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Financial Tips for Women Who Want to Age in Place

Steps to Help You Remain Comfortable and Independent in Retirement
By Kathy Longo, CFP®, CAP®, CDFA
Monday, 23 January 2023

Financial Tips for Women Who Want to Age in Place

After diligently saving and managing your money through your working years, it can be tempting to take your foot off the gas and let your finances take a backseat once you retire. After all, you’ve finally reached retirement – what’s left to plan for? However, for women, who statistically have longer retirements, careful financial planning is crucial if you want to enjoy your retirement in its entirety. This is especially the case for women who are hoping to age in place.

The tips below are designed to help you make the most of your golden years when you want to remain in your home and live independently.

Women, Wealth, & Wisdom

How to Start Taking Control of Your Financial Future
By Kathy Longo, CFP®, CAP®, CDFA
Monday, 09 January 2023

Women, Wealth, & Wisdom

The following content features excerpts from my book, Flourish Financially: Values, Transitions, and Big Conversations.

Several years ago, I was at an industry conference listening to Sallie Krawcheck when the challenges that women face in building their wealth became painfully obvious to me. During her keynote speech, which was specifically about women and their financial planning needs, Sallie asked the audience, comprised of financial professionals, “What’s a woman’s greatest asset?” Immediately, several members of the audience murmured, “A man.”

ESG Investing is Growing - And Women Are the Reason Why

How Women Are Changing Investing for the Better
Monday, 08 November 2021

ESG Investing is Growing - And Women Are the Reason Why

The financial industry has long been dominated by men, but as more women enter the playing field, the very nature of investing is showing a marked shift. Over the past several years, interest in Environmental Social Governance (ESG) investing, also known as impact investing, has skyrocketed - and it’s largely due to women. When it comes to ESG, individuals invest in a business that is providing a benefit of some kind. For some companies, that could be combating climate change, addressing racial inequities, or improving access to education, among others.

According to an article from Bloomberg, ESG assets could reach $53 trillion by 2025. That would mean more than 33 percent of all global assets under management would be considered ESG assets. Women are sending a clear message with their investment choices. Building wealth is no longer the only goal; female investors also want to make an impact on the world around them.

When it comes to ESG, women are undeniably present in every aspect. They are running socially responsible businesses, investing in funds that reflect their values, and lending money to support causes in which they believe. Below, we’ll discuss four ways female investors are leading the ESG movement.

Seven Harmful Myths About Women and Money

It’s Time to Stop Believing These Financial Untruths

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 14 June 2021

Seven Harmful Myths About Women and Money

When it comes to women and money, the relationship can certainly be complicated. However, the reasons behind that complexity are equally stratified and problematic. From dangerous stereotypes about women’s natural inclination for overspending to channeling women away from high-income jobs when making decisions about career choices, the lies women are told about money from a young age can wind up costing us in more ways than one.

Today, I want to debunk seven of these damaging money myths that keep women stalled in the workplace, stuck in negative relationships, and halted in the pursuit of their dreams for themselves and their families.

Financial Planning Tips (and Traps) for Female Executives

How to Navigate Financial Planning Challenges Common to Professional Women.

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 10 May 2021

Financial Planning Tips (and Traps) for Female Executives

After many years in financial services – a business still highly dominated by men – it’s become clear to me that many financial advisors do a disservice to women. They make assumptions, for instance, that women are uninterested in finance – or worse, that they are uneducated about money matters. In my own experience, my female clients are serious about understanding how to make their money work best for them and how it can bring them success in reaching both financial and life goals.

While there’s no such thing as a one-size-fits-all financial plan for women, I have found that successful female executives can benefit from using the tips below – and from avoiding common traps, too.

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