Wednesday, September 4, 2013

Women Look to Genworth Financial for Financial Planning Needs

Disclosure: Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.



Most of us have heard the statistic that men make more money than women. It is also a common fact that women generally outlive men. Both of those being true can lead to planning anxiety by the bucketfuls if you are a woman.

Even if you are married and your husband is the one who oversees all financial matters, it pays to have a quality understanding of the financial plan your family has in place. You especially want to know what plan is in place for your retirement should the unthinkable should occur.

Or if you are single, you may have anxiety wondering how should you go about planning for your retirement, both now and in the future. The big question: Will it be enough?

Fortunately, women are becoming more aware of the importance of overcoming their planning anxiety, and want to learn more about what to do, and how to go about it. Unfortunately, they also feel most of the information that is readily available is skewed towards a male audience. Women may have different questions, goals, and worries than men, and they need a financial adviser who understands.

Genworth Financial has recognized that need, and taken the necessary steps to create and present information in a way that answers the most common questions women have been asking. They have stepped up to the plate, so to speak, to remove planning anxiety and replace it with active planning.

106 comments:

Sandee said...

Everyone needs to plan for their retirement, but it's frightening how many don't give it a thought.

Have a terrific day. ☺

Holy Ghost Writer said...

Differences in every way I guess

Pat Hatt said...

Still say pffft for me, to broke and need to win the lottery haha

Growing Up Madison said...

I've never really worried about life after retirement but it is a great idea to start thinking about it now.

(Terry) My Journey With Candida said...

I let my Hubs take care of all the finances, but I should be trying to understand exactly what we have should the unthinkable occur.

Colette S said...

Hubs take care of the finances, but I wish to be more involved. Actually I wish I was the one handling it all because now he has gone mad.

Anyways, great info and I will try to learn as much as I can.

Brian Miller said...

ah def good to have a handle on the finances because you never know and then you get left with playing catch up in the after...if...

Cheryl @ TFD said...

This is something all women need to check out. You never know. Thanks for sharing!

Dawn Bedingfield said...

Even if you don't plan for retirement you need to plan for now. What if you loose your job, then what. A plan is a good idea.

Michelle H said...

What an interesting product to review. I'm interested in how they cater their information to women.

mail4rosey said...

From what I read, they go beyond the straightforward facts and figures that broadly appeal to men. I also read that women ask their financial advisers questions that are different than men (an example being, they want to know how to sustain their quality of living in retirement). Another interesting fact was that they reach out to include women in the decision-making process, even if the man is the sole breadwinner, because they want to help reverse the statistics that showed a large percentage of women don't understand what's going on w/the financial policies, and a good number of them have reported not liking the adviser their spouse has hired. They're not by any means excluding men, just offering a more comprehensive approach that appeals to women as well. It's a good site to check out, they really do have a lot of financial tips/advice to offer.

JellyRose said...

Everyone needs to be more financially aware, and save for the short-term and long-term future, and their retirement.
Although hubby deals with all the finances, I know (roughly) what is happening in our bank accounts etc etc.

Masshole Mommy said...

You know, you just never know. I think in general,people need to be more aware of their finances.

Kristi Maloney said...

We have had a financial planner for years. We just don't want to have to worry about that stuff...He just kind of puts on his magic gloves and moves money around for us....so far so good. lol

Corinne Schmitt said...

Finally someone in the financial planning business figured out that women need a different approach than men. I have always handled our finances and investments but it is frustrating to be spoken to as if I am a delicate flower when I meet with our financial advisor. He adjusted his manners and tone because I was a family, but not the advice.

Anonymous said...

One one hand, I'm a bit offended that they make such a big deal about it being for women. Finance is finance, whether you're a woman or a man. I know plenty of men who can't tell the difference between their IRA and personal checking accounts.
On the other hand, I think it's great for women like my grandma and mom. My mom doesn't have an issue knowing her finances, but in general, they didn't need to learn it all as young women or even married women.

Akhil Sharma said...

Financial planning should be the most important factor of our lives. But sadly, some people doesn't even care.

Areeba said...

That's awesome. Men think that women can't handle finance. Thanks for sharing this! Everybody should have knowledge on this!!

Bobbi Burleson said...

There is some great info here. I have always allowed the men in my life (father, husband) take care of the finances.

Teresa Moody said...

I do all the finances, so I always know what's going on. The hubs cant handle money-we would be broke if he did finances. lol

Theresa said...

I usually let my husband do all the finances here, but I really need to start involving myself more. If something happens to him, it's going to take me forever to figure it all out!

Pam said...

My husband usually does our finances but he is always trying to tell me what we have, where we are, etc. I need to pay more attention.

Pam said...

It is wonderful that they have this service out there for women and geared to women. I hope more women take control of their financial future and utilizes the services that are out there.

Anita Breeze said...

This is so important for women. My uncle was always very controlling and handled all the finances to the point where my aunt didn't even write checks. So when he dies suddenly of a heart attack my parents had to help her for years to sort out the finances and even teach her how to write a check and balance her bank account. No woman should put her herself in that situation.

Sarah-Louise Bailey said...

I'm awful at planning for the future but then we don't really have the money to do it anyway sadly. x

Melinda Dunne said...

I admit I am a great planner for most things but retirement isn't one of them, at least not yet. I certainly believe that most women have different ideas and needs than men when they plan on the future. I think having a financial planner that focuses on the needs of women is a wonderful thing.

Robyn Good said...

I'm not a great planner!

Courtney Pies said...

Since my mom passed away unexpectedly in May, I have definitely been thinking of the future - what happens in the future and what will happen to my family when I am gone. I want to make sure we are okay for the future.

Amanda McMahon said...

since i am no longer workingoutside of some free-lance stuff this is important for me to really consider

Healy Harpster said...

Thanks for this informative post. This is really important and a must read for us all women in order to have a better understanding about our finances.

Samantha said...

i do all the finacial stuff.he makes the money but i take care of it

Karen Glatt said...

It is so important to make sure to save and plan for retirement. The costs are high and needing to know how much to set aside every month is very important to a person's quality of life. Genworth is a good place to get help with this.

Cyndie said...

Thank goodness for a company that looks after a womans financial well being.

Dawn Bedingfield said...

Great info for women or anyone to read about.

Amberlee said...

Thank you for sharing this. We have not started planning for retirement but the sooner we start the sooner we can. Thanks!

Paul Farrugia said...

They should teach financial planning in schools. Its so important.

Debarpan Mukherjee said...

I guess now the concept getting changed,many womens are actually making more money than men.

HilLesha said...

This is a great reminder!

Casey Lindberg-Coghill said...

I think it is SO important for women to be aware of their family's finances. One of my mom's friends always left it up to her husband, and when he passed away unexpectedly, she had no idea as to her family's financial state. You want to assume that nothing will ever happen, but it can, and you should be prepared.

Nicole Adkisson said...

It's so important to plan accordingly, you never know what can happen, let alone when.

Pam said...

I agree it is very important to plan for retirement and also to know what is going on with finances.

AMBER EDWARDS said...

We need to start a new retirement plan. We had one with the husband's old job. But he changed careers and now it is gone! 5 years worth of saving and putting money into it and it's GONE. So frustrating.

ray_garf_kohler@yahoo.com said...

I let my hubby takes care of all our finances but he also wants me to learn.

Melanie B said...

We are right in the middle of going through fiances it's stressful but it's a must!

Kelly R said...

I need to start planning for our retirement. Thank you for this great article.

MikiHope said...

In my case all the planning in the world did not help--but I totally agree that you should at least make the attempt.

Terri Lynn Grothe said...

We have been planning for years, im glad bc its important

Jenny S. S. said...

Financial planning is so important. I think one of the biggest hurdles is where or how to start. Thanks for the info!

kristenione said...

I know I need to get on board with this but it's so hard to know what to do. Thanks for the tips!

Vonnie Bailey said...

Planning for the future seems so far off when you're living paycheck to paycheck. I'd love to be able to plan for retirement. Oh well!!!

Sharon Ruggieri said...

This is just such a huge issue for women,especially the older generation...

Monica Marino said...

I'm embarrassed to admit that I don't think about this enough!! So important Rose. xx

Loreina Klevenski said...

I try to stress to my friends and family the importance of saving for retirement as well! I don't have much, but I'm trying to make sure I have something when I get up there in age!

Kero said...

love this article and I hope people will read and learn from it. The worldwide financial crisis is still on and every week, i still hear friends losing their.

Saving is imperative for any household

Patricia Woolverton said...

This really puts it in perspective for you and makes you realize you do need to have financial planning in place. My parents did not and whe my dad passed away it was a complete mess. I hope to be do this.

Kera @ Nugget On A Budget said...

Being aware of your finances as a family and even the finances of your parents as they get older, is truly important. As a former accountant {and being married to a CPA}, we do well with managing our finances and budget, but there's always something to be said about checking in with a financial planner every now and then.

Le-an Lai Lacaba said...

Being just seventeen, i have recognized the need to plan ahead. although i have a long way to go, i need a plan so i won't get lost

Cindy Batchelor said...

Wow I could totally use some help in this area! Will def be checking this out! Thank you so much for sharing! xo xo

Bobee said...

It's never to late to get started! Thank you for sharing this information.

Katherine Sullivan said...

It's really important to plan ahead and so many people don't. Thanks for the reminder!

ReviewsSheROTE Pamela R said...

Sadly this is a topic I've put off.

Lalia Frolick said...

I think it's great that this was done to fill a niche that really needed to be addressed! It is very wrong that most literature on these subjects seem geared towards men. Although really all individuals should be doing it so we need books geared towards both genders.

Christy Maurer said...

It's great that they really want to help women out in the financial planning department! I'm sure they've got such great advice.

Juliana RW said...

Interest article, thanks for sharing with us

Cheshire Cat said...

Good thought, I know I'm lax on this, thanks for reminding me!

Mommy Had A Little Blog said...

I am so guilty of letting my husband handling all of the financial matters. It isn't my strong suit and I've let it slide for so long! Thanks for this article!

Shauna Torres said...

Makes total sense... I mean, I totally depend on HUbby for everything that if anything were to happen to him, then I would not know how to take care of our family

Anonymous said...

Hubby usually takes care of our finances but I handle the savings. I have some understanding around tax time and for his planning through his job, but most of it is totally him. This is great that the company seeks to help the women get the financial planning info they need.

Laura Grace Andry said...

I have gotten really lazy lately and have turned over all financial planning to my husband. I need a swift kick to get back into the thick of it and tackle it as a team. We are both planners and I completely trust his decisions, but I feel that i should know more. Thanks for this.

Dov Shapira said...

Thank you for sharing this.
We all need planing for the later days.

Asha Butterflys said...

Thanks for sharing.

robin lorraine williamson said...

It's always a good idea to put some money away you never know when you'll need it. thanks for sharing

Tough Cookie Mommy said...

It's so important for women to take charge of their financial future and to be proactive in securing their retirement. Great post.

Heather said...

This is definitely something everyone should think about. My dear friend recently lost her husband and I'm not sure what is going on with all that, but with him being a lawyer, I'm sure they had stuff in place. Still its scary to think about on top of loosing someone you love.

Melisa Anderson said...

Women need to stand up and take control of their financial future. This is so important for so many reasons. The days of sitting back and letting someone else take care of you are over.

Mamacita La Cuponera said...

This is a veryy important topic for every women!

Momma Lew said...

This is great. So many women just do not know how to take care of themselves!

Angie B. said...

My husband and I both work. He makes more than I do. We each have a retirement account set up through our place of employment. I do often thing about what would happen IF. It's not fun to think about but I know it's something we need to do and we do discuss what is in place.

XDannellys Colon said...

I really like this article because it's so true that women need to get involved in the finances. I have seen many friends who lose their husbands and then don't know what to do with the finances. Thanks for sharing

Amanda McMahon said...

i am no longer working

Savingwith Saveone said...

This is something I haven't really thought about but it is very difficult to plan financially for the future especially when you don't have much in the present so I'm glad that there is a service to help make it less stressful.

Faithfully Free Blog said...

Great article! When I got divorced after being a stay at home mom for ten years my life was turned upside down, oh how I wish I would have been a better planner for worst case scenarios!

Noor said...

I never knew about it . WOAH . Thank you for great review.

Healy Harpster said...

Great post and absolutely a great reminder to all women.

Sarah Clegg said...

everyone should plan though if im honest i havent given it a thought yet lol

Jessica Harlow said...

I'm so glad Genworth Financial is being proactive about women's finances. It's smart on their part...a lot more women today are the breadwinners and need financial advice geared towards their priorities. Thanks for sharing!

Lexie Lane said...

This is sooo true! I hit rock bottom once because I had no idea about my ex's financial situation. We were in a mess!

Motherhood on the Rocks said...

I handle the finances but we don't have any retirement yet b/c we can't afford it.

Kristin Sumner said...

My hubby finally realizes he needs to do this, luckily his job supports it.

Bianca T said...

Thank you for sharing - I'll definitely be looking into their info.

debbie mcmullen said...

My husband does take care of most financial things, but I always like to know whats going on of course - we stick to a pretty strict budget. good on genworth though for taking women's finances more seriously!

Mrs. Sergeant said...

Absolutely amazing post. I'm sharing this and this company with my siblings. They need this. Thank you.

Elisebet F said...

We haven't thought about long-term care yet, but that's something we really should consider.

Frugal and Fun Mom said...

I think it is extremely important to ask questions and to make sure you know where your spouse is keeping all the financial information.

Aisha Kristine Chong said...

I haven't thought too much about it but planning is always something that helps our future so I do think it is very important not just in financial stuff but in all aspects in our lives.

http://www.aishakristine.com

Jessica said...

I wish I would have started planning earlier.

lalalaPatricia said...

This is just great since we were new to a family responsibilities and I was the one who financially holding the money. It's very useful planning ahead of time!

TxMommysSavings said...

Our family really needs to sit down and start thinking about our future. Great post!

Kim Croisant said...

Our planning has been relaxed. We do need to beef it up. Great article...made me start thinking...

Malia said...

we need to do more planning as well.

LaVonne Long said...

We have been planning our financial future for many years and we also use Genworth. We are thankful for them. Thank you for sharing this with everyone!

Jenna MOMenvy said...

I definitely get anxiety about planning for our financial future.

Fan R. said...

We need planning financial future for sure, I see my retired parents now and realized how much care and expenses needed for normal living.

Fan R. @TeddyOutReady

Contest Patti said...

I think most people could do with more help in addressing their finances

Debi Gerhart said...

I handle all the finaces in my house but it gets a little hard trying to juggle it all. Some kind of planner would be such a help.

Angie said...

I admit that I am one of those that doesn't like to deal with money. Perhaps this service will help!