Legendary Women of Finance
Legendary Women of Finance
In honor of National Women’s Month, we pay tribute to some of the very important women who have made lasting impacts on the world of finance.
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The Great Resignation
Alternative Investments – Luxury Collectibles, A Growing Asset Class
In our new infographic below, we examine a unique alternative investment category — luxury collectibles. Along with the infographic, download our latest article on alternative investments here – https://bit.ly/3gKB4KM
Alternative Investments: Luxury Collectibles as a Growing Asset Class
In the wake of the 2008 financial meltdown and the uncertainty of the global pandemic, investors have increasingly turned to alternative investments. Concerned that traditional stock markets no longer offer reliable capital preservation, many have sought new opportunities. Luxury collectibles, such as fine wine, art, jewelry, and watches, have become popular asset classes, offering low correlation to the market and potential for high returns.
Fine Wine
Investing in fine wine has gained traction as an alternative investment, particularly in times of market instability. After the 2008 crisis, the Liv-Ex 100 Index saw a remarkable 40.5% return. Even more recently, fine wine prices have continued …
Money Tips for Better Relationships
Financial disagreements are a significant challenge in marriages, with research indicating that 70% of married millennial couples argue about money more than any other topic. These disputes can contribute to marital strain and even dissolution. However, couples who approach their finances collaboratively can often overcome these challenges and strengthen their relationship.
Effective communication is crucial for navigating financial discussions. Couples should openly talk about their financial goals, habits, and past experiences, as these factors often shape how each partner views money. Setting shared goals and creating a mutually agreed-upon budget can provide clarity and foster unity. Additionally, regularly meeting to review financial matters, establishing a clear threshold for big purchases, and working together on decisions can minimize conflict and ensure both partners feel involved.
Trust, honesty, and a willingness to update financial plans as life changes are also vital. Couples may benefit from seeking the advice of …
9 Crucial Steps to Ensure You’re Prepared for Retirement
As retirement approaches, it’s crucial to have a plan in place to ensure a smooth transition. The pre-retirement checklist is an essential tool to help you assess how ready you are. By breaking down key elements, you can better understand your goals and progress. Start by determining your goals—consider when and how you want to retire, your desired lifestyle, and where you plan to live. Whether you plan to downsize your home, travel, or enjoy a more relaxed pace, defining these aspects will shape your retirement.
Health insurance, long-term care, and Medicare strategies are also important considerations. Since 52% of people turning 65 will require long-term care, planning ahead is essential. Similarly, understanding your health coverage options and preparing for potential medical costs is vital. When it comes to finances, reviewing your spending and budget is crucial. Assess your current savings and …
Thriving in the Gig Economy
Thriving in the Gig Economy
Approximately 57 million Americans participate in the gig economy. While the gig economy has been around forever, the number of freelancers has increased exponentially. The need for these freelancers and side hustlers to save for retirement is greater than ever.
The gig economy, which includes independent contractors and freelancers, continues to grow rapidly. With over 57 million Americans participating in this type of work, it’s clear that the shift toward gig work is here to stay. While this model offers flexibility and good income, it also presents challenges in managing finances, particularly when it comes to retirement savings, taxes, and insurance. Fortunately, freelancers can take several proactive steps to improve their financial future.
First, gig workers should secure health insurance and consider opening a Health Savings Account (HSA). The HSA offers a tax-friendly way to save for medical expenses, and after age 65, …
Women & Investing
Women & Investing
Women investors face special challenges that make financial literacy and advanced planning especially important. For example, women are more likely to outlive their husbands or have divorce disproportionately affect them, making long-term financial strategies especially critical.
Women face unique challenges when it comes to investing and managing their finances. They often outlive their husbands, which can create stressful situations, especially if the husband has managed the finances. Studies show that many women are not actively involved in financial planning. For example, only 24% of women in their 50s have a financial plan in place. On top of this, women earn less than men and are more likely to take time off for caregiving, both of which impact their ability to save for retirement.
Women also tend to be more conservative investors. This cautious approach can help protect their assets, but it may result in lower returns over …
