Female Financial Planner Old Bridge, NJ

Welcome to BetterWealth for Women

Financial Strategies For Women

At BetterWealth, financial planner in Middletown, NJ our goal is to take the mystery out of the financial planning process and design a plan unique for you!  No cookie-cutter retirement, no complex, hard to understand, hard to implement approaches.  Just simple, productive planning practices based on your goals, your income, and your assets.  Tell us your dreams and we will devise a plan to achieve them.  We can even monitor your progress to move you along more quickly. 

We are a boutique firm, offering unique financial services, committed to providing honest, trustworthy guidance based on over 30 years of experience helping clients accumulate and protect their assets.

As unique financial advisors, we have no quotas to meet and no conflicts of interest. We are fully transparent and prefer the lines of communication to be open.  If you have questions or concerns, we are happy to answer them whether you choose to become a client or not.  If you are comfortable with this approach, let’s work together!  It’s your future, what are you waiting for?

Why BetterWealth for Women?

At BetterWealth, also known as Monmouth County, NJ’s most trusted financial advisor for women, we understand the unique financial needs and concerns of women. Women who are responsible for their own money often look at money through a different lens.
Money can be emotional which dictates saving, spending, and investing habits. We understand that money is more than your account balance. It’s the wedding gift for your daughter, it’s your son’s college tuition. Maybe it’s a plan to purchase your first home or a vacation home; your heartbeat, and lifeline to those you love. We know because we are one of you. You have goals and dreams, we want to help you get there.

"A woman's best protection is having a little money of her own." Clare Booth Luce, American Author and US Ambassador

What We Do

Financial Planning Old Bridge

What Is Financial Planning?

The 7 Most Important Elements of Financial Planning

People seek out the help of a financial advisor for different reasons. Some people seek advice because they want help making good investment decisions.  While this information is important and helpful, it’s not nearly enough to ensure a lifetime of financial security or to ensure a steady retirement income.  There’s a lot more to financial security than just good investment advice. 

At BetterWealth for Women, we believe that a holistic planning process builds a core foundation for a solid financial future.

While this is not a comprehensive list, a good financial plan should address the following areas.

What Is Goal Setting?

Setting financial goals is an important step toward becoming financially secure. If you don’t have your financial goals outlined, then you’re more likely to spend more than you should. When it comes time to make a large purchase such as a home, paying for a child’s wedding, or you need to tap an emergency fund for an unplanned expense, you might come up short. Not having financial goals is like a road trip without a destination.  Only you may be doing yourself a disservice when it comes to a sound financial future. 

Do you want to be more successful?

You’ve come to the right place. BetterWealth for Women is a financial planning company that specializes in helping women achieve their goals and live the life they deserve. We offer comprehensive, personalized advice on how to make your money work harder for you so that you can focus on what matters most.

Goal Setting Old Bridge

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Financial Life Planning Old Bridge

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What Is Financial Life Planning?

Financial Life Planning is a popular term that describes a more holistic and integrated approach to financial planning.  Over the past 10 years, some financial planners have moved away from a product-centered practice to one that recognizes that individuals do not always behave rationally when it comes to money. Individuals are emotional and inconsistent when it comes to money.  The emotional component of money is inescapable. Emotions dictate behavior and money is no exception.  

 

Why Is Cash Flow Analysis Important?

At BetterWealth for Women, we believe that every client should have a clear understanding of where her money goes every month, what’s working, and what might need some attention.  BetterWealth for Women helps you work through balances, debts, and investments to see if your financial life is on the right track – so you can get back in control.  Simply put, we want to help ensure that your income and spending habits match up with your financial goals.  

If you’re not sure where your money is going every month, you might want to take a closer look at your cash flow.  A cash flow statement is the first step toward a clearer picture of your finances, and a valuable tool to begin the budgeting process. It is a simple look at your income versus expenditures.  While we do not require that every client adheres to a strict budgeting process, we do recommend that we at least take a look at cash flow to give you a better idea of how much money you have coming in versus how much is flowing out and to where.  

 

Cash Flow Analysis Old Bridge

BetterWealth For Women Cash Flow Analysis

Debt Management Old Bridge

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How Can I Pay Down Debt?

Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to help lower your current debt and move toward eliminating it completely. At BetterWealth for Women, we work one-on-one with you, providing education on your finances and giving practical advice that will lead to long-term success in managing debt. We’ll also provide guidance on how much money should be put towards paying off debts each month so that you can eliminate them and increase your cash flow to fund other financial goals.  Reducing or eliminating debt gives you the peace of mind that your money is working for you.

 

Pay Less Taxes During Your Retirement

You’ve spent years building your nest egg. You’ve invested in brokerage accounts, 401-k’s and Roth Accounts.  At retirement,  how do you know  which account  to draw money from first? If your withdrawals bump you into a higher tax bracket, you might have to pay higher taxes on your hard-earned money.  

And what about social security?  Social security has been a reliable source of income for many people. But what happens if you don’t need social security at retirement because you have other income?  Did you know that you can optimize a strategy that can help you make the most of your social security benefits? You might consider delaying the receipt of benefits until 70 years old when your monthly benefit will be higher and there won’t be taxes on this money now that is being withdrawn. It might make sense to draw down on other assets first and then tap into social security later.  

 

Retirement and Tax-Wise Strategies Old Bridge

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College Planning Old Bridge

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How to Start Planning for College

What Is The Best Way To Save For College?

Saving for College can be daunting.  Between paying the mortgage, utilities, car payments, insurances, and everything else, saving for college is often last on the list of priorities. We know it’s important, but it seems far away.  But really, it isn’t.  Whether it’s your child or grandchild, you want to give them the best head start possible.

Time is your greatest asset, so start as early as you can.  There are some great options to start a saving plan for your child or grandchild.  For someone that wants to help a grandchild with college, an IUL (indexed universal life policy) is a great way to set up a plan that builds cash value over time that can be tapped for college expenses. 

WHAT IS MEANT BY ASSET ALLOCATION?

Asset Allocation is a strategy that looks to balance one’s portfolio according to their time horizons, risk tolerance, and financial goals.  The three main asset classes are equities (stocks) fixed income, (usually bonds but annuities are also an option) and cash (money markets, cd’s and other cash accounts). 

The concept of asset allocation is rather simple.  These three asset classes have different levels of risk and return within any given time period. While stocks generally outperform fixed interest-bearing accounts over time, we cannot predict that time frame.

For instance, if you are planning to retire within the next year, and have most of your retirement money in equities and the market takes a hit, you may have to delay your retirement until your account makes up for the losses.  

Asset Allocation Review Old Bridge

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Financial Coaching Old Bridge

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What Is Financial Coaching?

Financial coaching combines sound financial planning with distinct aspects of traditional coaching that help uncover “roadblocks” that keep you stuck financially.  By integrating these two methodologies, clients report a higher degree of success in changing the path of their financial future.   

Financial coaching can be of great benefit to clients who are overwhelmed with stresses and uncertainty regarding their personal finances.  At BetterWealth for Women, we give personalized guidance on your money, so it may come as no surprise that our financial coaches are women, just like you.  We help women achieve measurable success one step at a time.

Coaching is well suited to financial planning and asset-building programs because clients often need encouragement and support to change negative behaviors surrounding money that are not serving them. 

 

Achieve Your Financial Goals

BetterWealth for Women has solutions to help you see with clarity.  Planning for your retirement and getting your financial house in order doesn’t have to be filled with uncertainty and complex strategies.  

Whether it’s watching your children grow up, setting yourself up for retirement or a possible career change, BetterWealth For Women will make sure you have the financial freedom to enjoy life without the pressure of making ends meet.

BetterWealth for Women was founded because too many women fall short on their financial goals.  We give them the insights and tools to navigate their financial future.  

We understand where you are and will walk with you as a trusted partner to help untangle the uncertainties of a blurry financial future.  

Suggested Strategies to Reach Financial Goals Old Bridge

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Neighborhoods

OLD BRIDGE WEATHER