As financial planners our goal is to guide individuals and families through each transition step of life. The basic concept is to build goals, save and think long-term. However each individual has a different path and different obstacles to face. When it pertains to women I see many challenges which make their financial plan unique.

CHALLENGES WOMEN FACE

The number one difference I think of is life expectancy. Currently in the US, the average female lives 5 years longer than a male. This contributes to women having a greater chance of needing nursing home care or additional life expenses. Furthermore the average pension or social security of a woman is less than a male. This could be because of the type of job positions women have or the need to stay at home for children.

HOW TO OVERCOME CHALLENGES

With these challenges it’s important for women to take the time to educate themselves and be willing to take charge of their own financial plan. But I understand that we often take on the role as care-giver; always putting others needs first. How many times have you told yourself “I’ll worry about that once the kids are out of the house” or “there are too many other things on my to-do list to think about myself?” If you find yourself saying this then it is time to seek assistance.

Financial planners are here to take that one item off your plate. Let us work with you to form a plan and keep you on track while you continue to manage everything else in life. It’s a team effort to making sure your financial future is in good hands. So next time you hear yourself say I’m too busy for myself, give us a call and set up an appointment.

Also you can listen to my interview on 106.5FM WYRK where I discuss this topic with Clay Moden. And watch our commercial on Women Investing:

WEEKLY SEGMENT ON WYRK

You can catch our weekly Plan.Protect.Invest. segment live on WYRK 106.5FM at 7:20am every Wednesday. Each week we will have a Sgroi Financial planner on with Clay Moden and the WYRK morning show to discuss financial topics to educate and help their listeners. Since 1971, Sgroi Financial has proudly served Buffalo, NY and the Western New York community from our West Seneca location.