How Much Income Will You Need in Retirement?

  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 […]

Why I Am Passionate About Women’s Wealth

Patti Fagan, Award-Winning Coach for Women

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 […]

Long Term Care Coverage is Financial Freedom for Women

  Retired women typically need long-term care services for 1.5 years longer than men, according to the U.S. Dept. of Health and Human Services. Since the cost for one and a half years of care could add up to $100,000 and more, a retirement plan that includes a strategy to pay for long term care […]

Stop Striving and Be Grateful

  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 […]

Every Woman Has the Capacity to Rule Her Financial Affairs

  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 […]

Do You Have Enough for Retirement?

  According to statistics, most Americans do not. 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute) 40% of baby boomers now plan to work until they die. (AARP) 36% of Americans say they don’t contribute anything at all to their savings. (CNBC) 87% of adults say they are not […]

Baby Steps Toward Financial Freedom

  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. […]

How to go from being a compulsive spender to a compulsive saver

How to go from being a compulsive spender to a compulsive saver

I used to be a financial avoider. I never thought about saving for the future. My thoughts about money revolved around buying things. All that changed back in 2007 when a financial planning firm recruited me to do retirement planning for school teachers. That was when my eyes were opened to the shocking reality of […]

Why I joined the Ultimate Blog Challenge July 2020

  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 […]

Ladies, you don’t have to be a statistic

Planning for lifetime retirement income

  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 […]