As the antiquated saying goes, ‘A penny earned is a penny saved.’ Nowadays, a penny is not worth the impression on the metal. The value of a dollar isn’t nearly what it used to be, making matters for women in particular very difficult in their later years if they haven’t planned properly for the days ahead.

 

It is an unfortunate statistic that after retirement, many women outlive their husbands at an alarming rate. Some of these women have the misfortune to find themselves in horrific situations due to lack of financial planning for a host of reasons.

 

The importance of women learning to overcome the fear of money, investing and retirement planning is paramount to their future wellbeing and sound financial security.

 

Several elements come into play when money is the topic of conversation. For many women, it is a taboo subject. Yet, other women are frantic about not having adequate funds for their future.

 

The mismanagement of money; and lack of a healthy financial education, may leave women feeling lost or fearful. And it is often the case that never having had the opportunity to understanding investments, annuities, stock and bonds or even Certificates of Deposits and how money should work for you can become overwhelming.

 

The solution for such a circumstance is to secure a financial planner who is experienced, licensed and has your best financial future in mind. The perfect financial planner is not only an advisor, but is also interested, above all, about your needs and your specific goals for your future. He will take into account your current financial standing and will acknowledge the myriad of challenges facing women today – no matter the size of your income. He will use his expertise to help build a lucrative financial portfolio.

 

In addition, the best suited financial advisor should be willing to educate you about your portfolio; he should answer any questions you have, and should handle your money from the ground up, starting from where your finances currently exist tracking the growth with you. Having personal sound insight and respect for your own finances is liberating, for anyone, particularly for a seasoned woman.

 

A financial planner of integrity is eager to listen to and accommodate his clientele, and is well informed. His priority is to the client and should ask you pertinent questions, making sure not to tell you what to do with your money. He is there to offer sound professional advice.

 

Ladies, this is your call to action! It’s never too late to start saving for a rainy day.

 

John Zacira
Financial Advisor
RMD Financial Group
Sarasota, FL (941) 929-9726