On #WomenandWealth

The Wooding Group

April 13, 2017

As women, we travel through our lives with an important and overriding set of values that laser focus our care and attention on the people whom we love; those relationships that matter most and are almost always top of mind. The needs of our family, friends, career – and the “to-do’s” on our daily list of priorities take much time and effort to properly fulfill. Everyone seems to need our attention!

But What About Ourselves?

We are incredibly important too. We work hard for our families to ensure the future is bright and in doing so, we must continually attempt to balance these competing priorities.

Often, the thought of learning about investing for our future gets lost in the shuffle (it’s in the future and there’s too much to do right now! Right?) As women, it is important to have a basic understanding of finance and a personalized wealth plan in place. We need to put our money to work as hard as we do, to ensure we can successfully reach both our short and long-term goals. Having a well-documented and realistic financial plan, coupled with a quality focused investment plan is foundational to our success.

Let’s Start Spreading the Word!

Feel free to share our Women & Wealth blogs with women you care about; empower your mother, grandmother, aunts, Sisters, daughters, and your friends with financial well-being tips.

Research from Fidelity Personal Investing in the U.S.: Couples Retirement Study 2013, and Women in the Labor Force: A Databook US Bureau of Statistics, 2012; shows that:

  • Only 4% of women spearhead their family’s investment strategy. Among affluent women, 80% consider themselves “beginner investors,” compared with 50% of men.
  • One would think it might be different for younger women. It’s not. Only one in eight Gen Y women (born 1978–1988) call themselves the primary decision maker when it comes to personal finance. And only 9% are confident about managing investments.
  • Yet 90% of women will have to manage their finances on their own at some point in their life. They may leave the workforce to raise young children or care for a sick family member, become divorced or find themselves widowed.