Financial advisors in
Eden Prairie, MN

Historically, investing and retirement planning have been especially challenging for women. Women live longer than men, highlighting the risk of women outliving their money. Plus, career interruptions from having children can sideline women from their most productive earning years.

According to a recent Bankrate survey, nearly three out of four (74%) of U.S. adults have a financial regret. The most common is not saving early enough for retirement (21%), followed by taking on too much credit card debt (15%) and not saving enough for emergencies (14%).

After you’re gone, everything you own becomes your “estate.” This includes your house, car, possessions (even pets), investments, and savings. You need to plan for how these assets are distributed after you’re gone by creating an estate plan. It’s also critical that you maintain a secure document that lets loved ones know how to find your important estate planning documents and financial account information when they need to.

More than a third (36%) of adults who are married or in a serious relationship report that money is the single biggest source of stress in their relationship, according to a 2018 Harris Poll/Ally Bank survey. Often, friction can occur when one partner is a saver and the other a spender.

Most people invest and try to anticipate (or guess) what the stock market, bond market, and interest rates will do, and then change their investment strategy based on where they think the markets are headed. This is a flawed strategy. People who invest based on where they think the stock market, interest rates, or energy prices will go — pick just about any economic variable — will soon become very frustrated.