The $140,000 Latte

How little things add up over time

  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 […]

Why Should Women Save More Money?

Patti Fagan, Award-Winning Financial Coach

  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. […]

Baby Boomer Women Wish They Had Saved More Money for Retirement

Women & Money Blog

  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 […]

Wives, You don’t have to be a statistic

Wives, You don’t have be a statistic

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 […]

Inspiring Teacher Quotes in Honor of Teacher Appreciation Day

Inspiring Teacher Quotes - blog post by Award-Winning Financial Coach Patti Fagan

  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 […]

We need to fix the money thing!

April is National Financial Literacy Month

April is National Financial Literacy Month

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 […]

How our retirement system discriminates against women

Ladies, Here’s an eye-opening article that talks about a major financial crisis we face as women. According to studies, we have a greater chance than men of living in poverty due to financial challenges that impact retirement savings. The article does a nice job of listing the key factors involved. Such as the longevity issue: […]