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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

Financial Fitness:

What Every Woman Should Know

ByLinda Descano, CFAChief Operating OfficerWomen and Company


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.



The facts
THE FACTS Life?

About what percent of wives outearn their husbands?

 10%

 30%

 50%


The facts1
THE FACTS Life?

About what percent of wives outearn

their husbands?

About one-third.

Source: Business Week, 2003


The facts2
THE FACTS Life?

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


The facts3
THE FACTS Life?

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 Life?

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 Life?

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 Life?

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

 25%

 50%

 75%


The facts7
THE FACTS Life?

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 Life?

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


The facts9
THE FACTS Life?

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? Life?Ten Steps to Financial Fitness












The Women and Company Membership Life?

  • 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


Women and Company Life?

www.womenandco.com


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