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ALUMNAE EVENT RECAP
A L U M N A E E V E N T Event RECAP
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W O M E N & I N V E S T I N G A L U M N A E P A N E L R E F L E C T I O N
The Alumnae Council hosted its first educational panel in January in Bethesda, MD on Women and Investing. The discussion featured three panelists: Giselle Cruz Colavita ’96, Sarah Novak Nesbitt ’00, and Jaci Appel ’00 from different industries including financial planning & investment, family law, and real estate. Liz Palka Minukas ’04, did an excellent job posing questions to initiate an engaging discussion.
IMPORTANT TAKEAWAYS FROM THE PANEL:
1) INVESTMENT & FINANCIAL PLANNING
a. Let your money work as hard for you, as you work for it. b. Investing doesn’t need to be complicated and there’s no better time than now to have a blended portfolio. c. If you’re interested in getting started in investing your money, look for a firm like Charles Schwab who employs salary-based financial advisors.
2) FAMILY LAW
a. There are three documents everyone should have today regardless of your age: i. Your will would make it faster and easier for your family to gain access to your assets upon your death. A will can start as general and get more specific over time. ii. A living will (now known as “Advance Medical Directive”) is necessary in case something happens that requires someone else to make a medical decision for you. The living will can incorporate a decision maker, specify consultants, and specific treatments you may want. iii. A power of attorney when you are unable to make decisions for yourself, this allows an individual to be appointed you guardian and have access to your accounts and assets.
3) REAL ESTATE
a. Is putting down 20% a myth? i. Putting down 20% for a house is obviously great but it’s not required. b. If you’re getting ready to purchase a house, start with understanding how much you can afford and go see multiple lenders. You’ll want to see who has the best products/loan to offer. Seeing a lender is a necessary step so that the real estate agent can show you homes that you can afford to buy.
The panel was also streamed on Facebook Live for those who weren’t able to be there in person. We encourage everyone to attend the next panel which will be announced soon. Thanks to Holy Child, we have an incredible network of women with the confidence and work ethic that is hard to come by in the workforce today. Please help support these events and give the future Holy Child alumnae something to look forward to after graduation!
