Young AFCEANs Learn About Financial Planning

In April, the chapter's Young AFCEANs hosted a Business Over Breakfast seminar featuring guest speaker Braxton Weimer, a financial adviser with Morgan Stanley, at the Hilton Garden Inn in Montgomery, Alabama. Weimer spoke to a room of service members, civilians and community partners about financial planning. He opened by providing a general overview of investments and the difference between stocks and bonds. Weimer said all money has a purpose and its purpose must be understood to select the best investment options. The investment vehicle selected must match the time horizon when money will be needed. He discussed the building blocks for financial security, such as having three to six months of wages in an emergency fund, acquiring legal documents like a will and durable power of attorney, and reducing high-interest debts. He ended with encouragement to save early and save often. Following the presentation, Weimer conducted a brief question-and-answer session, and audience members networked.

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