Questions Every Woman Should Ask – Herself – Part Three

Part Three of a Three Part series discussing the important questions every woman should ask herself when considering her financial future.

“I wish I had known.” “Why didn’t someone tell me?” “This is news to me.”

How many of us have uttered at least one of those phrases in the last few months? How about over the last few years? We want to be informed. We are smart, independent, empowered women who are ready to take charge of their future. But how, exactly, do we do that? How do we get informed?

The easiest way to start is for every woman to ask herself some questions.

1. How comfortable are you with risk in terms of your finances? Do you prefer stocks or bonds or other investments?
   1. I’d like to make enough money to be able to take care of everything while I’m still working and then have enough left over to have a vacation home or a family getaway in my retirement.
   2. I’m not sure which I prefer, I leave this up to my husband/partner/other decision maker. I don’t want to lose all my money, though.
   3. I’m very comfortable with risk and have a diversified portfolio. I’m interested in learning more about my options and how we can collaborate to come up with future investment plans.
   4. I definitely don’t want to play the stock market, but I’d like to know that I have a good nest egg saved when I retire. Tell me more about different types of investments.

Knowing your tolerance for risk is a very important step in understanding how you should develop your retirement financial strategies – from what investment product mix you should employ to how often you are willing to change strategies. Whatever your risk tolerance, there are investment products perfectly suited for you.

2. What is most important to you today?
   1. Provide for my family/protect my family
   2. Not to have to rely on others
   3. Achieve financial independence
   4. Prepare for the future

We all have priorities. Recognizing those priorities and planning accordingly will give you a better financial plan whether for the short- or long-term. Priorities also help us adjust as needed based on where we are going, not from where we have been.

For even more guidance on how to Empower Yourself Financially attend this free seminar – November 16th – Parkside Lodge, Buffalo. Register: https://empoweringfinancially.eventbrite.com/