Financial Planning, Retirement Planning

Celebrating Women’s History Month: Wealth Planning for Women

March 09, 2022

As we celebrate Women’s History Month, we recognize the many social, economic and cultural contributions and achievements of women. So, we would like to take a moment and recognize that a woman’s financial health may involve planning issues that are specific to her financial journey.

Potential financial needs for women to consider:

• A longer life expectancy. On average, women outlive men by about five years.1 This means that women need to plan for their money to last longer.

• A leave of absence to care for loved ones. Women may experience challenges with family care and decide to leave the workforce to care for young children2 or aging parents.3 When a woman leaves her job, she sacrifices income and the ability to contribute to her 401(k) plan and Social Security benefits, detrimentally impacting her nest egg.

• A desire to invest with her values. Many women are interested in screening their investments for environmental, social, and governance factors to ‘make an impact,’ and would like to consider ESG opportunities.

• An inheritance of significant wealth. An estimated $30 trillion is expected to pass down to women by 2031 in ‘The Great Wealth Transfer,’ and women need to be prepared to take control of their wealth.

Washington Trust Wealth Advisors take the time to understand every client’s unique situation to create a tailored wealth plan that empowers them to prepare for life’s transitions and achieve their goals with confidence. We stand ready to provide you and your family with the trusted advice you deserve. Please reach out to your Washington Trust Wealth Advisor to explore the ideas presented here or to discuss your specific needs and financial goals.

The views expressed here are those of Washington Trust Wealth Management and are subject to change based on market and other conditions. Investment recommendations and opinions expressed in these reports may change without prior notice. All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.

Connect with a wealth advisor

No matter where you are in life, we can help. Get started with one of our experts today. Contact us at 800-582-1076 or submit an online form.

Contact us

This document is intended as a broad overview of some of the services provided to certain types of Washington Trust Wealth Management clients. This material is presented solely for informational purposes, and nothing herein constitutes investment, legal, accounting, actuarial or tax advice. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. Please consult with a financial counselor, an attorney or tax professional regarding your specific financial, legal or tax situation. No recommendation or advice is being given in this presentation as to whether any investment or fund is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors, or markets identified and described were, or will be, profitable.

Any views or opinions expressed are those of Washington Trust Wealth Management and are subject to change based on product changes, market, and other conditions. All information is current as of the date of this material and is subject to change without notice. This document, and the information contained herein, is not, and does not constitute, a public or retail offer to buy, sell, or hold a security or a public or retail solicitation of an offer to buy, sell, or hold, any fund, units or shares of any fund, security or other instrument, or to participate in any investment strategy, or an offer to render any wealth management services. Past Performance is No Guarantee of Future Results.

It is important to remember that investing entails risk. Stock markets and investments in individual stocks are volatile and can decline significantly in response to issuer, market, economic, political, regulatory, geopolitical, and other conditions. Investments in foreign markets through issuers or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical, or other conditions. Emerging markets can have less market structure, depth, and regulatory oversight and greater political, social, and economic instability than developed markets. Fixed Income investments, including floating rate bonds, involve risks such as interest rate risk, credit risk and market risk, including the possible loss of principal. Interest rate risk is the risk that interest rates will rise, causing bond prices to fall. The value of a portfolio will fluctuate based on market conditions and the value of the underlying securities. Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment loss. Investors should contact a tax advisor regarding the suitability of tax-exempt investments in their portfolio.