Financial Focus Women may need financial 'catch-up' key risks you face in retirement: longer such as a money market account or some life expectancies and inflation. You can start taking Social Security as early as age 62, but your monthly checks will be This move can help give you a "bucket" of significantly larger if you wait until your Just how serious is your challenge? money to use for any reason, such as the "full" retirement age, which will likely be between 66 and 67. If you delay taking benefits beyond your full retirement age, your payments will increase by 8% per year, until age 70, when your benefits Bureau. This pay gap amounts to a nearly employer-sponsored retirement plan, take max out. You'll also want to learn about spousal and survivor benefits, which can Its unfortunate but true: If you're a woman, you face more obstacles than men in achieving financial security. And that means you may well need to put in some extra effort. month into a low-risk, liquid vehicle, type of cash management account con- nected with your investment portfolio. For one thing, women still face a gender need to step away from your job to care pay gap - based on median incomes, women earn about 82 cents for every dol- for children or aging parents. Increase your 401 (k) contributions lar a man makes, according to the Census each year. If you have a 401(k) or similar $470,000 difference in lifetime earnings, full advantage of it. At a minimum, con- tribute enough to earn your employer's study. Furthermore, when factoring in the match, if one is offered, and increase your contributions every year, or every time according to an Edward Jones/Age Wave affect how much you'll receive. Get some help. You may be able to benefit from working with a financial professional, who can evaluate your situa- tion, make investment recommendations, and help answer questions you may have, such as, "What moves can I make so I can afford to become a caregiver for an elderly career disruptions women face because of caring for children and elderly parents, your salary increases. that $470,000 becomes a $1.1 million Fully fund your IRA. Even if you contribute to a 401(k), you may still be study. Finally, women tend to live longer eligible to invest in an IRA - and you than men, meaning their lifetime earnings should. You can put in up to $6,000 per year to a traditional or Roth IRA, or Everyone's situation is different, but $7,000 if you're 50 or older. (However, lifetime earnings gap, according to the must last longer. parent?" Hopefully, there will be a day when these figures at least point to the challeng- a Roth IRA does have income limitations women won't have to play financial catch- up. For now, though, use all the means at es many women encounter. To help your- that may prevent you from contributing self, consider these moves: the full amount.) your disposal to help yourself. This article was written by Edward Jones to pay your bills- but, at the same time, Because Social Security provides a lifetime for use by your local Edward Jones Financial Pay yourself first. You always have Learn about Social Security options. income stream that includes cost-of-liv- ing increases, it can help mitigate two Advisor. pay yourself by moving money automat- ically from your checking account each Edward Jones, Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS" Edward Jones Pam Covington CFP AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, N 46814 karen ruperttedwardores.com 263-4760 Making Sense of Investing Financial Advisor 14413 lieoin Rd Ste E Fort Wayne, IN 46814 Financial Advisor Financial Advisor Financial Advisor 7030 Pointe nvemess Way Suito 125 Fort Winyne, IN 404 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 01 Chestnut Hils Parkway fort Wayne, iIN 40814 6525 Constitution Dr Fort Wayne, IN 404 7329 West Jetterson Bivd Fort Wayne, ItN 4604 7525 West Jetferson Bivd. 414 S. Scott Rd Fort Winyne, IN 46a04 Fort Wayne, N 40814 625-5700 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of lnvesting 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of investing Financial Focus Women may need financial 'catch-up' key risks you face in retirement: longer such as a money market account or some life expectancies and inflation. You can start taking Social Security as early as age 62, but your monthly checks will be This move can help give you a "bucket" of significantly larger if you wait until your Just how serious is your challenge? money to use for any reason, such as the "full" retirement age, which will likely be between 66 and 67. If you delay taking benefits beyond your full retirement age, your payments will increase by 8% per year, until age 70, when your benefits Bureau. This pay gap amounts to a nearly employer-sponsored retirement plan, take max out. You'll also want to learn about spousal and survivor benefits, which can Its unfortunate but true: If you're a woman, you face more obstacles than men in achieving financial security. And that means you may well need to put in some extra effort. month into a low-risk, liquid vehicle, type of cash management account con- nected with your investment portfolio. For one thing, women still face a gender need to step away from your job to care pay gap - based on median incomes, women earn about 82 cents for every dol- for children or aging parents. Increase your 401 (k) contributions lar a man makes, according to the Census each year. If you have a 401(k) or similar $470,000 difference in lifetime earnings, full advantage of it. At a minimum, con- tribute enough to earn your employer's study. Furthermore, when factoring in the match, if one is offered, and increase your contributions every year, or every time according to an Edward Jones/Age Wave affect how much you'll receive. Get some help. You may be able to benefit from working with a financial professional, who can evaluate your situa- tion, make investment recommendations, and help answer questions you may have, such as, "What moves can I make so I can afford to become a caregiver for an elderly career disruptions women face because of caring for children and elderly parents, your salary increases. that $470,000 becomes a $1.1 million Fully fund your IRA. Even if you contribute to a 401(k), you may still be study. Finally, women tend to live longer eligible to invest in an IRA - and you than men, meaning their lifetime earnings should. You can put in up to $6,000 per year to a traditional or Roth IRA, or Everyone's situation is different, but $7,000 if you're 50 or older. (However, lifetime earnings gap, according to the must last longer. parent?" Hopefully, there will be a day when these figures at least point to the challeng- a Roth IRA does have income limitations women won't have to play financial catch- up. For now, though, use all the means at es many women encounter. To help your- that may prevent you from contributing self, consider these moves: the full amount.) your disposal to help yourself. This article was written by Edward Jones to pay your bills- but, at the same time, Because Social Security provides a lifetime for use by your local Edward Jones Financial Pay yourself first. You always have Learn about Social Security options. income stream that includes cost-of-liv- ing increases, it can help mitigate two Advisor. pay yourself by moving money automat- ically from your checking account each Edward Jones, Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS" Edward Jones Pam Covington CFP AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, N 46814 karen ruperttedwardores.com 263-4760 Making Sense of Investing Financial Advisor 14413 lieoin Rd Ste E Fort Wayne, IN 46814 Financial Advisor Financial Advisor Financial Advisor 7030 Pointe nvemess Way Suito 125 Fort Winyne, IN 404 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 01 Chestnut Hils Parkway fort Wayne, iIN 40814 6525 Constitution Dr Fort Wayne, IN 404 7329 West Jetterson Bivd Fort Wayne, ItN 4604 7525 West Jetferson Bivd. 414 S. Scott Rd Fort Winyne, IN 46a04 Fort Wayne, N 40814 625-5700 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of lnvesting 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of investing