Women & Money: The Retirement Income Gap

CBS Local - Boston
September 28th, 2016

retirement-ahead

Ladies, smart retirement planning begins with educating yourself on the unique financial challenges women face in retirement.

This article spells out the most critical factors, such as the fact that women have substantially less income than men in retirement and are much more likely to live in poverty as they grow older.

Contributing factors include:

  • Women live longer than men
  • Women earn less than men
  • Women contribute less to their retirement savings than men
  • Women spend more time out of the workforce to care for others

Divorce and widowhood compound the issues for women. Studies show women are worse off financially after divorce: Men’s finances increase by an average of 10% while women’s finances decrease by an average of 28%. In my ten years of doing retirement planning with women, I have seen this happening more often than not.

Ladies, you can prepare yourself for retirement financial success by educating yourself then making a plan and taking action on that plan.

Every Day a Blessing Day – Book Review

Every Day A Blessing Day - Book Review

Dr. Jerry Savelle is by far one of the most exciting preachers to listen to if you want to build your faith. I’ve been following him for over a decade, and I credit his teachings with pulling me through some of the most challenging times in my life, and helping me turn my life around […]

How to overcome small business owner problems and challenges

How to overcome small business owner problems and challenges

Running your own business is not easy. On any given day a multitude of problems can arise. When they do, who does everyone turn to? YOU. “I think that maybe inside any business, there is someone slowly going crazy.” –Joseph Heller Click To Tweet When a coaching client starts complaining about problems in her business, […]

“One of the reasons the rich get richer, the poor get poorer and the middle class struggles in debt is because the subject of money is taught at home, not at school.” 

Robert Kiyosaki

How Women Do Money Differently

How Women Do Money Differently

Unfortunately, the traditional world of financial planning has done plenty to make women feel incompetent and clueless about money. From excluding women from important financial conversations to assuming women simply don’t care about money, the male-dominated financial industry has systematically put women off when it comes to money conversations. Assuming that women don’t care about […]

“The moment you commit and quit holding back, all sorts of unforeseen incidents, meetings and material assistance, will rise up to help you. The simple act of commitment is a powerful magnet for help.”

Napoleon Hill

Women and Money: How to finally transform your money story

Get instant access to the life-changing money toolkit

Women-and-Money-how-to-finally-transform-your-money-story

Would you rather be a Woman of Influence or a Financial Avoider? According to a national survey, The Allianz Women, Money and Power Study, a Woman of Influence has more earning power than other women, has a good understanding of financial products and is interested in learning about financial matters. “90% of Women of Influence say increased financial involvement […]

“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favour all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamt would have come his way. I have learned a deep respect for one of Goethe’s couplets: Whatever you can do, or dream you can, begin it. Boldness has genius, power, and magic in it!”

William Hutchinson Murray

9 Reasons to Hire a Professional Coach

Why would anyone hire a coach?

If you happen to be one of those people who likes to know what the studies say before you decide to invest in coaching, I think you may find this content helpful. Coaching is one of those things that is difficult to explain. There really are no words to capture the totality of the impact it can have […]

Here’s a Simple Budget Plan I Learned from Daily Worth Founder, Amanda Steinberg

Even women who hate budgeting will love this

Heres a Simple Budget Plan

Yesterday I was on a fabulous conference call on women and wealth. It was hosted by one of my very favorite authors and thought leaders in the field of women and wealth, Barbara Stanny. Her first book, Prince Charming Isn’t Coming is one of the best books on women and money that I have found, which deconstructs […]