Home NavigationMENU
  • home
  • Client Services
  • Resources 
    • Strategic Alliances - McHugh CPA Group
    • Retirement
    • Estate
    • Investment
    • Insurance
    • Tax
    • Money
    • Lifestyle
  • Tools 
    • Glossary
    • Tax Resources
    • Calculators
  • Client Login
  • 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 82.3 cents for every dollar their male counterparts make in a similar job. (1) The average Social Security retired worker benefit for women is $16,496 per year, compared with $20,921 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. 40% 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) Black women own 42% of new businesses owned by women and 36% of Black-owned employer businesses. (8) Women launch more than 1,200 new businesses every single day in the U.S. (9)Support for the Journey Many women report having strong relationships with their financial professionals. In fact, 70% of women say they would refer their financial rpfessional to a friend or relative. Whatever your financial needs, we're here to help (10). Sources: 1. DOL.gov, 2021; 2. SSA.gov, 2020; 3. Prudential.com, 2019 (latest data available); 4. FA-mag, 2020; 5. Visualcapitalist.com, 2019; 6. Visualcapitalist.com, 2019; 7. WhattoBecome.com, 2021; 8. Forbes.com, October 26, 2020; 9. BusinessNewsDaily.com, 2021; 10. ML.com, 2021
 

Related Content

An Overview of Renter’s Insurance

An Overview of Renter’s Insurance

Don’t overlook the need for renter’s insurance if you rent your home.

Earnings for All Seasons

Earnings for All Seasons

Earnings season can move markets. What is it and why is it important?

Risk Tolerance: What’s Your Style?

Risk Tolerance: What’s Your Style?

Learn about what risk tolerance really means in this helpful and insightful video.

 

Have A Question About This Topic?









Thank you! Oops!
 

Sign up for my Newsletter





Thank you!

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

 

Contact

Office: 770.965.4932
Toll-Free: 877.453.5238
Fax:770.449.1710

Send an Email

Facebook Twitter LinkedIn

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 2023 FMG Suite.

LPL is separate and apart from McHugh CPA Group, a certified public accounting firm. No accounting services are provided through the association with LPL. All accounting services, not limited to the following list, are provided exclusively as a certified public account with McHugh CPA Group. Tax planning and preparation, auditing and bookkeeping services, the reconciliation of checking and other receipt and disbursement records, the compilation of financial statement and trust and custodial services including acting as executor trustee or custodian for assets. All accounting services, including those listed, are provided exclusively through McHugh CPA Group as a certified public accountant. LPL will be held harmless from any and all liability that may arise from my, M. Scott McHugh, provision of accounting services.

Securities offered through LPL Financial, A registered investment adviser member FINRA/SIPC
McHugh Financial Group, McHugh CPA Group, and LPL Financial are separate entities.

Registered for Securities in the following state: AL, FL, GA, IL, MA, MT, NC, NM, OH, SC, UT.

Contact

McHugh Financial Group Inc
Office: 770.965.4932
Toll-Free: 877.453.5238
Fax: 770.449.1710

3145 Reps Miller Road
Stuite B
Norcross, GA 30071

Send an Email

Facebook Twitter LinkedIn

Quick Links

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