One of the most common beliefs amongst pre-retirees is that their expenses will go way down once they retire. They believe that because they don’t have to drive to work every day and pay for lunches out, dry cleaning, and gasoline, their expenses will drop. According to this Fox Business article, entitled, Workers are […]
Women face unique financial challenges in retirement that men do not. As a young girl, I watched my grandmother struggle financially after my grandfather left her for a younger woman. She never worked outside the home, which meant she had no assets, no savings, and no retirement income other than Social Security. Unfortunately, she had […]
One morning during my prayer time, God spoke something into my spirit: Be still and stop striving. Stop striving? Isn’t that what I’m supposed to do? Shouldn’t I always be seeking to do more? Am I not to continually be growing and striving to be all I can be and do all I can […]
In the United States, we celebrate Women’s Equality Day on August 26th. But let’s be honest, women are anything but equal when it comes to retirement planning. That is why I get passionate when I see articles about women, money, and retirement. When it comes to funding your future retirement paycheck, I strongly believe […]
Sometimes we do not give ourselves enough credit when it comes to managing money. Because financial planning has traditionally been the domain of men, women are routinely left out of the conversation. We, as women, have been socialized to believe that we should leave the big financial decisions to men. We have been taught […]
Did you know that 50% of women in the U.S. live without a spouse? That number is up from 33% in 1950 and 48% in 2000, according to the U.S. Census Bureau (2015). Eighty to 90% of all women will be solely responsible for their finances at some point in their lives. ~Nat’l […]
Do you find dealing with personal finances overwhelming? That’s okay. Baby steps are allowed. Doing something, no matter how small, is better than doing nothing at all. So stop beating yourself up for not being on top of your finances. We’re all doing the best we can with what we know at the moment. […]
As a financial coach and former retirement planner, I’m very much acquainted with the financial challenges hard-working people face on a day-to-day basis. Even before the pandemic hit, the average American family struggled with their finances. Now, after several months of no household income, the financial future is even more precarious. According to a Northwest […]
I joined the July 2020 Ultimate Blog Challenge, which means I’ve committed to posting a blog on this website every day for the next 31 days. Why on earth would I do that?!!! Over the last few months, while we’ve been SIP, I received several calls from women who are getting serious about planning […]
I came across a survey where two hundred 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 […]