Women Building Wealth

By Ann D. Blakey, CFP®

If you’re a single female, you may assume retiring early is out of reach for you. Your income needs to cover all your household expenses, leaving less for savings. And, if you are like many women, you may have taken time out of the workforce for family needs.  That’s just one reason why you may have earned less over your career than a man who remained in the workforce. Whether you want to stop working entirely or leave a more lucrative career to pivot to a second act, here are five things to keep in mind.

By Ann D. Blakey, CFP®

The coronavirus crisis has sparked a serious recession in the U.S. economy. Since March, we have experienced volatile stock markets, shuttered businesses, skyrocketing unemployment rates, and government intervention to alleviate the devastating effects of this recession.

But what about the effects specifically on women? Unlike past recessions in which women have made major contributions to economic recovery, the pandemic has erased years of economic gains for women and is poised to leave lasting economic scars.

We happily announce that our financial planning practice is expanding to focus on the holistic planning needs of women. We are excited to share our colleague, Ann Blakey, CFP®, will be leading this initiative.

By Ann Blakey, CFP®

We all face challenges when it comes to earning, saving, and investing money. But there are differences in the challenges and tendencies that men and women face with their finances. By understanding those differences, we can all make more informed decisions with our money.

By Maura C. Schauss, CFP®