Tips from the Diva - As Seen On TV!

Women and Investing!

Dan was a single guy living at home with his father and working in the family business.
When he found out he was going to inherit a fortune when his sickly father died, he decided he needed to find a wife with whom to share his fortune.

One evening, at an investment meeting, he spotted the most beautiful woman he had ever seen. Her natural beauty took his breath away.

"I may look like just an ordinary guy," he said to her, "...but in just a few years, my father will die and I will inherit $200 million." Impressed, the woman asked for his business card.

Three months later, she became his stepmother.

That's just a little joke but the truth is Women face a very different set of circumstances when it comes to money and making financial decisions. Luckily, ChappelWood Financial Services is in a good position to address the financial needs that are unique to women. Research shows that women go about making decisions in different ways than men and for very good reasons!

Here are some statistics highlighting the unique circumstances of women

95% of women will be their family's primary financial decision maker at some point in their lives. A quarter of them already are.

Aproximately 700,000 women lose their husbands each year. Widows outlive their husbands by an average of 14 years.

59 years old is the median age when a woman is widowed.

70% of women change their financial advisor within a year of their spouses death.

37% of women think they will need to accumulate less than $250,000 for retirement; 30% of men think the same.

$14,000,000,000,000 is the amount of personal wealth assets controlled by women. They are expected to control $22 trillion by 2020.

57% of all Social Security beneficiaries are women.

11% of women age 65 and older are considered "poor" compared to 7% of men the same age.

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The Financial Diva offers a complete media solution for your financial planning needs. As a respected member of the financial community, Victoria Woods has appeared on the Today Show, Fox Business and other major networks as well as numerous other print articles and television shows. Take some time to explore our website and learn more.

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