Women and Wealth
Women face unique challenges and opportunities when it comes to wealth planning and investing for the future. By choice or by circumstance, the vast majority of women will be solely in charge of their family finances at some point in their lives – whether they choose to remain single, experience divorce or simply live longer than their partners. Moreover, women often have different financial priorities than their male counterparts, with a greater focus on philanthropy and transitioning wealth to the next generation. A comprehensive financial plan – combined with trusted investment advice – is key to ensuring you can achieve your goals and protect your long-term financial wellness.
Women statistically live longer than their male counterparts and are much more likely to be widowed; age 59 is the median age of when a woman loses her spouse. The inheritance experience for women is often lonely and confusing, when it could be collaborative and empowering. Having a financial plan in place and a trusted advocate can provide peace of mind during a difficult time. |
Navigating the emotional and financial implications of divorce is challenging at best, and becomes more complex as you age and your wealth grows. If you’re like many women, you will need to reevaluate your financial priorities and adopt new strategies to protect yourself and your dependents following a divorce. |
Women are enjoying great success as professionals and business owners. Along with the reward of independence and flexibility, however, comes additional financial complexity. Thinking through the role that your business plays in achieving your lifestyle and long-term goals is an important step in managing your financial future. |
Women still take on the majority of the family caregiving responsibilities, which often extends into caring for aging parents while still supporting young adult children. The combination of personal and professional obligations will have a direct impact on your career and finances, making it that much more important to make time and space to protect your own future. |
Women at all levels of wealth are more likely than men to align their investments with their giving goals, aiming to increase their wealth while helping others. With greater emphasis on making a difference in the world, formalizing your investment and eventual legacy plan can help ensure you achieve the impact you desire, while giving in a tax-efficient manner. |
We all have different challenges and priorities when it comes to long term wealth planning. Together, we can build a comprehensive plan that gives you the confidence to successfully navigate life’s milestones.
Please contact us today to discuss your goals so that we can help you feel more confident in your financial future.
