Helping to empower women for financial success
While every woman’s situation is different, there are a few factors that tend to make retirement different for women than it is for men. Empowering women for financial success helps address some of the unique challenges they may face in retirement.
Some of these challenges include:
- Costs of living longer can potentially lead to income concerns
- Less confidence in retirement can lead to guesswork
- Women may have had less involvement in financial decisions
More than ever before, women need to be empowered to become more confident in taking control of their financial future.
Throughout their lives, many women have put the needs of others before their own. This may include playing the role of primary caregiver to children, grandchildren, or even their own aging parents. Shifting the focus from others to themselves when it comes time to plan for retirement can represent a dramatic change for many women.
With longer life expectancies than their male counterparts, women need to be active participants in financial planning and documentation. Since many women will outlive their husbands, they will likely have to live with those financial decisions after their spouse has passed away. While it may be difficult and unpleasant for women to plan for a time that does not include their spouse, thinking ahead may help support their financial well-being when major life events do inevitably take place.
Page is an advisor, planner and partner at FSS Group. Page has an extensive background in building, implementing and maintaining comprehensive retirement plans. She has helped scores of clients achieve retirement security. Page graduated Summa Cum Laude from Dominican University with dual Bachelors of Science Degrees. She is registered as an investment advisor representative and was previously registered as a broker. While she has couples as clients, Page has a passion for working with single women on their retirement plans. Originally from Northern California, she now lives in Highland Village, TX. When not riding her horse, she enjoys cooking and spending time with her two sons.