With the start of a new year, I firmly believe that the usual setting of resolutions and aspiration for fresh starts will once again take place and last ohh,… maybe three weeks before old habits reassert themselves in our daily lives. Since investments and that boring money topic with numbers and stuff is almost always pushed off to the tomorrow to do list, I thought numbers will be exactly where we’ll start off this year. Yay!! Why not pour yourself a cup or glass of your f
How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. In some cases, households live without budgets – and because of that financial inattention, some of the money they could save and invest routinely disappears. When you set and live by a budget, you discipline yourself to spend only so much an
As the year comes to a close, was it the year when you suddenly faced the terrifying reality of managing your own finances? Did you become a widow, a divorcing woman, or a smart lady who said to herself, “It’s time for me to get real and start planning for my future.”? Regardless of how you will end this year, now that you need to take charge of your own finances first thing – take a deep breath! Embrace this learning process as a positive and empowering addition to your libr
Do Women Face Greater Retirement Challenges Than Men? If so, how can they plan to meet those challenges? A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization based in Washington, D.C. Studying 2012 U.S. Census data, NRIS found that women aged 65 and older had 26% less income than their male peers. Looking at Vanguard’s 2014 fact set on its retireme
The phenomenon of adult children moving back in to live with mom and dad, or as the coined phrase of “boomerang kids” indicates, isn’t an anomaly your next door neighbor is enduring, but rather a reality many are facing today. According to research done by Twentysomething,inc. a marketing and research firm based in Philadelphia, the rate of almost 85% of grad moving back home in 2016, has steadily increased from 67% in 2006. The first reason for this change can be reasoned by
More women have become the primary wage earners in their households. Generations ago, life and financial roles were cut and dried according to gender. Man: breadwinner. Woman: homemaker. Those stereotypes have, thankfully, shattered. According to the Bureau of Labor Statistics, 38% of women in heterosexual marriages now earn more than their husbands. Thirty years ago, less than one-quarter did.1 The Great Recession of 2007-09 may have contributed to this shift. In June 2010,
A divorce is one of the most stressful circumstances a woman can experience. It can leave you feeling as if some things are beyond your control. Do not let that feeling interfere with your effort to maintain control over your financial life.
Financial planning after a divorce is not radically different than financial planning before a divorce. The basic principles are the same. The big difference comes down to how you start – or rather, how you start over.
After having the concept of Women & Wealth Solutions brew in my head for over 10 years, I finally decided to launch it for real. I knew that I had to map out the process, hire the right professionals to help me in that process, work on the content, and at some point let them own the process while I patiently waited for the result. For once it worked!! After I created the content, my business advisor edited the process, the photographer set up the photo shots, the videographer
Once again I am saddened that aggravation and frustration could have been avoided if only the wife had been engaged in her household’s finances while her husband was still alive. I recently attended an event where while chatting with several colleagues, I learned that a friend of a colleague had recently lost her husband. This savvy business owner proceeded to share with the group the trials and tribulations her friend has endured since this tragic loss took place, ranging fr
After 55, do women think more about retirement than men? One recent survey found that to be true. Fidelity Investments polled 12,000 retirement savers 55 and older and found that, within the past 24 months, 59% of women had seriously thought about when they would retire, as compared to 45% of their male peers.1 What do women enjoy doing once retired? TIAA (formerly TIAA-CREF) tried to determine that as part of its Voices of Experience 2016 survey of recent retirees. Eighty pe