Wealthcare For Women

The Internet and access to the World Wide Web makes women’s lives easier by enabling online shopping, online banking and even ordering pizza on a Friday night. These benefits are convenient and save lots of time but also open doors to identity thieves to steal personal information and access financial accounts. Many single women are on a limited or fixed income and are vulnerable to scammers and unscrupulous characters. The bad guys have no problem stealing your life savings right out from under your nose. That’s why I’d like to share some ideas on how women can prevent identity theft.

Knowing about the problem is only half the battle, the next step is to implement some preventative measures that limit your risk of identity theft. Here are 8 suggestions for women to consider.  [click to continue...]

As a woman transitions into late middle age it’s common to think more about retirement and to focus on how she plans to spend those years. This is often triggered by the birth of a grandchild or retirement discussions with friends and family. There are 3 financial tips for women to be aware of that they might not have considered when they were younger.

Financial Documents

Every woman needs to know where the financial documents for her family are kept. This is perhaps the single most important and often overlooked factor for a woman’s financial security and peace of mind. And while this is certainly not gender specific, in many families the husband will be the one to maintain financial documents such as insurance information, bank account numbers and stock portfolios. Every woman needs to know where these documents are kept and who the appropriate contacts are.

[click to continue...]

As I sit in front of my keyboard and type this, it is Monday morning, April 8th, 2013.

Last Thursday I learned that one of my uncles had passed away unexpectedly of a heart attack. He was 68 years old.

Later today, my wife and I will travel about an hour away to Covington, GA, for visitation and his memorial service.

My aunt – the wife of the deceased – has asked that I read her prepared thoughts and memories of her husband as she expects she’ll be too emotional to get through it. Their daughter, a 16 year old high school student, has asked my wife to read her loving memories of her father. I’m not sure my wife will be able to get through it without getting emotional.

[click to continue...]

Today I invite you to consider the concept of “other people’s money.”

What does this bring to mind for you? Maybe it’s how the big banks have gotten a little too comfortable with other people’s money. Or maybe you think of our Federal government. Maybe it’s something else.

But I’d like to ask you to think about it in terms of how you think about your own money versus how you think about other people’s money.

Most folks, if asked, think my work involves managing money for my clients. And sure, that’s a part of it. But much more important than managing the money is managing the people I work with. Money can’t make its own decisions, but people can, and this is where the real work of financial advice happens.

[click to continue...]

Kim Hoipkemier from Hoffman & Associates

Back in December, I had a conversation with Kim Hoipkemier, an estate planning attorney with Hoffman & Associates in Sandy Springs, GA.

At the time, we were discussing the implications of the looming fiscal cliff that we seemed destined to be going over. However, the fiscal cliff was averted, and so I wanted to catch up with Kim and see what she’s working on now and what issues and concerns she’s discussing with her clients.

We also touch on her firm’s new focus on estate planning for women.

Click the flash player below to listen to my recent conversation with Kim.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

If you’re interested in learning more about estate planning techniques you might consider for your situation, or if you’re a divorcee or widow and need some estate planning help from professionals that are sensitive to the unique needs of women, please contact me or reach out to Kim directly. We’d love to hear from you.

To better understand the nature and scope of the advisory services and business practices of Wealthcare Capital Management, Inc., please review our SEC Form ADV Part 2a, which is available here. Past performance is not a guide to future returns. Before acting on any analysis, advice or recommendation in the above content, you should seek the personalized advice of legal, tax or investment professionals. By selecting the links in the above email, you may be redirected to third party websites not under the supervision of Wealthcare who may have different privacy policies than Wealthcare.

Pam Scott
Whats-Your-Major.com

College planning, either for children or grandchildren, is often a part of my clients’ financial plans.

But even if you’ve saved enough money, that’s not all there is to college planning.

With that in mind, I’d like to introduce you to Pam Scott, President of What’s Your Major. Pam is a friend and colleague focused on helping save students time and saving parents money.

Here’s Pam . . .

——-

The first fact you need to know is that 40% of college sophomores drop out. 40%.

Why? They don’t know what they want to do. [click to continue...]

I recently had the pleasure of speaking with my friend and colleague, Dr. Mary Gresham, and we recorded our discussion with the hope that it might be helpful for you to meet Mary and learn about the important work she’s doing.

From her website:

Dr. Mary Gresham is an Atlanta-based psychologist who specializes in both financial and clinical psychology. She consults with and coaches financial planners and their clients on issues related to inheritance, money management, and family values. She also supervises and trains mental health professionals to work with financial issues with clients.

I find the topic of financial psychology to be fascinating as it can unlock how we’re each wired to think about money and how this wiring impacts our financial decisions. And like myself, Mary has a real passion for helping women make smarter decisions with their money. [click to continue...]