While some women are hesitant to get into investing, there are others who feel nervous about taxes. If you didn’t know, taxes and financial planning go hand in hand. When you are in control of your finances, you lessen the chances of being surprised at tax time. And if you don’t have time to keep up with all of the nuances and changes to federal tax law, why not work with a Fee-Only financial planner who can keep you informed of how these changes may affect you?
In “The War on Working Women” Jill Melchior writes about how new taxes rates may persuade women who are “affluent, professional, and married” to leave the work force. And the female finance experts interviewed for “Women and Taxes: Tax Season Gender Gap?” mentioned clients who were surprised a tax time, such as women who are seniors and must handle financial matters for the first time because their husbands are too ill to do it. One of these experts also discussed why the fact that women tend to live longer would be a good reason for more women to choose Roth IRAs.
As a woman, you have a dizzying array of options when it comes to what to do with your money and getting solid advice on how to handle your finances can help you feel more confident about your choices. Even if you do not choose to do anything with your money besides put in into a savings account, you should be aware that this is a choice. And you need to get financial advice from someone who is aware of the unique challenges of your particular financial situation and help you sort through all of the financial planning advice out there.
Your needs come first when you work with Clarity Financial Planning, and you can expect unbiased advice on all aspects of your financial situation.