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

Women without her man, is nothing….. Women, without her, MAN is nothing….

Woman’s Market

If the shoe fit’s……….

Vroue en finansiële

• nafhanklikheid

“’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”

“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 & financial independence

Women and financial independence

Want to be financially independent Obstacle: lack of understanding Frequently put off

Source: Working Women USA

96% 70% 54%

Dream and dilemma

• Have more career breaks
• Now earning more
• Live longer
• Marry men older than our self
• Experience a change in marital status

Woman….

Divorce & Single Parenthood

• 54% 1st Marriage
• 72% 2nd Marriage
• 83% 3rd Marriage
• 45% decline in standard of living
• 15% Ex spouse improvement in standard of living

Divorce & Single Parenthood 2010

• 51 % 1st Marriage
• 64 % 2nd Marriage
• 75 % 3rd 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

• Family
• Disability
• Savings
• Retirement
• Medical expenses
• Death

Considerations

Financial independence

Responsibilities to consider

Family Self Employees Business

Are you expecting more?

Your pension as a percentage of your income

Pension

80% 60% 40%

Most pension benefits are calculated using the formula 2% x years

• f service x final

average salary Final average salary 40 years’ service 30 years’ service 20 years’ service

. . . but what if you retire?

Most fringe benefits are part of non-pensionable

• income. They increase

your standard of living and future expectations. Make sure that you can maintain this standard

• f living after retire-

ment.

Pension after 30 years’ service Pensionable income Basic salary Allowance Production bonus Incentive bonus Taxable vehicle benefit Housing subsidy Non-pensionable income

Total income

An attractive remuneration package now . . .

Inflation’s effect

• n 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-

• ld.”

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

• R37 292 pm
• R447 504 pa x 40 years = R17 900 160

Specialized training/ equipment Care / support Home Car Medical care Food, entertainment, transport, clothes

R1,5mil R3,8mil R2,4mil R4mil R3,8mil

R2,4m

40 y 40 y 10 y 40 y 40y 40y

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

Love Live Legacy

Vroue en finansiële

• nafhanklikheid

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