Fierce Females in Finance Share Tips for Making it in the Banking World
Finance and banking have traditionally been male-dominated fields, but women are breaking through and proving they belong.
Libby Leffler, VP of Membership at SoFi, and Alexandra Taussig, Senior Vice President of Fidelity Investments, were with us to discuss how women can make their way up the ranks in the banking world.
Taussig oversees a team that encourages women to get more financially engaged. She explains the factors holding women back. Taussig said women don't typically consider themselves investors and believe they are too busy. She added that women tend to be less confident than men about investing, despite research that shows women achieve better earnings. "Like Warren Buffett, women tend to buy and hold," said Taussig.
SoFi is focused on making investors feel more confident and educated about investing. Leffler said that female members of SoFi are worried about more than just money. Part of being a SoFi member means you get a career coach, as well as access to 400 plus network events throughout the year. Leffler shared how these events are helping millennials take control of their finances.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
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