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Woman Financial Planner Phoenix Arizona 480-503-0050

Posted on Monday, August 31, 2015

PHOENIX ARIZONA WOMAN FINANCIAL PLANNER PHOENIX AZ FINANCIAL PLANNING PHOENIX CERTIFIED FINANCIAL PLANNING HELP

PHOENIX ARIZONA FINANCIAL PLANNING HELP – Phoenix Certified Financial Planner Teresa Bear 480-503-0050 http://www.TeresaBear.com Blog Discusses Investor Differences Between Men and Women. 

Despite increased efforts to narrow the financial gap between men and women, there’s still no shortage of cultures that prioritize males when it comes to divvying up the monetary spoils. In China, when divorcing couples can’t agree on how to divide their assets, the family home typically goes to the men, even though Chinese women (and their parents) contribute to more than 70 percent of mortgages and 90 percent of cash purchases of homes. Because homes are often registered under the man’s name, the wife forfeits that investment by law. This is one of the common practices still in existence today that demonstrates the old Chinese saying: “Raising a daughter is like watering someone else’s garden.”

Project 50 #33 - Watering Can

[CLICK HERE to read the article, “Watering the gardens of others,” from The Economist, June 12, 2015.]

However, the financial world’s dated viewpoints on men and women aren’t just limited to foreign countries. In the U.S., males are often trusted to handle the family investments, something author Meredith Jones says should change in her new book, “Women of the Street: Why Female Money Managers Generate Higher Returns (And How You Can Too).” Jones writes that women’s specific characteristics can, in some situations, offer higher value. Women tend to be more conservative when it comes to money management, both personally and professionally, and a Vanguard study revealed that during the 2007-08 financial crisis, accounts led by women lost 13 percent, while accounts led by men lost 16 percent. Women were less likely to sell at or near market lows, and thus yield better returns, in part because of their conservative nature.

[CLICK HERE to read the article, “7 Reasons Women Make Better Money Managers than Men,” from ThinkAdvisor.com, June 10, 2015.]

[CLICK HERE to read the article, “Women Investors: Toss the Piggy Bank, Be Less Risk Averse,” from HeartsandWallets.com, Jan. 23, 2015.]

Although women, as a whole, currently make less than men, it’s possible that they could out earn their male counterparts over the course of their lifetimes. More women graduate from college than men, and they have longer lifespans. With people living and working longer than ever, it might not be long before women are retiring with more money despite a disadvantage in pay.

[CLICK HERE to read the article, “Women are dominating men at college. Blame sexism,” from The Washington Post, Dec. 11, 2014.]

[CLICK HERE to read the article, “Forget Retirement: Older Single Women Love Their Jobs,” from ThinkAdvisor.com, June 9, 2015.]

All of this brings to mind the story of the tortoise (women) and the hare (men). Perhaps with less flash and more plodding, conservative discipline wins the race. It did in the fable and may be the key to success in real life. Careful financial planning is no secret, and it’s a strategy men should practice as well. Whether you’re a tortoise or a hare, we’re here to help you determine strategies that can help you feel more confident in your financial future. Give us a call with any questions or concerns you may have.

We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. The information contained in this material is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. AE07155140

ARIZONA INVESTORS OBSERVING BAD BANK BEHAVIOR

Posted on Wednesday, August 12, 2015

ARIZONA INVESTMENT HELP PHOENIX INVESTMENTS FINANCIAL PLANNING

Five of the world's biggest banks recently pleaded guilty to colluding to manipulate currency and interest rate markets. Apparently, by agreeing not to buy or sell at certain times, the traders protected each other's positions and suppressed competition in the foreign exchange market.

 

Collectively, these banks will pay penalties totaling $5.6 billion to the U.S. Justice Department and the Federal Reserve. But according to a Wharton professor of legal studies and business ethics, this fine represents one tenth of a percent of the daily volume of the foreign exchange market. Moreover, at least one of the banks is an admitted three-time repeat offender. Yet in return for the guilty plea, these banks secured exemptions, waivers and settlements from regulators and are allowed to conduct business as usual going forward -- and no one goes to jail.

[CLICK HERE to read the article, "Are Financial Penalties Enough to Deter Banks' Bad Behavior?" from Knowledge@Wharton, May 21, 2015.]

[CLICK HERE to read the article, "Rigging of Foreign Exchange Market Makes Felons of Top Banks," from The New York Times, May 20, 2015.]

In sports, the most recent scandal was conspired by leaders of FIFA, the governing body of the soccer world. Forty-seven indictments were levied on soccer officials and sports marketers for racketeering, wire fraud and money laundering over a time span of nearly quarter of a century. A total of 14 people -- including nine senior officials with FIFA -- are accused of perpetuating a corrupt scheme involving more than $150 million in bribes and kickbacks. Just days after news of the scandal broke, FIFA president Sepp Blatter was re-elected as head of the global soccer organization. However, the 79-year-old Switzerland native stepped down four days after his re-election amid outside pressure for his inability to stop corruption in the sport.

[CLICK HERE to read the article, "U.S. Indicts 14 in FIFA Corruption Inquiry," from NPR, May 27, 2015.]

[CLICK HERE to read the article, "FIFA scandal: What comes after Sepp Blatter's resignation?" from CNN, June 3, 2015.]

Meanwhile, the latest example of bad behavior in politics involves the indictment of former U.S. House Speaker Dennis Hastert, a Republican from Illinois, who is accused of agreeing to pay $3.5 million in hush money to somebody in his hometown for a reported sex scandal. The former congressman made 15 cash withdrawals of $50,000 from bank accounts between 2010 and 2012. Then, in order to avoid the scrutiny that accompanies withdrawals of more than $10,000 at a time, he withdrew $952,000 in increments of less than $10,000 up until late 2014. When questioned why he was making the sizeable withdrawals, he responded that he didn't trust the banking system. Sadly, as detailed earlier in this post, that may be true; however, it's unlikely to be his real reason.

[CLICK HERE to read the article, "Report: former US House Speaker allegedly paid $3.5 million to cover up a sex scandal," from Business Insider, May 29, 2015.]

[CLICK HERE to read the article, "Public Trust in Government: 1958-2014," from Pew Research Center, Nov. 13, 2014.]

The thing about bad behavior is that it breeds mistrust. And trust in things like our financial system, elected government officials -- and even the leaders of the sports industries where we spend much of our entertainment dollars -- truly matter. We understand that trust must be earned, and can be easily lost. That's why we work every day to earn yours through diligence, responsiveness, knowledge and integrity. Call on us any time you need a financial professional you can count on.

We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. AE06155119

INVESTMENT SERVICES ARIZONA | Are You Financially Prepared for Retirement?

Posted on Tuesday, April 01, 2014

ARIZONA INVESTMENT SERVICES | ARE YOU FINANCIALLY PREPARED FOR RETIREMENT?

Remember when the most pressing matter on your mind was not retirement income, but rather what to do on Saturday nights?

A recent survey found that Generation X— adults now approaching or in their 40s — is poised to face some of the biggest financial challenges in the future. And that while millennials — those who reached young adulthood around the year 2000 — are not yet engaged in planning for retirement, members of Generation X don’t have as much time as they may think. After all, while you may consider yourself as young as you feel, your finances should represent your actual age. If not, then you could be falling behind with your financial strategy.

[CLICK HERE to read the news release, “Financial Finesse Releases Second Annual Generational Research on Employee Financial Issues,” at Financial Finesse, Jan. 14, 2014.]

Interestingly, when it comes to strategizing, new research has found that more than half of the households in America that do engage in comprehensive financial strategies earn less than $100,000. Perhaps that’s because when you don’t have vast coffers of money, it’s that much more important to manage what you have. And the more extensive the household strategy, the more effective they can be at saving, debt management and potentially purchasing insurance products.

[CLICK HERE to read the news release, “New research shows most American households do financial planning, but the extent of this planning varies greatly,” at the Certified Financial Planner Board of Standards, Sept. 18, 2013.]

Even The Federal Emergency Management Agency (FEMA) is a big proponent of financial preparedness, observing that preparing for challenging times involves much more than just stocking up on water and canned goods. You need good credit and room on your credit cards in case you have to live on them for a period of time — should challenging times happen to leave you homeless and perhaps even jobless. You should put together a kit that contains copies of important financial documents right next to the fresh batteries and candles.

[CLICK HERE to read the article, “Financial Preparedness,” at FEMA, Oct. 31, 2013.]

Since we are at the start of a new year, it may be a good time to review your expenses over the past few months. Holiday shopping aside, there may be aspects of your spending that you can shift over to saving with an eye toward your long-term future. After all, once you’ve left college behind, there’s a lot more to consider than your weekend plans — and having a financial strategy can be one of the best ways to help you meet long-term goals.

[CLICK HERE to read the article, “The Smart Way to Set (And Stick To) a Budget,” at Forbes, Jan. 13, 2014.]

[CLICK HERE to the video, “Financial Planning Starts with the Truth,” at Forbes, Jan. 17, 2014.]

As always, we’re here to help you become better financially prepared. Give us a call if you’d like to get together for a no-obligation meeting.

By contacting us, you may be offered information regarding the purchase of insurance products.

These articles are being provided for informational purposes only and should not be used as the basis for any financial decisions. While we believe this information to be correct, we do not guarantee the accuracy or completeness of the information included. All clients are encouraged to consult qualified tax and legal professionals before making any decisions about your personal situation.

by Teresa Bear
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Teresa Bear has been seen in ABC, NBC, Fox, CBS, USA Today, The Wall Street Journal, Woman's Day, Reuters,Yahoo Finance and is featured as a monthly columnist for Lovin Life After 50 Magazine with her column The Bear Market Report  


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