Women in Investing
Financial Independence depends on more than a Woman's Marital or Job Status!
Many women believe that their financial well-being is inked solely to their marital status or their ability to earn an income. Having true financial independence has much more to do with taking control of your finances. Set goals and learn to use financial strategies that will help you meet your goals.
Being prepared to meet whatever financial challenges come your way may be more important than you think, especially when you consider the following facts:
- Women earn about 80% as much as men!*1
- 44% of women aged 65 and older are widows! *2
- Life expectancy of a 65 year old woman is about 20 years! *3
- 70% of nursing home residents are women! *4
Taking control of your finances includes a broad range of issues that men and women alike must deal with with to help ensure a more independent financial future.
There are six key areas of Financial Management :
- Cash Management
- Risk Management
- Investment Planning
- Retirement Planning
- Estate Planning
- Tax Planning.
- *1 Bankrate.com, November 2006
- *2 US Census Bureau 2005
- *3 National Vital Statistics report 2006
- *4 Institute for Women's Policy Research 2005
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