5 Steps to Prepare Your Finances
Pre-pandemic, women already faced a disparity in retirement savings and income. Now, COVID-19 has put women’s quest for retirement savings even further behind.
Before COVID-19, by the age of 65, women were 80 percent more likely than men to be living at or below the poverty line. Women aged 75 to 79 were three times more likely to fall below the poverty level.
Now, COVID-19 has brought several new impediments to a woman’s ability—or inability—to reach her retirement goals. Increased childcare and/or elder care costs due to the quarantine associated with the pandemic have been a large hit to women’s budgets. In addition, women face a higher probability of job losses or salary reductions.
However, this dilemma is not insurmountable. Women can remove the uncertainly regarding their financial health by focusing on what they can control.
We were recently asked by MarketWatch to write an article on the causes and potential solutions for this dilemma facing women. In our article, we include a list of proactive steps women can take to boost their financial security.
- Would you like to learn more about we have helped protect our clients’ portfolios in times of crisis?
- Are you concerned about your portfolio’s ability to withstand market volatility?
Portia Capital Management is available to evaluate your portfolio and assess your risk. Contact us today for a free portfolio risk assessment.
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About Portia Capital Management
Michelle Connell, CFA is the President and Owner of Portia Capital Management, LLC, the only Registered Investment Advisory firm in DFW to be founded by a female CFA. Ms. Connell is one of the highest-rated finance professors in the United States, currently serving as an adjunct professor at The University of Texas in Dallas and teaching the CFA Review for the DFW CFA Society. Ms. Connell works with her students and private clients to understand the value of crafting a portfolio that includes conventional products as well as alternative assets, including private equity, private debt and real estate, and allows investment portfolio creation with greater downside protection and more consistent returns.