WEALTHTRACK WOMEN

HOW A WOMAN INVESTOR DIFFERS FROM A MAN

April 22, 2014

That old line about how women are from Venus and men are from Mars seems especially true when it comes to a woman’s approach to investing. For women, money is part of life’s complex mosaic. They want advisors who are good listeners, even confidants.

Many Women Fear Becoming “Bag Lady.”
Many Want Oprah to Advise Them

Even women worth many millions of dollars fear ending up on a street corner with a tin cup, says Dorie Fain of AndWealth in New York. While baring one’s soul isn’t what you expect to happen when a financial advisor meets with a male client, many women want to do just that with an advisor who reminds them of Oprah Winfrey, says Jennifer Hatch of Christopher Street Financial in New York.


More On Women’s Risk Aversion: Women vs. Men: Risk Aversion

More On Women Wanting Oprah Type: What Women Want in a Financial Advisor

Wives Need to Be More Assertive

When a traditional married couple sees their financial advisor together, the wife often ends up feeling that her financial questions are “dumb,” says Debbie Taylor of Taylor Financial Group in Franklin Lakes, NJ. Debbie goes through the specific steps she takes to financially empower wives.

More On Women Asserting Themselves:  Women & Money: “You Need to Take Control Now”

What Women Should Expect from a Financial Advisor

When Debbie Taylor invites clients to lunch, the invitation may read “For Women Only.” The guests are likely to include wives who need to be able to ask questions they might not in front of their husbands. It’s all part of Debbie’s financial empowering process for women, a process she emphatically says every woman needs.

More On Women Asserting Themselves:  Women & Money: “You Need to Take Control Now”

Naturally More Risk Averse, Women are Better Investors than Men

Being a risk averse investor isn’t necessarily a bad thing, says Eve Kaplan of Kaplan Financial Advisors in Berkeley Heights, NJ. Indeed, because they are more patient and take a longer view, women actually are better investors than men, according to Maura Griffin of Blue Spark Capital Advisors in New York.

More On Women’s Risk Aversion: Women vs. Men: Risk Aversion

MORE ABOUT OUR GUESTS

Dorie Fain

DORIE FAIN

AndWealth

Ms. Fain runs a boutique financial advisory firm for a select group of women who are managing their new-found finances for the first time. She spent 12 years at Smith Barney, where she was the youngest woman ever hired into their training program.

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MAURA GRIFFIN

Blue Spark Capital Advisors

Ms. Griffin has more than 20 years experience in the financial services industry, including stints at UBS Equities Research and Citigroup Private Bank. A graduate of Georgetown University, she is a Certified Financial Planner.

MORE FROM MAURA GRIFFIN
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JENNIFER HATCH

Christopher Street Financial

Ms. Hatch has more than 20 years of Wall Street experience, including stints at JP Morgan and Bear Stearns, where she specialized in high yield bonds and international equities. She is a Certified Financial Planner dedicated to solving the financial dilemmas of same-sex couples.

MORE FROM JENNIFER HATCH
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EVE KAPLAN

Kaplan Financial Advisors

Before starting her own firm, Ms. Kaplan spent many years in international finance in New York, Tokyo, Singapore, and Rotterdam. In Rotterdam, she managed nearly $1 billion in invested equities.

Columns on The Alternative Press

Contributions to Forbes

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DEBRA TAYLOR

Formerly a practicing attorney, Ms. Taylor heads a full-service wealth management firm that provides a multidisciplinary approach to the needs of her clients, which include high net worth individuals and families.

Columns on The Alternative Press

Contributions to Forbes

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TAX TIPS THAT MAY $AVE YOU MONEY

April 8, 2014

When you go to your financial adviser, how much time do you spend talking about taxes? Probably not enough. Incomes taxes, capital gains taxes, estate taxes . . . you know what they are. For these financial advisers, each of whom specializes in women clients, talking about taxes is a priority. You should hear what they’ve got to say.

Uncle Sam Wants to Give You a Gift

It’s a gift that can make every woman’s (and man’s) retirement years that much nicer.  It’s easy to collect your gift. Just do this, says Jennifer Hatch of Christopher Street Financial, a New York financial advisory firm that specializes in advice for LGBT persons.

More on Roth IRAs

What is a Roth IRA and Why do I Need One?

Potential Tax Pitfall of Variable Annuities

Women live longer than men, so it’s especially important for them to know that when they buy a variable annuity, they may lose tax advantages they have already accrued, as Eve Kaplan of Kaplan Financial Advisors in Berkeley Heights, NJ, explains.

More on Variable Annuities

What’s a Variable Annuity?

Pros and Cons of Variable Annuities

Got a Whole Lot of Money?

You would be surprised how many wealthy women and couples do not have financial plans that are up to date, and thus aren’t keeping up with continuously changing tax laws, according to Dorie Fain, founder and CEO of AndWealth in New York.

More on the Perils of Incomplete Financial Planning

Six Reasons Why Your Retirement Could be a Financial Failure 

Paying for College is Painful

Don’t make it worse by missing out on tax benefits many people fail to consider, says Maura Griffin, head of Blue Spark Capital Advisors in New York.

More on College Saving

What is a 529 College Saving Plan?

What is the American Opportunity Tax Credit?

What are Federal Stafford Loans?

Do You Really Need a Bypass Trust?

With women in control of a growing share of Americans’ personal wealth, they too need to think about whether they need a bypass trust to pass money tax-free to the surviving spouse. Debbie Taylor of Taylor Financial Group goes into detail.

More on a Bypass Trust

What is a Bypass Trust?

The New Portability Rules

Should Financial Planners Bypass the Bypass Trust?

 

MORE ABOUT OUR GUESTS

Dorie Fain

DORIE FAIN

AndWealth

Ms. Fain runs a boutique financial advisory firm for a select group of women who are managing their new-found finances for the first time. She spent 12 years at Smith Barney, where she was the youngest woman ever hired into their training program.

MORE FROM DORIE FAIN
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MAURA GRIFFIN

Blue Spark Capital Advisors

Ms. Griffin has more than 20 years experience in the financial services industry, including stints at UBS Equities Research and Citigroup Private Bank. A graduate of Georgetown University, she is a Certified Financial Planner.

MORE FROM MAURA GRIFFIN
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JENNIFER HATCH

Christopher Street Financial

Ms. Hatch has more than 20 years of Wall Street experience, including stints at JP Morgan and Bear Stearns, where she specialized in high yield bonds and international equities. She is a Certified Financial Planner dedicated to solving the financial dilemmas of same-sex couples.

MORE FROM JENNIFER HATCH
LinkedIn

EVE KAPLAN

Kaplan Financial Advisors

Before starting her own firm, Ms. Kaplan spent many years in international finance in New York, Tokyo, Singapore, and Rotterdam. In Rotterdam, she managed nearly $1 billion in invested equities.

Columns on The Alternative Press

Contributions to Forbes

MORE FROM EVE KAPLAN
Twitter LinkedIn

DEBRA TAYLOR

Formerly a practicing attorney, Ms. Taylor heads a full-service wealth management firm that provides a multidisciplinary approach to the needs of her clients, which include high net worth individuals and families.

Columns on The Alternative Press

Contributions to Forbes

MORE FROM DEBRA TAYLOR
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THE IMPORTANCE OF TAX PLANNING

April 1, 2014

As the saying goes, it’s not what you make, it’s what you keep.  A woman’s chances of achieving financial security — both today and for all the tomorrows to come — improves greatly with sound tax planning. These skilled financial planners, all of whom specialize in women clients, have some money-saving suggestions that,  if you’ll pardon the pun, make a lot of “cents.”

Attention Recently Widowed and Divorced Women

The first time a woman (especially one who’s never handled family investments) pays estimated quarterly taxes or asks for a filing extension can be highly emotional, but with time and education it’ll all work out, says Dorie Fain, founder and CEO of AndWealth in New York.

More on Paying Estimated Taxes & Asking For An Extension

NY Times: A Paralyzing Fear of Filing Taxes

The Skinny on Paying Estimated Taxes

Over 50 and Own Your Own Business?

How one woman is successfully playing catch up with her retirement savings using this tax-friendly strategy, with the help of Maura Griffin, head of Blue Spark Capital Advisors in New York.

More on Retirement Catch Up

What is a Defined Benefit Plan?

What is a Solo 401K? 

“People Forget to Think About Taxes”

More women are working and controlling large amounts of income-generating assets. Debbie Taylor, who has a law degree and is a CPA by training, and now heads Taylor Financial Group in Franklin Lakes, NJ, has some thoughts about how to avoid paying up to nearly 50% of your annual income in taxes.

More on Forgetting About Taxes

Tax-free Estate Benefits of Roth IRAs Curtailed in Obama Budget

A Loving Way to Cut Your Tax Bill

The Beatles may be right that money “can’t buy me love.” But getting married or remarried can result in a big tax saving for you or that new man in your life, as Eve Kaplan of Kaplan Financial Advisors in Berkeley Heights, NJ, explains.

More on Getting Married

Marriage Bonus and Penalty Tax Calculator

Attention Same-Sex Couples Who Just Said “I Do”

With all the advantages that come from being legally married may come some tax disadvantages, though they are more than offset by the advantages, as Jennifer Hatch of New York-based Christopher Street Financial, the well-known financial advisory firm for LGBT’s, emphasizes.

More on Same-Sex Marriage Penalty

Tax Issues of Same-Sex Marriages

MORE ABOUT OUR GUESTS

Dorie Fain

DORIE FAIN

AndWealth

Ms. Fain runs a boutique financial advisory firm for a select group of women who are managing their new-found finances for the first time. She spent 12 years at Smith Barney, where she was the youngest woman ever hired into their training program.

MORE FROM DORIE FAIN
Facebook Twitter LinkedIn

MAURA GRIFFIN

Blue Spark Capital Advisors

Ms. Griffin has more than 20 years experience in the financial services industry, including stints at UBS Equities Research and Citigroup Private Bank. A graduate of Georgetown University, she is a Certified Financial Planner.

MORE FROM MAURA GRIFFIN
Facebook Twitter LinkedIn

JENNIFER HATCH

Christopher Street Financial

Ms. Hatch has more than 20 years of Wall Street experience, including stints at JP Morgan and Bear Stearns, where she specialized in high yield bonds and international equities. She is a Certified Financial Planner dedicated to solving the financial dilemmas of same-sex couples.

MORE FROM JENNIFER HATCH
LinkedIn

EVE KAPLAN

Kaplan Financial Advisors

Before starting her own firm, Ms. Kaplan spent many years in international finance in New York, Tokyo, Singapore, and Rotterdam. In Rotterdam, she managed nearly $1 billion in invested equities.

Columns on The Alternative Press

Contributions to Forbes

MORE FROM EVE KAPLAN
Twitter LinkedIn

DEBRA TAYLOR

Formerly a practicing attorney, Ms. Taylor heads a full-service wealth management firm that provides a multidisciplinary approach to the needs of her clients, which include high net worth individuals and families.

Columns on The Alternative Press

Contributions to Forbes

MORE FROM DEBRA TAYLOR
Facebook LinkedIn

 

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