Ellevest

It’s hard to believe that it was only 50 years ago that it became legal for women to apply for a credit card without a man’s signature. It’s unthinkable that until this day in 1974, when the Equal Credit Opportunity Act was passed, women were prohibited from taking full ownership over their lives. And it’s astonishing that in such little time since then, we’ve gone from “Father may I” to a world driven by the “Feminization of Wealth” — where, by 2030, women are projected to control at least $30 trillion in financial assets (more wealth than ever). Where do women stand right now? In an excellent position to plan for their financial freedom. Get started with Ellevest at www.ellevest.com.

For many filers, February to April might not feel like a tight turnaround. But there are advantages to giving yourself a cushy December 31 deadline. Year-end tax planning allows you plenty of time to consider your tax situation, assess ways to reduce your tax burden, and make both necessary and beneficial adjustments. When you do end-of-year tax planning, you’re strategizing, not scrambling. Join us for an upcoming free workshop to help you get ahead of your taxes this year.  https://lnkd.in/gJpjr9D6 

Having a financial plan and team that works for you and meets your needs is more important than ever, regardless of your relationship status or whether you have children. This is especially true for women, who often face a "Mommy Tax" when they become mothers — while men experience a "Daddy Bonus" when they become fathers. Read more from the Ellevest team: https://lnkd.in/ey5n5g6x 

Nothing bad happens when you invest in women(’s sports).

Ending a relationship disproportionately affects women’s money negatively (research suggests women’s post-divorce finances decrease by 41%). But there’s always *something* you can do after a divorce or breakup to feel more in control. Learn more about why you always need a little revenge money stashed away (like in an investment account, where it has the opportunity to grow):  https://lnkd.in/emJ68WSM 

“There were times in my life when I just went, ‘Go, go, go, go’ with my career, and did a perfectly adequate job as a mom. But [I] was not that perfect mom with the homemade cookies.” Ellevest CEO Sallie Krawcheck was quoted in a new article for Fortune about women’s experiences with the myth of work-life “balance.” 

“If it’s broken, let a woman fix it.” That’s the attitude a lot of companies seem to have when they suddenly hire a woman to turn around a business that’s almost impossible to fix. I know first-hand what it feels like to be in this situation, called the “glass cliff.” Read more about the glass ceiling’s irritating younger cousin: https://lnkd.in/erTaZqZE 

If you’re ready to start investing in a way that aligns with your values, visit www.ellevest.com.

Ellevest was founded to help women build their financial power and take action with it. To highlight that the path laid out for them by corporate America and the traditional financial industry isn’t the only one they can go down. To normalize women making their own calls on their finances and their future … and heck, their midlife crises. Link to read Sallie Krawcheck's LinkedIn newsletter: https://lnkd.in/enaFqBhr

In 2003, writer Shawn Tully coined the acronym HENRY for those he deemed “America’s most ambitious, productive people” — who made six figures, but didn’t feel like they had their feet on solid financial ground. High Earner, Not Rich Yet. Now, over 21 years later, HENRYs are a defining feature of the millennial generation. Recent Census data finds that a nearly record-breaking 14.4% of US households bring in over $200,000 a year.  But 60% of millennials making over $100,000 say they’re living paycheck to paycheck. A 2023 study found that millennials reported needing upwards of $525,000 a year to be happy. There are lots of reasons this happens. There’s a higher cost of living. There’s lifestyle inflation. There are taxes. And there’s also the fact that only 54% of millennials are invested in the stock market. But there are, in fact, three things you can do to potentially maximize the impact of your high or not-high-enough salary: 1. Invest in a diversified investment portfolio. 2. Plan for retirement.  3. Get a financial plan from a certified expert who really gets you and your goals. Ultimately, one of the best ways to start feeling richer is to make your money work harder for you — no matter what your income looks like. Of course, that’s what our financial planners are here to help you do. Book at a complimentary consultation here: https://lnkd.in/eqHNePVB