Average is not good enough … Our goal at Family Investment Center is excellence. We find excellent investment products and supervise an excellent service package. We maintain a library of excellent research materials and financial planning resources. We also demand top safety and security for our clients.
We won’t settle for average. We continually seek top managers or securities and meld them into superior custom portfolios. Each palette of investments is carefully tailored to personal or family goals. We enlist excellent managers, research, resources, and effort for our clients. Don’t settle for average. You deserve excellence.
Please search our blog posts for answers to common investment questions, and we look forward to sharing our knowledge and experience with you first-hand.
Take a Different Approach to Investing for Women
Are Americans on the right track with a strategy for adequate retirement savings? A report by MassMutual would put the answer at a resounding “no.” The report found that 72 percent of people overall agreed they aren’t prepared for retirement. But what about women? Is investing for women any different than it is for men? Do women feel they are as unprepared financially for retirement as men do?
The answer is “yes,” as the report found that women are three times more likely to say they can’t save for retirement. Women are also more likely than men to say that financial concerns are a cause of stress in their life, limiting how they function in the world and receive medical care. Not surprisingly, it can also be the source of friction in relationships.
The report did find that women are more likely than men to seek employer-sponsored programs to help them feel more confident about their finances. However, when it comes to Social Security counseling, men are more apt to seek that out than women. That doesn’t mean women are less concerned about their Social Security and talk of cuts to that program, as the report found that only 33 percent of men were concerned compared to 52 percent of women.
What are some steps women can take now toward a financially secure retirement? Here are some keys for starting:
· Workplace Retirement
If your workplace offers a retirement plan, sign up for it. Your contributions could help reduce your income taxes, and it’s often money that you don’t miss because it is directly deposited to the account from your payroll.
· Pursue More Education
You will gain more confidence and conquer reservations or outright fear of investing if you’re more financially literate. Consider talking to an advisor that cuts out financial jargon and explains things simply.
· Avoid Emotions
It’s been said before – emotions and investing don’t mix. Bad decisions are almost always made on a “gut feeling” that is brought on by an emotional outburst.
· Stay the Course
Investing shouldn’t be a short-term strategy. Only people looking to “play the market” think of it that way. The market will rise and fall, sometimes sharply in the short term. Stick to a long-term plan and diversify your portfolio to boost your return potential.
If the process of going to a financial advisor intimidates you, just remember that we work with people in every stage of their investment strategy, from young investors just starting out in their careers to those who are well into their retirement. We work with people who are quite literate in finances and investing and with people whose knowledge goes no further than a checking account.
At Family Investment Center, we can help both men and women with an investment strategy that is personalized for their unique needs. Come in today and let’s chat about your plans for the future. Here’s another note of interest: November 2017 is Millionaire’s Month at Family Investment Center. Why are millionaires rich? How do they think? What do they do (or not do) that you can apply to your own life? Is there a secret? Read more on our website or listen to Money is Freedom on SoundCloud or iTunes for a special four-part series.