Women & Finances - North Light Financial Services

Is Women’s Wealth Growing Faster Than Men’s Wealth?

Is Women’s Wealth Growing Faster Than Men’s Wealth? One study says yes. Two major factors may be influencing the trend. Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading business strategy advisor, says that as the world grew 5.2% wealthier between 2015 and 2016, women’s wealth grew 6.6%. In total, women own about $39.6 trillion in assets worldwide, and possess a 5% greater share of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 2nd, 2017|Personal Finance, Savings and Investing, Women & Finances|Comments Off

Do Women Face Greater Retirement Challenges Than Men?

Do Women Face Greater Retirement Challenges Than Men? If so, how can they plan to meet those challenges? A new study has raised eyebrows about the retirement prospects of women. It comes from the National Institute on Retirement Security, a non-profit, non-partisan research organization based in Washington, D.C. Studying 2012 U.S. Census data, NRIS found that women aged 65 and older had 26% less income than their male peers. Looking at Vanguard’s 2014 fact set on its retirement plans, NRIS [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:14-04:00August 24th, 2016|Retirement, Savings and Investing, Women & Finances|Comments Off

Women, Longevity Risk & Retirement Saving

Women, Longevity Risk & Retirement Saving Statistics point out the need to save early, save consistently & stay invested. Will you live to be 100? If you’re a woman, your odds of becoming a centenarian are seemingly better than those of men. In the 2010 U.S. Census, over 80% of Americans aged 100 or older were women.1 Will you eventually live alone? According to the Administration on Aging (a division of the federal government’s Department of Health & Human Services), [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:25-04:00May 15th, 2014|Investing, Personal Finance, Women & Finances|Comments Off

Women, Money and the Long-Term

Women, Money and the Long-Term Are you too focused on the short-term? How many short-term financial decisions do you make each week? You probably make more than a few, and they may feel routine. Yet in managing these day-to-day issues, you may be drawn away from making the long-term money decisions that could prove vital to your financial well-being. How many long-term financial decisions have you made for yourself? How steadily have you saved and planned for retirement? Have you [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:29-04:00June 14th, 2013|Personal Finance, Women & Finances|Comments Off