Author - Claire Emory, MBA, CFA, CFP®

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A Fee-Only Financial Planner Can Help You Live Within Your Means
2
Young Adults: Begin Financial Planning Now And Benefit Later
3
Monopoly Offers Lessons On Investing And Financial Planning
4
Retirement Planning After Losing A Spouse
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Do Age And Culture Affect Women’s Financial Planning Decisions?

A Fee-Only Financial Planner Can Help You Live Within Your Means

Financial planning can help you reach retirement goals and keep you from making spending blunders and keep you from developing a lifestyle in which you are constantly trying to make up for spending mistakes.

In “Signs You’re Living Beyond Your MeansYahoo! offers some tough love for those of us who think we are doing just fine but fail to realize that we are overspending.  By their definition you’re living beyond your means if:

  • “You couldn’t survive financially without your job’s income for at least six months.”
  • You’re saving less than 10% of your pay.
  • Your mortgage payment
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Young Adults: Begin Financial Planning Now And Benefit Later

If you think financial planning is for older adults or those who are near retirement, think again. Some older adults have put things in place so they can retire well. Others may be panicking and trying to find a way to make up for a lack of retirement planning…so if you are a young adult, planning now will help you avoid belonging to the latter group when you get older.

Yahoo! published an article entitled “13 Money Lies You Should Stop Telling Yourself by Age 30″ and it gives some good food for thought about the ways you can …

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Monopoly Offers Lessons On Investing And Financial Planning

According to Philip Orbanes, Monopoly championship judge and author of Monopoly, Money and You: How to Profit from the Game’s Secret of Success the game of Monopoly is more than mere child’s play. If you play the game to win and to learn you can gain knowledge about investing and financial planning. U.S. News and World Report published an interview with Orbanes and observed that besides keeping you entertained, the game “may also have taught you valuable lessons on risk assessment, timing and diversification—all useful tools for investing in the real world.”

Negotiation: Children playing monopoly get practice …

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Retirement Planning After Losing A Spouse

CNNMoney observes that retirement planning “often goes by the wayside when your marital status changes” and cites some sobering statistics about what happens when a person divorces or must deal with the death of a spouse.  The loss in income for women after such life events is often steep:

“Women often find themselves especially pressed: Household income drops 41% for women after a divorce and 37% in widowhood, compared with under 25% in both cases for men, according to a report by the Government Accountability Office.”

After Divorce

The article is very blunt: “Forget the house, go for the pension.” …

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Do Age And Culture Affect Women’s Financial Planning Decisions?

The East Oregonian examined a recent Prudential Financial study entitled: “Financial Experience and Behaviors Among Women.” While it is true that ” the need for retirement security cuts across all social, gender and ethnic lines,” the article highlights the ways in which your age and cultural background may influence your financial planning decisions.

When you are examining your finances and working on retirement planning, you need to work with someone who is willing to listen and consider your particular needs: consider a Fee-Only financial advisor.  Fee-Only financial advisors take an ethical, all-inclusive approach to your financial future. They …

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