Regardless of gender, a good financial plan is one that is unique to you and the goals you set for yourself. But a financial plan that works for the man in your life may not automatically work for you.
There are added factors that make certain planning elements more critical to women. There is often a need to balance care giving for children or older parents with a career and other personal commitments. Women worry about leaving a legacy, and becoming a burden to their children in the future. Some of these ‘life factors’, coupled with the concerns women tend to have when it comes to their wealth also suggests that women may choose to invest differently from men. Read More