If you’re a single boomer and find yourself happily or begrudgingly back in the dating scene, it’s only a matter of time before the right person comes along and captures your heart as well as your imagination.
If you’re a baby boomer, you most likely grew up with the notion that men are born with a natural ability to be good at managing money and investing.
Yet another study - this one telling me something I've noticed in my own financial planning practice for several years. According to Prudential Financial's latest study, The Financial Experience and Behaviors Among Women, 53% of the 1,400+ women surveyed are primary breadwinners in their households. The study polled 1,410 American women and 604 American men between the ages of 25 and 68.
Women are taking on the primary breadwinner role for several reasons; because of their partners loss of employment as a result of the financial crisis, as a result of divorce and because women are marrying later in life.
According to the Transamerica Center for Retirement Studies, a measly 8% of employed women feel they are building a sufficient retirement fund. One of the main reasons for this is that women aren't talking about retirement planning.
So to remedy the problem, and based on it's research, the Center for Retirement Studies came up with some questions that family, friends and advisors can ask women to get them started with talking about retirement.
I heard two new great phrases pertaining to money this week. The first was “living below your means” which I wrote about in a previous blogpost after hearing Suze Orman promoting her new Money Class. Living within ones means is now a common phrase, but below ones means? – now that’s a concept that I truly hope goes viral.
The second phrase appeared in an article one of my favorite clients, Eddie M sent me – the phrase is “time affluent.”