Women & Money: Seminar at GKWC Luncheon
January 6, 2009 by Jean Keener, CRPC, CFDP · Leave a Comment
I’ll be speaking at the January Greater Keller Women’s Club luncheon on Women & Money. As women, we have unique challenges and opportunities when it comes to relating to and managing money. Among the challenges, we tend to live longer and earn less than men and are sometimes hesitant to take ownership of our financial situation. Among the opportunities, we tend to stick to a plan once we have it and get better long-term investment results than men (this isn’t just me saying this — there’s data! But don’t worry, men, you can use the same time-proven techniques to avoid the pitfalls that caused the statistical variance). Once we’re aware of these trends, it can help us avoid pitfalls and plan to fund the life we want.
Guests are welcome at the luncheon. An RSVP by noon on January 16 is required to rsvp@gkwc.org.
Wednesday, January 21, 2009 Social: 11:00 a.m. Lunch: 11:30 p.m. Cost: $14 Timarron Country Club 1400 Byron Nelson Parkway Southlake, TX 76345 I’d love to see you there!Effects of Divorce
December 19, 2008 by Jean Keener, CRPC, CFDP · Leave a Comment
I just read a really interesting article in the Journal of Financial Planning. After divorce, the income of each spouse falls. On average, the income of the woman declines by 27%. The average income of the man declines by about 10%. The stats for both parties are positively affected by the presence of a significant other (parents, close friend, boyfriend/girlfriend) and by increased education. Children in the home affect women more than men, but the income effect of children is not as great as you might expect.
No one wants to have divorce happen. But this article really underscores the importance of having detailed analysis of the financial aspects of a divorce to ensure that the separation is equitable. And especially for women, the importance of taking charge of your financial situation whether single, married or divorced.