Women take on many roles throughout their lives – daughters, wives, mothers, and, increasingly, entrepreneurs. According to American Express, the number of U.S. businesses owned by women continues to rise and exceeds 12 million. The growth is not fueled by female millennials; two-thirds of women business owners are 45 or older. Women business owners need to diligent and disciplined about planning for retirement. Whatever your timeline, there are many unknowns—where and how long you will live, how much money you will need for day-to-day expenses, the state of your health. Many women find the retirement planning process intimidating. However, it is important to start thinking about the unknowns and variables now, regardless of your age. Make a Plan As we are living longer, we need to plan for a longer retirement, especially since women tend to outlive men. According to the Social Security Administration, a 65-year-old woman on average will…
WGN Radio – Saving For Retirement: Start Early, Be Disciplined, and Plan Prudently
Compounding investment returns are the gift that keeps on giving. This is the perfect time to re-post the important lessons I discussed as a guest on WGN Radio Wintrust Business Lunch. The topic was how millennials can save a million dollars. It is important to start early and be consistent. Save and invest every year. You also must be disciplined. Once you invest that money, you cannot touch it. Last, use reasonable assumptions for annual investment returns, or what you expect to earn on your money every year. Note – the segment begins at 23:45. WGN Radio Wintrust Business Lunch
Strategies to Dig Out of Debt
Want to dig out of debt, but not sure of where to start? In this post, I’ll fill you in on everything you need to know to create your own strategy to dig out of debt, effectively. First the good news: The unemployment rate is near an 18-year low. Housing values nationwide continue to climb as does the stock market. Now for the bad news: According to the Federal Reserve, total household debt has risen for the 15th straight quarter. This may appear counterintuitive. If the economy, housing values, and stock market are strong, why do consumer debt levels continue to rise? I think there are two reasons. First, upbeat consumer confidence often leads to higher spending and a greater comfort level with taking on debt. Second, as we all make more purchases online and through mobile applications, it is harder to track overall spending. If not monitored closely, spending…
New Book is Featured in The Winnetka Current
Thank you to The Winnetka Current for featuring me and my book today as the cover story of the Life & Arts section. In the piece, I discuss how important it is to find a way to save. For those just starting out, time is on your side. Take advantage of it. Winnetka Current 6.14.18
Manage Your Financial Life: Just Starting Out Featured on Working Woman Report
Working Woman Report, workingwomanreport.com, featured a summary of my new book Manage Your Financial Life: Just Starting Out. “Financial author Nancy Doyle has a new, easy to digest book about MONEY! Manage Your Financial Life: Just Starting Out is for those who are new to managing their money. She educates her readers and lays out a solid action plan for those faced with first-time financial realities.” Working Woman Report
New Book for Those Just Starting Out
I am excited to announce the release of my new book, Manage Your Financial Life: Just Starting Out, which is a comprehensive, easy-to-understand guide to help those in the early stages of their careers become more knowledgeable about their finances. See the link to the press release below. Press Release
Unorthodox Retirement Strategies That Actually Work
Planning for retirement looks very different than it did for previous generations. Most Americans working today do not have a defined benefit pension plan, or a traditional pension. The primary sources of retirement funds come from defined contribution pension plans, such as 401(k)s and 403(b)s, and from IRAs. In her piece, “11 Unorthodox Retirement Strategies That Actually Work”, Karen Doyle shares retirement planning ideas that diverge from traditional approaches. These strategies – mine and those of other financial experts – are helpful for all of us to consider. See link below. Karen Doyle “11 Unorthodox Retirement Strategies That Actually Work” www.gobankingrates.com GOBankingRates
Creative Approaches to Philanthropy
Managing your financial life also involves philanthropy, or investing in others. November is a time when we all think about giving back. There are many facets to philanthropy besides contributing financially. We have numerous opportunities to support important causes and not all involve money. You can donate items, give your time, or share a talent. In this guest column for the Daily Herald Business Ledger, I profile two impactful organizations that enable you to give in innovative ways. Check out the full article below:
A Book to Help Women Take A Thoughtful Approach to Managing Finances
Holly Osterman at Empartnow.com reviewed Manage Your Financial Life and described it as a good start for women who are trying to become better informed and take a more thoughtful approach to managing finances. See the full article below.
WIN Podcast – Get Your Finances in Order During National Self Improvement Month
Elisbeth Embry of featured me on her Women Investing Network (WIN) podcast, where many topics were discussed that will help all of us take control of our financial lives. See the transcript from the segment of my interview.