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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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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.

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Copyright 2023 FMG Suite.

Compass Investment Advisors, LLC (“RIA”) is a registered investment adviser located in Summerville, SC. The RIA may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. The RIA’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment related information, publications, and links. Accordingly, the publication of the RIA’s website on the Internet should not be construed by any consumer and/or prospective client as the RIA’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  Any subsequent, direct communication by the RIA with a prospective client shall be conducted by a representation that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of the firm’s current written disclosure statement discussing RIA’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from the RIA upon written request. The RIA does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to RIA’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely educational and informational purposes only. 

Investments involve risk and unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and or a tax professional before implementing any investment strategy.  This website and information therein is not intended to provide investment, tax or legal advice. 

Securities offered through LPL Financial, Member FINRA / SIPC. Investment Advice offered through Compass Investment Advisors, LLC, a Registered Investment Advisor and separate entity from LPL Financial. 

*Bryan Mise, CRPC®, CKA® does not have a Broker/Dealer relationship with LPL Financial and only acts as Investment Adviser Representative of the RIA.* 

The LPL Financial representatives associated with this site may discuss and/or transact securities business only with residents of the following states; AL, CA, FL, GA, MS, NC, NJ, NY, RI, SC, TX.

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Compass Investment Advisors, LLC

105 S Cedar Street
Suite D
Summerville, SC 29483

Info@MyInvestingAdvisor.com

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