“Gray Divorce,” or divorce among couples 50 or over, has risen dramatically over the last few decades, more than doubling since 1990 according to a Pew Research Center report. During this same time period, the divorce rate overall has fallen. So why are we seeing such a spike in the divorce rate for older Americans?
Atlanta Financial Press Releases
Atlanta Financial’s Cathy Miller Receives the Women’s Choice Award® as Highly Recommended Financial Advisor by Women for Women
Atlanta – July 27, 2017 – Atlanta Financial Associates, an independent financial advisory firm, today announced that Cathy C. Miller, MBA, CFP®, CRPS®, CDFA™, has received the Women’s Choice Award ® for Financial Advisors and Firms. As the leading advocate for female consumers, WomenCertified Inc. selected Miller based on rigorous research, 17 objective criteria and additional points of reference that provided feedback regarding her service and practices.
The Women’s Choice Award is the only recognition program for well-qualified advisors who are committed to the women’s market and serving their female clients. Achieving this award reaffirms the commitment Miller has to extraordinary service in addressing the financial needs of women and their families.
“I am honored to be recognized by women as a financial advisor for women,” said Miller. “I continue to be passionate about helping women make smart decisions to ensure a successful financial future.”
Recent studies indicate the following in regards to women and their finances:
- Only 35 percent of women use a professional financial advisor, with most (79 percent) using an advisor for retirement investment recommendations only.*
- In the U.S., women control about $11.2 trillion of the nation’s investable assets (39 percent of the country’s estimated $28.6 trillion of investable assets). Nearly half of that is managed solely by women.***
- Fewer than two in 10 women feel “very prepared” to make wise financial decisions. Half indicate that they “need some help,” and one-third feel that they “need a lot of help.”****
As the financial industry wakes up to the fact that a great majority of the female population are seeking advisors they can trust and greatly value financial security, WomenCertified Inc. has created the solution. This powerful, national initiative distinguishes advisors who support female consumers in their quest for financial education. WomenCertified, was created by Delia Passi, the leading advocate for female consumers and former group publisher of Working Woman and Working Mother magazines. Passi has created the Women’s Choice Award for Financial Advisors in an effort to help women identify those advisors who are committed to providing quality service. The award allows this outstanding group of advisors to showcase their commitment to the women’s market, while giving potential clients a starting point for entrusting their finances to an advisor.
ABOUT ATLANTA FINANCIAL ASSOCIATES
Since 1992, people have been turning to the advisors at Atlanta Financial Associates to help them build a wealth management plan that reflects their vision and can stand the test of time. Our ability not only to meet this expectation, but to exceed it, is based in large part on the commitment we make to every one of our relationships. We take the time to understand your full life picture—your values and perspectives, as well as where you are now and where you want to go. Adding to this is the fact that we have access to comprehensive resources, leading technology, and innovative tools. For more information about Atlanta Financial, please visit www.AtlantaFinancial.com.
Atlanta Financial Associates’ address is 5901-B Peachtree-Dunwoody Road, Suite 275, Atlanta, GA 30328. The phone for the branch is 770.261.5380. Securities offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services and advisory services offered by Atlanta Financial Associates, Inc. are separate and unrelated to Commonwealth.
ABOUT THE WOMEN’S CHOICE AWARD
The Women’s Choice Award® Financial Advisor program was created by WomenCertified Inc., the Voice of Women, in an effort to help women make smart financial choices. The Women’s Choice Award Financial Program is based on 17 objective criteria associated with providing quality service to women clients, such as credentials, experience, and a favorable regulatory history, among other factors. Financial advisors do not pay a fee to be considered or placed on the final list of Women’s Choice Award Financial Advisors, though they may have paid a basic program fee to cover the cost of their client survey. The inclusion of a financial advisor within the Women’s Choice Award Financial Advisor network should not be construed as an endorsement of the financial advisor by WomenCertified Inc. or its partners and affiliates and is no guarantee as to future investment success. Women’s Choice Award® Financial Advisors and Firms represent less than 1% of financial advisors in the U.S. As of February 2017, of the 815 considered for the Women’s Choice Award, 146 were named Women’s Choice Award Financial Advisors/Firms. For more information, please visit www.womenschoiceaward.com/.
** 14th Annual Transamerica Retirement Survey of Workers (2014)
***Source: Harnessing the Power of the Purse, by the Center for Talent Innovation 2014
****Source: Financial Experience &Behaviors Among Women, 2010−2011 Prudential Research Study (article breaking it down here).
When Congress passed the recent $1.5 trillion tax bill (The Tax Cuts and Jobs Act or TCJA), it triggered the first comprehensive revamp of the U.S. tax code in more than three decades. As we prepare to file our 2018 tax returns, Americans will feel the effects of this legislation for the first time. For most, the effects will be positive. In fact, 80% of Americans will see their taxes drop. However, not all the news is good. There will be inevitable surprises as 2018 taxes are filed with one particularly nasty “gotcha” that will likely catch many taxpayers off guard.
I was recently asked by a cousin during a New Year’s Day lunch conversation, “If you had to name the one key to starting a good financial plan at my age, what would it be?” My reply came without hesitation – “Margin.”
To provide context as to how the question arose, he and his wife are in their late 20’s. They married fairly young, have already survived some incredibly difficult life events together, purchased their first home, adopted two dogs, and are now expecting their first child. He understands the value of a dollar, the meaning of hard work, and is, quite frankly, one of the most principled men I know. So, what he was really asking was simply this: If we are looking to REALLY start getting our act together financially, and begin to put ourselves on a path to build wealth, where should we start? By the look on his face, my cousin was expecting something quite different in response, but quickly caught on to what I meant as we continued to chat.
As your parents age, they will probably need more help from you. But it may be difficult to provide the help they need, especially if they’re experiencing financial trouble.
Money can be a sensitive subject to discuss, but you’ll need to talk to your parents about it in order to get to the root of their problems and come up with a solution. Before you start the conversation, consider the following four scenarios as signs that your parents might be experiencing financial challenges, and how you can make things easier for them.