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Understanding the financial challenges faced by women

Women are making, and managing, an increasing amount of wealth. One contributing factor is that as aging baby-boomer men pass on, they are also passing on the household wealth to their female spouses who tend to be younger and live longer. But our next guest says that women, in general, continue to feel uncomfortable managing these investments. So today, she is going to share some recommendations. Mike Switzer interviews Beth Jeter Hrubala, a certified financial planner in Spartanburg, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.