
You are a force to be reckoned with. Here are the stats:
1) 40% of households with assets greater than $600,000 are headed by women.
2) Women earn over 1 trillion dollars per year. 3) Women own 10 million businesses.
4) Women represent 46% of the workforce holding 1/2 of the management positions.
Green Leaf Financial Consulting recognizes that there are important financial planning issues unique to YOU! 1) Women are out of the workforce 11 years on average, due to childrearing, affecting your future Social Security benefits and contributions to retirement accounts.
2) The average age of widowhood is 56, affecting 75% of you.
3) Women usually live on average 7 years longer than men and need to have 20% more in retirement funds to maintain a desired lifestyle.
4) 8 out of 10 of you will have to make financial decisions due to death of a spouse or divorce.
5) 25% of women go through their spouses death benefit in two months because of lack of planning.
See the 7 Steps below that you can take to check your financial well being.
Step 1 - Anticipate the implications of your uniqueness and Plan Accordingly. Step 2 - Align your Money with your Goals and Values. Step 3 - Take a financial inventory to see where you stand financially. Step 4 - Pay yourself first and know why this is so important. Step 5 - Determine where you should save. Step 6 - Secure your financial well being by planning, growing & protecting your assets. Step 7 - Create an Estate Plan. You have an estate. Is it mapped out the way you want or is the State you live in going to decide for you?
If you would like a copy of the Green Leaf Financial Consulting 7 Step guide to financial well-being, contact us today.
We are available to speak to groups about these issues and a how to guard against them.
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