Many forces affect our financial health: some within our control, and others outside it (like interest rates set by the United States Federal Reserve System). As interest rates are raised to combat inflation, you'll begin feeling it on larger purchases like cars, furniture, and home expenses. Though these rates aren’t in your control, you can prepare for the changes they bring.

Women are more vulnerable to financial insecurity because they typically live longer, have more breaks in their employment and earn less. Making the right financial decisions is therefore crucial for all women, from Social Security to the rest of their retirement planning. Technically speaking, Social Security is gender neutral.

Gender doesn’t inherently dictate financial planning, investment, or success. But it does have some effect on the way people manage their finances. Factors like life expectancy, confidence level, and risk assessment that differ for women and men also affect the financial decision-making process. 

Having the right work-life balance is a key factor in fighting burnout, lowering stress levels, and maintaining strong relationships with friends and family. But sometimes this sense of equilibrium can feel allusive.

Compound interest is one of the most powerful ways to build wealth. See this infographic to learn how compound interest works and how it can help you grow a million-dollar portfolio over time.

What is Compound Interest?

Simply put, it’s earning interest on interest.

Your portfolio may be designed to give you the best chance of achieving your financial goals. Unfortunately, the market doesn’t care about your risk tolerance or your goals.