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Women's Wealth

Women's Wealth Newsletter, March 2021

March is Women’s History Month, and this edition of our Women’s Wealth Newsletter is dedicated to all the awesome ladies we know & love!


“The best protection any woman can have … is courage” - Elizabeth Cady Stanton

International Women's Day

International Women's Day

We celebrated International Women’s Day on March 8th by wearing purple and making a commitment to #ChooseToChallenge gender inequality.  As we reflected on how far women have come (& where we are going!), we compiled a list of inspirational books, movies, & women!

Books or Movies That Inspire Us

  • Steel Magnolia’s (Karen)
  • Hidden Figures (Erin)
  • Prescription for a Cheerful Heart by Brenda Phegley (Karen)
  • A League of Their Own (Jacinda)
  • The Help (Robyn)
  • The Iron Lady (Cathy)
  • Mulan (Cathy)
Learn more

Women Who Inspire Us

Pat Summit

A legendary basketball coach with the third most wins in women’s basketball history.  Pat coached the Tennessee Lady Volunteers for 38 years and never had a losing season.  Her career was cut short as she was diagnosed with early onset Alzheimer’s disease.  In true Pat Summit spirit, she fought the good fight every day and inspires us all to achieve greatness and demand excellence in everything we do while building personal relationships with those we cross paths with. As a teenager, I was able to attend the Tennessee Lady Volunteers basketball camp and will never forget Pat’s demeanor and demand for excellence.  She created a winning culture just by being herself.  (Jacinda)

Chris Ernst

Former CEO & President at Miller Construction Company.  Chris successfully ran a company in the male dominated field of electrical distribution, transmission & construction.  She has also served on several industry related and local boards. She has always given of her time in the community and was a role model for many women on how to balance work, family, and community involvement. (Cathy)

Amelia Earhart

While other women were being held back by a male dominated society, she was flying solo, breaking records, and enjoying life doing what she was most passionate about.  She refused to let fears and adversity ground her dreams. (Robyn)

Helen Lewis

My grandma was my best friend.  She taught me the importance and value of family, faith/religion and being resilient.  She loved unconditionally, but always knew when to kick you back in line when needed.   Without her taking me in as a young child I am not sure how my life would have ended up.  She always instilled in me that no matter the circumstance you were given you must never let that circumstance or situation define who you are.  (Erin)

Ruby Wilkerson

Ruby has been through several devastating life events in the years that I have known her and while she is not unique to life’s troubles, she is unique with the way she has kept her attitude, spirits, and faith throughout everything.  She is truly a woman of strength and an inspiration to those who know and love her. (Karen)

Women's Wealth Newsletter, November 2020

Women's Wealth Newsletter, November 2020

As we enter the holiday season, we hope this newsletter finds you & yours happy and healthy.  Another year has absolutely flown by and most of us are probably ready to put 2020 behind us.  It has been a challenging year, but so many of us still have so much to be thankful for.  With our country facing many uncertainties, we hope you can take the time to relax and enjoy the holidays!

Tips to Control Holiday Spending

Create a “Holiday Spending Plan”

  • Write a list of those who you would like to purchase for and set a specified dollar amount for each person.  Be sure to include the cost of “hidden” expenses like stocking stuffers, bags, cards, wrapping paper, etc… 

Stick to your Plan

  • Once you have spent your budgeted amount for someone, cross them off your list.  This can help you avoid impulse shopping, too! Only use the money from your monthly budget that is not set aside for bills.  You may need to give up a few items, like your morning coffee, to make room for your Christmas shopping. Try to use cash to avoid racking up extra expenses on your credit card.  

Set Up a Gift Exchange

  • If you want to buy for a long list of people, consider getting a group of your best gals together to do a Secret Santa gift exchange.  You will get to spend quality time with each other, everyone walks away with a gift, and your wallet is happier too

Donate to Charity

  • Christmas time is always a great time to give back to those who need it most.  After the year we have had, it is even more important to spread the love.  If you cannot donate financially, grab the grandkids, or your friends, and give your time with an organization that could use the extra hands. 

COVID Friendly Christmas Ideas

Ugly Mask Contest

  • Ditch the ugly sweaters this year and have a contest for the ugliest Christmas mask!

Secret Santa Scavenger Hunt

  • Embark on a scavenger hunt to collect gifts along with fun missions and clues! Then donate the gifts to a family in need. 

Contactless Cookie Exchange

  • Get a list of your best gal pals, draw names, and drop cookies (or other goodies!) off on each other’s doorstep.

Christmas Cards

  • Have the family write and decorate Christmas cards to send to those in nursing homes, hospitals, or away from their loved ones.

Women's Wealth Newsletter, April 2020

Helping women live a healthy financial life is something near and dear to our hearts.  We have hosted a series of events that are both fun and educational for women over the last year and wanted to bring some ideas to you in our first ever Women’s Wealth Newsletter.   

“A strong woman looks a challenge dead in the eye and gives it a wink.” – Gina Carey

5 Statistics to Know

Here are just 5 of the 75 statistics mentioned in Morningstar’s Special Report: Women and Investing from March 2020:

  • Age 44: The average age earnings peak for women, compared to age 55 for men. 
  • #5: Rank of retirement savings on women’s financial priority list vs. #1 on men’s list. 
  • 90% of women will have to manage finances on their own at some point.
  • 39% of women say they are confident their money will last 25 years into retirement compared to 54% of men.
  • 42% of mothers scaled back hours to take care of a child versus 28% of fathers.
Learn more

5 Things You Can Do Now

While women realize that we are at a disadvantage, retirement savings still falls below other top priorities.  Here’s five things you can do now:

  • Establish short- and long-term goals and call us to get started on your financial plan.  
  • Create or re-visit your spending plan.   For complementary budgeting tools or help, please reach out to us. 
  • Complete your Personal Information Guide that records all important contacts and location of financial documents.  Contact us for a copy!
  • Convert Traditional IRA dollars to Roth.
  • Have “The Talk” with aging parents about their plans or desires should they need long term care.
Contact Us to Get Started
Establishing a Healthy Relationship with Money 

Establishing a Healthy Relationship with Money 

While you are re-working your household spending plan, use this as an opportunity to help teach your kids or grandkids about good money habits.

Help divide your children's money into three buckets: saving, spending, and sharing.   

While you establish your short- and long-term goals when creating your plan, have your kids do the same to create a goal to save towards.  Allow a certain portion of the income to be spent on something they want in the short term.  Lastly, help instill a giving heart by allocating a portion of their earnings towards the sharing jar.  Help your kids identify people or organizations to donate to.

Cathy White, CWA®

Vice President, Financial Advisor

(812) 385-3323

Cathy joined Baird in 1996 and become a licensed Financial Advisor in 1998.  Cathy has a passion for educating and empowering women.  She helps clients reach their financial goals so they can focus on what is important.

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Jacinda Hughen, CFP®

PWM Financial Planner

(812) 385-3323

Jacinda joined Baird in 2016 and graduated from Purdue University with a B.S. in Management and Finance. She earned her Certified Financial Planner designation in 2019. Jacinda is our team’s full-time financial planner and runs...

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