Womans Market Women without her man , is nothing.. Women, without - PowerPoint PPT Presentation

Woman’s Market Women without her man , is nothing….. Women, without her, MAN is nothing….

If the shoe fit’s……….

Vroue en finansiële onafhanklikheid “’n Vrou kry dikwels die boodskap uit die samelewing dat iemand anders vir haar sal sorg. In hierdie konteks versuim sy dan om verantwoordelikheid te neem vir haar eie materiële behoeftes”

Women & financial independence “Without vision there is no direction, without direction there is no purpose, without purpose there are no targets , without targets there are no priorities . Without priorities there is no plan and without a plan there is no hope .” Dr David Cormack

Women and financial independence 96% 70% 54% Want to be Obstacle: lack of Frequently put off financially understanding independent Source: Working Women USA

Dream and dilemma Woman….  Have more career breaks  Now earning more  Live longer  Marry men older than our self  Experience a change in marital status

Divorce & Single Parenthood  54% 1 st Marriage  72% 2 nd Marriage  83% 3 rd Marriage  45% decline in standard of living  15% Ex spouse improvement in standard of living

Divorce & Single Parenthood 2010  51 % 1 st Marriage  64 % 2 nd Marriage  75 % 3 rd Marriage  45 % decline in standard of living  15 % Ex spouse improvement in standard of living

Opportunities for women  Gap between gender-based salaries is closing  Equal taxation  More recognition in the workplace  More going into own business  41% of current accounts and 42% of credit card accounts are owned by women

Financial independence Considerations  Family  Disability  Savings  Retirement  Medical expenses  Death

Responsibilities to consider Family Employees Business Self

Are you expecting more? Your pension as a percentage of your income Most pension benefits 80% are calculated using 40 years’ service 30 years’ service 20 years’ service the formula 2% x years 60% of service x final average salary 40% Final average salary Pension

An attractive remuneration package now . . . . . . but what if you retire? Most fringe benefits are part of non-pensionable income. They increase Housing subsidy your standard of living Non-pensionable Taxable vehicle benefit and future expectations. income Make sure that you can Incentive bonus Total income maintain this standard Production bonus of living after retire- ment. Allowance Pensionable Pension after 30 income Basic salary years’ service

Inflation’s effect on pension Even if your pension grows by 7,5% per annum, its buying power could decline significantly . . . R3 600 R2 861 R2 273 Retirement 10 years 20 years

Medical expenses After retirement “Our experience has shown that the cost of claims for an 80-year-old can be approximately 180% higher than for a 40-year-old, and 270% higher than for a 20-year- old.”

Women and medical expenses  1 in 35 women will develop cancer of the cervix  1 in 29 women will develop breast cancer  1 in 4 people will develop heart disease  1 in 4 people below 50 will suffer from a trauma  Almost 350 collisions occur every hour

Breast Cancer……  Mastectomy  Radiation  Chemotherapy  Wigs / Prostheses  Accommodation before and after treatment  Reconstruction operations  Medication

What a disability could cost you R1,5mil R3,8mil R2,4mil R4mil R3,8mil R2,4m 40y 40y 40 y 40 y 10 y 40 y Home Specialized Car Medical care Food, Care / training/ entertainment, support equipment transport, clothes • R37 292 pm • R447 504 pa x 40 years = R17 900 160

What is your value ????  Caregiver / Doctor  Home-maker  Teacher / Sport coach  Taxi / Courier service  Garden Service  Shopping guru  Organizer / Chef  Dress maker  Mother / lover

Astute Planning for now and later  Immediate Plans  Short-term plans  Medium-term plans 6 – 9 years  Long-term plans  Budget……

When a loved one has passed away…  Funeral arrangements  Confused / Manipulated  Anxiety / Shock  Lonesome / Frightened  Self-image  Grief  Unfair  52% of SA population = woman  Majority of people older than 60 are single woman

Estate & Wills  Will ??  Estate ??  Executor ??  Documents??

Women without her man, is nothing.. Women, without her, MAN is nothing! BELIEVE L ove L ive L egacy

Vroue en finansiële onafhanklikheid Ervaring is ‘n harde leermeester, want jy skryf eers die toets en leer agterna die les .

Successful women plan effectively for..  Self  Retirement  Medical expenses  Disability  Dependants  Possible eventualities  Own aspirations