1. 2017 WOMEN’S FEST Jocelyn D. Wright, MBA, CFP® Managing Partner
The Ascension Group
(215)

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

3. 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

4. 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.

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

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

7. …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

8. Source: Center for Global Policy Solutions

9. Source: Center for Global Policy Solutions

10. Source: Center for Global Policy Solutions

12. What is your MONEY story?

13. Source: www.gobankingrates.com

14. Building a solid financial future
Strategies for success today and tomorrow

15. Cash Management

16. 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.

17. Savings eReserve
Cash Management

18. Source: Center for Global Policy Solutions

19. 52 WEEK SAVINGS CHALLENGE

20. Debt Management
Savings eReserve
Cash Management

21. Debt Management

22. Risk Management
Debt Management
Savings eReserve
Cash Management

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

24. Source: Center for Global Policy Solutions

25. Source: Center for Global Policy Solutions

26. Wealth Building Homeownership
Risk Management
Debt Management
Savings eReserve
Cash Management

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

28. Source: Center for Global Policy Solutions

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

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

32. Source: Center for Global Policy Solutions

33. Source: Center for Global Policy Solutions

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

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

36. 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

37. Source: Center for Global Policy Solutions

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

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

40. Top 5 High Priority Financial Goals
For Each Generation

41. 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

42. 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

43. 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

45. Q & A

46. THANK YOU!! Jocelyn D. Wright, MBA, CFP® Managing Partner
The Ascension Group
(215)