MASSMUTUAL GREATER WASHINGTON’S BRIAN HANEY HELPS BUSINESSES AND INDIVIDUALS WEATHER LIFE’S FINANCIAL TURBULANCE
By John F. Stanton
In addition to being Pride month, June is also the month when many couples – gay and straight – tie the proverbial knot and walk down the aisle to get married. But once the honeymoon is over, the newly hitched must face the hard realities of planning their financial futures.
“Effective communication is the bedrock of a healthy relationship, especially when it comes to money,” said Brian Haney, Agency Managing Associate with MassMutual Greater Washington, one of the area’s leaders in the financial planning field. “Money is the number one cause of fights among married couples. MassMutual has long committed itself to helping smooth the often rocky financial road for many new spouses.”
Haney suggests that couples have a deep and serious conversation about finances early in their relationship, in many cases even before they slip the ring on each other’s finger. They should pin down their areas of financial priority and agree on what is most important to them as a team.
“MassMutual advises those just starting out in married life to develop a plan that will first protect you from financial hardship,” said Haney, “and then lets you know how to proceed down the road.”
If a couple has kids, Haney says it’s even more important to have the conversation about money early. “They need to determine how much they will need to avoid sacrificing the lifestyle they want to lead. At the same time, they should also budget so that they are not depriving the kids.”
MassMutual has a long history of support for the LGBT community. Over the years, the firm has built a significant relationship with The Chamber. Its many activities on behalf of the LGBT community have included its sponsorship of this year’s Chamber Pride VIP Lounge.
“MassMutual Greater Washington is a big supporter of the Washington, D.C. marketplace, and the LGBT community s a large part of that marketplace,” said Haney. “We as a company have formed many friendships with the LGBT community”
Although much of MassMutual Greater Washington’s work is with individuals, businesses and organizations are also a large focus of the company. “When it comes to running a business, owners can usually see their firm’s ‘big picture’ in terms of what they do and what they want to accomplish,” said Haney. “However, they often have trouble seeing what needs to be done financially to ensure success. Business owners will often over-leverage themselves, which can lead to difficulties later.”
In most cases, Haney works with owners to plan out the four major stages in a company’s lifecycle: the start-up; growth; maturity; and transfer stages. Each stage includes strategies to handle various aspects of business growth including: risk (guarding against unforeseen crisis); succession (what to do in case of the death or disability of an owner); personal protection (protecting the owner’s investment and providing for long-term needs, including retirement); and employee benefits (providing for employees’ retirement and healthcare needs).
Haney is a Washington area native, growing up in Chevy Chase and attending high school in Bethesda. After graduating from Indiana University, he began his career in the banking and securities industry. Within five years, he took a position with MassMutual, which gave him the opportunity to work across a broad range of the marketplace.
“My goal is to provide the best in customer service, match you to the products you really need, and overall help you feel better about yourself and more secure in your financial future,” he said.
MassMutual refers to Massachusetts Mutual Life Insurance Company. Local sales agencies are not subsidiaries of MassMutual or its affiliated companies.
Brian Haney is a Registered Representative of and offers securities through MML Investors Services, LLC, a member of the MassMutual Financial Group. OSJ 530 Gaither Road, Suite 350, Rockville, MD 20850 301-355-5800. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives, Springfield, MA 01111-0001. CRN201606-183786.
For further information on MassMutual’s products and services for individuals and businesses, please contact Brian Haney at 301-355-5880, or by email at firstname.lastname@example.org.
The Chamber Means Business. For more information visit caglcc.org or facebook.com/CAGLCC. On Twitter, follow @DCLGBTBIZ.
John F. Stanton, a CAGLCC member, is the president of SRP & Associates Inc., a strategic marketing and public relations firm in Northern Virginia.