128 North 6th Street
We proudly specialize in retirement and income planning for women.
So many women are used to thinking of everyone else before themselves, whether in their role as a wife, mother, sister, or friend, often to their own detriment. But at Focus Point Wealth Management, LLC our team is committed to ensuring that your financial needs are being met, whether married or single, so you can face the future confidently and not be a burden on those you love.
If your goals include leaving a legacy, helping put your children through college or giving loving care to your parents as they age, we can help you with that. If your dreams are to travel more, buy your dream home or delve into a new hobby, we can help you with that, too.
It all starts with understanding your finances and building a financial strategy for success. Unfortunately, there are some myths that often stand in the way of women getting the financial help they deserve. We are changing that.
The majority of women - 90 percent - will eventually be solely in charge of their household finances.1 That's partially due to women having a longer lifespan than men.2 And yet, just 20 percent of women feel very well prepared to make wise financial decisions.3
At Focus Point Wealth Management, we know women face unique challenges and we're ready to help empower you with the guidance you need.
Women have a heart for service and care deeply about what matters most to them. Some women may appear less focused on their finances, but only because they're busy sacrificing - 16% of women report taking on a less-demanding job (versus 6% for men) to care for children or ailing parents.4
Some women put themselves in the precarious position of relying too heavily on their spouse/partner and are sidelined or totally derailed when they are widowed, divorced or once again single, after decades of marriage or partnership. We can help you prepare for potential challenges like these.
Women control 51% of U.S. personal wealth, are the primary breadwinners in over 40% of U.S. households and own 30% of all private businesses in the United States.5
An estimated $59 trillion of wealth will be transferred from older generations to younger through 2030, and two-thirds of that is expected to go to women.6 We're dedicated to helping you seize the opportunities in your financial life and pursue your dreams.
Don't let these myths stand in the way of taking charge of your finances and your future; you are too valuable to those around you. You are very capable and we will walk beside you in this process. You deserve better and it is our promise to leave you better than when you came in. Take that first step, it is always the hardest, but we will walk with you every step of the way!
1 Financial Advisor. March 1, 2016. "Wanted: Women Financial Advisors." https://www.fa-mag.com/news/wanted--women-financial-advisors-25321.html Accessed March 19, 2020.
2 Social Security. "Retirement Benefits | What is your life expectancy?" https://www.ssa.gov/benefits/retirement/planner/otherthings.html. Accessed Nov. 20, 2020.
3 Prudential. "2014-2015 Research Study: Financial Experience & Behaviors Among Women." Page 3. https://www.prudential.com/media/managed/wm/media/Pru_Women_Study_2014.pdf. Accessed March 19, 2020.
4 Family Caregiver Alliance. "Caregiver Statistics: Work and Caregiving." https://www.caregiver.org/caregiver-statistics-work-and-caregiving. Accessed March 19, 2020.
5 BMO Wealth Institute. March 2015. "Financial Concerns of Women." https://www.bmo.com/privatebank/pdf/Q1-2015-Wealth-Institute-Report-Financial-Concerns-of-Women.pdf. Accessed March 19, 2020.
6 Kelly Anne Smith. Sept. 25, 2018. "Here's who will benefit the most from the $59 trillion 'Great Wealth Transfer.'" https://www.bankrate.com/personal-finance/great-wealth-transfer/. Accessed March 19, 2020.