Woods Financial Blog

Women’s Issues and Retirement

March 13, 2018

In 2017, women organized and made headway toward real change, making it a hallmark year for women’s issues. The year started with the Women’s March in January and ended with the #MeToo movement spreading across the globe.1 In addition, record numbers of women considered running for public office.2 The thing is, many of the factors…

Finding Neutral Ground on the Internet Rights Debate

March 6, 2018

It can be confusing when government bureaucrats and the media offer wildly different perspectives on the intent and ramifications of a new controversial policy. This was plainly evident in December regarding the issue of net neutrality. According to the Federal Communications Commission (FCC), the new “Restoring Internet Freedom Order”1 is meant to: Reverse the previous…

The Cost of Health Care

February 27, 2018

Americans spend a lot on health care. In 2016, national health expenditures grew 4.3 percent to $3.3 trillion, which amounts to $10,348 per person.1 It’s interesting that you’ll find few people who say our health care system is fine as is, and medical services, facilities, drugs and equipment are all reasonably priced. However, there is…

Second Marriages: Financial Finesse

February 20, 2018

Of all the questions we ask a potential spouse before tying the knot, they seldom include:   “Who are the beneficiaries of your investment plans and insurance policies?” “Do you wish to be resuscitated if your heart stops or if you stop breathing?” “Do you want your ex or me to be guardian for your…

How Losing Sleep Could Translate to a Loss of Money

February 13, 2018

Some teenagers seem to sleep a lot. As parents and grandparents, we can find this rather aggravating. But the fact is, as we get older, our sleep patterns may change, and our sleep can be less restful.1 Perhaps it’s a good idea to let young people sleep in peace while they still can.   Scientists…

Why It’s Important to Care for the Caregivers

February 6, 2018

If you picture yourself receiving long-term care at some point, you likely envision a medical professional sitting bedside, tending to your needs. However, the bulk of long-term care in the U.S. is actually provided by family caregivers.1   According to a recent Merrill Lynch study, 20 million Americans become caregivers each year. Moreover, family caregivers…

The Impact of Income Inequality

January 30, 2018

As it turns out, income inequality can be an issue for all society, not just the poor.   A new study of high-earning clients of a bank’s wealth management unit tracked the fortunes of male and female young adults to learn how income inequity would impact their lives. The assumptions had both genders starting out…

Anticipated Changes in Workplace Demographics

January 23, 2018

Online shopping has become the norm in the Western part of the world. Experts say mature economies adopted e-commerce quickly because of its strong infrastructure and a trusting financial landscape.1   In other words, consumers could count on receiving goods ordered, vendors knew they would get paid and any conflicts were protected by a reputable…

Retirement Conversations: What Do You Do?

January 16, 2018

We spend a lifetime working, building a career, raising a family, etc. Then we retire, and some unsuspecting acquaintance asks, “What do you do?” It’s a whole new ballgame now.   This can be a difficult question for new retirees. Our gut instinct is to identify ourselves by our occupations — “I’m a lawyer,” I’m…

Innovating to Solve Problems

January 9, 2018

The 2017 hurricane season was one of the most active of the new century, and scientists are predicting hurricanes will likely get more intense in the decades to come.1 But these predictions for worsening conditions in the future may pave the way for stronger innovation.   For example, the governor of Puerto Rico, which was…