2017 WOMEN’S FEST Jocelyn D. Wright, MBA, CFP® Managing Partner The Ascension Group jocelyn@ascensionwealth.com (215) 543-7954  

Outline Facts and Figures Financial Personalities Building a Solid Financial Future Top 5 High Priority Financial Goals Q&A Closing

We’ve Come a Long Way… Blacks represent 13.3% of the U.S. population Blacks account for 6.3% of small businesses owned in the U.S. Black households earning $75,000 or more per year are growing faster than whites in all income groups above $60,000 Blacks have an estimated buying power of over $1.1 trillion per year

We’ve Come a Long Way… Women are more than 50% of the population Women account for more than 55% of students enrolled in undergraduate and graduate programs Women represent over 40% of sole or primary breadwinners Women control two-thirds of household spending and 70% of intergenerational wealth transfer over the next 40 years Women own 31% of all privately owned businesses in the U.S.

…And We Still Have A Way To Go. Women earn only $0.80 for every dollar earned by men

Gender Pay Gap: Ratio of full-time women’s earnings to men’s Source: U.S. Census Bureau

…And We Still Have A Way To Go. Women earn only $0.80 for every dollar earned by men Women work between six to nine fewer years than men Women outlive men by three to five years 72% of women aged 80 and over rely on social security for the majority of their income Women represent more than 70% of nursing home residents

Source: Center for Global Policy Solutions

Source: Center for Global Policy Solutions

Source: Center for Global Policy Solutions

What is your MONEY story?

Source: www.gobankingrates.com

Building a solid financial future Strategies for success today and tomorrow

Cash Management

Cash Management Establish a budget Determine fixed and variable expenses Reduce expenses and put savings to work It’s not what you make, it’s what you keep.

Savings eReserve Cash Management

Source: Center for Global Policy Solutions

52 WEEK SAVINGS CHALLENGE

Debt Management Savings eReserve Cash Management

Debt Management

Risk Management Debt Management Savings eReserve Cash Management

Risk Management Auto insurance Homeowners insurance Liability insurance Health insurance Supplemental insurance Disability insurance Long-term care insurance Life insurance

Source: Center for Global Policy Solutions

Source: Center for Global Policy Solutions

Wealth Building Homeownership Risk Management Debt Management Savings eReserve Cash Management

Median Net Worth by Race/Ethnicity Source: Center for Global Policy Solutions

Source: Center for Global Policy Solutions

Wealth Building Homeownership Retirement Planning Wealth Building Homeownership Risk Management Debt Management Savings eReserve Cash Management

Retirement Planning Personal Savings Vehicles: 401(k) 403(b) 457 Traditional IRA Roth IRA Stocks, Bonds, Mutual Funds Etc.

Source: Center for Global Policy Solutions

Source: Center for Global Policy Solutions

Wealth Building Homeownership Tax Planning Retirement Planning Wealth Building Homeownership Risk Management Debt Management Savings eReserve Cash Management

Wealth Building Homeownership Legacy Planning Tax Planning Retirement Planning Wealth Building Homeownership Risk Management Debt Management Savings eReserve Cash Management

Estate/Legacy Planning Will Living Will & Medical Directives Power of Attorney HIPAA Disclosure Guardianship Personal Property Memorandum Ethical Will/Legacy Documents Online Accounts & Social Media

Source: Center for Global Policy Solutions

for his children’s children. A good man leaves an inheritance for his children’s children. ~Proverbs 13:22

Wealth Building Homeownership Regular Review Legacy Planning Tax Planning Retirement Planning Wealth Building Homeownership Risk Management Debt Management Savings eReserve Cash Management

Top 5 High Priority Financial Goals For Each Generation

Millennials (born 1981 to 1999) j General savings k Reducing debt l Saving for retirement m Having enough insurance n Buying a home Source: The Financial Needs of Gen Y, Gen X and Boomer Women, The American College State Farm Center for Women and Financial Services

Generation X (born 1965 to 1980) j Reducing Debt k Saving for retirement l General savings m Paying for child’s education n Having enough insurance Source: The Financial Needs of Gen Y, Gen X and Boomer Women, The American College State Farm Center for Women and Financial Services

Baby Boomers (born 1946 to 1964) j Saving for retirement k Reducing debt l General savings m Having enough insurance n Paying for (grand)child’s education Source: The Financial Needs of Gen Y, Gen X and Boomer Women, The American College State Farm Center for Women and Financial Services

Q & A

THANK YOU!! Jocelyn D. Wright, MBA, CFP® Managing Partner The Ascension Group jocelyn@ascensionwealth.com (215) 543-7954