Author - Claire Emory, MBA, CFA, CFP®

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Investing Time in Financial Planning Pays Off
2
Study Finds Divorced Women Gain Financial Confidence with Time
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Teachable Moments at Thanksgiving
4
Which Comes First: Student Loans or Retirement?
5
Married? Get into Retirement Planning Before Losing a Spouse

Investing Time in Financial Planning Pays Off

The Motley Fool asked readers “How Much Time Does the Average American Spend on Personal Finance?”  Rather than look at the actual time in minutes or hours, we can say that the answer for many people is: not enough. Using data from the Bureau of Labor Statistics and from Northwestern Mutual’s 2019 Planning & Progress Study, The Motley Fool found that the desire to be financially stable is there but it is not easy to take action to reach out financial goals. 

“When it comes to finances, people were almost 30 times more likely to spend time watching TV …

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Study Finds Divorced Women Gain Financial Confidence with Time

The end of a marriage does not have to mean the end of financial stability: in fact, for some women it is just the opposite. Some women find that having no choice but to take control of their own financial planning gives them a confidence they may have not had before.

Kiplinger.com published “Financial Confidence in Divorced Women is on the Rise,” and included the following insight:

“While 57% of women say that divorce was a wake-up call for them from a financial standpoint, the good news is that things do get better. According to the recent Allianz …

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Teachable Moments at Thanksgiving

As people prepare for the Thanksgiving holiday, some are looking forward to it and waxing poetic about family togetherness while others are just going to try to grin and bear it. Here is another approach: think about the Thanksgiving holiday as a time to help younger relatives prepare for a better financial future. It can be a teachable moment.

Whether it is your own children and grandchildren or your nieces, nephews, and cousins: “As Thanksgiving approaches, you have the ability to influence young people to save and invest now — not to put that off until some later day.” 

This advice …

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Which Comes First: Student Loans or Retirement?

People go back and forth debating whether or not to save for retirement or pay down debt. Both are financial priorities and while it is possible to put some money towards both, some people want to know whether or not to concentrate on one or the other.

In “Here’s why you should make paying off your student loans a priority over saving for retirement,” Washington Post finance columnist Michelle Singletary writes:

 “If you’re struggling under the weight of student loans — human behavior being what it is — pay off the debt as soon as you can …

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Married? Get into Retirement Planning Before Losing a Spouse

Kiplinger.com offered advice for married women who may need to do some retirement planning, mentioning this “sobering reality” – “Most widows feel unprepared to make key financial decisions in their live-alone years.” While it isn’t pleasant to think about death, married people do have to consider they may need to continue without a spouse: not simply emotionally but financially as well. “Thus, it’s extremely important for women to empower themselves with the tools they’ll need to take ownership of their financial future.”

If your spouse is in charge of finances, you need to make sure that you know where …

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