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Best Advice for Women Starting to Invest and Save for Retirement

Best Advice for Women Starting to Invest and Save for Retirement Everyone needs to be financially literate and plan for retirement, but for women, there can be challenges to overcome. Author: Mar 16, 2021 8:00 AM EDT If you’re a young woman and you’ve recently entered the workforce or plan to, you might be wondering what to do with your paycheck. Well, experts generally agree that you have only two tasks: First, learn as much as possible about money, including your employee benefits, and two, start saving for retirement. Become Financially Literate Katrina Sherrerd, CEO at Research Affiliates, recommends learning about the basics of finance and investing, as well as the ways that investors create barriers to achieving their goals. “There are many sources of basic information, including books, articles and many asset manager websites,” she says.

Confidence is impending women s financial literacy study Eve Woman

MONEY  The report says women are still far from being fearless when it comes to finance (Shutterstock) According to researchers at Global Financial Literacy Excellence Center (GFLEC), women’s lack of confidence in money matters may have ramifications for gender equality struggle. In a report published on Monday, to coincide with the International Women’s Day, Fearless Woman: Financial Literacy and Stock Market Participation says that women are still far from being fearless when it comes to finance. Lack of confidence accounts for up to a third of women’s lack of financial literacy relative to men, and genuine gaps account for what is left.

Covid Stimulus Check and Gen Z Americans: How the Young Can Save and Spend It

With the new stimulus check on the horizon, many Americans are contemplating the best ways to save or spend the $1,400 slated to start hitting bank accounts within the next month. According to the IRS, roughly 159 million Americans received stimulus checks in the first round of payments last year. President Biden said on Saturday after the Senate vote that stimulus payments should start going out this month to the over-85% of American households that are eligible. For many individuals, there is no choice when it comes to use of stimulus: they need more help for reasons of financial insecurity and food insecurity. This plan will get checks out the door starting this month to the Americans that so desperately need the help, the president said on Saturday.

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