Planning for retirement: What women should know

Today’s agenda

What retirement means Considerations and

challenges Retirement realities Wisdom for all ages

What does retirement mean to you?

Picture your retirement

Where will you live?

What do you want to do?

What makes you happy?

How will you stay busy?

Have you shared your

plans?

Your retirement, your way

Volunteer Travel Go back to school Work part-time Start a new career Spend more time with

loved ones

C0nsiderations and challenges

Women are a powerful forceMore women than men: Are in in management and

professional occupations1

Start more businesses2

Are enrolled in college3

Have more master’s degrees3

Make majority of household and consumer spending decisions4

1Bureau of Labor Statistics, Women in the Labor Force: A Databook (2012 Edition).2David Bach, Women & Retirement: Investing for the Life You Want, June, 2011.3American Council on Education, Gender Equity in Higher Education: 2010.4Wells Fargo Women and Retirement Research Study, 2011.

Children/grandchildre

nWork Spouse/

partner

Financial concernsParents Health

concerns

What’s on your plate?

Half of older Americans expect to support aging parents and adult children1

Typical Sandwich Generation member is a 48-year-old woman2

Women leave the workforce for an average of 12 years to care for children or parents3

1SunAmerica Financial Group and Age Wave, Retirement Re-Set Study, 2011.2American Association of Retired Persons, The Sandwich Generation: You are not alone, June 28, 2012.3U.S.News & World Report, The Biggest Retirement Challenges for Women, August 6, 2012.

Balancing responsibilities

Retirement realities

COMPARED TO MEN

Typically make less money

Have significantly less retirement savings

Are less likely to have a pension plan

Have longer life spans, which may result in: Higher health care

expenses Greater chance of

needing long-term care

Retirement is a women’s issue

$12,520Average annual Social

Security benefit

3 in 10Social Security is virtually the only source of income

2.9 millionLiving in poverty (more than twice the number

of men)

Older women and Social Security

1Social Security Administration, Social Security is Important to Women, March 2014.  2NWLC, Insecure and Unequal: Poverty and Income Among Women and Families, 2000-2013 (September 2014).

How much have you saved?

Employee Benefit Research Institute, 2014 Retirement Confidence Survey.

The majority say they could reasonably save $25 more per week for retirement.

$25,000$250,000

62%

Most working women estimate they will need at

least…

But most workers have saved less than...

How much will you need?

Income replacement

ratio

80%

15

Start with your retirement plan

Your plan can help you build financial strength

You may contribute: • Up to $18,000 • Additional $6,000 if you are 50 or older

Limit does not include employer contributions

Plan may have lower limits

You may be eligible for Saver’s Credit

Know your retirement savings goal

Learn your investor style by taking a quiz

Risk profiles/Risk quizzes are intended to provide a general indication of your current investment profile and do not constitute investment advice. There may be other factors specific to your situation that are not considered. Your investment risk tolerance may change over time, and you should revisit your situation from time to time to determine if a selected portfolio is still appropriate for your situation.These asset allocation models are based on generally accepted investment theories that take into account historic returns of asset classes over defined periods of time. These models are intended to provide you with general information that may be helpful as you consider your investment options. They are in no way intended to offer advice about which investments to choose or how much to allocate to any particular investment option in the plan. When applying the models to your own situation, you should consider your other income, assets, and investments (e.g., savings accounts, equity in a home, IRA and other retirement investments).

Stay in touch with your plan

Visit your plan’s website

Call our retirement

service representatives

Use online resources and

tools

Wisdom for all ages

Establish healthy habits

Build an emergency fund

Reduce debt

Create a budget

Consider opening a Roth IRA to save even more

Work toward saving at least 10% of your income

Enroll in your retirement plan at work

Determine retirement savings goal

20s 30s

Stay on track

Reduce debt

Create/update will and related estate documents

Review your insurance needs

Review your asset allocation and rebalance as needed

Contribute to your IRA

Increase your contributions

Review your retirement income goal

40s

Focus on what lies ahead

Review and update your retirement planMake catch-up contributions to retirement accountsReview your asset allocationConsolidate your retirement accountsHave a plan for withdrawing savingsForecast what your expenses will be in retirementReview your insurance coverageReview wills and estate documents

50s 60s

Knowledge is power

Beyond TodaySM wellsfargo.com/beyondtoday Provides women with financial perspective at every stage in their lives. Also includes age-related articles, tools, and checklists.

Women's Institute for a Secure Retirement

wiserwomen.org Dedicated to the education and advocacy that will improve long-term financial quality of life for women.

AARP’s Decide. Create. Share.SM

aarp.org/decide Helps women take steps today so they will be adequately prepared for a safe, healthy and secure tomorrow.

Links to third-party sites are provided for your convenience only. Wells Fargo neither endorses, monitors, nor guarantees the accuracy of information of third-party websites. Third-party websites may not follow the same privacy, security, or accessibility standards as Wells Fargo's website. Wells Fargo is not responsible for the security, content, or availability of third-party websites or any reliance thereon.

Get help with your decisionsPartner with a financial professional, who can:

– Help create an action plan– Discuss options for reaching

your goals– Help with contingency plans – Evaluate investment

approaches– Review your goals regularly

Take charge

Decide what you want to

do

Be involved and stay involved

Develop a plan to make

it happen

Don’t be afraid of investing

Plan for contingencies

Thank youRecordkeeping, trustee and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a business unit of Wells Fargo Bank, N.A. This information and any information provided by employees and representatives of Wells Fargo Bank N.A. and its affiliates is intended to constitute investment education under U.S. Department of Labor guidance and does not constitute “investment advice” under the Employee Retirement Income Security Act of 1974. Neither Wells Fargo nor any of its affiliates, including employees and representatives, may provide “investment advice” to any participant or beneficiary regarding the investment of assets in an employer sponsored retirement plan. Please contact an investment, financial, tax, or legal advisor regarding your specific needs and situation. Diversification and asset allocation do not assure or guarantee better performance and cannot eliminate the risk of investment losses.

©2015 Wells Fargo Bank, N.A. All rights reserved. 3-15