Consistent with my desire to financially empower women, I have been working with other researchers to understand why women are not financially empowered. Why are women not as prepared for retirement? Why are women not as financially literate? Why are women not as confident? One area where we hope to add to the body of knowledge is the area of cohort theory where we are finding very different financial behavior from generation to generation and the empirical results that we have found to-date con...
Sep 02, 2015•49 min
Last year President Obama remarked on equal pay for equal work, which got people talking. He said that “Today, the average full-time working woman earns just 77 cents for every dollar a man earns He went on to say that “in 2014, that’s an embarrassment.” We know this data is correct and no one is disputing that there is a wage gap, but some want to debate that the difference is due to women’s life choices — such as women choosing to leave the workforce when they have children or take care of par...
Aug 05, 2015•48 min
Over the past eight years of financial turmoil, more Americans from all different backgrounds have suffered from shocks to their wages and benefits. Some people are still out of work. In addition, home values and personal saving have also taken a hit. Another disruption to many Americans, something many people don’t consider, has come in the form of disabilities. According to the U.S. Census Bureau, almost 57 million people had a disability in 2010. And on top of all that we know that half of al...
Jul 08, 2015•52 min
As a nation, Americans owe billions on outstanding credit cards and the average U.S. household with at least one credit card owes over $15,000 in credit-card debt. Many Americans are in trouble as they endure harassment from debt collectors, yet only a fraction of people seek aid from a credit counselor. Many people confuse credit-counseling agencies with debt-settlement companies, who are often fraudulent organizations who make promises they can’t keep. Credit counselors advise people on how to...
Jun 19, 2015•49 min
There are many academic and non-academic studies that talk about the power that women have over money. A recent 2013 study that showed that 40% of households with children under the age of 18 were headed by breadwinning women. That's four times higher than the number of breadwinning women who headed their households in 1960. Along with earning more, women are taking control of their family's finances. In marriages where the wife brings home a bigger paycheck, the woman is twice as likely as her ...
May 20, 2015•47 min
Today’s show features Marty Guerrero, author of “Exposed: Auto Repair’s Dirty Little Secrets to Rip You Off!”, where she explains how we can take back our power when dealing with auto mechanics who often charge fees for services which are either unnecessary or, in some cases, aren't even done. She exposes mechanics’ tricks and offers additional advice on things that you should know about your car to stay safe on the road. Find more information about Marty and her book on her website: www.martygu...
Apr 24, 2015•42 min
Women constitute 51 percent of the population and are earning, inheriting and controlling more money than ever. Yet a recent survey across the United States, United Kingdom and Asia surveyed women with a personal income of at least $100,000, or investable assets of $500,000 or more, and the research indicated that more than half of women surveyed do not have financial advisors. In the U.S., 47% of female wealth creators and 75% of women under 40 report not having an advisor. The numbers are high...
Mar 23, 2015•38 min
While Social Security is important to most Americans, it is especially crucial to the financial security of women. Women live longer than men and they are less likely to receive a pension from their employer. According to the Institute for Women’s Policy Research, in 2010, 46 percent of elderly unmarried women relied on Social Security for 90 percent or more of their total income. Social Security helps keep women aged 65 and older out of poverty. Social Security is dedicated to promoting public ...
Jan 06, 2015•35 min
It seems a good time to talk Medicare since we are in the middle the 2015 Medicare Annual Enrollment period which ends on December 7th. Medicare is the federal health program that provides health coverage to 50 million Americans ages 65 and older and younger adults with permanent disabilities. Medicare is a vital source of retirement security for 23 million women ages 65 and over, who tend to have lower incomes to pay for health care. Women also tend to have more chronic conditions than older me...
Nov 17, 2014•34 min
This episode is about making the decision to finally claim your financial power; it’s about learning from your mistakes and deciding not to be a victim of poor financial decisions. I have been in finance all of my working life and I have met hundreds of women who have chosen to be financially dependent – usually dependent upon a man. I’m not just talking about uneducated or non-working women. Often they are college educated, who also contribute to the household finances. On this show I have invi...
Sep 03, 2014•43 min
Allowing our emotions drive decisions will almost always result in a large financial mistake. We know that emotions often get in the way of our decisions and there is no exception when we talk about the average American family’s single largest asset - their home, which conjures up all kinds of emotion. Home is that safe place where you feel comforted and loved. For many women it is a place of security, it is where we raised our children, had our first…” fill in the blank”. We have many memories ...
Aug 04, 2014•45 min
For many of us, our human capital (we measure this as the PV of all of our future earnings) is greater than our financial capital. As a financial adviser, I view Human Capital as a very important asset in our overall wealth. On this show we are going to talk about how woman can grow this very important asset class by discussing empowerment in your career. The most fundamental way for you as a working woman to increase your human capital is to get a raise. Of course we want to convert this human ...
May 05, 2014•42 min
Many of you have heard me say that when we plan for retirement, we should look at the things that we can control and put together our best plans to increase our probability of success. Well that is all well and good but there is one thing that we cannot control and it is an area of life that scares us all. Yes, we are talking about rising health care costs. Many people find the idea of planning for these costs so daunting that they choose to ignore these costs altogether when planning for retire...
Apr 09, 2014•42 min
Today’s show is focused on international investing. While many investors have been shying away from investing in Europe and Emerging Markets, a well-diversified portfolio will have international investments that go beyond today’s news. Our guest today is Bill Chisholm from Thornburg Investment Management who helps us understand why international investments are important. Over the past 10 years, international investments have outperformed the US market, as measured by the S&P 500, 7 out of 1...
Mar 11, 2014•46 min
In today’s show we discuss two very disparate topics; Women’s empowerment as consumers, and What are ETFs? Women’s Empowerment as consumers: Money is one of the major sources of power. Understanding, controlling, managing, spending and earning money provides status, power, freedom and control of everyone and everything that money can buy. As women, holding these abilities over money tips the scales and balances power, which is why I think the idea of financially empowering women is so very impor...
Feb 05, 2014•38 min
For mothers of special needs children financial planning is not an option but rather a necessity! The child’s quality of life will depend upon your actions or inactions, as well as your ability and willingness to prepare today for tomorrow. Planning for children with special needs must be coordinated within the parents’ personal financial plan. When we work with a family with special needs we need to balance Comprehensive financial planning for the entire family with the needs of the child while...
Dec 11, 2013•49 min
Women provide the majority of informal care to spouses, parents, parents-in-law, friends and neighbors, and they play many roles while caregiving—hands-on health provider, care manager, friend, companion, surrogate decision-maker and advocate. The demands on caregivers’ time are also substantial but women don’t abandon their caregiving responsibilities because of employment. Instead, they try to juggle combined pressures of caring for a loved one with their need for income and preparing for reti...
Oct 30, 2013•36 min
One thing preventing women from taking control over their financial lives is that we are often second-class citizens when it comes to earning money in most of corporate America where there has long been a salary gap along gender lines. The good news is that many female small business owners have discovered that business profitability is agnostic to the sex of the owner. If you are a small business owner or a woman who is considering starting a small business, this program is for you. We have inv...
Oct 08, 2013•37 min
We have invited Laurie Hauptman from Hauptman & Hauptman, P.C. to help us understand when you need an elder care attorney so that when a crisis hits, you’ll be emotionally, psychologically, and financially prepared to cope with this very difficult time. Laurie A. Hauptman, Esq. ( www.hauptmanlaw.com ) is a graduate of SUNY Binghamton and Hofstra Law School. For 8 years she was a trial attorney at a personal injury law firm before joining forces with her husband Yale in establishing Hauptman ...
Sep 18, 2013•46 min
Divorce can be devastating, both emotionally and financially. One joined life becomes two separate lives with separate finances and different directions. Assets must be split, pensions must be split, custody of children determined, and child support and or alimony established. Even in the best of circumstances where both parties are in full agreement and both want the divorce, the pressure is on since the same combined income that was used while they were married now must be stretched to pay exp...
Jul 27, 2013•45 min
Host Laura Mattia and special guest Deirdre Wheatley-Liss, Esq. discuss estate planning, trusts, and the important implications they can have to everyone, particularly women. The statistics indicating that women live longer on average than men and tend to marry older spouses results in over 3 times more women versus men being widowed by age 65. In addition, women receive lower earnings during their working years which impacts the amount of social security they receive. For women, estate planning...
Jun 28, 2013•49 min
What should consumers know about the affordable care act? When creating a financial plan and thinking about how to protect yourself and your family from large catastrophic risk, concerns around health care are bound to come up. This is one of the most concerning issues to most people today. As with anything else in order to prepare for any major financial exposure, the first step is to become aware, to become engaged and to actively participate. That is the purpose of today’s talk. You know medi...
Jun 06, 2013•31 min
Laura Mattia and guest Bonnie Jerbasi discussed alternatives to the divorce process in New Jersey. Bonnie is a lawyer and a certified family law mediator who gave some great tips on how to approach the end of a relationship with dignity. Mediation is an efficient, smart alternative to the standard method of battling things out in a courtroom. Laura and Bonnie discussed some hot button topics such as staying in the family home after a divorce and alimony. Bonnie is a contributing author on the to...
May 09, 2013•34 min
Today’s show is about inspiration and motivation. Host Laura Mattia talks to Jean Grossman about the impediments to becoming financially engaged and what can be done about it. The discussion involves understanding your belief system and the values that motivate you to achieving the life you want to have. Examples and strategies are provided, including handouts that can be retrieved from www.FinanciallyEmpoweringWomen.com Jean Grossman is a Certified Life Coach with a passion for helping clients ...
Apr 05, 2013•43 min
Today’s guest is Brigitte Bromberg. Bridgette has been a risk management expert for almost thirty years. She specializes in long term care insurance, disability insurance, life insurance and annuities. Brigitte is highly valued by other advisors and clients in general, who appreciate her knowledge and ability to focus on protecting families assets and businesses. Our focus today is on Long-term care planning since it is predominantly a woman's issue. Women live longer than men and are much more ...
Mar 11, 2013•35 min
Laura Mattia kicks off her new show and helps women claim their financial power with special guest Kristen Totaro: Area Director/Publisher at N2 Publishing, Owner of Snap Two It Photography, and Radio Show Cohost of Business Beat Radio. Thanks to our guest!
Feb 04, 2013•43 min
