W+M 012: The Freedom In Building Wealth with Hilary Hendershott

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. 

• 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
  
  
  
  • Hire an advisor
  
  
  • Get a robo-advisor investment option (WorthFM or Betterment)
  
  
  
  

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