Kristine Voorhees, CMFC®, Financial Advisor with Waddell & Reed
Women have become a powerful presence in today’s society. As a demographic group, women have a significant impact economically, academically, professionally, and personally. Consequently, there has never been a better time for women to take control of their financial futures.
Women also face unique circumstances that require special investing considerations, as evidenced by the following:
According to a July 2008 study by Hewitt Associates, women generally need more money for retirement, in part because they live three years longer, on average. Yet most women have done less to prepare for their financial security.