Women need to understand their finances.
Women have to face some sobering economic realities. Full time working women make less money than their male equivalents (29% less). Women live on average 5 years longer than men, and those that live to age 65 can anticipate living another 20.8 years. The average age of widowhood for women is 56, while 83% of one-parent families are headed by women.
All that; and to think 9 out of 10 women would rather go bathing suit shopping than meet with a financial planner. In Canada women influence 1.3 trillion of the wealth and what we see as financial success is different than men.
What Women consider Financial Success:
- Being able to deal with unexpected emergencies,
- Paying bills on time,
- Being debt free,
- Have enough money saved for a comfortable retirement, and
- Being able to afford to purchase whatever they want beyond the basic necessities.
Case-Study-Single-Woman-Individual (click to download)
Women in Transition
Whether you find yourself single as the result of a divorce or through the loss of your spouse, getting your finances in order should be a priority. You have many financial issues to consider;
- Establish an emergency fund.
- Insurance protection – for you and to protect your children
- Education funding
- Update your Will and Power of Attorney
- Update your beneficiaries and survivor benefits
Secure your financial future by gaining control over your finances, set up an appointment, I will help you.
Products or services related to investments, investment recommendations, financial planning, retirement planning, and investment reviews are provided through our mutual fund dealer Security Financial Services and Investment Corp.
4665 Yonge Street, Suite 309, Toronto, ON M2N 0B4 t 416.964.0440