Posts by Kim


By Kim Spencer, CFP®, CDFA® When the unexpected happens, chaos can result. And right now, chaos and change seem to be a part of daily life for all of us due to the ever-evolving coronavirus pandemic. More than ever, preparation and having a plan of action in place is necessary for you to do what’s best for you and your family in the midst of this or any other crisis. And when I say to plan and prepare, I’m talking specifically about a...

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By Kim Spencer, CFP®, CDFA® Even though women make up almost 47% of the workforce these days, (1) they face financial challenges not often faced by men. Women typically earn 85 cents of every dollar earned by men, (2) and they usually spend fewer years in the workplace because they may take time off work to raise children or take care of elderly parents. Because women generally live about 5 years longer than men, this means women have...

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You may wonder at the title of this section. Why are financial tips for women different from financial tips for men? Don’t we all need the same information? The answer is no. Women are different from men in many ways, including the ways in which they manage money and learn about finance. Eleanor Blayney in her book “Women’s Worth: Finding Your Financial Confidence” reveals that, for women, money is a source of both...

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“Your story is the greatest legacy that you will leave to your friends. It’s the longest-lasting legacy you will leave to your heirs.” —Steve Saint Maybe you’ve seen a lighthearted infographic, widely circulated on the internet, which attempts to explain social media through donuts. Minus the donut photos, it goes something like this: Social Media Explained Twitter – I’m eating a #donut. Facebook – I Iike donuts. LinkedIn – My skills...

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Bolstered by cultural assumptions, women have been made to feel they can’t manage their own finances. This has led to a lack of financial knowledge, which has in turn, led to women not being financially independent. Unfortunately, many women believe someone else, a partner, parent or advisor will handle their finances for them.  I see women in my practice that have no knowledge or confidence to learn to be in control of their...

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