This document discusses financial challenges unique to women and provides advice on how women can take charge of their financial future. It outlines that while women live longer on average and typically earn less than men, factors such as higher levels of education and increasing roles in the workforce are reasons for optimism. However, women still face challenges like lower lifetime earnings, taking breaks to caregive, and longer lifespans requiring savings to last longer. The document recommends that women take control of finances, become knowledgeable investors, advocate for themselves, plan for retirement, protect assets, and create an estate plan to achieve financial security. It also suggests working with a financial professional.

1. Women and their Finances
Taking Charge of Your Financial Future

2. Presented by Janet Barr CFS, MS, ChFC,
CLU

3. Charting a Financial Course
Today, it's critical
that women know
how to SAVE,
INVEST,
andPLANfor their
future

4. Reasons for Optimism
 Women represent almost half the
Women todayhave
workforce
never beenin a
 Percentage of household income
earned by women steadily
increasing
 Women-owned businesses growing
to
 Women earn the majority of all
bachelor's, master's, and doctoral
degrees
 Economic clout growing
better position
achieve financial
security
Source: U.S. Department of Labor, Bureau of Labor Statistics, Women in the Labor Force: A
Databook, 2011; National Women’s Business Council, Women-Owned Firms in the U.S., January
2012; U.S. National Center for Education Statistics, Digest of Education Statistics, 2012

5. Potential Financial Challenges
 Women have longer life
expectancies often
 Women generally earn less
face
income and have
less savings
financial
t
 Women are more likely
hat their male
to take career breaks for
counterparts don't
caregiving
 Women often invest too
conservatively
Women
challenges
Source: National Vital Statistics Report, Volume 61, Number 6, October 2012;
U.S. Government Accountability Office, Retirement Security: Women Still Face Challenges,
July 2012; U.S. Department of Labor, Women and Retirement Savings, October 2008

6. Women Have Longer Life Expectancies
 Women live an average of 4.9 years
longer than men
 Retirement dollars will need to
stretch further
 More likely to need long-term care
and face some health-care needs
alone
 Married women likely to have sole
responsibility for financial decisions
and disposition of marital estate
Source: National Vital Statistics Report, Volume
61, Number 6, October 2012

7. Women Generally Earn Less
 Women who work full-time earn
81%--on average--of what men
earn
 Impacts savings, Social Security
retirement benefits, and pensions
 Increased vulnerability to
unexpected economic obstacles:
job loss, divorce, single
parenthood, illness, loss of spouse
Source: U.S. Department of Labor, Bureau of Labor
Statistics, Women in the Labor Force: A Databook,
2011

8. Women More Likely to Take Career
Breaks for Caregiving
 Lost income and employer
benefits
 Potentially lower Social Security
retirement benefit
 Economic vulnerability in event
of divorce, spouse's job loss
 Possible difficulty finding a
comparable job
 Flexible schedules can impact
salary and career advancement

9. No One-Size-Fits-All
Not all women
will face all of these
challenges,but
it's important to
move forward
financially with
themin
mind

10. Take Charge of Your Financial Future
1.
2.
3.
4.
5.
6.
Take control of your money
Become a more knowledgeable
investor
Advocate for yourself in the
workplace
Plan for retirement
Protect your income and assets
Createan estate plan

11. Working with a Financial Professional
 Help you see big picture
 Create a financial plan
 Choose investment options for
short- and long-term needs
 Monitor plan and adjust as
needed
 Keep you up-to-date on new
legislation and tax changes
 Answer questions

12. What Financial Course Will You Chart?
It's all about you. Your goals. Your dreams.

13. Disclaimer

The opinions voiced in this material are for general information only and are not intended to
provide specific advice or recommendations for any individual. To determine which
investment(s) may be appropriate for you, consult your financial advisor prior to investing. All
performance referenced is historical and is no guarantee of future results. All indices are
unmanaged and cannot be invested into directly. The information provided is not intended to be
a substitute for specific individualized tax planning or legal advice. We suggest that you consult
with a qualified tax or legal advisor. LPL Financial Representatives offer access to Trust
Services through The Private Trust Company N.A., an affiliate of LPL Financial.