Presentation about women\'s unique financial issues

1. A MAN
IS
NOT
A
FINANCIAL
PLAN

3. A staggering 87% of the
poverty
stricken are elderly
women and 80%
of them were not poor
before their
husbands died.1

4. The median income for
women
over 65 was $1006 per
month in 2004;
2
for men over 65 - $1,766.
2 Administration on Aging, A profile of Older Americans,
2005

5. Two-thirds of all women over age 65
have no pension other than
Social Security.3
3 www.wife.org/facts.htm; Supplement

6. A woman born during the baby
boom will likely be widowed by age
67 and remain a widow for 15
years or longer.4
4 quot;When Baby Boom Women Retirequot; by Nancy Dailey

7. Women tend to outlive their
husbands…
only 44.3% of women over 65 are
married!5
5 quot;Your Next Fifty Yearsquot; by Ginita Wall and Victoria F. Collins

8. Due to death or divorce, 90% of all
women will be solely responsible
for making financial decisions for
themselves and their families.6
6 National Center for Women and Retirement Research;

9. Even rich guys…..

10. LITIGATION

11. More court battles

12. Powers of Attorney
 Two
types
Health Care Power of Attorney
LIVING WILL
General Power of Attorney

13. WILL
Need to avoid intestacy

Where does your money go when you die?

What is in your significant other’s will?

Who knows that?

 Do you know?
 Is he competent

14. Joint Accounts
Taxes
designations
Beneficiary
Are they right?

15. Children
Guardian

Conservator


16. Step Children
Rights in your spouses estate?

Do they understand?


17. Trusts
Special needs

Charitable


18. You Don’t have to agree.
 Isyour spouse doing what you
want?
 Demand a separate meeting with
your attorney.

19. Six Steps to Success
Step 1:
Know what you have, where it is & what it is!
Hint: Make a binder of important papers.

20. Items to include:
- birth and marriage certificates
- property deeds, vehicle title
- tax records
- medical records
- bank and credit card account
information
- college transcripts and diplomas
- wills, trust, and other legal papers

21. Step 2:
Create a Support Network
Attorney
-
CPA, tax professional
-
Financial Advisor
-
Citigroup Inc. and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax
matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed
by law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

22. Step 3:
Set Your Goals
- Be Realistic
quot;Bucketizequot;
-
Put pen to paper
-
Review progress annually
-

23. Step 4:
Invest Wisely
- Go to Your Max - max out 401k's & IRA's
- Know Your Number!
Asset Allocation Plan*
-
Be a long-term investor
-
*Asset allocation does not ensure against loss

24. Step 5:
Expect the Unexpected
- Know your monthly expenses and create ICE
fund (in case of emergency) of 3 to 6 months
income
- Update or create your will, estate plan, and trusts
- Have an insurance update including life,
property, auto, medical, disability and long-term
care*
*A policy change may incur fees and costs and may also require a medical exam.

25. Step 6:
Be Proactive
- Communicate with your partner
Use a Financial Advisor
-
Use an Attorney
-
- Stay educated and informed
- Continue to update and assess goals
- Don't panic

26. Q&A

27. Thanks
Jody M. Hunke Jeanelle Lust
Financial Advisor Attorney
Financial Planning Associate 3800 VerMaas, Suite 200
1248 O Street, Suite 1100 Lincoln, NE 68502
Lincoln, NE 68508 402-475-7011
402-479-1222