Okt 27, 2016 at 04:48 o\clock

U.S. Women Lagging in Leadership Roles - AGT The Safe Money People

by: aryehgoldbloom   Keywords: agt, indexed, annuity

Although a woman was selected to be a major party’s candidate for the first time in this year’s presidential race, leadership positions are still lacking for American women in the corporate world.
According to a 2016 research report by Mercer titled “When Women Thrive, Businesses Thrive,” females make up only 20 percent of executive-level positions. The report, which canvassed 42 countries and 3.2 million employees, included 1.3 million women.
To help combat the inequality displayed in prominent workplace roles, many organizations have developed diversity and inclusion initiatives to help promote women in the workforce. These efforts do help. Research shows that companies with leaders who are actively engaged in these programs have more women in executive positions and also hire, promote and retain women at higher rates.

However, there is a more recent realization that women workers tend to be “over-mentored and under-sponsored.” In other words, despite being coached to perform at higher levels, women still lack access to positions in which these newly honed skills can be leveraged. More companies are recruiting and training women straight out of college, but as they progress through their career, fewer women rise through the ranks than men.

The U.S. and Canada have made recent strides to promote pay equity, as 40 percent of organizations offer a formal pay equity remediation process. But somewhat surprisingly, Latin American is the only region on track to achieve gender parity at the professional level within 10 years. There, women are expected to represent 44 percent of executives in 2025.

Latin America also leads the rest of the world in the share of women who hold P&L (profit and loss) roles, and is No. 1 in middle management engagement in diversity and inclusion initiatives (51 percent).  

According to Mercer, women rate above men in certain skill sets that are conducive to leadership in the workplace. For example, compared to men, women rate higher at inclusive team management (43 versus 20 percent); emotional intelligence (24 versus 5 percent); and flexibility and adaptability (39 versus 20 percent). 
Source: AE Marketing Hub

Feb 12, 2016 at 02:51 o\clock

4 Tips for Financially Independent Women | AGT The Safe Money People

Mood: Happy
Listening to: Radio




Is there a meaningful difference in the way men and women consider money? There is, according to a study published in a recent issue of Social Indicators Research.



Women associate money with love and emotion, according to the research, while men are twice as likely to link finances to independence and power. While the differences are not mutually exclusive, researcher’s hope the general findings will help people better understand their relationship with money, which may lead to better-informed financial decisions.



“Also, it’s helpful to remember that, historically, women haven’t had control of their own financial destiny; and that includes many women who are retired today,” says Leah Miller, a financial and Medicare expert, and CEO of Red Anchor Wealth Management (www.redanchorretirement.com).



“Despite the fact that women control most of the economy today and tend to be the CFO of most households, many continue to get the short end of the stick – especially when it comes to retirement. Women live longer and are often the ones to find out that they’ve outlived their money.”

Speaking directly to women, Miller offers context on how to face emotionally the stress of financial planning for retirement.



Make the most of your time on this Earth. 



A long life shouldn’t be a bad thing. If you’re married with a husband, you’ll likely enjoy many years together sharing Social Security, a pension or IRA income and other sources. However, much of that money won’t be there should you outlive your husband. Many women may be prone to avoiding thoughts of life after their spouse moves on. While that may be romantic in a sense, Miller says, it is highly impractical if you’re trying to live a long and fulfilling life.



Money keeps women up at night.



People don’t like to think about the things that cause them pain. For women, the stress of an uncertain financial future is a huge pain. While there is a way to feel much better about this uncertainty, millions of women avoid troubleshooting this latent and palpable stressor. It’s like someone who is desperate to lose weight but is too afraid to step on the scale.



Anxiety is worse than actually taking care of the problem (getting started). 



If you are the family chief financial officer, then abstracting a future budget is an easy step to start with. The important goal of retirement planning is to craft an income stream that will sustainably support your needs, so start accounting now. Make a balance sheet that includes your savings account, retirement accounts, 401(k) plans, investment real estate, stocks, bonds, mutual funds, annuities, cash value life insurance and other assets. Then break it down further by pre-tax and post tax-accounts.



Don’t take your estate for granted; beware the pre-Medicare timeframe.



Some women have it better than others, but beware of overconfidence, because you can fall ill anytime. For example, the average couple who retires at age 62 will spend $17,000 out-of-pocket on health care each year until they enroll in Medicare. And, that’s basically the cost of the premium, so even in good health the price is very high. A nice nest egg in combination with other assets can be depleted rapidly with insufficient Long Term Care insurance.


“Some of these considerations may be unpleasant, but what’s the alternative?” Miller says. “Don’t bury your stressful feelings. Instead, do something about it. You’ll feel better and you’ll be better off as you move forward.”