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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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Upcoming Events

Sylvania Firefighters Pancake Breakfast

Community event, pancake breakfast for charity.
June 21, 2023
6:00a - 11:00a

Inaugural Sylvania Plein Air Festival 2023

The festival kicks off on Tuesday, August 1st, and comes to a close on Saturday, August 5th. Please note, some times and locations may change as we get closer to the event. During the festival meet and mingle with the Plein Air artists painting our picturesque city from August 1st through the 3rd. Participate in public workshops August 2nd-5th. And finally, be sure to experience the full magic of the Sylvania Plein Air Festival by attending the opening exhibition of Plein Air paintings at Hudson Gallery, Fuller Art House, and The Art Supply Depo on Friday and Saturday August 4th and 5th. Artists works will remain up through August 16th.
August 1 - August 5, 2023
8:00a - 5:00p

USA Patriots Amputee Softball Team

August 25 -27, 2023 the USA Patriots Amputee Softball Team will be in Toledo, Ohio! Look for event details as the become available!
August 25 - August 27, 2023
5:00p - 12:00p

 

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4930 North Holland-Sylvania Road
Suite C
Sylvania, OH 43560

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