Category: Get Smart

Just because we’re experienced and savvy doesn’t mean we can’t keep learning, right? Together, we get smarter!

Financial Myth Busting Series

Published in: Blog, Get Inspired, Get Smart |

At The Humphreys Group, it’s no secret that we revere the many ways women today are breaking through gender stereotypes. Lately, we’ve been especially fascinated by stereotypes that permeate discussions about women and money. These phrases probably sound familiar: “Women aren’t interested in investing. They lack confidence about their financial decisions. When women do invest, they’re too risk averse.” By and large, these – as well as many other commonly accepted notions in finance, by the way – are all myths.

That’s why we’re going to spend the coming weeks busting myths about women and money and shining a light on the data that disproves them. We’ll also share what we’ve learned from our work with clients, and offer some thoughts on what we can all do to re-direct the conversation from myth to truth
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Equifax data breach: What to do now

Published in: Blog, Get Smart |

Dear Friends,

By now you may have heard that Equifax, one of three companies that provide credit reporting, has experienced a massive data breach.  Equifax is providing an online method to determine whether your data has been compromised but based on the statistical probability, we strongly recommend that you assume your data has been breached and take action accordingly.

The website for the Federal Trade Commission (FTC) provides straightforward and helpful information as to what to do.  There are many good articles online with details about the breach but this is a good place to start.

https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do

Based on the FTC information and other reading, we strongly recommend that you do the following:

Read the FTC blogpost – this website provides good guidance and all the information you will need to take action.

Check your credit reports – this will require that you enter personal data which can be unnerving, but the link provided on the FTC blogpost is legitimate.

Place a credit freeze on your credit files with all three companies – again, the FTC blogpost provides a FAQ and the phone numbers to contact the three companies (Equifax, Experian and TransUnion).  I placed a freeze with all three companies this morning and each took 5-10 minutes and all were automated.

  • Equifax – there is no charge with this company (likely waived due to their breach); a PIN will be assigned to you; you will receive a confirmation number; both will be sent to you following the call.
  • Experian – $10 fee which you will pay with a credit card; a PIN is not provided during the call but will be sent to you following the call.
  • TransUnion – $10 fee which you will pay with a credit card; you choose your own PIN; confirmation will be sent to you following the call.

This freeze will remain in place until you decide to remove it. Keep in mind that if you decide to apply for a credit card or mortgage in the future, you will have to lift the freeze temporarily in order to do so. Be sure to securely save your PIN. You will need it to lift the freeze.

It is always alarming when a large financial services company reports a data breach, and this is a big one.  We strongly recommend that you take the time now to protect yourself.

Please don’t hesitate to call with questions or concerns.

Best regards,
Diane
 

The Importance of Immigration

Published in: Blog, Get Smart |

Immigration has long been a political challenge and the issue has only become more of a lightning rod since the election. But politics aside, what are the considerations? You may be interested to read this article by Dr. David Kelly, a favorite strategist from JP Morgan, that takes a close look at the economics of immigration. It’s impossible to predict the political outcome – but in the meantime we can think about the possible economic implications.

Strategic Vision

Published in: Blog, Get Smart |

Without leaps of imagination, or dreaming, we lose the excitement of possibilities. Dreaming, after all, is a form of planning.

-Gloria Steinem

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