investing your instincts rewarded · development, health and human services, and arts and culture....
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Investing | Your instincts rewarded
Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value
OF THE WORLD’S WEALTH ($39.6 TRILLION) IS GENERATED BY WOMEN “Global Wealth 2016: Navigating the New Client Landscape,” Boston Consulting Group
30%
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Intuition. Patience. Discipline. A desire to learn.These are traits that many women naturally possess, and that can lead to confident decision making and courageous accomplishments.
They’re also the foundation that can help build a sound investing strategy.
Perhaps you bootstrapped your own business, broke through the glass ceiling, managed the home front, or benefited from an inheritance. However you got to this point, your collective experience provides the wisdom to boldly move forward. But that doesn’t mean doing it alone.
Working with a financial advisor who complements your investing style and listens more than talks, can help you continue making those confident decisions and keep your wealth plan on track.
Hitting stridesBuilding wealth, and staying balanced, during peak earning years
From starting out, to taking the lead, to passing it on, the career path is paved with opportunities. As you reach your full potential in the workplace, it’s also a chance to maximize the potential of your retirement savings.
Priorities can shift over time, so even if you have a retirement strategy in place, a periodic review can highlight where adjustments may be needed.
If you own a business, you have your team to consider as well as yourself. Carve out time on a regular basis to review your employee benefits, retirement savings plans, and insurance policies to help ensure they meet your current needs.
Looking to grow your business? Lining up access to capital makes it easier to put your plans in motion.
You may also want to put your exit strategy in place if you haven’t already, to make for a smoother transition should you decide to sell or transfer your business down the road.
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MORE THAN
. MILLION COMPANIES ARE OWNED BY WOMEN, GENERATING $1.7 TRILLION IN SALESAS OF . Source: NAWBO (National Association of Women Business Owners), 2017
Taking leapsRetirement, second chapters, and mapping out what comes next
Your vision of retirement likely doesn’t include a lot of time sitting still. Even if you plan to stop working full-time, you may never stop exploring all the world has to offer. To help ensure you have a retirement income that supports your lifestyle, think about what your spending may look like. Then, review your portfolio regularly with your financial advisor — and rebalance when necessary — to help ensure your vision becomes reality.
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Know your numbersMonthly income sources
Employment (part-time or consulting)__________________________________
Social Security _____________________
Pension/annuities __________________
Health savings account ______________
401(k), 403(b), IRA, Roth IRA _________
Property income ____________________
Investment income _________________
Other ____________________________
Monthly expenses
Housing/rent __________________________
Utilities _______________________________
Groceries/restaurants __________________
Medical/health care ____________________
Transportation _____________________
Clothing _______________________________
Travel _________________________________
Home renovation ___________________
Other _________________________________
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OF U.S. INVESTORS HAVE A WRITTEN FINANCIAL PLAN TO HELP THEM ACHIEVE THEIR GOALS Wells Fargo/Gallup Investor Optimism and Retirement Index survey, May 2015
38%
OF WOMEN WILL EVENTUALLY TAKE CHARGE OF THEIR FAMILY’S WEALTH”Women’s Quick Facts: Compelling Data on Why Women Matter,” 2016, STEMconnector
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90%
Bouncing backHolistic wealth planning that helps prepare you for the unexpected
When highly emotional life events happen, like divorce, death of a spouse, or even an inheritance, it can be challenging to factor in the financial implications.
If one (or more) of these scenarios becomes your reality, it will be a huge relief to have your team already in place. An experienced financial advisor can help you navigate difficult decisions that could have an impact on you and your family for years to come.
Just in case, it’s best to be prepared and proactive:
Be aware of your family’s assets, debts, retirement accounts, insurance policies, and other financial information.
Gather important financial documents and safety deposit box keys and keep them accessible.
Make sure you and your spouse have up-to-date wills and trusts, and that you discuss potential tax implications with your CPA and financial team.
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THE AVERAGE LIFE EXPECTANCY FOR WOMEN IN THE U.S. IS
Source: National Center for Health Statistics, December 2017
81
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Covering basesA safety net for rising health care costs
The income you have grand plans for in retirement may be jeopardized if health care costs catch you by surprise. However, investing to cover all health care expenses may be either too risky to be practical, or too conservative to keep up with rising costs.
A financial advisor can help you evaluate your options and determine if long-term care insurance makes sense for your overall financial plan.
Consider some of the advantages of a long-term care insurance policy:
Help cover or offset long-term care costs not covered by regular health insurance, Medicare, or Medicaid and avoid depleting your retirement savings.
Have more options in how and where you receive long-term care including staying in your own home.
Feel more secure knowing that tax-qualified long-term care insurance plans cannot be canceled as long as you pay your premiums.
Receive income-tax-free benefits from qualified long-term care insurance policies.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
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Looking aheadLeaving your mark now, and beyond your lifetime
Your generosity can have a lasting impact on the people you love and the causes you care about, such as the environment, education, community development, health and human services, and arts and culture.
To help ensure your intentions are carried out, you’ll want to update your estate planning and beneficiaries. You may also want to review your charitable giving and philanthropy goals and set up trusts to align with your core values.
These five estate-planning documents are often essential:
A will provides instructions for distributing your assets to your beneficiaries when you die.
A durable power of attorney lets you give a trusted individual management power over your assets if you can’t manage them yourself and is only effective while you’re alive.
A health care power of attorney lets you choose someone to make medical decisions for you if you can’t make them yourself.
A living will expresses your intentions regarding the use of life-sustaining measures if you are terminally ill, yet doesn’t give anyone the authority to speak for you.
By transferring assets to a revocable living trust, you can provide for continued management of your financial affairs during your lifetime, after your death, and even for generations to come.
Trust services available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors. Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
Choosing mindfullyAligning investing with your values
Interest in environmental, social, and governance (ESG) investing is on the rise, and it can be satisfying to understand the impact it can have on the causes you care about.
For example, with the level of transparency available today, investors can get access to information such as a company’s total carbon footprint or their gender-lens perspective — strategies that positively impact women and girls.
If socially responsible, impact, or ESG investing is important to you, it’s good to know that you don’t have to sacrifice performance to invest with purpose. In fact, the key drivers of investment performance — diversification and risk management — may be enhanced within an ESG framework.
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Biodiversity & land usage
Climate change
Green building
Renewable energy
Water stress/pollution
OF SURVEYED INVESTORS UNDERSTAND THAT ESG INVESTMENTS PERFORM THE SAME OR BETTER THAN TRADITIONAL INVESTMENTS
Source: Wells Fargo/Gallup Investor and Retirement Optimism Index survey, Nov. 2017
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Environmental Social Governance
Consumer protection
Diversity & inclusion
Human capital
Labor standards
Privacy & data security
Accounting
Board structure
Business ethics & fraud
Corruption
Executive compensation
39%
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Working togetherThe right fit can make all the difference
What are your needs? Life hums along and then…something changes. Perhaps you initiated the change or maybe you had to react to it. Either way, having resources to help you navigate decision-making can mean smoother sailing.
Considering all the aspects of life that have a financial implication is like a wave that keeps expanding.
From investing for a home, college costs, or retirement, to exploring lending and insurance options, Wells Fargo Advisors and our affiliates have the expertise and dedication to support you as your needs evolve. They’ll work with you to put together an appropriately allocated and diversified investment strategy that can help you manage risk while keeping you on track to meet your investment goals.
What are your investing and communication preferences? Do you want access to a financial advisor, a self-directed account, or a variety of options? Prefer working with a financial advisor in person, over the phone, by email, or a combination?
Wells Fargo Advisors’ client-centered approach offers flexible account options and follows your lead to develop a communication cadence that feels right to you. Your financial advisor will be responsive and provide the resources, expertise, and investment selection of one of the nation’s most recognized financial services companies.
Take a step toward a powerful partnershipThank you for your interest in Wells Fargo Advisors. We are dedicated to fully understanding what you’re investing for, leveraging our expertise and resources to help make it happen, and doing what’s right for you every step of the way.
Our commitment to you:
An investment strategy aligned with your goals
Straightforward and relevant financial advice
Responsive service with every interaction
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Where are you and your instincts headed next?
Let’s create a wealth plan to help you get there.
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