051 – Tammy Symons- Understanding the Financial Impact of The Family and Medical Leave Act

In this episode, KT and Tammy Symons discuss:

  • What the The Family and Medical Leave Act is and how people can use it.
  • Having a cash reserve and understanding if it is enough money.
  • Protecting yourself if you get sick.
  • Understanding the benefits of The Family and Medical Leave Act.

 

Key Takeaways:

  • The The Family and Medical Leave Act is not a paid leave, but it does protect your position, although this does change depending on your company/state.
  • You can take up to twelve weeks in a twelve-month time period to use a medical leave.
  • Understanding what is considered cash reserve. If you cannot easily convert it to cash, it is not cash reserve.
  • The cheaper the insurance policy, the less likely it will protect you.

 

“If your employer does not have a paid medical leave option then, it is important to know what they do offer.” — Tammy Symons

 

Connect with Tammy Symons:

Website:  www.newdaysolutions.com

Phone: 800-834-2101

Email:  tammy@newdailysolutions.com

 

Click here to reach KT  

 

See KT’s interview on C-Suite Network’s Best Seller TV

Connect with KT Thomas: https://ktsmoneymatters.com/

Purchase KT’s book- The Hardworking Woman’s Guide to Money 

 

 

Show Notes by Podcastologist: Jessie Taylor

 

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.

 

 

 

 

About the author, Kathleen

Kathleen Thomas, who often goes by KT, has over 25 years of experience in the financial services industry and understands the need for women to take control of their financial lives.

A Certified Investment Management Analyst, Chartered Life Underwriter, and Certified Financial Planner™ practitioner, Thomas earned her degrees in Finance and Political Science from Salem College.

Prior to founding NewDay Solutions, an independent Registered Advisor Firm, Thomas spent 20 years as a private wealth advisor for Ameriprise Financial Services. Many of her earliest clients continue to work with her.

Thomas is an avid long-distance runner and triathlon participant. She has completed the Boston Marathon seven times and the Ironman Distance Triathlon three times. She has volunteered as coach and mentor for Girls on the Run New Hampshire and Team in Training.

Raised in Newton, Massachusetts, Thomas now lives in Seabrook, New Hampshire, with her husband, John. They have one daughter.

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