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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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Office: (914) 767-0974
Mobile: 914-903-1907
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August 03, 2021

SETTANNI FINANCIAL Q2 MARKET UPDATE We have been receiving a higher number of questions recently regarding the markets. The most common question we hear is, "What is your stock market prediction?" Although we cannot predict the future,...

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Now and again, the price action on Wall Street can surprise even the most seasoned investors. President Biden has proposed an increase in the tax on capital gains to 43.4% from 23.8% for those Americans who earn more than $1 million.1...

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How much are you withholding per paycheck?Is the amount too little? (Or too much?) Find out the answer before the year ends. You may not want to discover next year that your withholding amount for this year was too small. The I.R.S....

 

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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Sutton Place Investors LLC DBA Settanni Financial is a registered investment advisor. Home office at 6 Sutton Place, Katonah, NY 10536; phone 914-767-0974.  Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/ SIPC. Headquartered at 80 State Street, Albany, New York, 12207. Investment Advisory Services are offered through Sutton Place Investors LLC dba Settanni Financial (“Settanni Financial”), an SEC Registered Investment Advisor. Registration does not imply any level of skill or training. Purshe Kaplan Sterling Investments and Settanni Financial are not affiliated companies.

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Settanni Financial
Office: (914) 767-0974
Mobile: 914-903-1907
Fax: 1 (914) 617-1517

67 Holly Hill Lane
Suite 202DS
Greenwich, CT 06830

Series 7, Series 66

dave@settannifinancial.com

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