When I was a practicing psychotherapist, my clients spoke about their sex lives, while avoiding talking about money. Perhaps they were concerned that I’d raise their fee (but never — that’s unethical)! Most people would rather speak about almost anything but money.
It strikes me that there are many women at an Expressive Age (50 to 75) who avoid understanding their personal finances, some deferring to a husband or financial consultant. Others may have avoided this topic given their family taboo. The course I took last spring on “Confidence in Investing” confirmed that. Participants were well-to-do, well-educated women, facing a time when understanding money was critical to the rest of their lives. What are the different kinds of investments and markets? How much cash do we need? Will I have enough to continue this lifestyle if I live into my nineties? What about bitcoin?
I was fortunate to attend the course and become more knowledgeable. Financial health is much more than a course. It should be a lifelong pursuit attended to with the same vigor that we give to our mental and physical health. I recommend exploring the Stanford Center on Longevity’s program which is at the forefront research and resources for financial security.