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August Women’s Power Hour: Prepare You and Your Family for LIFE.

Welcome to the August Women’s Power Hour! This event brings together like-minded individuals to share knowledge, inspire one another, and support our journey of growth and empowerment. While the insights shared today come from both research and personal experiences, please keep in mind that I am not a financial advisor. The purpose of this event is to provide information and introduce local professionals who specialize in this month’s topics, offering expert guidance tailored to your unique needs.

The following information is covering: 1) Supplemental coverage. 2)401ks, 3)Real-estate investment with local tips. 4)Commodities, IRAs, and Roth IRAs. 5) Websites with interactive budget calculators with download option and other sites to learn form and get free resources. Also, you will find a 'local highlight' under each section for you to reach out to for a free consultation. Followed by a 2-for-1 Bonus Tips for making to the end!





1. Supplemental Coverage

Supplemental insurance provides financial protection for expenses not covered by major medical insurance. Key Benefits: - Policies are affordable and flexible, with options for payroll deductions or direct plans for individuals and families. - Simple claims process with quick payouts through Aflac’s SmartClaim® system.


Disclaimer: *Images and designs are the property of Aflac and used with permission. Unauthorized use is prohibited. The content provided is for informational purposes only and is not financial, legal, or professional advice. Aflac policies vary by state and are subject to terms, conditions, and limitations. Consult a licensed Aflac agent for details specific to your situation. Aflac is not responsible for actions taken based on this information.




Contact Kayla Hebert at 337-707-9228 for a quote or to schedule a consultation. Handling Direct and Payroll Deduction options for small to large size companies. Aflac Products | Aflac

Schedule directly by clicking the link below!


Aflac pays cash benefits directly to the policyholder to cover expenses not covered by major medical insurance, such as everyday bills during accidents, illnesses, or hospital stays. With strong financial ratings, Aflac offers affordable, customizable policies to protect your savings and assets when unexpected medical costs arise. Nearly 60% of Americans face significant medical expenses, and Aflac provides a safety net to help manage these costs. Click links to view short video on the positive impacts of having supplemental coverage can have when times get tough. Katy's Journey with Breast Cancer | My Aflac Story | Aflac (youtube.com) Jennifer's Aflac Story | Real Stories. Real Solutions. | Aflac Insurance (youtube.com) Select a Date & Time - Calendly


2. Managing Your 401(k)

If you have a 401(k) from an old employer, consider your options:

Cash It Out: Provides flexibility but comes with tax penalties if done before age 59½.

Leave It: No need to transfer, but managing multiple accounts can be cumbersome.

Roll It Over: Move to an IRA or your new employer’s 401(k) for continued growth and tax benefits.

Benefits of Rolling Over: Lower fees, easier management, penalty-free access after age 55, and continued growth through compounding interest.


Local Highlight: Elizabeth Hebert, call: 972-785-7762 or visit For Individuals and Families : Sam Hebert Financial Group | Lake Charles, LA


3. Real Estate Investment Opportunities in Louisiana

Explore these unique opportunities:


It's crucial to understand the risks involved in real estate investing and to carefully calculate all overhead costs, such as home repairs, updates, cleaning, marketing, and management fees. Additionally, it’s essential to budget for potential market downturns. Ask yourself: What is your strategy if there is a two-year downturn?


Real Estate Market Trends, Local Tax Laws, and Niche Opportunities in Lake Charles, LA (2025)

Understanding market trends, local tax laws, and niche opportunities is essential for making savvy real estate investments in Lake Charles. Here’s a quick guide to help you navigate the market in 2025:


1. Commercial Expansion Near Westlake and the Industrial Canal

Westlake continues to be a hotspot due to its proximity to industrial sectors. The demand for rental properties among workers is on the rise, making it a prime area for build-to-rent or multi-family developments. Visit: SWLA Economic Development Alliance - Economic Development Home to stay informed about commercial projects and residential needs in these growing areas.


3. Downtown Revitalization and Mixed-Use Opportunities

- Downtown Lake Charles is undergoing revitalization with a focus on mixed-use developments that combine residential, commercial, and retail spaces. This presents niche opportunities for investors interested in developing boutique hotels, retail spaces, or live-work units.

Visit: Map Viewer / City Projects / Lake Charles, Louisiana (cityoflakecharles.com) for details on zoning changes, redevelopment plans, and incentives for downtown projects.


4.Leverage Local Tax Laws for Investment Benefits

- Louisiana offers tax incentives for real estate investments in designated Opportunity Zones, including parts of Lake Charles. Investors can benefit from capital gains tax deferrals and exclusions by investing in these areas. Additionally, the state provides a 20% tax credit for rehabilitating historic properties, which can be highly beneficial for projects in the **Charpentier Historic District**.

Visit: Division of Historic Preservation | Louisiana Office of Cultural Development (state.la.us) which offers information on historic tax credits, while Opportunity Zones Explained: Beginner's Guide To OZs - OpportunityDb provides maps and guidelines for investing in Opportunity Zones.


By keeping these market trends, local tax laws, and niche opportunities in mind, investors can strategically plan their real estate ventures in Lake Charles, maximizing returns and taking advantage of unique local benefits. Success in this industry is achievable, but being well-informed and having a professional by your side is key. A knowledgeable advisor can help mitigate risks, navigate the complexities of the market, and provide strategic options during economic "lows." Proper planning, risk management, and financial flexibility are fundamental to thriving in real estate investing, even during uncertain times.


Local Highlight: Chrissy Hebert, call 337-353-5385 and visit her website: chrissymusgrave.exprealty.com


Why It Is a Good Idea to Meet Both a Real Estate Agent and a Financial Advisor?

A real estate agent helps you find and negotiate property deals, while a financial advisor ensures these investments align with your long-term goals, like retirement or saving for education. Meeting with both is essential for making smart, balanced decisions that benefit you now and in the future.


Tip: Meet with a mortgage broker before connecting with a real estate agent.

Reason: Meeting with a mortgage broker first helps you understand your budget, get pre-approved for a loan, and explore different mortgage options that suit your financial situation. This step ensures you have a clear picture of what you can afford, which in turn helps your real estate agent find properties that match your financial capacity. Additionally, having pre-approval strengthens your offer in a competitive market, as sellers are more likely to consider buyers who are financially prepared.


4. Understanding Commodities, IRAs, and Roth IRAs.

Commodities: Investing in physical goods like gold or oil can diversify your portfolio and hedge against inflation. -IRAs: Offer tax advantages for retirement savings.

Roth vs. Traditional IRA:

  • Roth IRA: Contributions are after-tax, but withdrawals in retirement are tax-free.

  • Traditional IRA: Contributions may be tax-deductible, but withdrawals are taxed as income.

Tip: The Power of Consistent Investing: Investing even small amounts, like $100 a month, in stocks can grow significantly over time due to compounding. Consistent investing is a powerful tool for long-term wealth accumulation.


A financial advisor helps you choose the right mix of funds, avoiding over-diversification while targeting specific goals. Local Highlight: Sam Hebert, call 337-436-7797 or visit Investment Management : Sam Hebert Financial Group | Lake Charles, LA


Insight: By engaging with educational resources and local experts, you’ll be well-equipped to take control of your financial future! The resources below provide printable worksheets and guides that can assist you further in your learning journey.


5. Websites to Learn From:

Explore these user-friendly websites packed with valuable resources to help you grow your knowledge and skills. From budgeting to investing, these sites offer practical tools, free templates, and educational guides. Dive into these resources to get started on your learning journey!


Free Budgeting Tools:

With holiday season just around the corner take advantage of this easy to use interactive holiday shopping budgeting tool; see link in first bullet below!

















Financial Planning & Investing:

  1. Sam Hebert Financial Group: Offers personalized financial planning and wealth management with a range of interactive calculators to help you plan your financial future. Visit: https://www.samhebertfinancial.com/Calculators


  2. Investing - NerdWallet: Provides easy-to-understand resources on investing, financial decision-making, and planning for the future. Visit: https://www.nerdwallet.com/investing


  3. Investor.gov: The U.S. Securities and Exchange Commission's (SEC) website, offering free educational materials and worksheets on mutual funds, investments, and more.

    Visit: https://www.investor.gov/additional-resources/free-financial-planning-tools


  4. Practical Money Skills: Features free printable worksheets and guides on various investing topics, including consistent investing strategies and the power of compounding.

    Visit: https://www.practicalmoneyskills.com/


Understanding Supplemental Insurance:


  • AARP - Money and Investment Advice: AARP provides free worksheets and resources on supplemental insurance and comparing different policies. Scroll down for a range of free calculators and tools.

    Visit: https://www.aarp.org/money/


  • Aflac - Supplemental Insurance Guidance

    Aflac offers free resources and tools to help you understand supplemental insurance and compare various policies. Explore their calculators and educational materials to find the best coverage options for your needs.

    Visit: https://www.aflac.com/individuals/default.aspx


Real Estate Investing: These resources provide a comprehensive overview of Real Estate Investment Opportunities in Louisiana, with insights tailored to specific needs and strategies:


  1. Clever Real Estate | Louisiana Real Estate Market 2024 Trends: Ranks top residential real estate markets in Louisiana based on property values, appreciation rates, and more, offering insights into areas like Downsville and Welsh. Visit: Rental Property Calculator - Most Accurate Forecast (listwithclever.com)


  2. HouseCashin | Real Estate Investing in Louisiana: Offers an analysis of long-term and short-term rental strategies, including the BRRRR method (Buy, Repair, Rent, Refinance, Repeat), population growth, and property taxes. Visit: Learn Real Estate Investing with HouseCashin [2024 Resources]


  3. Nolo | Real Estate & Investment Property: Provides in-depth information on real estate laws, tips for buying and selling properties, and legal considerations for investors. Visit: Real Estate & Investment Property | Nolo


2-in-1 Bonus Tip for Making it to the End!


MY MISSION | PrettyOrganicGirl — A great resource I stumbled upon in my search for chemical-free makeup! They offer a range of organic products with full transparency on ingredients, so you know exactly what you're putting on your skin. It's a fantastic spot for finding clean cosmetics that keep things natural.


Support her efforts by using her discount code {PRETTYORGANICGIRL}! Check out how she built an incredible business through affiliate links and her passion for organic products—very inspiring! Remember, we have the power to make conscious choices. Support brands that care about health and sustainability, and let your purchasing decisions drive positive change! 🌿


Here are two resources that are easy to comprehend and highly effective for learning how to make money with affiliate links that can be matched with your passions:

  1. The Complete Guide to Affiliate Marketing (neilpatel.com): This guide by digital marketing expert Neil Patel provides a simple, step-by-step introduction to affiliate marketing. It c

    overs key concepts like finding your niche, choosing the right affiliate programs, creating content, and optimizing for conversions. Neil Patel’s writing style is clear and accessible, making it ideal for beginners looking to understand the basics and get started quickly.


  2. Affiliate Marketing - SEO Blog by Ahrefs: Ahrefs offers a comprehensive guide that goes beyond the basics to include detailed strategies for finding profitable products, selecting the best affiliate programs, and driving traffic through SEO and content marketing. The guide includes real-world examples and case studies, making it both informative and easy to apply. It's perfect for those who want to dive deeper into affiliate marketing and learn how to effectively monetize their passion.


In Closing... Empower yourself and others by embracing the knowledge shared today. When we lift each other up, we all rise higher together. Share the insights, spread the wisdom, and let’s continue to grow as a community.


Join us Next Month for Septembers WPH 'Explorer’s Edge for Women: Money-Saving Tips, Hidden Treasures, and Travel Insights' September 20th at Creative Roots, where we'll dive into travel tips and cost-saving insights for your next adventure! See you there for another inspiring Women's Power Hour! WPH: Facebook

 
 
 

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