Category Archives: Financial Education for Women: Articles

How Buy Now, Pay Later Is Destroying American Consumers

abcnews-byline    June 18, 2015
by Baron Financial Group

High personal debt levels are common in America — ironically, a wealthy nation. Americans are nearly $12 trillion in debt, and this figure is increasing.

Most people don’t realize what going into debt actually means: moving money from their future to their present at a high cost in the form of interest. Continue reading How Buy Now, Pay Later Is Destroying American Consumers

Financial Confidence From Knowledge: What You Don’t Know Can Hurt Your Returns

March 19, 2015
by Baron Financial Group

 Why those who have the least amount of knowledge about investing are most likely to go it alone.
 
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”  —Mark Twain Continue reading Financial Confidence From Knowledge: What You Don’t Know Can Hurt Your Returns

Why Annuities Are Often Sold, Not Bought*

If you have substantial assets or suddenly come into money through inheritance or a divorce settlement, there’s a good chance that someone will try to sell you an annuity.  Annuities are highly complex investments that are marketed aggressively, often to individuals for whom they may not be appropriate. Investors usually don’t go looking for an annuity. Instead of being sought, these investments are sold. Continue reading Why Annuities Are Often Sold, Not Bought*

Understand Medicare to Get the Most Out of It*

During their entire working lives, Americans pay into the Medicare system, yet many fail to understand the basics of how it works and how to use it.

Medicare is government-sponsored health insurance for Americans 65 and older. As with any insurance, the goal is to get the most out of it for the lowest cost. Medicare is a complex, often confusing system that involves choices that users must understand to configure the right coverage for their needs.

By the time you reach the Medicare eligibility age of 65, you may find that you need regular medical care for one or more conditions. This is particularly the case with the 23 million American women who are 65 or older. Women tend to have more chronic conditions than men and, because they live longer, their care lasts longer. Yet, because they earn less than men, women have fewer resources to pay it, so using Medicare advantageously is especially important for women.

Read the December 3, 2014 Financially Empowering Women(FEW) column to learn more.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column December 3, 2014

* Part of the Financially Empowering Women™ news columns

 

Key Financial Moves for the Recently Widowed*

Most married women whose marriages stay intact become widows. Women on average live longer than men, and most marry older men. The statistical result of these factors is that the median age of widowhood is around 60.

When a spouse dies, it’s not a good time to make major decisions about your financial future, especially for women who haven’t been closely involved with family financial matters.

Irreversible decisions made at times of great emotional stress are often regretted. Except in cases of extreme economic necessity, women who are still in mourning should put off decisions about such matters as selling their house or trading cars.

Read the October 21, 2014 Financially Empowering Women(FEW) column to learn more.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column October 21, 2014

* Part of the Financially Empowring Women™ news columns

In Divorce Negotiations, Keep Your Eye on the Long Run – Part Two*

Going through a divorce can be extremely difficult. Because the outcome will have a lasting financial impact, it’s important to address critical issues early on.

Women undergoing a divorce can be highly vulnerable if they haven’t been involved with the family finances because of a lack of financial empowerment. For these women, financial decisions can be particularly difficult.

Every financial decision they make before and during property-settlement negotiations should be evaluated with this question: What will be the impact on your long-term financial security?

If you’re a woman facing divorce, there are some things that you should attend to right away. Read the September 22, 2014 Financially Empowering Women(FEW) column to learn more.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column September 22, 2014

* Part of the Financially Empowering Women™ series

 

How Women Can Keep From Making Themselves Victims in Divorce – Part I*

All too often, women getting divorced become financial victims. Many get settlements that are fair or, in some cases, more than fair. But because they have misguided priorities, they may make choices that aren’t in their best interest, ultimately rendering themselves victims. The sad reality is that they are responsible for this unfortunate fate. Read the September 4, 2014 Financially Empowering Women(FEW) column to learn more about  financial independence in a post-divorce life and claiming your financial power.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column September 4, 2014

* Part of the Financially Empowring Women™ news columns

Financial Empowerment: Should Women Go it Alone or Keep it Together?*

Ignorance about your finances is not bliss. Many married women who didn’t play a strong role in family financial matters ultimately end up facing this responsibility, brought by divorce or widowhood. Because women live longer than men, the chances are that even happily married women who leave finances completely or largely up to their husbands eventually will face a difficult adjustment. This can be frightening, especially when you’re older and there’s less margin for error as retirement approaches. Read the August 1, 2014 Financially Empowering Women(FEW) column to learn more about financial empowerment and strengthening your marriage concerning financial matters.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column August 1, 2014

* Part of the Financially Empowering Women™ series

The Risks of Failing to Plan for Long-Term Care Costs*

There’s a high chance you’ll need nursing-home care, yet many fail to plan. You have planned for a comfortable retirement: where you want to live, how much you want to travel, how you would like to spend your days – and how you’re going to pay for it all. One thing that could derail this plan financially is your health. The related financial problem doesn’t stem from becoming sick and dying, but from becoming sick and living – and needing long-term care. Read the July 2014 Financially Empowering Women(FEW) column to learn more about planning for long-term care.

You can go to the ABC News website or click the link below to read the entire article.

ABC News Column July 1, 2014

 * Part of the Financially Empowering Women™ series