Money CHIC: Financial Wisdom and Advice for Single Women

When it comes to the financial industry, there can be a lot of different terms and definitions that may confuse you. On today's episode, we're going to explore some of these definitions and explain their relevance to you when planning for retirement. A fiduciary is someone sitting on the same side of the table as you. Inflation is about how much your dollar buys you versus what it bought you a yea...

We are opening up the mailbag today to answer some of your questions. Mary has $1.4 million saved, how much can she spend yearly without running out? The rule of thumb says 4% a year, but a more detailed analysis of your plan can give you a more exact number and strategy. Georgia has all of her money in one IRA. She is wondering whether she should move some of it someplace else? You can be diversi...

There are some things in life you can guess at. However, when it comes to retirement planning there are some things you really shouldn't guess at. Most of us not working with an advisor may rely on guessing as a planning strategy. But what could go wrong if we do so? When it comes to your monthly income don't make assumptions. Some pre-retirees assume they'll need less money but that's not always...

Today we are exploring what financial experts are claiming to be the most important part of retirement planning and whether Shari agrees or disagrees. A lot of people view retirement as a destination, but have you thought about what you'll do with your time once you are there? If you are starting out in your career the best time to start saving is now. Do you know how much you'd like to spend a ye...

Do you have any money biases and what could they be costing you? A recent Morning Star study revealed that most of us hold at least some financial biases. Everyone has different views on money but it's important to reflect on those views. Do you go for immediate rewards over long-term goals? Have you overreacted to headlines before? Most of us have probably fallen to one or more of the four money...

There are a lot of terms and terminology surrounding the financial industry that can be confusing. So, on today's episode, we are going to break down some of these terms and what they mean to you and your financial plan. Depending on where you are in the country there can be different terms for the same product or strategy. You don't want regional linguistic differences to confuse you when it come...

We are all going to get to retirement eventually, but our journeys may look very different getting there. There are a lot of risks women face when it comes to saving for retirement. In a male-dominated field like the financial industry, it can feel like their risks are not discussed enough. The wage gap, less time in the workforce in order to raise children, and taking care of the family are all r...

We are continuing our 22 money resolutions for 2022 today. Have you checked your credit lately? It's a quick and easy process. Now might be the best time to audit your subscriptions by printing out your credit card report. Are you thinking about taxes? Don't wait until tax season to start planning. Join us for our last episode of the year as we discuss these resolutions and more!   Read and get ad...

As we approach the end of the year it's a great time to think about resolutions. Over the next two shows, we will be going over 22 money resolutions for 2022. Let's have a great financial year! On today's episode, we will discuss reducing debt, retirement accounts, emergency funds, and more. Some of these are quick tips while others involve working with an advisor, but all are valuable considerati...

If you feel like you are behind on your retirement savings you may be in better standing than you realize. As you reach 50, you'll want to really start thinking about retirement and whether you need to be saving more as you reach retirement age. On today's show, we will discuss some ways you can catch up on saving for retirement if you feel like a "late bloomer."    Read and get additional financi...

We are opening up the mailbag today and answering some listener questions! Are you thinking of retiring early? Make sure you have a plan. You won't be able to access your 401(k) or IRA until you are 59 1/2 and Medicare eligibility isn't until 65. As you approach retirement what kind of risk should you be taking? Shari advises having risk buckets and working with your advisor to understand what kin...

Imagining a pyramid is a good way to think about your retirement plan structure. Your plan will be stable and thorough. You will need your base, a secured reliable income. These are guaranteed streams of income like Social Security or a pension. The middle of your pyramid will be the investments you've made while saving for retirement. Think of your 401(k) or IRA. The top is what you will do with...

There are benefits to different types of retirement accounts and when you will pay taxes on those accounts. Whether you should invest in tax-deferred accounts will depend a lot on your income level and personal circumstances. On today's episode, we are going to discuss the pros and cons of different types of taxable accounts and their tax consequences. We will be covering Roths, IRAs, CDs, and mor...

A successful retirement plan for couples starts with communication and collaboration. Couples often avoid discussions about their finances and retirement plans, but this can lead to future financial issues. It is important to have conversations about your long term plans and how you will achieve them together. On today's show, Shari is speaking on some of the most common mistakes she sees couples...

Our financial plans can have many gaps. Sometimes financial gaps can be uncomfortable to speak about like having to plan for long term care. Or perhaps you are thinking of retiring early but you may not be eligible to receive Social Security or Medicare just yet. In either case, addressing these gaps before they occur will be the best way to keep your retirement plan on track. Today, Shari is revi...

So, you're experiencing some concerning symptoms? Let's have a visit with the money "doctor" to see what financial prescriptions you might need. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

There's an old quote that says, "Age is the price of wisdom." Let's talk about how that applies to the financial world. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

So much focus in the financial world revolves around accumulating money. There's all sorts of advice, how to guides and guardrails in place when it comes to saving and investing, but a lot less resources out there to help retirees navigate the period of time after retirement. This is known as decumulation, the spending down and managing of the assets you've accumulated through your life. And on th...

On today's show, we take some mailbag questions that have been sent in from our listeners. We will discuss longevity and how it relates to social security arguing about money, and much more. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

At first glance, each of these statements seem like basic common sense that everyone agrees with. But when we look at the way people actually behave with their money, it seems that common sense is actually a bit uncommon. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

Before you can effectively put together a retirement income plan, it's important to understand your own tendencies for spending. Let's explore the different personalities. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

It seems that most people don't have a clear picture of whether they should contribute to a traditional IRA, or a Roth. Let's discuss how to determine which one is best for you. Website :  https://greenwaywealthadvisory.com/ Phone : 703-255-2808 Email :  shari@greenwaywealthadvisory.com

One of the biggest concerns from retirees and pre-retirees is running out of money. You have saved and put money away during the course of your working career, but now it's time to take money out and many people worry that what they have isn't enough. This issue can be addressed by putting together an income plan. Shari discusses how she builds an income plan for her clients and why having a writt...

Welcome to the Money Chic Podcast! In this first episode, you'll get to meet your host Shari Rash. You'll learn a little about her background, her business, and what to expect on future podcasts. There are many great episodes on the way about a wide variety of topics, but take a few minutes to get to know Shari a little better before you dive in! Website :  https://greenwaywealthadvisory.com/ Phon...