Women & Money

10 Mar 2015

A recent study by Fidelity Investments came to some startling results. The study was conducted over a 4 week period in October 2014 and focused on American women ages 18+ who were employed and had a qualifying retirement plan. Of the 1,542 women surveyed, 80% confessed to refraining from talking about their finances. However, 92% of the women surveyed stated they wanted to learn more about financial planning. Additionally, this study found that women don’t talk money with their friends. The study showed that women are more likely to about work issues, politics, and parenting than money issues such as salary, investments or spending. Click here for more information on the study.

Unfortunately, we see this same lack of communication about money between spouses. Divorce or death can leave one or both spouses to deal with the finances on their own. We believe it is important to empower both people in a relationship to educate themselves and be involved in the financial planning process before it becomes necessary. In the end, this will be helpful for everyone involved.

Good Luck!!

Jeffrey Johnston, ChFC
Investment Advisor Representative

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Premier Investments of Iowa, Inc. are not affiliated.

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Jeffrey Johnston

Jeffrey is originally from Solon, Iowa. He currently resides in Swisher, Iowa with his wife, Prudence, and his three children, Seth, Ian, and Roman. He graduated from the University of Northern Iowa in 1989, where he majored in Finance and Investments. He has 24 years of experience in the investment and estate planning business. He is currently the President of “Premier Investments of Iowa, Inc.” Jeffrey’s main focus is Estate and Investment Planning for Senior Citizens and Pre Retirees. Jeffrey became a Chartered Financial Consultant (ChFC) in 2001. He is the author of many articles on industry related topics and he is a frequent seminar presenter. He is a Board Member TRIAD Linn County Seniors Against Crime, and he is also a past Board Member of the Heritage Area Agency on Aging Task Force. He is a member of CEO Roundtable in Cedar Rapids, a Daybreak Rotary Member, and a member of the Cedar Rapids Estate Planning Council. In March of 2009, Jeffrey became the host of the Premier Investments of Iowa Financial Hour which airs every Tuesday Evening from 6PM -7PM, on WMT 600 AM Radio. In his free time he enjoys golf, fishing, scuba diving, traveling, and coaching son’s basketball teams.