Blog Archives
Invest Like An Olympian
There is no sporting event that I enjoy more than the summer Olympics. The stories of athletes triumphing over adversity, overcoming challenges, focusing so intensely on a single goal, and coming together as a country – I find it all so incredibly inspiring. This year’s Olympic games are no different, and they have me reminiscing on[…..]
Never Let a Financial Crisis Go to Waste
Americans are following the sage advice of Sir Winston Churchill, who said, “Never let a good crisis go to waste.” After flirting with financial disaster in 2020, many Americans are counting their lucky stars, vowing to take a more proactive approach to secure their financial future. With millions of Americans out of work and[…..]
Financial Advisors are Failing the Grade When it Comes to Women
The financial advisory industry is a male-dominated profession with only 23 percent female Certified Financial Planners™ and only 9% of firms being women-owned. You might say that, as a woman CFP® and firm owner, I am somewhat of a unicorn. Unfortunately, the lack of women in this profession has had a significant negative impact. Firsthand[…..]
Financial Infidelity as a Red Flag in Your Marriage
There is a 40% chance that your spouse is cheating on you, financially. A study conducted by Harris Poll on behalf of the National Endowment for Financial Education reported, “two in five Americans who have combined their finances in a current/past relationship admit to committing financial infidelity against their partner.” Financial infidelity means that couples[…..]
I’m Going Through a Divorce – What is My Tax Filing Status?
Filing taxes is complicated every year but when you combine that with the uncertain process of going through divorce, the rules are even more complicated and confusing. Here are three key tax filing statuses to consider as the tax filing deadline approaches: Married Filing Jointly – Use when you are still married You can[…..]
Demographics of the Financial Planning Industry Must Change Before Women Can Recover from Disproportionate Economic Damage Resulting From COVID-19
Women have been disproportionately affected by COVID-19 in many ways, but perhaps most drastically in terms of their finances. Prior to the pandemic, women already had lower net worth, on average, compared with their male counterparts, and now women have reported disproportionately high unemployment. But before women can achieve financial equity post-pandemic, the financial planning industry[…..]
Finding Assets Hidden in Plain Sight
Not surprisingly, assets are often hidden in a divorce situation. There are many motivating factors which might lead a spouse to be mum about all the marital money, some of which may include greed, anger, or feelings of betrayal. For some, the fear of not having enough after the divorce drives the desire to hide[…..]
A Guide to Life and Health Insurance for Women, During and After Divorce
While health and life insurance are not necessarily the most exciting financial topics, the number of individuals Googling the terms has skyrocketed during the Coronavirus pandemic. More than ever, people seem to be realizing just how important health insurance is during this time of COVID, and the benefits of life insurance, if there were to[…..]
Top Estate Planning Mistakes Divorcing Women Make
Divorce is never an easy time. It can be a huge adjustment period for most people, but women, in particular, often find that they are affected most by the financial aspects of divorce. According to a report from UBS Global Wealth Management, 56 percent of married women leave control of major financial planning and investing[…..]
Why Fees Matter
More and more people are turning to financial advisors to guide their financial planning and investment management. These often life-long relationships with advisors usually begin with a discussion of your financial goals, the services that the advisor can provide, and the cost of working with the advisor. While it is important to consider the fees[…..]