Blog
Welcome to Katy's Blog.
Katy Ufferman leads Maxwell Financial Management’s practice dedicated to helping women with their investments and retirement planning. She’s an advocate for helping women plan for their retirement, because her firm has found although more women are providing for their families when it comes to preparing for retirement, only 10% of women feel very confident in their ability to fully retire with a comfortable lifestyle. TransAmericaCenter.org, 2017
What is a Custodial Account and Should You Have One?
If you are a client who is saving and preparing for your (and your family’s) future, now might be a good time to consider setting up a custodial account. Here is a primer on the pros and cons of custodial accounts: What is a...
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How to handle rising interest rates
Interest rates, car insurance on the rise - how should your financial plan respond?
Read MoreShould You Help Your Adult Child Financially?
In our practice, we are often asked if clients should help their adult children or grandchildren financially. Putting aside cultural, religious or family traditions, as financial advisors our job is to ask the right questions. Most of...
Read MoreShould you Buy Now Pay Later?
Some of us are old enough to remember lay away programs at local department stores, where you’d put a purchase “on hold” and paid off a little each week. Christmas or a big holiday would come and instead of needing to...
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Financial Literacy is a Family Affair
Financial Literacy is a Family AffairAs Financial Literacy Month draws to a close, take a few moments to review these simple ways to take charge of your finances all year long. Key takeaway: get started, ask questions and make a plan....
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Start small, do what you can and it all adds up
It’s National Women’s History Month and today and every day we are so proud of the role we have in helping women work toward achieving their financial goals. Do you know women currently control $10 trillion of wealth[1]?...
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Helping you work toward your financial goals - yes, YOU!
Women are equal financial contributors to many households and but we often don’t play as big of a role in our financial planning. Why? Stereotypes, fear, lack of knowledge, too busy, distracted with other priorities, low...
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The Pitfalls of Comparing our Finances with Friends
The Pitfalls of Comparing our Finances with Friends At any point in the year, it can be easy to get trapped in a social media spiral of comparing ourselves to our friends by seeing their posts about the “fabulous” trips...
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Tips for End of Year Planning
Getting Your Financial House in Order - 5 Tips for End-of-Year Planning
Read MoreToday is National Talk Money Day
Not only is it Election Day but Nov. 8 is also National Talk Money Day. We believe every day is a good day to talk about money. Talking about money helps break down barriers. Research shows it can also help with mental health as...
Read MoreThinking of retiring this year?
Do you have enough to retire? It’s a common question that is posed to many financial advisors on a weekly (or daily) basis. After a lifetime of working and saving and planning, when retirement is finally nearing, will you have...
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Should You Pay Off Your Mortgage?
The number one question I get from clients is “Should I pay off my mortgage?” If you do a Google search, you’ll find supporting evidence either way. According to Smart Assets[1], a mortgage is frequently the...
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"Women - why now is a good time to take control of your finances"
So far, the first half of 2022 has proven to be a very uncertain time for investors. First-time investors and female investors have been even harder hit, as the gender pay gap mean women on average have less money to invest or save.
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Don't Panic - Investing Tips During Volatile Periods
Growing pressure on the economy, supply chain and continuing pandemic-related hiring issues are all contributing to inflation. Many of us are advising our clients to prepare for a likely recession. Some predictions are more dire than...
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Plan Your Legacy Now with the Family Love Letter®
None of us want to think about the death of a loved one. Having your financial and legal documents and plans organized in advance will help your loved ones during the confusion following death.
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Self-Employed? These Tips Can Help You Prepare for What's Ahead
The pandemic changed the way many of us work and it had a most dramatic effect on women workers....
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Take care of yourself this Valentine’s Day
Self-care is important and filters into financial care and daily life.
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Investing in Your 20s, 30s, 40s, and Beyond - Tips for Women at Every Stage of Life
Investing in Your 20s, 30s, 40s and Beyond Tips for Women at Every Stage of Life By Katy Ufferman, Maxwell Financial Management Knowing how to save and invest and plan for the future is hard at any age. If you’re not...
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5 Tips for End of Year Financial Planning
Getting Your Financial House in Order 5 Tips for End-of-Year Planning Year-end is a great time to get your financial house in order and start planning for the new year. As you are putting away decorations or have a few days off of...
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5 Questions to Consider When Changing or Quitting your Job
As women leave the workforce in record numbers, preparing for financial future takes center stage We’re hearing it everywhere – people are leaving their jobs in record numbers. Neighbors, family members, friends of friends,...
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