Why Investing Is Important
You already understand the importance of saving money, but the only way to combat inflation and build lasting wealth is to invest. As a woman, you may be less likely to take investment risks, putting all your savings towards secure and low-yielding financial products. This strategy may preserve your nest egg, but it will not help you accumulate the wealth you need to live a prosperous retirement and enjoy the life you deserve.
At Okun Financial Group, we’re here to help you sort through the complexities of your investment decisions. You don’t have to select high-risk investments, but you also can’t put all of your eggs into low-yielding baskets. We’ll help you prioritize your financial goals and set you on the path to pursue them with all the resources available to you.
Unique Challenges Women Face
Women like you face unique challenges in the investment world. Maybe you’re raising kids alone, maybe you took a long break from the workforce to care for your family members, and maybe you have never received the financial advice you need to reach the next level. Here are some common challenges that may make it more difficult for you to enjoy the financial success you deserve:
- Longevity
- Lower pay
- Less time working
- Lack of involvement
- Lack of confidence
- Risk avoidance
Statistically, women live longer than men. And yet, they typically earn less over the course of their careers. Gender gaps in salaries are part of the reason, but women also are more likely to work part-time or take time off to care for family members than men. As a woman, you may also not have been involved with your finances. You could be afraid of risk, and you may even lack confidence in your abilities to succeed financially. While these are all real challenges you may face, we’re here to help you overcome them.
How to Prioritize Your Investment Goals
Being a woman will not hold you back from pursuing your financial goals any longer. When you work with our team of professionals, we’ll help you prioritize your investments. The first step may be to create a financial plan. When you meet with our advisors, we’ll go into detail about your current financial situation, discussing your assets, debts, income, and expenses. Then we will get clear about your financial goals. Together, we’ll create a plan to help you reach them.
Kathie H. Okun, CLU, ChFC, LUTCF
President / Wealth Advisor
Investment Advisor Representative of Lincoln Financial Advisors Corp.