Women are the predominant benefactor in the great wealth transfer — what comes next? – Financial Post

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by TD Insurance

It is imperative that women be informed, educated and clear on how our wealth will fund our future

Publishing date:

Apr 06, 2022  •  34 minutes ago  •  3 minute read  •  Join the conversation So often women have a negative reaction to the concepts of budgeting, investing and planning. Photo by Getty Images/iStockphoto files

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Previous generations, quite often, held the same job and worked for the same company their entire career. They had regular deductions taken off their pay, and this became their defined-benefit pension plan for life and a secure retirement. Little autonomy or acumen was required around wealth preservation or estate planning for the majority of people.

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We are quite likely the first generation that has had to be individually focused on and accountable for how we are saving and investing for retirement. “All the rules have changed in the last couple decades and we have failed to let people know about it,” Dr. Brad Klontz, certified financial planner and financial psychologist, said in the documentary $avvy.

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As a community of investors, women in particular need to gather information, be part of a safe space to talk about building a secure future, reach out to experts who can talk to us in a way we understand, and connect with trusted and relatable advisers to help us get personal about the best approach for our lives and goals.

It is amazing to look back over the past …….

Source: https://financialpost.com/personal-finance/family-finance/women-are-the-predominant-benefactor-are-the-greatest-wealth-transfer-in-history-and