Divorce is an emotional, financial, and draining process. Add to the mix that the tax rules for alimony payments changed after almost eight decades as of January 2019. This rocked the boat for many divorced or divorcing individuals. For those who are dealing with divorce and retirement, it may be helpful to recognize and avoid five financial pitfalls. Some Facts about … [Read more...] about Divorce and Retirement: 5 Financial Pitfalls to Avoid
For Women
Boomer Women and Their Money: A Complicated Past
Here's quite an interesting story that sums up the current state of women and money. It's definitely complicated. Three women who are clearly friends sat behind me on a flight to Tampa recently. I was minding my own business, reading Sarah Smarsh's book, Heartland. It's a book about one woman’s journey to break the cycle of teenage motherhood and poverty here in the land … [Read more...] about Boomer Women and Their Money: A Complicated Past
Early Retirement Offer in Your 50s:
To Take or Not to Take? That is the Question. What would you do if you opened your email today and had a note from Human Resources that you are now eligible for an early retirement package? Would you jump for joy? Feel paralyzed? Think this was an incredible insult? Many women are facing this real situation, especially in their 50s. All of a … [Read more...] about Early Retirement Offer in Your 50s:
Overcoming “Ladies’ Liabilities” in Retirement Planning
For many women, planning for the financial side of retirement falls to the very bottom of their priority list. Not even ironing or cleaning up after a big Thanksgiving dinner is lower on the list. But ignoring the realities of planning for retirement doesn’t make the problem go away, and can often make it so much worse. But, it's time to take charge! Recognizing … [Read more...] about Overcoming “Ladies’ Liabilities” in Retirement Planning
Women Make History for Women’s Retirement Security
It wasn’t all that long ago that women who stayed home to raise their children could not save for retirement. By law. Women's retirement security largely depended on their husbands planning and abilities. Thankfully, that is changing. But, not as quickly as you might think. Initially, IRAs didn't offer women's retirement security IRAs were originally set … [Read more...] about Women Make History for Women’s Retirement Security
