Professional Women

We often hear the same concerns echoed amongst women, which include;

"Am I putting away enough to create a secure future?"
"What will my golden retirement years really look like?"
"Do I feel confident in my level of knowledge regarding our finances?"
"Is it possible to fund my child's education and my retirement at the same time?"
"I am suddenly single and don't know what to do regarding my finances!"

Many women grow up without financial training; formal or informal, and lack confidence to manage their investments. Studies and/or Surveys conducted by Wells Fargo Affluent Women Retirement Survey, Caring.com, Prudential, The Federal Reserve, COUNTRY Financial Security Index Survey, Fidelity Investments, and the MIT AgeLab (among other numerous reports) have confirmed the majority of concerns women face fall within one or more of the following categories:

• Security and confidence in knowing they will have enough to provide for them during the golden years. Women tend to outlive their partners by a minimum of 6 years.
  
• Generational Obligation: Starting their own families later in life, they are finding themselves caring for elderly parents and younger children at the same time. (30% of adult children spend more than $10k a year for elder care as stated by the research conducted by Caring.com.)
  
• Financial Knowledge. The Prudential study stated only 10% of female breadwinners felt very knowledgeable about financial products and services. Many women grew up without any financial training, formal or informal, and lag behind men in their confidence to manage their investments. Further in the 2013 Wells Fargo Affluent Women Retirement Survey, 41% said they were not at all confident in their investing ability.
  
• Suddenly Single: The many challenges of suddenly finding themselves single due to death or divorce and not sure where to start to pick up the pieces.
  
• Retirement Deficit: The 2013 Wells Fargo Affluent Women Retirement Survey stated: 45% of affluent working women say the prospect of living in retirement without a paycheck is a problem they will attempt to solve by working longer.
  
• College Costs: The dilemma of saving for children’s college fund vs saving for her own retirement. (Americans age 50 and older make up one of the fastest-growing segments of the student debt market.)
  

At BEARTAS, we believe in educating and coaching our clients in a mutually professional and friendly partnership as we identify and establish their individual retirement roadmap and answer these questions and more.