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Phone: 720-728-2801 // Fax: 866-522-9588 // Toll-Free: 800-201-4554
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Phone: 720-728-2801 // Fax: 866-522-9588 // Toll-Free: 800-201-4554
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Strategies Designed Specifically for Women Investors

Women and men are the same in many ways – but there are good reasons that a woman might require a different approach to financial planning. We specialize in working with women, and Sacha Millstone is a member of The Raymond James Women's Advisory Council. Numerous studies have laid out the variance between men and women when it comes to their financial life cycles. Taking time out of the workforce for child rearing, the continuing wage gap and longer life expectancy are all factors that impact women's ability to save for retirement – and make it even more critical that women focus clearly on long-term investment goals with their retirement savings. Because women live longer, they must stretch their retirement dollars further than men.

Women need their money to work harder because:

  • According to the U.S. Census Bureau, in 2009, women earned 77 cents for each dollar earned by men, a lifetime loss of up to $300,000.1
  • Women spend an average of 15 years out of the workforce compared to an average of 1.6 years for men.3
  • One year out of the workforce cuts a woman's 15-year total earnings by 32%; three years out, by 56%.3
  • By 2050 there will be 5.7 million women over the age of 90 versus 1.2 million now.7

Women need long-term financial planning because:

  • On average, older women receive less income from Social Security than men. Among people who were 65 and older and who received income from Social Security in 2007, women's payments were 24% lower, on average, than the payments received by men.3
  • The ratio of widows to widowers is four to one. One-third of women who become widowed do so before the age of 65.5
  • A husband's death can mean losing up to 50% of a couple's total Social Security benefit.4 Women who have been married for many years may face special challenges if they are widowed or have a disabled spouse. These women could be shocked by cuts in their husbands' pensions, post-retirement benefits and healthcare coverage.2
  • On average, an American woman can expect to live on her own financially about one-third of her adult life.2
  • Women are becoming more financially successful, but many did not learn about finance and investing in their formative years. Many feel overwhelmed by financial information which they find "complicated, boring, and dry."4 Women find "human contact" the most meaningful and effective source of information.
  • Fortunately, according to a study conducted by the Center for Women's Business Research, high-net-worth women investors are as likely as high-net-worth men to be involved, active and engaged in the investing process and seek similar investment goals. More than half of those surveyed stated that they were the primary decision-makers when it comes to investing.2

The advantage of working with a financial advisor:

    Women who work with financial advisors not only feel like more successful investors, they generally are. An Oppenheimer survey found that 66% of women in high-net-worth households use a financial advisor. A 2005 update of the study found that of the women who use a financial advisor:

  • 73% said they are more knowledgeable about investing as a result.6
  • 75% feel more comfortable with investing.5
  • 66% are more confident about having enough money for the future.6

Teaming up with a financial advisor can give your hard-earned money the edge and help provide a secure financial future.

At The Millstone Evans Group, we form a partnership with you. We will speak plainly and create a personal financial plan that is clear and understandable. Our plans incorporate managing risk while optimizing return on investment. Our goal is to help you establish a secure financial base over the course of your working life and help you plan thoroughly for a successful future – because your future is too important to leave to chance.

1Source: Institute for Women's Policy Research Compilation of Current Population Survey Labor Force Statistics, 2009

2Source: Raymond James brochure for women investors

3Sources: Financial Advisor magazine, August 2008, Government Accountability Office

4Source: Social Security Administration, October 2008

5Sources: Women's Institute for a Secure Retirement, 2006; Social Security Administration, 2006

6Source: Financial Planning Association, Journal of Financial Planning, June 2007, Alicia H. Munnell and Mauricio Soto, "When Should Women Claim Social Security Benefits?"

7Source: Mass Mutual presentation Women's Investment Attitudes and Trends: Taking Charge of Your Financial Future
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4999 Pearl East Circle, Suite 200, Boulder CO 80301 Phone: 720-728-2801 // Fax: 866-522-9588 // Toll-Free: 800-201-4554 | 100 Saint Paul Street, Suite 600, Denver, CO 80206
1717 Pennsylvania Ave NW, Suite 1050, Washington, DC 20006
The Millstone Evans Group of Raymond James

Raymond James financial advisors may only conduct business with residents of the states for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. © Raymond James & Associates, Inc., member New York Stock Exchange / SIPC