six things women need to know about money 513-481-8555

Six Things Women Need to Know about Money

www.kehoe-financial.com 513-481-8555

Women Have Come a Long Way

Women Account for 64% of the $20 Trillion Spent

Annually on Consumer Goods Worldwide1

Women Control 51.3% of the Nation’s Private Wealth2

Women Will Be Responsible for Roughly $5 Trillion

of Additional Earned Income Globally over the

Next Five Years3

1 CNNMoney.com: “The Female Economy: What Women Want.” August 20, 2009

2 CNNMoney.com: “The Female Economy: What Women Want.” August 20, 20093 “Woman Power: The Rise of the Sheconomy.” Time. November 22, 2010

Facts About Women & Money The average age a woman becomes a

widow is 56.4

Nine of ten women will eventually become solely responsible for their financial affairs.5

Women tend to live longer, earn less, and save less for retirement.6

4 CBSnews.com; Financial Tips for Widows. 20035 Women’s Institute for a Secure Retirement, National Center for Women’s Retirement Research6Plamer, Kimberly, “Why Women Should Manage Their Own Money”. October 18, 2011 http://www.money.usnews/com/personal-financie/articles/2011/10/18/why-women-should-manage -their-own-money

What it Takes to Save Money:

Good

Records

Frugality

Discipline

1. Save and Reduce Debt

How to Deal with …

Wants

Cell Phone

Netflix

Hotels

Restaurants

Car

Needs

Landline

Cable TV

Camping

Cooking at Home

Bike

1.Long-Term Health Care

Women represent 87% of the recipients of long-term care7

2. Living Alone

88% of women age 75 or older are living alone8

3. Financial Security

45% of older women living alone are living in or near poverty9

2. Create a Financial Plan that Addresses Women’s Financial Concerns

7 COWL.com

8 Seniors-site.com: Women going it alone; AARP Public Policy Institute

9 Seniors-site.com: Women going it alone; AARP Public Policy Institute

Three Important Steps to Take Control of Your Financial

Future1. Develop a Financial Plan

2. Grow Knowledge of Investing Fundamentals

3. Talk to your Financial Advisor

Five Attributes of a Good Financial Advisor Credentials

Referrals

Personal

Interview

Disclosure

Due Diligence

Identify Your Financial Goals

1.Children or

Grandchildren’s

Education

2.Financial Security –

Now and in Retirement

3.Lifestyle

Review Your Current Financial Situation

Income and Expenses

Net Worth

Retirement Programs – Employer and Personal

Insurance

Beneficiary Designations

Ingredients of a Good

Financial Plan Set financial goals—

For purchases such as cars, retirement planning, insurance

    Discipline— Stay the course

    Outsource— Build relationships with people who can help you

Benefits of a Good Financial Plan1.Increased

intimacy with your life partner

2.Learn along with your spouse or mate

3.Build a solid financial future

Types of Investments:

Home, Real Estate

Art, Collectibles

Stocks and Bonds

Insurance Policies

3. Investing

Will or Trust, Executor

Custodial Plan for

Children

Investment Statements

Employee Benefits

Insurance Policies

4. Create Personal Documents

4 Kinds of People In the World

1. Those that have been caregivers.

2. Those that currently are caregivers.

3. Those that will be caregivers.

4. Those that will need caregivers.

Rosalynn Carter, 1997

5. Build a Long-Term Health Care Plan

Senior Care in the ‘70s

Senior Care-Giving Now

Changing Realities

THEN NOW

Pension

Hardening of the

Arteries

Senility

Live with Family

Rest Home

401(k) IRA

Dementia

Alzheimer's

Home Health Care

Nursing Home

6. Plan for Retirement

LIVING LIFESTYLE LEGACY

Rent/Mortgage Family Utilities Vacations Gas/Car Dining Out

Charity Clothing Entertainment

Healthcare Second Home Government Food

Gifts

Remember: Women Influence Today’s Economy,

Businesses and Workplace

Women Earn Less, Save Less, Live Longer

Women Should Develop a Financial Plan with a Financial Professional

Women Should Grow Their Knowledge of Investing Fundamentals

Summary: Six Things Women Need to Know About Money

1. Save and Reduce Debt

2. Create a Financial Plan

3. Invest for Your Future

4. Generate Personal Documents

5. Build a Long-Term Health Care Plan

6. Envision Retirement

Questions?

www.kehoe-financial.com 513-481-8555

The information presented is not intended to constitute tax or legal advice. Please consult with your attorney or accountant for advice specific to your situation.

Securities and Investment Advisory Services offered through NFP Securities, Inc., member FINRA/SIPC , Kehoe Financial Advisors, LLC is not affiliated with NFP Securities, Inc.