Investing in Yourself: Meeting the Unique Financial Needs of Women

1. <Name> <Title> John Hancock Investments <Date>

2. Welcome to invest in yourself • Today, you’ll have an opportunity to:

3. Women have unique needs Earn less1 Work less2 Live longer3 • 1 “America’s Women and the Wage Gap,” National Partnership for Women & Families, April 2018. 2 “American Time Use Survey Summary—2017 results.” U.S. Bureau of Labor Statistics, June 2018, www.bls.gov/news.release/atus.nr0.htm. 3 Health, United States, 2016, cdc.gov, 2017.

4. Women have unique needs (cont’d) Receive fewer pensions • Only 31.6% of unmarried women over 65 are receiving their own private pensions1 Lack confidence in their financial knowledge • 55% of women believe they know less than the average investor2 • Fewer than 2 in 10 women feel “very well prepared” to make wise financial decisions, and 80% indicate they need help3 1 “Social Security Is Important to Women,” ssa.gov, April 2017. 2 “Women and Investing: A Behavioral Finance Perspective,” ml.com, November 2015. 3 “Financial Experience & Behaviors Among Women: 2014–2015 Prudential Research Study,” prudential.com, 2014.

5. A major economic force • 1 “Financial Experience & Behaviors Among Women: 2014–2015 Prudential Research Study,” prudential.com, 2014. 2 “Table 322.20: Bachelor's degrees conferred by postsecondary institutions, by race/ethnicity and sex of student: Selected years, 1976–77 through 2015–16,” nces.ed.gov, 2017. 3 “Table 323.20: Master's degrees conferred by postsecondary institutions, by race/ethnicity and sex of student: Selected years, 1976–77 through 2015–16,” nces.ed.gov, 2017. 4 “Table 324.20: Doctor’s degrees conferred by postsecondary institutions, by race/ethnicity and sex of student: Selected years, 1976–77 through 2015–16,” nces.ed.gov, 2017. 5 “The State of Women-owned Businesses Report,” americanexpress.com, 2016.

6. Recognizing your role as income earners • 1 U.S. Department of Labor, Bureau of Labor Statistics. Wives who earn more than their husbands, 1987–2014.2“Women's Wealth Growing Faster Than Men’s,” Megan Leonhardt, Time, 6/7/16. 3 ”Harnessing the Power of the Purse: Female Investors and Global Opportunities for Growth," Morgan Stanley, January 2015. • 28% of married women whose spouses work outearn their husbands¹ • The amount of wealth controlled by women is expected to grow at an average annual rate of 7%² • By 2025, women are expected to control 66% of U.S. wealth³

7. Importance of knowing your needs Only 35% of women surveyed take the lead in their household in working with a financial advisor1 90% will have sole responsibility for their finances at some point in their lives2 • 1 Women’s Perspectives on Saving, Investing, and Retirement Planning. Insured Investment Institute, November 2015. 2National Center for Women and Retirement Research, 2015.

8. Learning from each other

9. True or false?

10. Surprising facts • 1“Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers, According to New CareerBuilder Survey,” press.careerbuilder.com, 8/24/17. 2Financial Literacy for People Aged 51 and Older, Joanne Hsu, the U.S. Federal Reserve Board, 2012. 3 “Women Should Plan for More Than One Inheritance,” Kerry Hannon, nextavenue.org, 11/21/12. 4 “Maternity Leave and Employment Patterns of First-Time Mothers: 1961–2008,” census.gov, 2011. 5 “Single Parent, Singular Challenges,” Allianz LoveFamilyMoney study, 2014.

11. Common financial events • Saving for college • Birth/adoption • Getting married • Buying a home • Caring for children/parents • Starting a business • Relocating • Unexpected death • Retirement • Divorce • Inheritance • New job • Promotion • Living alone • Working part time vs. full time • Illness • Now for some scenarios

12. Allison Keyes, 28 • Group discussion What are some ways Allison can pay down her debt, and what other things should she consider as a single person? “I’ve worked hard, and I finally have a good job. My next goal is to buy a condo, but should I reduce my debt first? I’m not sure what will have the most impact and benefit me more in the long run. Should I pay off more on my car, eliminate some credit card debt, or start paying down some of my student loans?” • Hypothetical scenario.

13. Key points for Allison Manage debt Pay off high interest-rate debt Invest for retirement Contribute to a 401(k) or IRA—the sooner, the better Disability insurance Single people, primary breadwinners, and business owners should consider disability insurance Save for emergencies Set aside money that can be easily accessed

14. Key points for Allison (cont’d) • Not all interest rates are created equal • 17.22%3 • Interest rate • 4.85%1 • 5.05%2 • 0.08%4 • 0.05%4 • What would you tell Allison to do? • 1 bankrate.com, as of 8/1/18. Current auto loan interest rates, based on 60‐month new car loan. 2 “Interest Rates and Fees on Federal Student Loans, undergraduate, 2018‐ • 2019 Award Year,” edvisors.com, August 2018. 3 bankrate.com, as of 8/1/18. Current credit card interest rates, based on 3‐month trends. 4 FDIC, August 2018. Weekly national rates and rate caps.

15. Allison’s action steps

16. Sue Robinson, 35 • Group discussion What are some factors Sue should consider? “When we found out we were having a baby, we were so excited. Now that it’s getting closer, we don’t know what to do first. I’m not sure if I’ll want to extend my maternity leave, work part time, or stay at home. Should we look for a bigger home, start saving for college, or get life insurance?” • Hypothetical scenario.

17. Key points for Sue to consider • Life insurance Rule of thumb: 6x to 8x your salary • Flexible work arrangements Check out options to work from home, telecommute, or job share • Save for college Even small amounts can add up over time • What other advice would you offer Sue?

18. Sue’s action steps

19. Andrea Caponi, 45 • Group discussion What are some factors Andrea should consider? “I married my college boyfriend at 25 and worked for a few years before we started our family. When the youngest started school six years ago, I began volunteering in the public schools and at our local hospital. Fast-forward to now, and my husband and I are in the middle of a divorce. I have the three kids with me most of the time. The oldest is starting college in the fall. Financially, it’s been a huge adjustment, and I need to go back to work. I’ve been out of the workforce for 17 years now and I don’t know where to start.” • Hypothetical scenario.

20. Key points for Andrea • Analyze tax consequences of asset division Family house versus pension and retirement assets • Understand the financial picture Review bank statements, tax returns, pay stubs, and canceled checks; determine a household budget • Leverage social networks to restart a career • LinkedIn offers easy ways to connect with individuals and groups • Facebook reaches many people quickly and easily • What other advice would you offer Andrea?

21. Andrea’s action steps • 21

22. Many skills are transferable • A volunteer position at a hospital may translate to: • Chairing a fund-raising committee that raised $2 million, a 21% increase over past years’ donations • Streamlining the forms process as an emergency room volunteer • Creating, funding, and launching a children’s story hour for patients in extended care

23. Jenny Wong, 55 • Group discussion Has anyone here experienced something similar? “My mother was diagnosed with Alzheimer’s two years ago. Recently, she had a couple of accidents in her home, so she’s moving in with us—me, my husband, and my two teenagers. She’s still with it much of the time, but her information is in complete disarray. I can barely keep up with her prescriptions and medical appointments. She’s nervous about her money and not sure how much she has or where it all is. I’m considering leaving my job to care for her full time. I’m worried that my mother may have to go to a nursing home.” • Hypothetical scenario.

24. Key points for Jenny • Long-term care insurance Provides long-term benefits to the chronically ill or disabled; appropriate for those 50 or older and reasonably healthy • Adult day care resources Information is available online to impaired seniors and their caregivers • Stress relief Jenny needs to focus on the impact on her and her family • “Of the people who reach age 65, 70% may need long-term care at some point during their life.”¹ • 1 “The Basics,” longtermcare.acl.gov, February 2017.

25. Key points for Jenny (cont’d) • Most/very important financial concerns of women • Source: “Financial Experience & Behaviors Among Women: 2014–2015 Prudential Research Study,” prudential.com, 2014.

26. Jenny’s action steps

27. Ellen Anderson, 72 • Group discussion What advice would you offer Ellen? “I was a teacher in the public schools for 40 years before retiring with a pension. I was married to my high school sweetheart at 21, and he passed this year, just after we’d celebrated our 50th anniversary. I have my pension, as well as my late husband’s Social Security benefits, and some stocks and mutual funds, but I worry that it won’t be enough. I’m concerned about the rising price of prescription medications and how long I’ll be able to live on my own without assistance. I’d also like to leave a legacy for my three grandchildren, however small it may be.” • Hypothetical scenario.

28. Key points for Ellen • Estate planning Wills, trusts, annual gifting, creating and updating beneficiaries, naming an executor, and establishingpower of attorney • Leave a legacy 60% of women say it’s important to maintain a standard of living for their family in case of unexpected death or disability1Understand senior programs Social Security and Medicare • 1 “Financial Experience & Behaviors Among Women: 2014–2015 Prudential Research Study,” prudential.com, 2014.

29. Ellen’s action steps

30. It pays to have a plan • Be preparedfor emergencies • Insurefor the unexpected • Reducedebt • Createa will and an estate plan • Contributethe maximum to retirement plans • Investfor the long term • Seek expert advice

31. Develop a total financial strategy Wealth transfer Estate planning Retirement income strategy Risk management Lifestyle management Longevity expertise Asset accumulation Charitable giving Long-term care

32. Two types of retirement expenses

33. Estate planning guidance Half of all women who become widowed become so by age 65 DO YOU KNOW your options for any inherited retirement accounts or Social Security benefits? HAVE YOU THOUGHT about who you are going to designate as beneficiary on these accounts? • Source: “Widowhood: Why Women Need to Talk About This Issue,” Women’s Institute for a Secure Retirement, www.wiserwomen.org, 2018.

34. Spousal IRA options • Do not automatically make the surviving spouse an IRA owner if: • The surviving spouse is under the age of 59½, if they would need to take a distribution • The decedent is younger than 70½, but the surviving spouse is over the age of 70½ and establishing an inherited IRA might be considered • The estate tax exemption is not fully used

35. Social Security considerations While both spouses are alive, benefits can be based on their own earning records or on a spouse’s benefit. At full retirement age (FRA), benefits are equal to 50% of the higher earner’s amount, which decreases prior to FRA. At FRA,widows can receive the survivor’s benefits equal to 100% of their spouse’s benefits if it’s higher than their own. Widows can receive reduced benefits at age 60, 50 if disabled, or at any age if caring for a child that’s under 16 or disabled. • For current benefit information, please visit socialsecurity.gov.

36. A financial advisor can help • Evaluate your current situation • Develop short- and long-term financial goals • Create a financial plan • Tailor your investments to match your risk tolerance and timeframe • Stay on track with ongoing evaluations

37. Keys to developing a successful financial plan • Organize your financial picture • Prepare for emergencies

38. Retirement resources • Contact your financial advisor • Visit our website at jhinvestments.com

39. This material does not constitute tax, legal, or accounting advice, and neither John Hancock nor any of its agents, employees, or representatives are in the business of offering such advice. It was written to support the marketing of the transactions or topics it addresses. Anyone interested in these transactions or topics should seek advice based on his or her particular circumstances from independent professional advisors. • MF573364 • INVESTIYPPT 8/18