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Women balance far more than just work & family

WOMEN's FINANCIAL JOURNEY
Women face a unique set of financial hurdles, often earning less than their male counterparts and taking more time away from work to become family caregivers. Learn more below about the financial strategies that can help women protect themselves and their families.

Caring for your family doesn't have to mean sacrificing your financial security.

Financial hurdles most women face...

  • GENDER PAY GAP
    Lower Lifetime Earnings
    Women, on average, earn less than men over their lifetimes, which can lead to smaller contributions to retirement accounts resulting in less compound growth over time.
  • CAREER INTERRUPTIONS
    Time Out of Workforce
    Women are more likely to take breaks from their careers for caregiving responsibilities, which can result in lost wages, slower career progression and reduced retirement benefits.
  • LONGEVITY
    Longer Lifespan & Higher Costs
    Women tend to live longer than men. Longer lifespans also mean higher healthcare and long-term care costs, which need to be factored into retirement planning.
  • INVESTMENT CONFIDENCE
    Risk Aversion
    Women often exhibit more risk-averse investment behaviors, potentially leading to more conservative portfolios that often times grow slower than those of their male counterparts.
  • SOCIAL SECURITY
    Lower Benefits
    Due to lower lifetime earnings and career interruptions, women often receive lower Social Security benefits.

Reap the financial rewards you deserve from your hard work and commitment.

Strategies to Protect Women's Financial Futures...

MAXIMIZE EARNINGS
Negotiate Salaries & Upgrade Skills
Proactively negotiating salaries and seeking pay raises along with continuously enhancing your abilities can lead to better career prospects and higher earnings.
CAREER BREAK PLAN
Savings Buffer & Maintaining Skills
Establish an emergency fund to cover expenses during career breaks and stay connected with your professional networks to keep your skills updated.
INVEST WISELY
Start Early, Diversify & Seek Professional Advice
Save and invest as early as possible with a diversified investment portfolio to balance risk and reward. Consult with a financial advisor to stay on track.
BOO$T RETIREMENT
Maximize Contributions & Utilize Employer Matching
Contribute the maximum amount to retirement accounts such as 401(k)s and take full advantage of employer matching contributions to your plan.
PLAN FOR LONGEVITY
Save More & Consider Long-Term Care
Women tend to live longer than men. Save more to cover the additional years of retirement and consider a long-term care policy to cover future healthcare costs.
FINANCIAL LITERACY
Educate Yourself & Collaborate with a Financial Advisor
Take advantage of educational resources to improve your financial knowledge and engage with an advisor who understands women's finances.
DEBT MANAGEMENT
Student Loan & Credit Card Paydown Plans
Women often carry more student loan and credit card debt than men. Implementing a repayment plan now can lead to increases in future savings and investments.
FINANCIAL SECURITY
Estate Planning & Insurance Policies
Wills and other estate planning documents along with adequate life, disability and long-term care insurance coverage protects and provides for your dependents.
BUDGETING
Informed Spending & Enhanced Savings
Budgeting promotes mindful spending, helping women prioritize their finances and avoid unnecessary purchases that can derail their savings plan.

thrivealike Solutions for Women's Financial Journey

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Women have special concerns about financial security that need to be addressed early. Kickstart your journey to financial empowerment by crafting a precise, all-in-one snapshot of your existing financial situation. On us!
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401(k) Management with a CFS®
We know the most common mistakes 401(k) investors make when choosing their own funds. Learn how a Certified Fund Specialist® can help you avoid them.
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Financial Planning Bundles
Building a plan for now and the future is essential. Our Financial Planning process will help identify the strategies and investment vehicles that best address the financial hurdles that most women face.
Learn More: Plans
Fund & Investment Management with a CFS®
Get the most out of your plan with a Certified Fund Specialist®, who will unlock the potential expenses, fees, risks, complexities and taxes that your funds and investments will face over time.

10 Strategies That Balance Family & Financial Security

Finding the balance between family and work will mean different things to different people. But what’s important is that your work-life balance works for you and your family.
  • Learn where you’re using and losing time: Log everything you do for one week, including work-related and personal activities, and record the amount of time that each takes.
  • Establish your priorities: Create a list of your personal and professional priorities. Compare your list with your time audit to understand if you spend enough time on the things that are important to you.
  • Set goals: Turn your priorities into S.M.A.R.T. (specific, measurable, attainable, relevant, and time-based) goals so you can begin to achieve them.
  • Schedule, schedule, schedule: Make time to achieve your goals by creating a daily plan of the tasks and activities you want to accomplish each day.
  • Draw a line in the sand: Create realistic boundaries between your work and personal life, for example, avoid checking your work email in the evening.
  • Be present: Be where you are, work at work and enjoy your personal life at home. Find ways to transition between the two - listen to a podcast, read a book or enjoy a cup of tea.
  • An apple a day: Take care of your body by watching your diet and exercising. If you’re suffering physically, then your life at work and at home will be impacted.
  • Nurture the relationships that nurture you: Some of our most fulfilling experiences are rooted in our relationships with others. To improve your work experience, prioritize your relationships.
  • Me time: Find 30 minutes of uninterrupted “me time” for small pleasures every day. These can help you recharge and re-center your mind.
  • Flex your work options: Take advantage of policies and programs at work that promote work-life balance like flexible hours or working from home.

Not sure where to start? Schedule your free consultation with a thrivealike Financial Professional

The idea of retirement is an exciting time in one's life, but without a pension it can also be a scary prospect. One way to help ease the anxiety and become more confident about your financial future would be working with someone who is trained to find solutions to the risks and challenges you will face in retirement.
1. Share a little info
Create your financial snapshot by sharing basic information about you and your finances, what stage of Retirement Planning you are in (pre or post), and your current plan to recreate your paycheck in retirement without having a pension .
2. Free consultation
Uncover the potential of your retirement goals in just 15 minutes! Your virtual consultation with a thrivealike Financial Professional will give you an understanding of where you stand and what it will take to get you closer to financial freedom.
3. Decide to thrive
Harness the power of financial expertise with a thrivealike Certified Specialist who will create a customized plan with investment strategies tailored for you and the unique challenges you face when retiring without a pension.

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INVESTMENT & RETIREMENT INSIGHTS
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