Three Truths Women Can't Ignore

Meghan Hicks, a Lawyers Financial Advisor in Kelowna, British Columbia, helps many female lawyers manage their finances and plan for the future. After more than a decade working with a wide variety of clients, she has some valuable advice to share.

According to Ms. Hicks, it's important to look at the world with an objective lens and see that financial plans for women, particularly lawyers, need to account for three things: (1) due to career interruptions and continued issues around pay equity, women often make less money throughout their career; (2) they are likely to shoulder the responsibility of caregiving for others at every life stage; and (3) they live longer. 

These realities, coupled with the fact that female investors are often less comfortable with financial risk, mean it's critical that women have a comprehensive plan in place now and for their future.