6 Biggest Mistakes Women Make When Inheriting Large Sums of Money
Release Date: 12/13/2024
Update Your Will Before You Chill
Savvy Women Talk Money
🎙️ Summer Estate Planning Essentials for Savvy Women The beach isn't the only thing you should be checking out this summer! In this episode of Savvy Women Talk Money, Catherine Magaña and Rachel Ivanovich dive into the must-do estate planning moves every woman should tackle—before the next vacation, wedding, or family reunion. They share real-life stories (including how a spontaneous vacation sparked a last-minute trust update), highlight crucial updates from the new "One Big Beautiful Bill Act" and walk through what documents really matter—like health directives, financial powers of...
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How Wealthy Women Can Cut Taxes This Summer
Savvy Women Talk Money
Summer’s heating up… and so are your financial opportunities! 🌞 Before you get swept away by vacations and poolside plans, it’s the perfect time to give your wealth and tax strategy a midyear tune-up. In this episode, Catherine Magaña and Rachel Ivanovich break down the smartest summer tax moves every affluent woman should be thinking about right now—so you can stay one step ahead all year long. They cover: -Midyear tax withholding checkups (don’t risk underpayment penalties) -The art of maximizing retirement contributions (including super-catch-ups) -Savvy...
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Traveling in Retirement? Avoid These Expensive Mistakes
Savvy Women Talk Money
Are your travel dreams putting your retirement at risk? In this episode of Savvy Women Talk Money, Catherine and Rachel unpack the vacation-mode mindset that can lead to costly financial mistakes—especially for wealthy retirees. From luxury upgrades and spontaneous spending to hidden fees and unplanned gifts, they share how easily travel can derail even the most well-crafted retirement plan. You’ll learn how to spot the common pitfalls and implement smart strategies to enjoy your adventures without compromising your long-term financial security. Whether you're planning a European getaway,...
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6 Key Points Every Woman Should Know for Retirement
Savvy Women Talk Money
In this episode of Savvy Women Talk Money, we’re breaking down the 6 key midyear checkpoints every woman should revisit regularly to stay on track for retirement. From leveraging Roth IRAs and understanding catch-up contribution limits, to reviewing your cash flow, spending habits, and investment portfolio, we cover the essentials that make a difference. We also dive into proactive tax planning, how major life changes can impact your retirement outlook, and why it's important to check if your retirement vision still aligns with your goals. Whether you’re nearing retirement or still a few...
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What Wealthy Women Do Differently To Grow Their Money
Savvy Women Talk Money
In this episode of Savvy Women Talk Money, we explore the healthy money habits that go beyond budgeting. From understanding the true value of a dollar to knowing who to turn to for sound financial guidance, this conversation is all about developing the mindset and routines that support lasting financial success. Learn how to track your money with purpose, prioritize your time like the asset it is, and take control of your financial future with intention and clarity, while also making time to create the life that you desire. And remember, saving is just the beginning—real wealth is built by...
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5 Money Moves for Wealthy Women Before the Summer
Savvy Women Talk Money
In this episode of Savvy Women Talk Money, we're breaking down the ultimate financial checklist for your Spring cleaning! Every affluent household should consider these elements, from reviewing current expenses and adjusting tax withholdings to making sure your portfolio is still aligned with your goals—summer is the perfect time for a mid-year money checkup. We also cover how to make sure your beneficiaries are up to date after major life events and why asset allocation deserves a fresh look in today’s market. Tune in to take control of your finances before the Summer is here and save...
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You Can Balance Motherhood And Success, Here's How
Savvy Women Talk Money
What if we told you that raising a child could cost you up to $500,000—and that number is still rising? For moms trying to juggle love, life, and legacy, that number hits hard. Whether you're working full-time, staying at home, or somewhere in between, the financial toll of motherhood is real—and often overlooked. In this heartfelt Mother’s Day episode, I’m sharing both personal insights and professional financial strategies to help women make empowered money decisions. From the staggering price tag of childcare to the long-term impact of stepping away from your career, we unpack the...
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Capital Gains & Your Retirement: Critical Information to Save Your Wealth
Savvy Women Talk Money
In this episode of Savvy Women Talk Money, we’re breaking down everything you need to know about Capital Gains Taxes — and why understanding them is so important for protecting your retirement savings. We dive into what’s included in capital gains taxes, the key differences between short-term and long-term gains, and how preferential tax rates could work in your favor. Plus, we explain how smart use of retirement accounts like Roth IRAs and 401(k)s can help you manage — and even minimize — your capital gains exposure. Whether you’re nearing retirement or building your wealth for...
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Avoid These Costly Wealth Transfer Tax Mistakes
Savvy Women Talk Money
In this week's episode of the Savvy Women Talk Money podcast, we break down what every woman should know before, during, and after a wealth transfer—from how to minimize tax burdens to strategies that preserve assets and honor family intentions. You'll hear about common missteps to avoid, how to build your team of professional advisors, and what smart planning really looks like for those managing substantial estates. Whether you're already navigating this path or preparing for it, this episode is a must-listen for women who want to lead with clarity, confidence, and a plan. Managing wealth...
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Top Tax Benefits that Every Wealthy Woman Should Know
Savvy Women Talk Money
Welcome to this week's episode of the Savvy Women Podcast. In this episode, Rachel Ivanovich and I discuss Maximizing your tax benefits. So if you want to save money on taxes, avoid costly mistakes , and maximize tax credits so you can lower your tax bill, tune in now! In this episode, you'll discover: Maximizing tax benefits Finding tax credits that wealthy women may miss Tax efficient investment planning Correctly filing your W4 Navigating tax filing status, wealth transfer Estate planning More Information Learn more about how you can improve your results with Tax strategy with savvyup.com...
info_outlineIn this episode of the Savvy Series, Catherine and Rachel discuss the 6 biggest mistakes women often make when inheriting large sums of money. They cover crucial topics such as failing to account for estate taxes, the importance of understanding capital gains, and the impact of neglecting charitable contributions. Tune in for expert tips on how to avoid these common pitfalls and manage inherited wealth with confidence.
In the Savvy Up! podcast we share ideas to help women become financially independent without budgeting the fun out of life. Tune in to learn how to make better financial decisions, and get the most from your money.
Disclaimer:
Savvy Women Wealth Management is an SEC Registered Investment Advisor
The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provided education about the financial industry and how we may be able to assist. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. As always please remember investing involves risk and possible loss of principal capital. Tax considerations presented may not be appropriate every individual circumstance. A tax professional should be consulted before making any decisions about your tax liability.
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