Women’s Equality Day was August 26th, but many women are stilled being paid less than men. This is one reason why I believe women need to create financial wellness by making their money work hard for them. A great article was published on Bankrate.com: 5 Investing Resources for Women (read it here) that I think […]
Anyone who knows me pretty much knows that I am all about positive thinking. In fact, one business mentor of mine told me that I bring BLISSFULNESS into the room with me. That’s just who I am. But that’s not who I was thirteen years ago. Back then my life was completely miserable. I […]
When it comes to living a long life, I have good news and bad news. The good news is that women are outliving men. The bad news is that it’ll cost more money to fund a longer retirement. Longevity is the greatest retirement risk for women and that is compounded by the ever-increasing cost of […]
David Bach, the author of Smart Women Finish Rich coined the term “Latte Factor” to represent the missed opportunities to build wealth due to habitual unconscious spending on things like unnecessary daily coffee drinks. Have you ever stopped to think about how much money you could contribute to retirement savings each month if you really […]
Here’s a very well written article, 3 Reasons Women Should Save More Money, that spells out the challenges women face when it comes to saving for retirement. The author goes even deeper into explaining how these challenges keep women coming up short in retirement account balances by sharing hypothetical scenarios to illustrate the point. […]
If you’re a baby boomer woman and you feel like you’re behind in your retirement savings, you are not alone. According to The Allianz Women, Money and Power Study (2007), 62% of women wish they had done more to prepare for their retirement. More than half (55%) wish they had saved more money and […]
In a recent survey, two hundred and forty-six women, age seventy and younger, who became widowed within the past five years were interviewed. These women owned assets of $50,000 to $1 million. This survey was completed for the Women’s Institute for a Secure Retirement (WISER) and funded by the American Council of Life Insurers. Among […]
This week on the blog, in honor of Teacher Appreciation Day, I’m sharing some of my favorite teacher quotes. My work in the financial services industry became immensely meaningful in 2008, when I first started doing retirement planning for school teachers. I had the honor of facilitating Lunch ‘n Learn workshops for educators at […]
I can’t help it, but I cringe when I hear a woman say that she doesn’t handle the money in her household because her husband “takes care of all that stuff.” I even had one woman say to me, “Money just isn’t my thing, Patti.” I get it. There was a time when […]
Thirty-three percent of Americans have nothing saved for retirement. Fifty-six have saved less than $10,000 for retirement. In 2003, the United States Senate declared April Financial Literacy Month. That’s because there’s a huge need for people to get wise about finances. They need to learn effective strategies to prepare for retirement. Financial literacy starts with […]