Former newspaper editor aids women learning financial literacy

Former newspaper editor aids women learning financial literacy

If she’s discovered one factor about investing it’s this: It isn’t as laborious as rather a lot individuals — together with well-paid monetary advisers — declare it’s. She believes ladies particularly have a crucial curiosity in mapping out an funding technique.

Julia Anderson has spent a lifetime absorbing monetary tendencies, first as a farmer’s daughter rising up in Idaho and later in a profession as a journalist.

“I’m over-the-top enthusiastic about ladies and monetary literacy,” Anderson stated. “Most of what I discovered was from errors.”

She wants to share that hard-earned wisdom with other women. For most of her 26 years at The Columbian, she was the business editor, so she was already well versed in economic issues. But the end of a 17-year marriage when she was 60 threw her into a “wrenching emotional and financial transition,” as she put it, that inspired her to start a blog at sixtyandsingle.com.

She’s continued that blog, even though, as she likes to say, she’s no longer 60 nor single. Now 74, she remarried in 2010.

From her blog, she branched into other ways of educating women about money — seminars, a 2018 self-published book “Smart Women, Smart Money, Smart Life” (available for $16.99 on her blog) and her “Smart Money” program on TVCTV, a community television station in Beaverton, Ore. She covers topics like divorce, marriage, Social Security, inflation, car buying and financial planning.

Take an interest

Though Anderson was a trailblazer in her profession — she was the primary lady to run The Columbian’s native information desk — she stated she “wasn’t a feminist or a bra-burner.”

“I needed to have a profession and be accountable for my very own life,” she stated. She stated it’s necessary for ladies to take management of their retirement plans as a result of most will finally find yourself alone, whether or not as a result of divorce or demise of a partner.

“Half of girls over 65 are single,” she stated. “Males don’t dwell as lengthy.” Women are more likely to end up in poverty as they age, she stated. They want extra money for retirement than males as a result of they dwell longer, but they earn much less over their lifetimes. The gender pay hole turns into a retirement wealth hole, in accordance with a study by the National Institute on Retirement Security.

“You must be fascinated with not simply saving however investing,” Anderson stated. “Ladies are operating the family finances. Retirement they go away to their spouses.” As she figures it, ladies fall into three classes: these with numerous confidence in investing; those that have an interest however uncertain so search outdoors advisers; and those that are usually not in any respect.

At her workshops, when she shares her investing-is-easy message, she usually encounters backlash. “I get a variety of emotional reactions from ladies who don’t agree with that. Some are offended,” she stated. “Nobody ever advised me investing was sophisticated. My mother did it. She was a farm spouse. She was a really profitable investor.”

She described her late mom, Helen Rose, as a “steel-magnolia sort — petite, good, with solely a high-school training” who nonetheless constructed an impressive portfolio. Her mom, who died at 98, invested in firms she knew and appreciated, as an illustration, McDonald’s, whose hamburgers she loved. And she or he didn’t panic when markets fell.

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