Fragasso Financial Advisors provides guidance and expertise to women in all stages of their lives. We realize that the various life stages that many women pass through have economic implications, which usually include negative financial repercussions.
Retirement is a challenge for women. They have to surmount many obstacles that many men may never have to face such as4:
- Women are out of the workforce an average of 11.5 years in their lifetime due to child bearing/rearing and taking care of elderly parents.
- Women earn 73 cents to a man's dollar, which could add up to $300,000 lost over a lifetime.
- Women college graduates lag behind their male counterparts in salary by $17,061.
- Women live an average of 7 years longer than men, and thus will need to save more money for retirement.
Women need to recognize how these factors impact their financial security. They also need to prepare for the stages of their lives that they may encounter and the financial repercussions of each stage.
- Single, no children
- Single, with children
- Married, no children
- Married, with children
- Divorced
- Widowed
- Retired
4 Source: www.wiser.heinz.org
For an informational packet or a no-cost, no-obligation consultation, please contact one of our financial advisors at 412-227-3200 or by clicking here.
We make your financial success personal.