Thank you to Sarah Walter, CIMA®, ABFPSM, of John Hancock Investment Group, for delivering this insightful presentation. We designed Our 2021 Women Who Invest presentation to address the unique financial challenges faced by today’s female investors.
Watch as Sarah takes viewers through several hypothetical and relatable scenarios, providing a handful of financial action items for every investor level. Here’s a peek at the each of the scenarios discussed:
Allison Keyes (28): “I’ve worked hard, and I finally have a good job. My next goal is to buy a condo, but should I reduce my debt first? I’m not sure what will have the most impact and benefit me more in the long run. Should I pay off more on my car, eliminate some credit card debt, or start paying down some of my student loans?”
Sue Robinson (35): “When we found out we were having a baby, we were so excited. Now that it’s getting closer, we don’t know what to do first. I’m not sure if I’ll want to extend my maternity leave, work part-time, or stay at home. Should we look for a bigger home, start saving for college, or get life insurance?”
Andrea Caponi (45): “I married my college boyfriend at 25 and worked for a few years before we started our family. When the youngest started school six years ago, I began volunteering in the public schools and at our local hospital. Fast-forward to now, and my husband and I are in the middle of a divorce. I have the three kids with me most of the time; the oldest is starting college in the fall. Financially, it’s been a huge adjustment, and I need to go back to work. I’ve been out of the workforce for 17 years now, and I don’t know where to start.”
Jenny Wong (55): “My mother was diagnosed with Alzheimer’s two years ago. Recently, she had a couple of accidents in her home, so she’s moving in with us—me, my husband, and my two teenagers. She’s still with it much of the time, but her information is in complete disarray. I can barely keep up with her prescriptions and medical appointments. She’s nervous about her money and not sure how much she has or where it all is. I’m considering leaving my job to care for her full time. I’m worried that my mother may have to go to a nursing home.”
Ellen Anderson (72): “I was a teacher in the public schools for 40 years before retiring with a pension. I was married to my high school sweetheart at 21, and he passed this year, just after we’d celebrated our 50th anniversary. I have my pension, as well as my late husband’s Social Security benefits, and some stocks and mutual funds, but I worry that it won’t be enough. I’m concerned about the rising price of prescription medications and how long I’ll be able to live on my own without assistance. I’d also like to leave a legacy for my three grandchildren, however small it may be.”
No matter where you are in your financial journey, we hope that each viewer can derive action and inspiration from this presentation. If you have any questions, do not hesitate to email thepartners@denverwealthmanagement.com, or call our office at (303) 261-8015.
Ready to take the next steps toward your financial future? Schedule a free consultation with one of our Denver-based advisors today.
DISCLOSURES
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
All investing includes risk including the possible loss of principal. No strategy assures success or protects against loss.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. Please keep in mind that insurance companies alone determine insurability and some people may be deemed uninsurable because of health reasons, occupation, and lifestyle choices.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
The Roth IRA offers tax deferral on any earnings in the accounts. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may results in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.
This information is not intended to be a substitute for individualized tax or legal advice. We suggest that you discuss your specific situation with your tax or legal advisor.
Investing in mutual funds involves risk, including possible loss of principal.
Prior to investing in a 529 Plan, investors should consider whether the investor’s or designated beneficiary’s home state offers state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
All information is believed to be from reliable sources; however, Denver Wealth Management, Inc. and LPL Financial make no representation to its completeness or accuracy.
Sarah Walter and John Hancock Investment Management services are not affiliated with LPL Financial and Denver Wealth Management, Inc.
