Financial Focus Financial issues facing women business owners choose an appropriate plan. As a business owner, you're always busy, so it's understandable if you've put off thinking about events that won't occur until far in the future - such as your retire cial decisions on behalf of someone who may be incapable of making them on their own. You'll want to address the possible need for this document well before it needs to be activated. ment, the sale or transfer of your business and the settling of your estate. None theless, it's a good idea to start planning now, while also recognizing the special challenges that women business owners face in these areas. Planning an exit strategy - How you transition from your business can affect your estate plans, in terms of the assets you leave behind and which family members are connected to your exit strategy. To illustrate: You could choose to pass your business to an adult child or other close relative, but if you have no family members willing to take on this responsibility, you could trans- fer ownership through an em ployee buyout, if you have employees, or you could sell the business outright to a Creating estate-planning docu- ments You will need to work with a le- gal professional to create estate-planning arrangements such as a will and a living trust, relevant business-planning docu Essentially, you'll have four key issues to consider: ments, powers of attorney and health care directives. If your situation is complex enough, you also may need to bring in a trust company to manage the assets placed in a trust and oversee the eventual transfer of these assets to beneficiaries. third party. Whichever route you choose will need to be integrated into your overall retirement and estate plans. Building assets - While you're work ing, you'll want to build as many financial assets as possible. This is especially im portant in case your career is interrupted by the need to provide care for children or parents. And there's also the matter of longevity: On average, a 65-year-old wo man can anticipate living about 20 more years-almost three years longer than a 65-year-old man, according to the Centers for Disease Control and Prevention. Fur thermore, the average age of widowhood is just 59, according to the U.S. Census Bureau. Given these concerns, you'll want to contribute as much as you can afford to a retirement account, such as an "own- er only" 401(k), a SEP-IRA or a SIMPLE IRA. A financial professional can help you Caregiving - As mentioned above, you might take some time off work to care for your children or aging parents. In fact, two of every three caregivers in the United States are women, according to the CDC. Being a caregiver can incur emotional and financial costs. To help avoid entangling your finances with those of the family members to whom you're providing care, you may want to consider creating a dur able financial power of attorney, a legal document that gives you the authority to make finan- A lot goes into preparing for retire- ment, developing estate plans and keep- ing them current. So, start early and get the help you need from experienced professionals. The more thorough your planning, the more control you'll have over your future This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS" Edward Jones Tod Heisler AAMS® Edward Jones Jason Korner CFP Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor 101 Chestnut Hills Parkway Fort Wayne, IN 46814 Financial Advisor 7525 West Jefferson Blvd. Fort Wayne, IN 46804 Financial Advisor 7030 Pointe Inverness Way Suite 125 Financial Advisor 7329 West Jefferson B Fort Wayne, IN 46804 444-3134 Financial Advisor 14413 Rd Sto E Fort Wayne, IN 46814 625-3524 Financial Advisor 7127 Homestead Rd, Suite C Fort Wayne, IN 46814 karen rupert@edwardjones.com 263-4760 Fort Wayne, IN 46804 432-3613 432-0304 625-5700 Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Edward Jones Pam Covington CFP AAMS Financial Advisor 6525 Constitution Dr Fort Wayne, IN 46804 478-8038 Making Sense of Investing Edward Jones Quinn Nofziger Financial Advisor 414 S. Scott Ad Fort Wayne, IN 46814 399-5853 Making Sense of Investing Financial Focus Financial issues facing women business owners choose an appropriate plan . As a business owner , you're always busy , so it's understandable if you've put off thinking about events that won't occur until far in the future - such as your retire cial decisions on behalf of someone who may be incapable of making them on their own . You'll want to address the possible need for this document well before it needs to be activated . ment , the sale or transfer of your business and the settling of your estate . None theless , it's a good idea to start planning now , while also recognizing the special challenges that women business owners face in these areas . Planning an exit strategy - How you transition from your business can affect your estate plans , in terms of the assets you leave behind and which family members are connected to your exit strategy . To illustrate : You could choose to pass your business to an adult child or other close relative , but if you have no family members willing to take on this responsibility , you could trans fer ownership through an em ployee buyout , if you have employees , or you could sell the business outright to a Creating estate - planning docu ments You will need to work with a le gal professional to create estate - planning arrangements such as a will and a living trust , relevant business - planning docu Essentially , you'll have four key issues to consider : ments , powers of attorney and health care directives . If your situation is complex enough , you also may need to bring in a trust company to manage the assets placed in a trust and oversee the eventual transfer of these assets to beneficiaries . third party . Whichever route you choose will need to be integrated into your overall retirement and estate plans . Building assets - While you're work ing , you'll want to build as many financial assets as possible . This is especially im portant in case your career is interrupted by the need to provide care for children or parents . And there's also the matter of longevity : On average , a 65 - year - old wo man can anticipate living about 20 more years - almost three years longer than a 65 - year - old man , according to the Centers for Disease Control and Prevention . Fur thermore , the average age of widowhood is just 59 , according to the U.S. Census Bureau . Given these concerns , you'll want to contribute as much as you can afford to a retirement account , such as an " own er only " 401 ( k ) , a SEP - IRA or a SIMPLE IRA . A financial professional can help you Caregiving - As mentioned above , you might take some time off work to care for your children or aging parents . In fact , two of every three caregivers in the United States are women , according to the CDC . Being a caregiver can incur emotional and financial costs . To help avoid entangling your finances with those of the family members to whom you're providing care , you may want to consider creating a dur able financial power of attorney , a legal document that gives you the authority to make finan A lot goes into preparing for retire ment , developing estate plans and keep ing them current . So , start early and get the help you need from experienced professionals . The more thorough your planning , the more control you'll have over your future This article was written by Edward Jones for use by your local Edward Jones Financial Advisor . Edward Jones , Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS " Edward Jones Tod Heisler AAMS® Edward Jones Jason Korner CFP Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor 101 Chestnut Hills Parkway Fort Wayne , IN 46814 Financial Advisor 7525 West Jefferson Blvd. Fort Wayne , IN 46804 Financial Advisor 7030 Pointe Inverness Way Suite 125 Financial Advisor 7329 West Jefferson B Fort Wayne , IN 46804 444-3134 Financial Advisor 14413 Rd Sto E Fort Wayne , IN 46814 625-3524 Financial Advisor 7127 Homestead Rd , Suite C Fort Wayne , IN 46814 karen rupert@edwardjones.com 263-4760 Fort Wayne , IN 46804 432-3613 432-0304 625-5700 Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Making Sense of Investing Edward Jones Pam Covington CFP AAMS Financial Advisor 6525 Constitution Dr Fort Wayne , IN 46804 478-8038 Making Sense of Investing Edward Jones Quinn Nofziger Financial Advisor 414 S. Scott Ad Fort Wayne , IN 46814 399-5853 Making Sense of Investing