URPG Newsletter - Fall 2017


"For Women, a Pay Gap Could Lead to a Retirement Gap"

Women in the workforce generally earn less than men. While the gender pay gap is narrowing, it is still significant. The difference in wages, coupled with other factors, can lead to a shortfall in retirement savings for women.

Statistically Speaking

Generally, women work fewer years and contribute less toward their retirement than men, resulting in lower lifetime savings.

According to the U.S. Department of Labor:
• 56.7% of women work at gainful employment, which accounts for 46.8% of the labor force
• The median annual earnings for women is $39,621 — 21.4% less than the median annual earnings for men
• Women are more likely to work in part-time jobs that don't qualify for a retirement plan 
• Of the 63 million working women between the ages of 21 and 64, just 44% participate in a retirement plan
• Working women are more likely than men to interrupt their careers to take care of family members
• On average, a woman retiring at age 65 can expect to live another 20 years, two years longer than a man of the same age

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Dear friends and family,

URPG celebrated its one-year anniversary in September 2017, and what a year it has been!  Since our last newsletter in August, we have been very busy fine-tuning our client service model. Additionally, we have had a seminar with a professional organizer and held a private tour of the Ossining Historical Society. Our team has also recently attended several industry conferences so that we may continue to stay current on your retirement, investment, and legacy planning needs. I've recently become more involved with the Ossining community by delivering food to families on Thursday evenings at the Ossining Food Pantry.

Please visit the Solutions page on our website www.myurpg.com for educational articles on retirement income planning, to review our past newsletters, and to check out our upcoming events. I wish you and your family a wonderful and safe holiday! I am very grateful to work with you.




View the full URPG Newsletter - Fall 2017 Issue