Planning for Women
Currently, women represent approximately half of the population in the United States. In an industry dominated by men, our firm recognizes that representation matters. With 50% of our partners and 2/3 of our entire team female, we are uniquely positioned to understand and help women.
Our female advisory team recognizes the challenges women face in the financial world – not only are women still paid less, on average, than men, but they are often out of the workforce while supporting family. This has a huge impact on the ability to save, invest, and create a secure future and retirement.
We firmly believe that women should be educated and in control of their money. The statistics show us that this is an imperative, not an option:
- The average age of a widow is 59 in the US1, and half of women who become widowed become so by age 65.2
- Official income projections assume that a single older woman needs 100% of their original income to achieve the same standard of living that the couple had.3
- Household income generally declines by about 40% after the death of a spouse due to changes in Social Security benefits, spouse's retirement income, and earning.4