Friday Live with Lynn Kitchen "Let's Talk Money" S2 Ep106

Money Talks! with Lynn Kitchen

Wealth management for women is essential now more than ever.
https://lynnekitchen.com/wealth-management-for-women/
A growing number of women want and need to take charge of their own finances. They want a successful financial journey for a lifetime of wealth, including saving for retirement, putting their family’s finances in order, or helping children manage their financial futures.
It is common for women to rely on advisors to help them navigate complex wealth issues, which are critical to ensuring their financial futures are well-protected and secure. Yet women need to understand more about finances so they can be less dependent on “experts” and more empowered to think critically.
Historically, there still exist many barriers for women to build and maintain real wealth. Pay differences, career breaks, and a need to work flexibly for childcare can all inhibit their ability to accumulate or preserve assets. Bias in the workplace and lack of advancement opportunities are impediments.
Women also tend to have different needs and priorities when it comes to wealth management and require a different type of service than men. For instance, they often need to define specific objectives and then design an investment portfolio that helps them achieve those goals.
The key to success is educating women about the importance of wealth management and investing so they can make informed decisions that align with their unique circumstances and needs. The best way to start is finding a Money Mentor who not only understands financial planning and wealth management but specifically as it applies to women.
Investing is integral to building wealth, but it’s easy to get overwhelmed by all the available options. By defining your goals and creating a plan that supports them, you can gain the confidence to save and invest for the long term.
To do this, it’s important to have a purpose-driven advisory process that helps you clearly identify your objectives and create a portfolio designed for you.
This allows you to focus on what matters most to you while leaving your financial adviser with the tools they need to deliver advice that is appropriate for you.
What about Longevity?
When it comes to wealth management, longevity is a key consideration. Not only does longevity impact an individual’s current lifestyle, but it also affects how much they’ll be able to save in retirement. Women tend to have a longer life expectancy than men. It is vital that they can enjoy that long life with Financial Freedom.
More... https://lynnekitchen.com/wealth-management-for-women/

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