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  • It’s no secret that the #wagegap women experience in their careers transform into a gender retirement gap. In other words, the retirement game is stacked against us. ⁠⠀
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To combat the gender retirement gap, @winniesundotcome, aka #thewealthwishperer, shared key tips that every woman should know about retirement and savings. ⁠⠀
⁠⠀
Share this with someone who NEEDS to 👀 this!
  • It’s no secret that the #wagegap women experience in their careers transform into a gender retirement gap. In other words, the retirement game is stacked against us. ⁠⠀
    ⁠⠀
    To combat the gender retirement gap, @winniesundotcome, aka #thewealthwishperer , shared key tips that every woman should know about retirement and savings. ⁠⠀
    ⁠⠀
    Share this with someone who NEEDS to 👀 this!
  • 972 28 28 September, 2019
  • Always save for retirement.⠀
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Regardless of your debt level, there’s never a time when your retirement savings should be zero.⠀
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Save something, even if it’s just the employer match. If you don’t have an employer match, then at a minimum, ⭐️start by saving one percent ⭐️of your income for retirement while focusing the rest on debt payoff. After a month, escalate to one percent more. After another month, ramp up to one percent more.⠀
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Even if you’re laser-focused on debt payoff, aim for working your way up to saving at least 5 to 10 percent of your income for retirement.⠀
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Otherwise, you’ll approach 40 and realize that you’ve been so focused on debt payoff that you don’t have any retirement savings. That’s demoralizing.⠀
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When it comes to the age-old question of “repay debt vs. invest,” the answer is both. Focus on the one that lights you up, the one that motivates you to save more than you otherwise would, but don’t ignore the other.⠀ _________⠀

Snippet from Episode 196 of the Afford Anything podcast.⠀
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#retirement #retirementsavings #earlyretirement #401k #firemovement #financialfreedom #financialindependence #financialindependenceretireearly #affordanything #affordanythingpodcast #savemore #startnow #financialplanning
  • Always save for retirement.⠀

    Regardless of your debt level, there’s never a time when your retirement savings should be zero.⠀

    Save something, even if it’s just the employer match. If you don’t have an employer match, then at a minimum, ⭐️start by saving one percent ⭐️of your income for retirement while focusing the rest on debt payoff. After a month, escalate to one percent more. After another month, ramp up to one percent more.⠀

    Even if you’re laser-focused on debt payoff, aim for working your way up to saving at least 5 to 10 percent of your income for retirement.⠀

    Otherwise, you’ll approach 40 and realize that you’ve been so focused on debt payoff that you don’t have any retirement savings. That’s demoralizing.⠀

    When it comes to the age-old question of “repay debt vs. invest,” the answer is both. Focus on the one that lights you up, the one that motivates you to save more than you otherwise would, but don’t ignore the other.⠀ _________⠀

    Snippet from Episode 196 of the Afford Anything podcast.⠀
    .⠀
    .⠀
    .⠀
    .⠀
    .
    #retirement #retirementsavings #earlyretirement #401k #firemovement #financialfreedom #financialindependence #financialindependenceretireearly #affordanything #affordanythingpodcast #savemore #startnow #financialplanning
  • 430 25 2 October, 2019
  • #repost - This just happened! 11 months after becoming debt free, during which time I fully funded last year’s Roth IRA of $5500, saved my max annual OOP medical contribution of $3000, and half funded this year’s Roth with $3000, I have finally saved my 3 month FFEF.
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I would like to continue adding significantly to this over the next few months. Next month’s goal: reach $10k.
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My FFEF amount is currently much higher than my actual expenses while doing this job. But if for some reason I could no longer do this job,at sea, I would need more for food, fuel, housing, insurance, etc. My expenses would probably be triple or more, so this is what I’m basing my savings on.
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Awesome work @mendingpockets!!!
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#debtfreecommunity #debtfreecharts #emergencyfund #rothira #ffef #babystep3 #savingmoney #retirementsavings #livelikenooneelse #goalgetter #goals #lifeatsea
  • #repost - This just happened! 11 months after becoming debt free, during which time I fully funded last year’s Roth IRA of $5500, saved my max annual OOP medical contribution of $3000, and half funded this year’s Roth with $3000, I have finally saved my 3 month FFEF.
    .
    I would like to continue adding significantly to this over the next few months. Next month’s goal: reach $10k.
    .
    My FFEF amount is currently much higher than my actual expenses while doing this job. But if for some reason I could no longer do this job,at sea, I would need more for food, fuel, housing, insurance, etc. My expenses would probably be triple or more, so this is what I’m basing my savings on.
    -
    Awesome work @mendingpockets!!!
    -
    -
    -
    #debtfreecommunity #debtfreecharts #emergencyfund #rothira #ffef #babystep3 #savingmoney #retirementsavings #livelikenooneelse #goalgetter #goals #lifeatsea
  • 723 16 9 April, 2019
  • Cute story: My husband and I are volunteer tutors to kids at a low-income housing complex. Yesterday a sixth grader asked me, “What’s retirement?” I told her, it’s when you’re older and you stop working every day.
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Her response: “you need to pay to retire right?” I told her, yes you need to save money while you’re young and working, so that you have enough to live on when you’re old. .
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I also told her that my husband and I would need to save over a million dollars in order to live comfortably. She gasped! 😱but I could see the wheels turning in her head. .
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This summer, the same girl asked me how much money I make. I told her the exact amount, which also made her gasp😂
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I want to be open with these kids and answer their questions about money honestly. They probably don’t have financially literate parents at home. They don’t have the luxury about talking to their kids about saving, they just want to pay the bills and survive. .
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Her genuine curiosity inspires me to continue educating myself as well. It wasn’t a long interaction but I could tell I planted a little tiny seed 🌱
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How are you planting seeds in your community? 🌱🌱
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#debtfreecommunity #personalfinance #debtfreelatina #retirement #fire #retireinspired #retirementsavings #401k #rothira #saving #teaching #chrishogan #daveramsey #rachelcruze @rachelcruze #latina #latinx #communityorganizing #daveramseybabysteps #budget #budgeting #frugalliving #frugal #money #investing #finance #education
  • Cute story: My husband and I are volunteer tutors to kids at a low-income housing complex. Yesterday a sixth grader asked me, “What’s retirement?” I told her, it’s when you’re older and you stop working every day.
    .
    .
    Her response: “you need to pay to retire right?” I told her, yes you need to save money while you’re young and working, so that you have enough to live on when you’re old. .
    .
    I also told her that my husband and I would need to save over a million dollars in order to live comfortably. She gasped! 😱but I could see the wheels turning in her head. .
    .
    This summer, the same girl asked me how much money I make. I told her the exact amount, which also made her gasp😂
    .
    .
    I want to be open with these kids and answer their questions about money honestly. They probably don’t have financially literate parents at home. They don’t have the luxury about talking to their kids about saving, they just want to pay the bills and survive. .
    .
    Her genuine curiosity inspires me to continue educating myself as well. It wasn’t a long interaction but I could tell I planted a little tiny seed 🌱
    .
    .
    How are you planting seeds in your community? 🌱🌱
    .
    .
    .
    .
    .
    .
    #debtfreecommunity #personalfinance #debtfreelatina #retirement #fire #retireinspired #retirementsavings #401k #rothira #saving #teaching #chrishogan #daveramsey #rachelcruze @rachelcruze #latina #latinx #communityorganizing #daveramseybabysteps #budget #budgeting #frugalliving #frugal #money #investing #finance #education
  • 149 23 5 October, 2018
  • An employer sponsored retirement savings plan is a good place to start investing especially if they are offering a match aka free money. The investment options are fewer than if you invest on your own and the fees may be higher but the maximum contribution limit and tax benefits make it worthwhile plus if thats the only way you can invest right now its better than nothing. However when you leave that employer - TAKE YOUR MONEY with you by rolling it over into an IRA.
.
Some old employers will let you keep your money with them BUT they typically charge higher maintenance fees for people who are no longer employers.
.
Also many new employers will let you roll your investment portfolio from your previous employer into theirs BUT again, you’ll have limited options and higher fees. Yes, you can participate in your new employers plan but think carefully before rolling your prior portfolio in there.
.
An IRA will give you access to invest in the entire stock market and if you go the index fund route, you’ll save a ton of money on fees (Over the long term those fees can sum up to hundreds of thousands of dollars and for some even millions depending on the portfolio size). As with every investment - do your research before you invest.
____________________
Ready to get your finances in order?
.
Head over to https://www.clevergirlfinanceacademy.com and join the CGF Members Only Accountability Program - Your accountability starts when you sign up! (LINK IN BIO)
________________________
http://CleverGirlFinance.com - Subscribe + get access to my free resource library!
  • An employer sponsored retirement savings plan is a good place to start investing especially if they are offering a match aka free money. The investment options are fewer than if you invest on your own and the fees may be higher but the maximum contribution limit and tax benefits make it worthwhile plus if thats the only way you can invest right now its better than nothing. However when you leave that employer - TAKE YOUR MONEY with you by rolling it over into an IRA.
    .
    Some old employers will let you keep your money with them BUT they typically charge higher maintenance fees for people who are no longer employers.
    .
    Also many new employers will let you roll your investment portfolio from your previous employer into theirs BUT again, you’ll have limited options and higher fees. Yes, you can participate in your new employers plan but think carefully before rolling your prior portfolio in there.
    .
    An IRA will give you access to invest in the entire stock market and if you go the index fund route, you’ll save a ton of money on fees (Over the long term those fees can sum up to hundreds of thousands of dollars and for some even millions depending on the portfolio size). As with every investment - do your research before you invest.
    ____________________
    Ready to get your finances in order?
    .
    Head over to https://www.clevergirlfinanceacademy.com and join the CGF Members Only Accountability Program - Your accountability starts when you sign up! (LINK IN BIO)
    ________________________
    http://CleverGirlFinance.com - Subscribe + get access to my free resource library!
  • 904 55 19 December, 2017
  • An employer sponsored retirement savings plan is a good place to start investing especially if they are offering a match aka free money. The investment options are fewer than if you invest on your own and the fees may be higher but the maximum contribution limit and tax benefits make it worthwhile plus if thats the only way you can invest right now its better than nothing. However when you leave that employer - TAKE YOUR MONEY with you by rolling it over into an IRA.
.
Some old employers will let you keep your money with them BUT they typically charge higher maintenance fees for people who are no longer employers.
.
Also many new employers will let you roll your investment portfolio from your previous employer into theirs BUT again, you’ll have limited options and higher fees. Yes, you can participate in your new employers plan but think carefully before rolling your prior portfolio in there.
.
An IRA will give you access to invest in the entire stock market and if you go the index fund route, you’ll save a ton of money on fees (Over the long term those fees can sum up to hundreds of thousands of dollars and for some even millions depending on the portfolio size). As with every investment - do your research before you invest.
.
Ready to get your finances in order?
.
Head over to https://www.clevergirlfinance.com, take the money quiz!
.
.
.
.
.
.
.
.
.
.
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.
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#clevergirlfinance #clevergirlsknow #retirementsavings #moneytips #financialplanning #financialgoals #longtermplanning #longtermsavings #personalfinanceforwomen #ira #moneygoals #dreamlife #retirementsavings
  • An employer sponsored retirement savings plan is a good place to start investing especially if they are offering a match aka free money. The investment options are fewer than if you invest on your own and the fees may be higher but the maximum contribution limit and tax benefits make it worthwhile plus if thats the only way you can invest right now its better than nothing. However when you leave that employer - TAKE YOUR MONEY with you by rolling it over into an IRA.
    .
    Some old employers will let you keep your money with them BUT they typically charge higher maintenance fees for people who are no longer employers.
    .
    Also many new employers will let you roll your investment portfolio from your previous employer into theirs BUT again, you’ll have limited options and higher fees. Yes, you can participate in your new employers plan but think carefully before rolling your prior portfolio in there.
    .
    An IRA will give you access to invest in the entire stock market and if you go the index fund route, you’ll save a ton of money on fees (Over the long term those fees can sum up to hundreds of thousands of dollars and for some even millions depending on the portfolio size). As with every investment - do your research before you invest.
    .
    Ready to get your finances in order?
    .
    Head over to https://www.clevergirlfinance.com, take the money quiz!
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
    .
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    #clevergirlfinance #clevergirlsknow #retirementsavings #moneytips #financialplanning #financialgoals #longtermplanning #longtermsavings #personalfinanceforwomen #ira #moneygoals #dreamlife #retirementsavings
  • 1,210 55 15 August, 2018

Latest Instagram Posts

  • Thinking about building your nest egg? Start with brokerage accounts! Link in bio to learn more about this #retirementfund growing strategy!
  • Thinking about building your nest egg? Start with brokerage accounts! Link in bio to learn more about this #retirementfund growing strategy!
  • 13 1 4 hours ago
  • As you may or may not know the stock market is never a guarantee for retirement income. The only guaranteed income is with a good life Insurance company. 401k, 403b, Thrift savings plans and other such retirement plans are all controlled by how the stock market does. In 2008 and 2009 so many people lost their retirements and others lost everything because of the drop in the stock market.  Don't lose your Retirement Savings make the decision to protect your investments and your family's financial future. Ask me how you can still earn good guarantee gains and never take a loss on your investments when the stock market drops. I can help you with tax free retirement so you can protect your family's financial future and never lose your retirement savings. Any questions please feel free to reach out to me. 
#helpinghandshelpingfamilies.org/

Specializing in protecting your family's financial future!

#helpinghands #financialfuture #lifeinsurance #educating #taxfreeretirement #retirementsavings #livingbenefits #protectyourfamily #IUL #fixedindexedannuities #neverlosemoney
  • As you may or may not know the stock market is never a guarantee for retirement income. The only guaranteed income is with a good life Insurance company. 401k, 403b, Thrift savings plans and other such retirement plans are all controlled by how the stock market does. In 2008 and 2009 so many people lost their retirements and others lost everything because of the drop in the stock market. Don't lose your Retirement Savings make the decision to protect your investments and your family's financial future. Ask me how you can still earn good guarantee gains and never take a loss on your investments when the stock market drops. I can help you with tax free retirement so you can protect your family's financial future and never lose your retirement savings. Any questions please feel free to reach out to me.
    #helpinghandshelpingfamilies .org/

    Specializing in protecting your family's financial future!

    #helpinghands #financialfuture #lifeinsurance #educating #taxfreeretirement #retirementsavings #livingbenefits #protectyourfamily #IUL #fixedindexedannuities #neverlosemoney
  • 4 0 13 October, 2019
  • The #1 most consistent money issue I see with high-earning #women is they have too much cash.  Whether it's because you are worried about a #recession or just aren't ready to pull the trigger on a house yet, most women I talk to have a whole lot of benjamins earning not very much interest in their bank accounts. 💰⁠
-⁠
This matches what the financial giants see when they survey men and women. In 2015, @BlackRock found that women are less willing to take investment risk than men and tend to have 68% of their assets in cash versus 59% for men.  That contributes to the #gendergap and why women have less in #retirementsavings than men. ⁠
⁠
What I wish I could tell every woman in their 20s and 30s is...⁠
- ⁠
It's ok to take risk.  You're young and you have time to earn it back, and allowing your money to earn 1-2% a year in a savings account is also a risk.  The math for retirement doesn't work if you miss out on a lot of market growth.  Don't throw caution to the wind and put your entire retirement into what could be the next @WeWork, but also don't bench yourself financially when the guy behind you in the coffee line is using his @betterment app to take some smart, calculated risks with his money.  Get out there and play ball⚾ (just like my Astros!!). #EqualityCantWait  #FinancialFreedom #personalfinanceforwomen #goalgetter⁠
  • The #1 most consistent money issue I see with high-earning #women is they have too much cash. Whether it's because you are worried about a #recession or just aren't ready to pull the trigger on a house yet, most women I talk to have a whole lot of benjamins earning not very much interest in their bank accounts. 💰⁠
    -⁠
    This matches what the financial giants see when they survey men and women. In 2015, @BlackRock found that women are less willing to take investment risk than men and tend to have 68% of their assets in cash versus 59% for men. That contributes to the #gendergap and why women have less in #retirementsavings than men. ⁠

    What I wish I could tell every woman in their 20s and 30s is...⁠
    - ⁠
    It's ok to take risk. You're young and you have time to earn it back, and allowing your money to earn 1-2% a year in a savings account is also a risk. The math for retirement doesn't work if you miss out on a lot of market growth. Don't throw caution to the wind and put your entire retirement into what could be the next @WeWork, but also don't bench yourself financially when the guy behind you in the coffee line is using his @betterment app to take some smart, calculated risks with his money. Get out there and play ball⚾ (just like my Astros!!). #EqualityCantWait #FinancialFreedom #personalfinanceforwomen #goalgetter
  • 18 4 13 October, 2019
  • Average 20-yr returns for REITs are at 11.8%, while the S&P 500 Index's average annual return over the past 20 years is approximately 8.6% (source: Investopedia). The time to add real estate to your portfolio is now! Link in bio to learn more and get started.
  • Average 20-yr returns for REITs are at 11.8%, while the S&P 500 Index's average annual return over the past 20 years is approximately 8.6% (source: Investopedia). The time to add real estate to your portfolio is now! Link in bio to learn more and get started.
  • 18 1 11 October, 2019
  • The Airman and Family Readiness Center at the Pentagon hosted a Thrift Savings Plan TSP Training Day. Be sure to check out what’s happening at your installation for #FinancialPlanningMonth!
  • The Airman and Family Readiness Center at the Pentagon hosted a Thrift Savings Plan TSP Training Day. Be sure to check out what’s happening at your installation for #FinancialPlanningMonth !
  • 8 1 11 October, 2019
  • Is your family covered if something happens to you? Are you over paying for life insurance? Does your life Insurance offer benefits that you can access while still alive? I represent multiple companies and offer free policy reviews. If you answered any of these questions or just want another set of eyes you can trust to make sure you have the best coverage for your family and for the best price. Please feel free to reach out to me.
You are never to young for Life Insurance!

Specializing in protecting your family's financial future!

#Helpinghandshelpingfamilies.org

Helping Hands Helping Families L.L.C.
#helpingfamilies #lifeinsurance #protectyourfamily #educating #taxfreeretirement #retirementsavings #livingbenefits
  • Is your family covered if something happens to you? Are you over paying for life insurance? Does your life Insurance offer benefits that you can access while still alive? I represent multiple companies and offer free policy reviews. If you answered any of these questions or just want another set of eyes you can trust to make sure you have the best coverage for your family and for the best price. Please feel free to reach out to me.
    You are never to young for Life Insurance!

    Specializing in protecting your family's financial future!

    #Helpinghandshelpingfamilies .org

    Helping Hands Helping Families L.L.C.
    #helpingfamilies #lifeinsurance #protectyourfamily #educating #taxfreeretirement #retirementsavings #livingbenefits
  • 3 0 10 October, 2019
  • Do you use spreadsheets, pen and paper, or cash envelopes?
  • Do you use spreadsheets, pen and paper, or cash envelopes?
  • 17 1 10 October, 2019
  • 📍Las pocas pensiones que quedan van desapareciendo. Y tu que estas haciendo con tu retiro? Me puedes llamar para orientación, directo al (833) 738-4761 #retirementplanning #retirementsavings #pensiones
bit.ly/2pOgEZY
  • 📍Las pocas pensiones que quedan van desapareciendo. Y tu que estas haciendo con tu retiro? Me puedes llamar para orientación, directo al (833) 738-4761 #retirementplanning #retirementsavings #pensiones
    bit.ly/2pOgEZY
  • 3 0 8 October, 2019
  • We understand the needs and challenges of government employees. Let American Benefits Exchange help you with your benefit and retirement planning to find the options that work for you.
  • We understand the needs and challenges of government employees. Let American Benefits Exchange help you with your benefit and retirement planning to find the options that work for you.
  • 1 1 7 October, 2019
  • Fed employees in the #DMV come to my next workshop to learn how to maximize your TSP! Register using the link in my bio.
  • Fed employees in the #DMV come to my next workshop to learn how to maximize your TSP! Register using the link in my bio.
  • 5 1 7 October, 2019