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Women
Financial-planning needs for women are wide ranging, from juggling career and family responsibilities or finding extra ways to save if they’ve left the work force to care for a young child or an aging parent, to preparing for an average longer life expectancy than men and setting their long-term financial goals.
The Gender Wealth Gap and What That Means for Your Financial Planning
Many people know about the gendered wage gap, but do you know about the gendered wealth gap? The wage gap has remained relatively stable in the United States over the past 20 years or so — on average, women earned 82% of what men earned in 2022. However, the wealth gap appears considerably larger than the wage gap. One study found that the women respondents had just 55 cents in median wealth for every dollar of wealth owned by men respondents.
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International Women's Day: Financial Planning for Women Nearing Retirement
This International Women’s Day we honor women around the world and recommit ourselves to overcoming the challenges women face. One challenge that women may face is planning their retirement – women tend to live longer than men but have less invested for retirement. There is a lot to consider when it comes to retirement planning. For me, it is hard to imagine slowing down. What does grab my attention is the amount of money I will need to have at the time I do want to slow down and retire.
Financial Planning Tips for Millennial and Gen Z Women
After working in the financial planning profession for 15 years and working with many women and couples on their financial journeys, I know that women typically have different needs and challenges when it comes to money.
Four Reasons for Women to Have an Estate Plan
One of the financial planning areas that women often forget, but need to particularly pay attention to, is estate planning. An Estate plan is the legal planning that helps you control who will inherit your money and property, and who can make medical and financial decisions on your behalf if you can’t.
Financial Planning Advice for Female Entrepreneurs
How can female entrepreneurs thrive—and survive—in a start-up business beyond the first decade? To help answer this question, I reached out to female entrepreneurs Wendy Rogers, director of Griffin Investments; and Janice Worth, president of Anushka Spa, Salon & Cosmedical Centre.
Financial Planners for Women: The Best Questions to Ask
CFP Board provides a list of 10 questions you should ask before hiring a financial planners. This article focuses on how to find the best financial planners for women.
New Job? What LGBTQ Women Need to Know About Combining Retirement Plans from Different Employers
In general, you’ll have two ways to combine your retirement plans and ideally increase your savings when starting a new job: Your new company may offer a 401(k) or a 403(b) plan that accepts rollovers. You might choose to roll over your plan into an IRA with a financial services firm of your choice.
How to Tell When You Need a Financial Planner (for Women)
Perhaps you are facing financial challenges but have never worked with a financial planner. Maybe you are asking yourself whether you need help with your finances. CFP® professionals are qualified, experienced, and skilled at working with clients and sharing financial advice during life’s many transitions.
Financial Empowerment Strategies for Women
It’s essential that women be encouraged to vocalize their needs and concerns, and engaged in the management of their financial futures.
A Retirement Guide for Her
Budgeting, risk management and investing decisions allow women to overcome disadvantages they face in retirement, and helps them achieve financial security.
Financial Mistakes Women Make and Other Myths
These five common misconceptions about women’s relationship with money may resonate with you.