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How often do we let our assumptions rule the day, relying on what we assume to be true without really knowing the facts. Assumptions can cause a tremendous amount of unnecessary stress and anxiety often prompting us to make decisions that are not always healthy or productive. Or worse, avoid making decisions at all.
The biggest thing that holds women back in their finances is not making a decision.
Because women are often hesitant to become more engaged with their financial affairs they often make decisions based on assumptions, not fact. Yet, in many cases, when a woman sits down to create a big picture retirement plan with her money coach, she learns that her future may not be as grim as she assumed.
According to the Allianz Women, Money and Power Study (2017), 37% of women surveyed said they feel somewhat financially insecure. These feelings increased for divorced women. I find that to be true when meeting with women who want to take charge of their finances. Divorcees and widows tend to worry about money at a deeper level compared to other women. Rightfully so.
Related: Are Baby Boomer Women in Trouble?
However, the good news is that working with a financial coach can significantly reduce feelings of insecurity. According to the Allianz Study, when women work with a financial professional:
Don’t let assumptions rob you of your financial peace of mind. Go ahead and give yourself the gift of creating a big picture retirement plan and then use it.
Don’t file it away in a drawer collecting dust. Keep it out in front of you, reminding you that you have a safe and secure future. You have a plan to reach that future. Then assumptions no longer play a role with you and your money.
Here’s to your {future} financial security!