WEALTHTRACK WOMEN
HOW A WOMAN INVESTOR DIFFERS FROM A MAN
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 “Bag Lady” Fears: US Women Have ”Bag Lady” Fear
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.
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.
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
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
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
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
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
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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.
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TAX TIPS THAT MAY $AVE YOU MONEY
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
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.
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.
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 ABOUT OUR GUESTS
DORIE FAIN
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
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
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
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
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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.
MORE FROM DEBRA TAYLOR
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THE IMPORTANCE OF TAX PLANNING
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
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.
“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
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
MORE ABOUT OUR GUESTS
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
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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 MORE FROM EVE KAPLAN
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DEBRA TAYLOR Taylor Financial Group 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. MORE FROM DEBRA TAYLOR
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