Financial fitness what every woman should know
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Financial Fitness: What Every Woman Should Know. By Linda Descano, CFA Chief Operating Officer Women and Company. Disclosure Statement .

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Financial Fitness: What Every Woman Should Know

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Financial fitness what every woman should know

Financial Fitness:

What Every Woman Should Know

ByLinda Descano, CFAChief Operating OfficerWomen and Company


Financial fitness what every woman should know

Disclosure Statement

Women and Company is not registered as a broker-dealer nor as an investment advisor. Brokerage services and/or investment advice are available to Women and Company members through Citigroup Global Markets Inc., member SIPC, and Citicorp Investment Services, member NASD/SIPC, and affiliates of Citibank. All references to Women and Company Financial Professionals refer to registered representatives who are employees of Smith Barney, a division of Citigroup Global Markets Inc., or Citicorp Investment Services that have elected to service Women and Company members. Through Women and Company, members can access information about Women and Company Financial Professionals; however, Women and Company does not recommend or otherwise assist a member in selecting a specific financial professional. Members are free to select financial professionals other than those affiliated with Citigroup. Other financial professionals may offer similar services at different or lower rates than Citigroup Global Markets Inc. or Citicorp Investment Services. Women and Company and Women & Co. are registered service marks of Citigroup Inc. Women and Company is a division of Citigroup. Smith Barney is a division of Citigroup Global Markets Inc. Citigroup Global Markets Inc. and Citicorp Investment Services are subsidiaries of Citigroup Inc. The Women and Company program is a resource within Citigroup accessed by its numerous subsidiaries for assistance in better serving the women's market. In consideration of this assistance, certain of such subsidiaries, including Citigroup's Global Consumer Group and Smith Barney, a division of Citigroup Global Markets Inc., reimburse certain expenses of Women and Company. Neither Women and Company, Smith Barney nor Citicorp Investment Services provide legal or tax advice; you should consult with your own tax or legal advisors.


How well do you know the financial facts of a woman s life

How Well Do You Know the Financial Facts of A Woman’s Life??


The facts

THE FACTS

About what percent of wives outearn their husbands?

 10%

 30%

 50%


The facts1

THE FACTS

About what percent of wives outearn

their husbands?

About one-third.

Source: Business Week, 2003


The facts2

THE FACTS

Who tend to be better investors – all-women investment clubs or all-male clubs?


The facts3

THE FACTS

Who tend to be better investors – all-women investment clubs or all-male clubs?

All-Women Investment Clubs

All-female investment clubs outpaced all-male investment clubs with average compounded lifetime annual returns of 23.8% vs. 19.2%.

Source: Wow! Facts, 2002


The facts4

THE FACTS

What percentage of your pre-retirement income will you need to maintain your

lifestyle after you stop working?

 40%

 75%

 90%


The facts5

THE FACTS

What percentage of your pre-retirement income will you need to maintain your

lifestyle after you stop working?

75-90%

Source: American Savings Education Council, 2004


The facts6

THE FACTS

What is the likelihood that a 65-year old woman will live until age 88?

 25%

 50%

 75%


The facts7

THE FACTS

What is the likelihood that a 65-year old woman will live until age 88?

50%

And there’s a 25% chance that she’ll live until age 94.

Source:MetLife Mature Market Institute, 2004


The facts8

THE FACTS

Who’s at more risk of outliving their savings – men or women?


The facts9

THE FACTS

Who’s at more risk of outliving their savings – men or women?

Women

Source:National Council of Women’s Organization, 2003; The National Women’s Health Information Center, 2003


Are you prepared ten steps to financial fitness

Are You Prepared? Ten Steps to Financial Fitness


Financial fitness what every woman should know

1. Organize A Support Network


Financial fitness what every woman should know

2. Get Your Financial Paperwork in Order


Financial fitness what every woman should know

3. Get Educated About Your Money


Financial fitness what every woman should know

4. Prepare A Household Budget


Financial fitness what every woman should know

5. Determine Your Money Goals and Values


Financial fitness what every woman should know

6. Develop a “Life” Plan – And Stick To It


Financial fitness what every woman should know

7. Address the “What Ifs”


Financial fitness what every woman should know

8. Evaluate Your Own Long-Term Care Needs


Financial fitness what every woman should know

9. Protect the Wealth You Are Accumulating


Financial fitness what every woman should know

10. Stay Informed and Engaged


Financial fitness what every woman should know

The Women and Company Membership

  • Financial Education on Life’s Financial Issues

  • Access to Consultative Resources on Issues with Short-and Long-Term Financial Consequences: Taxes, Real Estate and Care Giving

  • Savings and Discounts on Various Products

  • Access to the Resources of Citigroup


Financial fitness what every woman should know

Women and Company

www.womenandco.com


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