Women Invest In Yourself!

Ray Castaldi President: Castaldi Financial Solutions Invest In Yourself Women and investing workshop

Welcome to Invest in Yourself Our Goals To encourage you to share your insight with others as it relates to your financial well-being To help you learn from some real-life scenarios women face To provide actionable ideas to help you establish & maintain your own financial security

Women’s Unique Challenges and Opportunities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],¹ Kiplinger.com, December 2006. ² Redbookmag.com, March 2005. ³ Employee Benefit Research Institute, November 2005. Good News … Bad News Introduction

So, What Can We Learn From Each Other? ,[object Object],[object Object],[object Object],[object Object],[object Object],Every Woman Has Things She Can Learn, and Things She Can Teach, About Personal Finances Introduction

The Facts of the Matter ,[object Object],[object Object],[object Object],[object Object],[object Object],FALSE Nearly half of women 21-34 live paycheck to paycheck FALSE Widows give themselves an “8” or better on a scale of 1-10 in a study on financial knowledge FALSE Most women receive two inheritances : One from their parents and one from their spouse FALSE 83% of mothers return to work, to the same employer for the same pay/skill level FALSE Women typically put saving for kids’ college ahead of saving for retirement Are any answers surprising to you? Making Progress

Common Financial Events Saving for college Birth of a child Getting married Buying a home Caring for children/parents Starting a business Relocating Dealing with unexpected changes Childcare/daycare Divorce Inheritance New job Promotion Living alone Working part time vs. full time Now for some real-life scenarios… Making Progress

Allison Keyes, 28 ,[object Object],Group Discussion I’ve worked hard, and I finally have a good job. My next goal is to buy a condo, but … should I reduce my debt first? I’m not sure what will have the most impact and benefit me more in the long run. Should I pay off more on my car, eliminate some credit card debt, or start paying down some of my student loans? “ ” Financial strategies

Allison’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],¹ The Smith College Program in Financial Education, 2006. Key Points For Allison to Consider Financial strategies

Allison’s Story Paying Off Debt Is a Positive 1 Stafford loan in 2008-09 2 www.indexcreditcards.com 10/3/08; www.seekingalpha.com 9/3/08 What would you tell Allison to do? Item Interest Rate Years Car 6.58% 5 Student loans 6.00% 1 10 Credit cards (rewards program) 19.00% 30 2 Savings <1.00% Financial strategies

Allison’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Action Steps Financial strategies

Sue Robinson, 34 ,[object Object],Group Discussion Financial strategies When we found out we were having a baby, we were so excited. Now that it’s getting closer, we don’t know what to do first. I’m not sure if I’ll want to extend my maternity leave, work part-time, or stay at home. Should we look for a bigger home, start saving for college, or get life insurance? “ ”

Sue’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Key Points For Sue to Consider What other advice would you offer Sue? 1 Association of Executive Search Consultants, 2007 Financial strategies

Sue’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],Action Steps ¹ http://www.law.georgetown.edu/workplaceflexibility2010 Financial strategies

Andrea Caponi, 45 ,[object Object],Group Discussion Financial strategies I married my college boyfriend at 25 and worked for a few years before we started our family. When the youngest started school six years ago, I began volunteering in the public schools and at our local hospital. Fast forward to now, and my husband and I are in the midst of a divorce. I have the three kids with me most of the time, the oldest of which will start college in the Fall. Financially, it’s been a huge adjustment, and I need to go back to work. I’ve been out of the workforce for 17 years now and don’t know where to start. “ ”

Andrea’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Key Points For Andrea to Consider What other advice would you offer Andrea? “ A woman’s economic lifestyle drops by 27% in the first year after a divorce” ¹ ¹ Leslie Bennetts, The Feminine Mistake, 2007 Financial strategies

Andrea’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Action Steps Financial strategies

Andrea’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Action Steps , continued Financial strategies

[object Object],Jenny Wong, 55 Group Discussion Financial strategies My mother was diagnosed with Alzheimer’s two years ago. Recently, she’s had a couple of accidents in her home, so she’s moving in with us—me, my husband, and my two teenagers still at home. She’s still with it much of the time, but her information is in complete disarray. I can barely keep up with her prescriptions and medical appointments. She’s nervous about her money, not sure how much or where it all is. I’m considering leaving my job to care for my mother full time. I’m worried that my mother may have to go to a nursing home. “ ”

Jenny’s Story ,[object Object],[object Object],[object Object],[object Object],¹ Source: John Hancock Financial Services, 2005 Key Points For Jenny to Consider “ Of the people who reach age 65, 60% may need long-term care at some point during their life” ¹ Financial strategies

Jenny’s Story ,[object Object],[object Object],[object Object],[object Object],[object Object],¹ Source: John Hancock Financial Services, 2005 Action Steps Financial strategies

Ellen Anderson, 72 ,[object Object],Group Discussion Financial strategies I was a teacher in the public schools for 40 years before retiring with a pension. I was married to my high school sweetheart at 21, and he passed this year, just after we’d celebrated our 50 th anniversary. I have my pension as well as my late husband Don’s Social Security, and some stocks and mutual funds. But I worry that it won’t be enough. I’m concerned about the rising price of prescription medications, as well as how long I’ll be able to live on my own for, without assistance. My children are grown, and don’t live nearby, but I’d like to leave a legacy for my three grandchildren, however small it may be. “ ”

Ellen’s Story ,[object Object],[object Object],[object Object],[object Object],¹ The Hartford, 2008 Key Points For Ellen to Consider Financial strategies

Ellen’s Story ,[object Object],[object Object],[object Object],[object Object],Action Steps Financial strategies

What Did We Learn From These Women? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial strategies

The Right Financial Professional Can Help ,[object Object],[object Object],[object Object],[object Object],Wrapping Up

So, What Did We Learn From Each Other? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Help Others Take Action and Succeed Wrapping Up

Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Wrapping Up

Disclosures ,[object Object],[object Object],For prospectuses or for performance current to the most recent month-end, call your financial professional or John Hancock Funds at 1-800-225-5291, or visit our Web site at www.jhfunds.com. John Hancock Funds, LLC • MEMBER FINRA | SPIC 601 Congress Street, Boston, MA 02210-2805 • www.jhfunds.com NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY. WIPPT 1/09

Women Invest In Yourself!

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