone Investments had to say:

It is likely you will be responsible for close to 100% of your own retirement funds and it will be expensive. It is important to save as much as you can as soon as you can. You might consider opening an IRA account for your $2500. You can do that at most local banks or you could open your own brokerage account at a broker such as Fidelity, Schwab or TD Ameritrade. Some firms may have minimums to open the account. You have a long time horizon before retirement so if you are comfortable you might want to take on a bit more risk with your investment choices.

If you want to contact Bill for more advice, he can be reached at 1- 88.797.9009.

Thanks for the patience!

Kathleen

P.S. Nancy – is there a way to post this response? I am still working on a learning curve!

Kathleen
KBK Connections, Inc.