Financial News

Many women enter retirement not thinking about the impact of taxes on their retirement income. Or they assume that they are going to pay less taxes in retirement. This is an antiquated thought. Taxation is very important to consider when planning your income in retirement. And there are certainly misconceptions about taxes in retirement.

It shouldn’t come as a surprise that Women are making most day-to-day purchases and budgeting decisions for their household. It is stereotypical “normal” for the one partner to make the day to day money decisions and another partner to get involved or make the decision when the dollar amount or decision is larger. If you think of your own household spending, those smaller transactions occur more frequently and likely add up to more than those “big” financial decisions.

In my experience I have found that there are many preconceived notions about women and money; Some may think that women lack investing confidence. It is not often that you hear a group of women talk about their investments. I believe that is because women have a different relationship with money than men and the different relationship results in misconceptions of women and their financial confidence.

Women generally run their households and make the purchases for their households. Women are most likely to shoulder the responsibility for things like household purchases, grocery shopping and meal preparation. Since shopping online is now the norm, the Amazon Prime van visits my house multiple times a week. All my neighbors see are piles of boxes. Their imaginations likely run wild with what can be in them: new clothes for me and the kids, décor for the house and more. The reality is that those boxes are holding toilet paper, dishwasher detergent and sippy cups.