Richard D. DiStefano Financial Consultant - Mesa, AZ
 
Account View
 
Home NavigationMENU
  • Home
  • About 
    • Richard D. DiStefano
    • Our Firm
    • Mission
    • About LPL Financial
    • Fiduciary Focus
  • Services 
    • Overview
    • Retirement
    • Investment
    • Insurance
    • Federal Employees
    • Important Facts
  • Resources 
    • Articles
    • Videos
    • Calculators
    • Presentations
    • Useful Links
  • Contact
Retirement

Women on the Rise

Women on the Rise Conquering: Unique Retirement Challenges. Financial success is a goal for many, but women face unique barriers that can make that goal more difficult to achieve. Understanding today’s financial landscape can help women rise to the challenge, know their worth, and take control of their futures.Daunting Realities Although history has seen some significant progress for women over the last century, there’s still a long way to go toward financial equality. Women make 80.5 cents for every dollar their male counterparts make in a similar job. (1) The average Social Security retired worker benefit for women is $14,928 per year, compared with $18,780 for men. (2) 46% of married women in their 50s in two-income households are at risk of being unable to maintain their standard of living in retirement. 32% of married women in their 50s in one-income households are at risk of being unable to maintain their standard of living in retirement. 39% of single women in their 50s are at risk of being unable to maintain their standard of living in retirement. (3)Enormous Potential The truth is, women wield a huge amount of influence over the economy, and their impact is only likely to grow. Women control 51% of all personal wealth in the United States today. (4) Over the next 40 years, women stand to inherit $28.7 trillion in intergenerational wealth. (5) On average, women save 9% of their salary. That’s almost a full percent higher than men. (6)Increasing Impact The numbers don’t lie: more women are successfully founding and leading businesses than ever, with impressive results. There are 114% more women entrepreneurs than there were 20 years ago. (7) The number of businesses owned by African-American women has grown by 164% since 2007. (8) Businesses founded by women deliver 2x more revenue per dollar invested. (9)Support for the Journey While we can’t create economic equality overnight, we can help make sure every woman is fully equipped, supported, and prepared to pursue her own unique goals. Let’s get to work, together. Sources: 1. Columbiathreadneedleus.com, 2019; 2. SSA.gov, 2018; 3. Forbes.com, July 10, 2019; 4. Georgetown University, 2018; 5. Visualcapitalist.com, March 4, 2019; 6. Visualcapitalist.com, March 4, 2019; 7. Fundera.com, 2019; 8. Forbes.com, January 28, 2019; 9. Forbes.com, January 28, 2019;
Share |
 

Related Content

The Power of Tax-Deferred Growth

The Power of Tax-Deferred Growth

Why are 401(k) plans, annuities, and IRAs so popular?

Social Security: Five Facts You Need to Know

Social Security: Five Facts You Need to Know

Here are five facts about Social Security that are important to keep in mind.

Investment Strategies for Retirement

Investment Strategies for Retirement

Investment tools and strategies that can enable you to pursue your retirement goals.

 

Market Research

  • Weekly Market Commentary 
  • Weekly Economic Commentary
  • Bond Market Perspectives
  • Portfolio Compass
  • Market Outlook
  • Midyear Outlook
  • Search For Income
  • Market Insight Monthly
  • Market Insight Quarterly
 

Get Financial News & Updates Delivered to Your Inbox





Thank you!

Error processing your request. Please try again at a later time.

Check the background of your financial professional on FINRA's BrokerCheck.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.

Copyright 2021 FMG Suite.

Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

The registered representative of LPL Financial associated with this site may only discuss and/or transact securities business with residents of the following states: AZ, FL, NM, and NY

Contact

R & D Financial Services
Office: 480-491-4695
Fax: 866-791-1216

1136 East Harmony
Suite 203
Mesa, AZ 85204

richard.distefano@lpl.com

Quick Links

  • Retirement
  • Investment
  • Estate
  • Insurance
  • Tax
  • Money
  • Lifestyle
  • All Articles
  • All Videos
  • All Calculators
  • All Presentations