Navigating the complex waters of retirement planning for women can often feel overwhelming and daunting, particularly after experiencing significant life events such as a job loss or divorce. However, it's important to recognize that entering this phase also presents an empowering opportunity to reshape and refocus on a future that is tailored specifically to your needs and aspirations.

As many individuals begin to give retirement planning the gravitas it deserves in their 50s, it becomes increasingly indispensable for single women to approach this phase with both strategy and intention. This comprehensive guide is designed to provide you with invaluable insights, practical steps, and expert advice needed to instill confidence in your journey to a secure retirement. By equipping yourself with the right knowledge and tools, you can navigate the intricacies of retirement planning with ease, ensuring a secure and fulfilling future ahead.

A Guide to Retirement Planning for Women in...

When one door closes, another opens – such is the journey of changing careers. Believe me, I've been there. I have experience getting laid off from a job unexpectedly, choosing to make a planned career change, and starting a business from scratch.

As exhilarating as a fresh, professional journey may be, it's crucial to recognize and plan for the financial implications of such a change. In my experience as a financial advisor specializing in career transitions, sound financial planning can make your career change much smoother and more manageable. Today, I will share some key financial tips for changing jobs, and remember, personalized guidance is just a consultation away.

Understanding Your Financial Status

Before you leap into a new career, take stock of your current financial status. This is the foundation of any financial planning and is particularly crucial when contemplating a career change. Your income, savings, expenses, and debts form the pillars of your financial...

Divorce often leads to changes in every aspect of your life, especially your finances. It can be particularly daunting when you have to rethink and re-plan your retirement strategy. However, planning for retirement after a divorce doesn't need to be overwhelming. With the right approach, you can turn this life-altering experience into an opportunity to create a solid, customized retirement plan that works best for your new lifestyle.

Understanding the Impact of Divorce on Retirement

Divorce often results in splitting assets, including retirement funds, which may significantly reduce the amount you had planned to live on during retirement. It can also lead to increased living expenses, as you shift from shared costs to bearing them independently. Both of these changes can profoundly affect your original retirement plan.

Moreover, divorce can have various tax implications, like potential penalties for early withdrawal from retirement accounts or changes in tax filing status....

Navigating the journey to financial independence is never really a solitary endeavor. The complexities of wealth growth strategies and emotional hurdles that often come with becoming financially independent necessitate a supportive system. This support can come in various forms, including financial advisors, mentors, peer groups, and educational resources. In this post, we explore support's multifaceted and crucial role in pursuing financial independence.

Guidance and Financial Independence

In the world of financial independence, guidance is key. The financial landscape can feel like a maze of rules, strategies, and options. A financial advisor or mentor can provide invaluable advice for those striving for financial independence. This guidance can help you avoid costly mistakes and make more informed decisions about your financial future.

Accountability on the Path to Financial Independence

Discipline and consistency are integral to achieving financial independence....

Last week, we surveyed the attendees of our mastermind program to determine the areas of money management where they feel strongest and weakness. Risk management was an area of weakness for many of our attendees. When managing money, risk management is a crucial factor that shouldn't be overlooked.

Risk management refers to identifying, assessing, and mitigating potential risks that could negatively impact your financial situation. Effective risk management can help you protect your wealth and increase your chances of achieving your financial goals. In this blog post, we will explore the importance of risk management in money management.

Identifying Potential Risks

The first step in risk management is identifying potential risks. This involves analyzing various factors that could negatively impact your financial situation. Some common risks include market volatility, inflation, geopolitical events, and changes in tax laws. By identifying potential risks, you can take proactive...

Give Your Budget a Check-Up

We’re in the full swing of Summer, and whether you’re in vacation mode or you’re working just as hard as ever, July is a great time to review your budget. After all, if you created it in January, a lot can change in 7 months, and you want to make adjustments now if you need to. Budgets are fluid documents that are meant to be changed and updated as needed to make sure your money is always working for you.

You don’t need to spend hours and hours pouring over every detail of your budget, but I do suggest taking the five steps listed below to make sure you’re on track to reaching your goals by the end of the year. 

Review & update your budget

If you created your budget at the beginning of the year, now is the time to make sure that it’s still working for you. Are you staying within your budget, or are there some categories that need to be adjusted? With the increases we’ve seen in food and gas prices, many...

With Valentine's Day right around the corner, many of us are focusing on those special people in our lives and how we can show them what they mean to us. And that is certainly important…but I also want to challenge you to do something for yourself.

Self-love and taking care of yourself should be a priority - I'm sure you're familiar with the airplane safety speech…put the oxygen mask on yourself BEFORE assisting others. And that's great advice for other areas of your life too! 

As a financial advisor and money coach, I want to encourage you to do one thing this month that will help you improve your financial wellness. After working with hundreds of clients, I know that financial wellness can significantly impact a person's overall well-being. 

There have been countless challenges since March 2019, and now we're experiencing high rates of inflation and supply chain issues. So this is the perfect time to see what changes you need to make in the new year....

Improving your financial situation is always high on the list of resolutions I hear from my clients. After all, with a mindful eye on your finances, you can build stability for your family and be able to thrive for years to come without worry. (It’s such a hot topic, I created a list of 10 financial resolutions you may want to set for yourself to help in this mission.)

That said, surviving and then thriving takes a little effort in the beginning to get yourself on the right track. Case in point: How many dimes would you have for each person you hear claim that “This is my year”? You may have racked up a few dollars just counting all the times you’ve proclaimed it’ll be your year. And, I mean this gently…. What happened after that proclamation? Exactly. Never fear, these 5 simple steps will help you improve your financial situation once and for all so you can bask in the knowledge that this will be your year for years to come.

Make the Decision

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The holidays are full of emotions whether you’re single, married, newly divorced, remarried, or divorced for a while. That isn’t an exhaustive list by any means, so suffice to say that the holidays can bring up complicated emotions. As a matter of fact, it is immediately after this time when divorce filing rates spike.

Should you be contemplating divorce right now, know that you are not alone. Here are a few resources to help you weather the storm so you can thrive after divorce! In this post, I share links across all facets of my specialties, from Intentional Divorce Solutions and Intentional Wealth Partners. If you’re interested in diving further into their topic, I’d suggest browsing the blogs on those sites, as I have a ton more information, and I couldn’t link to all of it!

Increasing Your Income To Help You Thrive After Divorce

One of the first things I usually hear when I work with couples at Intentional Divorce Solutions is that one...

When you’re starting to invest, it can be overwhelming. There’s a lot of information, industry jargon, and things you can’t control. People talk about the market as a shorthand. If you aren’t in this world day in and day out, you may be missing some things that could help you in the long run. There’s no need to panic or worry, though, because with a little knowledge to get your investment life off on the right foot, it isn’t so scary. 

First of all, let’s give you a round of applause! To some people, investing is such a big concept that they can’t wrap their brain around. They kick the can down the road and avoid the subject. But that isn’t you! You are capable, you can learn, and you’re ready to go for it. Here are a few tips for when you’re just starting to invest that will help you sort through some questions and give you a foundation of knowledge.

Prioritize Your Goals

Prioritizing goals is a big one...