• Home
  • Choosing a Firm 
    • Interviewing a Financial Advisory Firm
    • What to Expect
  • About 
    • Team
    • Mission
  • Services 
    • Preventing Probate
  • Process 
    • New Client Process
    • Unintended Heirs
    • Unintended Consequences
    • Getting Results
  • Resources 
    • Account Access
    • Useful Links
    • Retirement
    • Estate
    • Investment
    • Insurance
    • Tax
    • Money
    • Lifestyle
    • Tax Resources
    • Glossary
  • Events
  • Contact
Retirement

Women on the Rise

Women on the Rise Conquering: Unique Retirement Challenges. Financial success is a goal for many, but women face unique barriers that can make that goal more difficult to achieve. Understanding today’s financial landscape can help women rise to the challenge, know their worth, and take control of their futures.Daunting Realities Although history has seen some significant progress for women over the last century, there’s still a long way to go toward financial equality. Women make 80.5 cents for every dollar their male counterparts make in a similar job. (1) The average Social Security retired worker benefit for women is $14,928 per year, compared with $18,780 for men. (2) 46% of married women in their 50s in two-income households are at risk of being unable to maintain their standard of living in retirement. 32% of married women in their 50s in one-income households are at risk of being unable to maintain their standard of living in retirement. 39% of single women in their 50s are at risk of being unable to maintain their standard of living in retirement. (3)Enormous Potential The truth is, women wield a huge amount of influence over the economy, and their impact is only likely to grow. Women control 51% of all personal wealth in the United States today. (4) Over the next 40 years, women stand to inherit $28.7 trillion in intergenerational wealth. (5) On average, women save 9% of their salary. That’s almost a full percent higher than men. (6)Increasing Impact The numbers don’t lie: more women are successfully founding and leading businesses than ever, with impressive results. There are 114% more women entrepreneurs than there were 20 years ago. (7) The number of businesses owned by African-American women has grown by 164% since 2007. (8) Businesses founded by women deliver 2x more revenue per dollar invested. (9)Support for the Journey While we can’t create economic equality overnight, we can help make sure every woman is fully equipped, supported, and prepared to pursue her own unique goals. Let’s get to work, together. Sources: 1. Columbiathreadneedleus.com, 2019; 2. SSA.gov, 2018; 3. Forbes.com, July 10, 2019; 4. Georgetown University, 2018; 5. Visualcapitalist.com, March 4, 2019; 6. Visualcapitalist.com, March 4, 2019; 7. Fundera.com, 2019; 8. Forbes.com, January 28, 2019; 9. Forbes.com, January 28, 2019;
Share |
 

Related Content

The Power of Tax-Deferred Growth

The Power of Tax-Deferred Growth

Why are 401(k) plans, annuities, and IRAs so popular?

What's So Great About a Rollover?

What's So Great About a Rollover?

Making a career move requires tough decisions, not the least of which is what to do with the funds in your retirement plan.

Investment Strategies for Retirement

Investment Strategies for Retirement

Investment tools and strategies that can enable you to pursue your retirement goals.

The Gold Tree Process

 

Prevent Unintended Heirs

 

Plan for Unintended Consequences

 

Have A Question About This Topic?

Thank you! Oops!
 

Contact

Office: (904) 725-0556

Toll-Free: (888) 720-0556

Fax: (904) 720-1909

info@gtfjax.com
 

Check the background of your financial professional on FINRA's BrokerCheck.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

Copyright 2021 FMG Suite.

Andy J. Whitaker, CRPC®, and Sue Walker, Registered Representatives. Securities offered through ProEquities, Inc., a Registered Broker-Dealer, Member FINRA & SIPC. Advisory services offered through Investment Advisors, a Registered Investment Advisor, a division of ProEquities, Inc.  Gold Tree Financial (GTF), Inc. is independent of ProEquities, Inc. Information is for informational purposes and should not be construed to be specific tax, legal, or investment advice.  Decisions regarding individual circumstances should include consultation with a professional who understands your situation.  All investment purchases are to be preceded by a current investment prospectus.

Contact

Andrew J. Whitaker, CRPC

Office: (904) 725-0556

Toll-Free: (888) 720-0556

Fax: (904) 720-1909

8596 Arlington Expressway

Jacksonville, FL 32211

info@gtfjax.com

Quick Links

  • Retirement
  • Investment
  • Estate
  • Insurance
  • Tax
  • Money
  • Lifestyle
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations