"Our Two Biggest Assets are Time and Health."


Women and Money

Lessons In Resilience

I know for many investors, resilience is something that eludes us in times of uncertainty.  Yet resilience is ultimately what keeps us investors ‘in the game’, invested IN the market, to stay!  Not to jump out of and into the market with abandon in response to the media’s hype, yet resilience to weather the normal cycles of the stock markets and the bond markets, in order to reach our long term goals.  Women and money are both resilient when you think about it.  Women’s ability to ‘go with the flow’ in work and family settings is indeed great training for us to invest now so we’ll have income in retirement.


I read this story below of a particular soldier, who was severely injured in Afghanistan, and years later, he is still committed to his path to recovery; his healing.  Can we investors, who may have been ‘bruised’ or ‘beaten up’ by the very normal, yet painful drops in the markets, be doubly resilient now, and in the future, as our financial lives depend on it, just as Sgt First Class Cory Remsburg’s physical life depends upon his continued dedication to the hard work of healing.

No matter how much our portfolios may have dropped in the past, no matter how much we may have THOUGHT we made irreparable mistakes, surely in the end, they are not mistakes that can’t be recovered from.  So, let’s take Sgt. Remsburg’s advice and “Lead the Way”.  While still re-learning how to talk, he blurted out, ““Just because you are down, you are not out.”  I fully concur!

Here’s the article on President Obama visiting Sgt. First Class Cory Remsburg 3 times

Curing Investment Information Overload

Dictionary of Investing TermsI was training with my Grief Coach Academy associates this past weekend in LA, and the recurring theme that coaches in both the US and Canada relayed were that their particular female clients were very unsure about their financial futures, and were seeking assurances and guidance regarding their investments.

I resonate fully with that in that one of the huge detriments of the advent of the Internet is the overwhelming and thus paralyzing amount of information on any topic—not the least of which is investing.  While information CAN prove powerful, the more likely result of blind Google searches is confusion, wasted time attempting to vet the providers’ veracity, and inability to piece the information into one’s OWN intricate puzzle.  And even if/when those investment puzzle pieces can indeed be put together into an arrangement that appears coherent, one then has to imagine whether there is an adverse income or estate tax implication to follow, and if so, is it sufficient to warrant an edit of the investment advice, or not. 

Ultimately as investors, we need to walk the tightrope of not allowing the tax tail to wag the investment dog, all the while cognizant that investment and taxes are inextricably connected.

For years now, I have been asked to shed some light on investing for beginners, so believing that women and money are also inextricably connected, I thought, where better to start than by defining some terms.  As such I wrote Ms. Morrison’s Dictionary of Useful Financial Investment Terms to equip investors with some basic knowledge:


I am committed to empower women about their finances, so that they can pack more options into their lives; using money simply as a powerful tool that indeed can purchase more options/opportunities.  If you wish to receive information, please sign up for those topics/information that interests you, here on the pages of my website.

We Can Do It Women!™

Confidence For Women; Margaret Thatcher Style!

Margaret Thatcher confidenceAs I heard the news of Margaret Thatcher’s passing this morning, I began reading so much of the history of this woman, and her courage to act in a way that she perceived brought renewal and hope to Britain.  Of course I am not saying I agree with all she said or did (that’s a tall, if not impossible order for anyone, is it not?) yet I will forever be impressed with her stalwart leadership skills.

One of my favorite Margaret Thatcher quotes is “If you just set out to be liked, you would be prepared to compromise on anything at any time and  you would achieve nothing.”  May 3, 1989, commenting on her 10th anniversary as Prime Minister. 

I think now of our quick and easy “liking” on Facebook for example, and smile as I realize how ultimately ‘shallow’ a ‘like’ is these days.  I mean, it’s now an easy click of the mouse, or touch of our smart-phone, i-whatever  screens. 

Yet when we have confidence in our actions and in our direction about life matters; that requires FAR more than simply ‘liking’ our strategy, or being ‘liked’ by our friends/co-workers, etc., it requires devising a strategy and then applying a good amount of elbow grease and perseverance to see our goal through. 

Confidence is one of the initial ingredients to decisive action.  Information and wisdom run a close second to confidence.  So, when I speak about Money Confidence for Women, I speak about what I believe to be essential skills for us to move forward; for women and money to be said in the same sentence without blanching, or shrinking. 

I urge all women, the world wide, to do whatever it takes to bolster our confidence, and to take the next step towards ensuring that we have adequate income in retirement by saving NOW.  Start small if you must, yet START.  Your confidence will build as you take action.  We Can Do It Women

Women & Men: Retirement Gender Gap Or Not?

Big news recently – the gender gap has narrowed and the rate at which women and men participate in the Money Guide For Womenemployer-sponsored retirement plans is nearly equal. 91% of women and 92% of men said they participate in employer-sponsored plans so on the surface, things look like they are improving….but are they?

You know that I always urge you to check the fine print and this study is no different. While both men and women are participating in employer-sponsored retirement plans, only 12% of women versus 80% of the men report being on-target to replace 80% of their pre-retirement earnings. And only 79% of women versus 89% of men take advantage of their company’s matching-funds policy to max out their retirement savings.

That is not the only gender gap between women and men when it comes to investments. Nearly half the men said they felt confident that their investment allocation was correct. Only 29% of the women surveyed reported feeling confident about their asset allocation. Of course, that number could be explained by the fact that 89% of men say they have general investment knowledge. Only 65% of women say they have investment knowledge.

Overall, the study reports that women lag behind men in money management skills and investing – the very basics of financial fitness. Sadly, only 16% of women report that they have reviewed their combined assets to be sure that their investments are balanced across different classes. Part of the issue, it seems to me, is that women take a longer time to make financial decisions, which I think is due to the lack of confidence they feel about making money decisions. Add to that the all-too-common Bag Lady fears that women have and it is a recipe for poor financial planning.

There are three things that you can do to improve your financial fitness:

  1. Get my report on Overcoming Money Fears – you can request it at the top of this page
  2. Read my book Common Sense Money Guide for Women
  3. Book me as a speaker for your group’s next event

One result that surprised me was that women are actually ahead of men when it comes to meeting with a financial planner or attorney to make an estate plan. Sadly, it is only 4% of women and 3% of men who have taken this important step to securing their family’s future. It is my mission to empower women to break out of their white-knuckled, bag lady money fears and energize them to dream big in the second half of life. We do not have to be timid and afraid of money any longer. We can do it, women!


Check The Fine Print – Retirement Income & Life Expectancy

Earlier this year Prudential released a study on the “Class of 2012″ those people who are retiring in 2012. The results almost broke my heart. Not only do people miscalculate how much income in retirement they will receive, they also misjudge the amount of money they will need…and how long they will need it. At this time, if you are a women who reaches the age of 50 without a major illness, your life expectancy is 92 years.  For men over 65, the  expectancy is 17.6 more years and for women over 65, it is 20.2 more years. So the good news is that we are living longer than ever before. The bad news is that healthy life expectancy has not kept pace. For those over 65, healthy life expectancy is just 9.9 years for men and 11.5 years for women.

That’s why you need to check the fine print when they release these studies. Healthy life expectancy is part of your wealth. Health problems are just one of the reasons you may actually need more income in retirement than you thought. Of course, there are more pleasant reasons to need more income in retirement. You have time to travel now, and that costs money, especially since gas prices remain high. Or perhaps you want to relocate to a better climate. Relocation to a warmer locale almost always translates to a more expensive area. The cost of living is an important consideration when determining how much income in retirement you will need.

When making your retirement plans, you should also consider the role of inflation. Future costs of goods and services you use are likely to rise. That can eat away at your income in retirement, even if inflation remains low. The low rate of 2% inflation can eat way nearly one-third of your purchasing power over 25 years. That is a big impact on your income in retirement. Debra L. Morrison

So when making your retirement plan, you should include these factors:

  • Living longer
  • Increased health care costs
  • Inflation’s impact on your purchasing power

As a fee-only Certified Financial Planner, I can help you create a retirement plan that takes into account the things you value and the factors that make a solid, reliable plan for income in retirement.

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