Did you know that your IRA doesn't have to be just stocks and bonds. Find out what else you can invest in from beachfront property to Costa Rican hardwood trees.
When it comes to lending money to family and friends, the words that should first come to mind for our generation: Don't do it!
The 2011 National Foundation for Credit Counseling Survey says nearly a quarter of Americans asks friends and family for money when they find themselves short on cash or staring at financial hurdles that they can't get over without help. Adult children consider The Bank of Mom and Dad the lender of first and last choice.
These days, more than 40 percent of weddings involve a bride or groom who has been married before. And one - sometimes both - have children from a previous relationship. Statistics tell us that 70 percent of second marriages with stepchildren fail.
The strain of recent financial hard times has touched us all. But there's another serious wake-up call for midlife women. Since women, on average, live five years longer than men and, given the fact that at age 65 our income is half that of a man's, there's urgency to develop a personal,long-term money plan. We must factor in this longer life expectancy and carefully plan the rate at which we spend our savings.
If we're being sober about this – and we should be - women must therefore anticipate and prepare for several retirement scenarios:
That's a nice thought, but in reality, we're quite a way from an actual equal pay day.
It was 1963 when President Kennedy signed the Equal Pay Act. According to the Department of Labor at that time, women earned an average of 59 cents on the dollar of what men were paid for comparable jobs.
It's almost 50 years later—longer than most careers last—and we haven't even cut the wage gap in half.