Women, Retirement, & InvestingSubmitted by Wale Advisory Group on June 5th, 2013
Do men take more risks when it comes to investments? A recent study says, YES! This doesn’t surprise us in the least bit.
According to an article over at Yahoo Finance, “a new report shows men have more money invested in taxable securities, as well as their 401(k)s, IRAs and savings accounts. The only accounts where women have higher average balances, the report said, are in relatively low-risk money market funds.”
Yikes, look at this as a wake up call for our Orange County Women Investors out there! Now we use the term, “Investor” loosely. You see, if you have some money saved in a bank account, then you’re an investor! Having said that, we want all of your ladies out there to work your investments based on YOUR needs.
One of the biggest issues we see with our female clients, is that they are scared to take risks. And we’re okay with that. However, it’s important to understand your goals and needs that are necessary to carry you through retirement, so you will have enough money to get there.
There are multitudes of options out there, which create added benefits (like creating income for life, or giving you bonuses on your monies invested). Our best advice? Seek a professional to help with your plan. If you don’t have a plan, create one! We will help you do this. We want to educate you, so you can be in control of your money, and your retirement.
Contact us today at 800-600-1433 to discuss a plan that will carry you through your successful retirement!