As a woman it is equally as important to be well informed on your finances and to have a well-devised retirement plan set in place. There are many obstacles women are forced to overcome that men do not have to encounter. In this episode, Kate Stalter talks about how to plan according to these challenges, how to harness your spending power, and why women shouldn’t be reluctant to invest in stocks. To learn more about how you can prepare for your financial future and stay ahead of the financial market, join your host in this episode of Better Money Decisions.
Show Highlights:
- The financial gap between men and women
- Common stock market investment differences between men and women
- Why men are more vulnerable to impulsive behavior
- Why women have lower risk tolerance
- Staying ahead of inflation
- How work years impact women’s savings for retirement
- Why women should become more involved in monitoring retirement savings
- How to know if you’re working with an advisor who is making investments that are right for you
- The importance of making sure you’re financially stable before you take care of anyone else
- What you should do if you feel like your advisor isn’t right for you
- Identifying tax efficient strategies to talk to your financial planner about
Links:
7 Behavioral Biases That May Hurt Your Investments
https://money.usnews.com/money/personal-finance/mutual-funds/articles/2015/05/26/7-behavio ral-biases-that-may-hurt-your-investments
Boys Will Be Boys: Gender, Overconfidence, And Common Stock Investment
https://faculty.haas.berkeley.edu/odean/papers/gender/boyswillbeboys.pdf
Our proprietary Financial Wellness For Life program
www.https://bettermoneydecisions.com/financial-wellness-for-life/
Register for upcoming webinars and get your no-obligation portfolio review:
BetterMoneyDecisions.com/webinar
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