Paul R. Ried Financial Group, LLC - Bellevue, WA

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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
 

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For over 35 years, we have helped pre-retirees answer their top pre-retirement questions like these during our Client Planning Process. Sign up for our email list below for more resources!

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Latest Blog Post

Social Security and the Retirement You Envision

May 30, 2023

Recorded on May 18, 2023 as part of our Client Education Series: Who should watch the recording? If you are currently drawing Social Security, or are planning to start drawing soon. Or, perhaps you are interested in how...

Locally Owned, Nationally Ranked for 2023

April 10, 2023

We are excited to announce Paul's rankings in Barron's and Forbes this year! He maintained his #11 spot in Washington State in Barron's Top 1200 Financial Advisors across America, ranked as #173 of America's Top...

Your Financial Security is Our Top Priority

March 15, 2023

With the recent headlines about Silicon Valley bank and others, we wanted to address any questions you may have about your accounts with us which are custodied at Pershing, LLC.In this environment, we are reassured that your accounts...

 

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Contact

Office: (425) 646-6777
Fax:(425) 451-2453

info@paulried.com

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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.

Copyright 2023 FMG Suite.

Investment advisory services offered through Paul R. Ried Financial Group, LLC, a registered investment advisor (view ADV Part 2A Firm Brochure here and view Form CRS - Client Relationship Summary here). Securities and additional investment advisory services offered through Cetera Advisor Networks LLC, member FINRA, SIPC, a Broker/Dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity.

We are licensed to sell Insurance Products in WA.

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Important Disclosures | Business Continuity

Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

Contact

Paul R. Ried Financial Group, LLC
Office: (425) 646-6777
Fax: (425) 451-2453

10801 Main Street
Suite 201
Bellevue, WA 98004

info@paulried.com

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