Client Centric Financial Advisors  Home
  • Home
  • Products 
    • Fiduciary Focus
  • About Us 
    • About Us...
    • Partnership with LPL Financial
    • Partnership with Stratos Wealth Partners
  • Investment Strategies 
    • Guided Wealth Portfolios
  • Insights 
    • Weekly Market Commentary
  • Education 
    • Investment Solutions
    • Planning For Retirement
    • Estate Planning
    • Risk Management
  • Resources 
    • Account View
    • LPL Research
    • Tax Resources
    • Useful Links
    • Glossary
    • Connect With Us
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

RE: Retirement

RE: Retirement

How does your ideal retirement differ from reality, and what can we do to better align the two?

Why Medicare Should Be Part of Your Retirement Strategy

Why Medicare Should Be Part of Your Retirement Strategy

How Medicare can address health care needs in your retirement strategy.

Investment Strategies for Retirement

Investment Strategies for Retirement

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

Get Financial News & Updates Delivered to Your Inbox

Thank you!

Error processing your request. Please try again at a later time.

 

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.

Securities offered through LPL Financial, member FINRA/SIPC. 

Investment advice offered through Stratos Wealth Partners, Ltd., a registered investment advisor. Client Centric Financial Advisors and Stratos Wealth Partners are separate entities from LPL Financial.

The LPL Financial Registered Representative associated with this website may only discuss and/or transact securities business with residents of the following states: NC, OH

 

Contact

Client Centric Financial Advisors

Office: (614) 869-3001

Mobile: (614) 205-9398

Fax: (614) 437-1586

9999 Brewster Lane

Suite 101

Powell, OH 43065

Series 7, Series 66, State of Ohio Insurance Agent: Resident-Major Lines (Accident & Health, Life Variable)

kgargasz@stratoswp.com

Quick Links

  • Planning For Retirement
  • Investment Solutions
  • Estate Planning
  • Risk Management
  • Tax Resources
  • Money
  • Lifestyle
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations