eMoneyeMoney LoginSchedule An Appointment GoToMeetingGoToMeeting
Condon Sullivan Wealth Management & Planning - Cornerstone Financial Group - Burlington, MA
Home NavigationMENU
  • About 
    • Our Story
    • Leadership
    • Financial Associates
    • Support Team
    • Client Advocacy Partners
    • Strategic Partnerships
  • Work With Us 
    • Schedule A Meeting
    • Services
    • How We Can Help
    • Why Work With Us
    • Our Clients
    • Stress Test Your Portfolio With Riskalyze
    • eMoney Program
    • Smart Journey Program
    • Partners Healthcare
    • Beth Israel Deaconess Medical Center
    • Tufts Medical
    • Stress Test Your Portfolio With Riskalyze
  • Resources 
    • Tax Form Guide
    • COVID-19
    • Retirement Articles
    • Estate Articles
    • Investment Articles
    • Insurance Articles
    • Tax Articles
    • Tax Resources
    • Financial Articles
    • Lifestyle Articles
    • Glossary
    • Useful Links
  • Blog
  • 2023 Taxes
  • Contact 
    • Schedule A Meeting
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
Share |
 

Related Content

The Real Cost of a Vacation Home

The Real Cost of a Vacation Home

What if instead of buying that vacation home, you invested the money?

Protecting Your Business from the Loss of a Key Person

Protecting Your Business from the Loss of a Key Person

Business owners may be able to protect themselves from the financial consequences of losing a key employee.

The Business Cycle

The Business Cycle

Understanding the economy's cycles can help put current business conditions in better perspective.

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.

Thomas Sullivan & Matthew Condon are Registered Representatives of and Securities and Investment Advisory services offered through Hornor, Townsend & Kent, Inc., (HTK), Registered Investment Advisor, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637.  Condon Sullivan Wealth Management and Planning and all listed entities are independent of HTK. HTK does not offer tax or legal advice. Always consult a qualified tax advisor regarding your personal tax situation and a qualified legal professional for your personal estate planning situation.

Our representatives are insurance licensed and/or securities registered in the states of: AZ, CA, CO, CT, FL, GA, IL, IA, MA, MD, ME, MI, MN, NC, NH, NM, NV, NY, OH, PA, RI, SC, UT, VA, WI. This is not an offer or solicitation in any state where not properly licensed or registered.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

3154145RB_Sep23

Contact

Condon Sullivan Wealth Management & Planning
Office: 781-552-4900
Fax: 781-272-5453

131 Middlesex Turnpike, 2nd Floor
Burlington, MA 01803

mcondon@condonsullivan.com

Facebook LinkedIn

Quick Links

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