Download - Women & Their Wealth Presentation
What You Need to Know
Presented by: Shawn Rutledge
Investment Advisor
416.867.3550 .srutledge@byronsecurities com
Businesses led by more than 700,000 women create jobs for some 1.7 million Canadians, this is FOUR times the rate of the average firm
Women, leading nearly 1/3 of all firms in Canada, lead some 46% of new small businesses
Source: "Investing in Women's Worth"; http://www.ncf.ca/iiww/facts.html
Women live longer than men (an average of 7 years) so they need 20% more for retirement
On average, women earn 25% less
Women take off approx. 11 years more from work than men
Source: Statistics Canada: “Women in Canada: Work Chapter Updates” published in August 2001 by the Target Groups Project of Stats Can
Almost 1 in 4 women are financially strapped within two months of a husband passing away
Over 75% of all women are eventually widowed at an average age of 56
53% of women are not covered by a pension vs. only 22% of men
A staggering 87% of the poverty stricken elderly are women
Source: Statistics Canada: “Women in Canada: Work Chapter Updates” published in August 2001 by the Target Groups Project of Stats Can
:Women between the ages of 18-29 30-44 45-54 55-65 66 & over
Forming good financial habits. Starting an investment savings plan. Opening an RRSP.
Greater earnings and greater expenses. Reducing taxes using RRSP’s. Diversifying your portfolio beyond mutual funds. Saving for your child’s education. Wills, Powers of Attorney and other safeguards.
Early Retirement. Paying for your children’s post-secondary
education. Care of aging parents.
Sources of retirement income. How much is enough to retire comfortably? Diversifying your portfolio beyond mutual funds.
Options for your maturing RRSP. Wealth management in retirement. Estate planning.
Don’t leave any information out
Don’t rush my clients to make decisions
Get to know my client’s as “Whole People” – not just their financial situation
Provide a road map to take you from where you are today to where you want to go
Make sure your investment plan is up to date
Ensure you have appropriate risk management
Hire the world’s best professionals to help you