Community Contributor Series: Olya Dadressan

I’m excited to share that our Community Contributor Series is coming back in 2025 with monthly letters from incredible women and leaders in our Sugar Mamas community. 

Each month, we’ll spotlight 1-2 members who will share stories, tips, or expertise to support your success.

Want to share your thoughts with our community? Sign up to be a contributor here >>

First up this year is Olya Dadressan, Regional VP at Primerica and financial expert passionate about helping families take control of their finances and build lasting wealth. 

My dear Sugar Mamas sisters,

As ambitious and fabulous entrepreneurs and high achievers we work really hard to make money, it is my passion and calling to help you all make your money work hard for you. A little knowledge and a little strategic planning can help your dollars go a long way, if you apply some essential principles to the way you manage your day to day finances. 

The beginning of a new year is a perfect time to review and organize the strategy for our finances. Many of us don’t realize that building a predictable financial strategy is simple and affordable on practically any budget and I am here to help you! 

You can schedule a complimentary consultation with me here. 

While financial strategy is not a cookie cutter approach, some things are applicable to most families.

These are just a few of the financial building blocks that comprise a solid strategy:

 1️⃣ Term Life Insurance: for both husband and wife with coverage of 5 to 10 times annual income if you have dependent children 

For example, if you make $80,000/yr, you need $400k-800k coverage and about $250k for non-working spouse. It usually costs between $50-150/mo, depending on age and health.

2️⃣ Emergency Fund: at the beginning save up at least $2,000 in cash in a savings account and overtime grow it to 3-6 months of living expenses in a savings account. You can set up auto savings, moving small amounts from a checking to a savings account on a weekly basis.

3️⃣ Funding 401k or other employer retirement plan up to a match if it is offered to one or both of the spouses through work or starting your own retirement account.

4️⃣ Funding Roth or Traditional IRAs for both spouses INVESTED (not sitting at the bank!) in high-quality well-managed investment vehicles. 

To have a guaranteed financial independence in the future really requires that we invest some time into purposefully creating it. Once we have clarity, we simply automate our most important monthly payments –  investing for our future selves! 

Now is the best time to set up your Financial Strategy review as it is the best time to ensure that we are ready for the new year in terms of taxes, capital gains, maximizing retirement plan contributions, reviewing risk and rewards strategy in the investment portfolios of 401Ks, IRAs, Non-qualified accounts, etc. We want to ensure that each dollar you work hard to make works hard for you in return.

Get a free no-commitment consultations in person and on Zoom about how to:

• Put together a customized, strategic, step by step financial plan
• Analyze your current investments, if you have them already
• Evaluate existing policies and, if needed, get Life insurance
• Start an IRA to save for retirement or analyze your existing IRAs and 401Ks
• Create Debt Elimination plan for debt freedom
• Rollover and consolidate old 401ks and IRAs 

Let’s make 2025 a life changing year when it comes to your finances! 

Schedule a free consultation either in person or on Zoom from the comfort of your home HERE >>

Olya Dadressan
Investment Advisor Representative
Regional Vice President

olyadadressan@primerica.com

https://calendly.com/theanswerers/financial-review