With Mother’s Day approaching this weekend, the international Certified Financial Planner (CFB) board has raised the issue of financial security for mothers and women.
"Perhaps it is time for those of us who love and value the mothers in our lives to step it up a bit," she wrote. “This year - along with the carnations and chocolates - consider making an IRA or other savings contribution for mum."
Blayney said mothers, as “domestic CEOs”, often make financial decisions in households but do not plan for their own financial security sufficiently.
“They need to become a little more selfish,” she said.
The XCFP board recommends a financial plan for mothers that includes adequate savings, disability/long-term care insurance, greater investment risk and re-training/education for those looking to re-enter the workforce.
A major platform provider has made changes to its functionality to make it easie...
The Finance Sector Union has managed to secure annual wage increases of up to 3....
More than 300 advisers left the industry in just one week leading up to the end ...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.
