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Building Your Roadmap to Retirement
 

Women and Finances

Specialized Financial Planning for Women

Please click here to jump to our "Women and Finances - Things to Consider" page. 

It’s time to organize your finances, prepare for unknowns and look forward with confidence.

Shawndi Purselley, CFP® is very passionate about the financial planning needs of women. She has found that most women typically do not plan for a financially healthy lifestyle and believes that conventional financial planning leaves out a many important factors only experienced by women.

Factors Affecting Women Today:

  1. The main factor is longevity. Women at age 65 can expect to live another 19 years, three years longer than a man of the same age.¹ This means you will possibly need more income for those extra years.
  2. Women are more likely to hold part-time jobs, or full-time jobs that do not qualify for a retirement plan. They are also more likely than a man to interrupt their careers to take care of family members; therefore working fewer years and contributing less towards retirement accounts.¹
  3. The population of single women has tripled in the past 50 years—a 204% increase. The poverty rate for all women aged 65 and older is 10.7%—just over one in ten. The poverty rate for single women is almost twice as high at 17.4 %.² Nearly all single older women receive less than $750 a year in asset income.³

There are only a few ways to receive retirement income:

  1. Your Social Security benefit
  2. A retirement plan at work
  3. Your personal savings

Please give us a call at 214-545- 3304 to schedule your free one-on-one meeting. Shawndi also speaks to groups regarding women and finances. If you would like to book Shawndi for your group meeting, let us know.

  1. U.S. Department of Labor, Women and Retirement Savings, www.dol.gov
  2. Unmarried America 2010. A report on the importance and status of unmarried America. March 2010. www.wiserwomen.org
  3. Social Security Administration 2010, www.ssa.gov