Hilary Hendershott is a Certified Financial Planner focused on financial coaching, money mindset tools, and wealth management for women. She is also the host of the new podcast, Profit Boss Radio, a show highlighting inspiring women who have created success in their financial and professional lives.
What we talk about:
- How Hilary got interested in Finance and helping women with finance in particular
- Hilary’s biggest influence of money growing up
- Understanding your core beliefs around money – Listen to Hilary’s TedXTalk
- The importance of retirement – Why should we be thinking about retirement and saving for it now?
- If you build a good investment portfolio, it doubles about every 8 years. Hilary breaks down the Numbers!
- Retirement plan options.
- 401(k) – Tax deferred. Grows tax-free. Pay tax on the way out.
- IRA – Tax deferred. Grows tax-free. Pay tax on the way out.
- Roth IRA – Pay tax now. Grows tax-free. Pull it out tax-free.
- Explanation of the different accounts – The rock analogy
- Retirement accounts – Pushing your rock downhill
- Brokerage Accounts – Pushing your rock on a flat surface
- Savings Account – Pushing your rock uphill (unless it’s for your “curveball account”)
- Hilary helps us feel better about investing and our options to get started
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