Chimtuo Ofomata-Transamerica Financial Advisors, LLC

08/28/2026

08/27/2026

Want to test your life insurance knowledge? Take our quiz and find out where you rank.

How much do you know about one of the most important tools you have to help protect your and your family’s financial future?

08/26/2026

When stock prices drop, some investors start asking "shoulda, woulda, coulda” questions about whether to remain invested. But as 2025 illustrates, market timing can be very expensive even if it means missing just a few days.

08/26/2026

Women’s Equality Day: The Financial Realities Women Still Face

August 26 is Women’s Equality Day, the anniversary of the 19th Amendment, when women gained the right to vote. More than a century later, we’ve made tremendous progress, but some financial realities still deserve our attention.

These are not just numbers. They represent real families, real decisions, and real financial consequences.

💜 The Earnings Gap Hasn’t Gone Away

In 2024, women working full time, year round earned about 81 cents for every dollar earned by men. That gap has widened for the second consecutive year. Over a lifetime, this can mean lower retirement savings, smaller Social Security benefits, and fewer opportunities to build long term wealth.¹

💜 Women Need Retirement Income That Lasts Longer

Women in the United States live an average of 81.4 years, compared to 76.5 years for men. A longer life is a blessing, but it also means planning for more years of retirement income, healthcare expenses, and financial independence.²

💜 Caregiving Often Comes With A Financial Cost

In 2025, more than 455,000 women left the workforce, and among those who left voluntarily, 42% cited caregiving as the primary reason. Time away from work can mean missed retirement contributions, slower income growth, and fewer Social Security credits.³

These realities are not meant to discourage us. They remind us why financial education and thoughtful retirement strategies matter.

A retirement strategy that considers longevity, lifetime income, healthcare costs, and life’s unexpected changes can help create greater financial confidence for the years ahead.

Every woman’s journey is unique, but every woman deserves the opportunity to make informed financial decisions, protect what she has worked hard to build, and retire with dignity and confidence.

Sources
¹ U.S. Census Bureau, Income in the United States: 2024.

² Centers for Disease Control and Prevention, National Center for Health Statistics, Life Expectancy Data, 2026.

³ Catalyst, Women in the Workforce and Caregiving Statistics, January 2026.

08/25/2026

U.S. credit card debt is approaching a record high.

Americans’ credit card balances reached $1.26 trillion in the second quarter, rising by $21 billion, according to new data from the Federal Reserve Bank of New York.

That puts credit card debt just below the all-time high of $1.28 trillion set late last year.

Strong consumer spending is one factor behind higher balances. Rising prices for essentials like groceries and gas may also be contributing.

Delinquencies remain a concern. The share of credit card balances more than 90 days delinquent rose from 7.6% to 12.8% from mid-2022 through early 2026.

Total U.S. household debt now stands at $18.8 trillion. Auto loan debt also reached a new high of $1.71 trillion.

For households, rising debt is a reminder that everyday expenses, interest rates, minimum payments, and emergency costs can all affect financial flexibility.


Source:

Americans' credit card debt reached $1.26 trillion, increasing by $21 billion in the second quarter of this year, according to new data.

08/25/2026

Learn about Medicare Advantage and the choices it offers you for health care coverage, prescription drugs, and more.

Overview of Medicare Advantage, what’s in them, special rules, and more.

08/23/2026

Small steps can lead to big shifts. Believe in your journey and have faith that better days are ahead🙏🏾

chimofomata.com

08/22/2026

The average college senior graduates with credit card debt. How will your kids manage money?

You taught them how to read and how to ride a bike, but have you taught your children how to manage money?