Redstone Federal Credit Union

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Redstone Federal Credit Union ® (RFCU ® ) and Redstone Brokerage Services (RBS) are not registered as a broker- dealer or investment advisor. Registered representatives of LPL offer products and services using Redstone Brokerage Services and may also be employees of RFCU ® . These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, RFCU ® or RBS. Securities and insurance offered through LPL or its affiliates are: Not Insured by NCUA or Any Other Government Agency Not Credit Union Guaranteed Not Credit Union Deposits or Obligations May Lose Value r e d f c u.o r g | 11 Research shows that women and men tend to manage their money differently, from priorities to approach. Let's look at the reasons for that difference and consider how it plays into financial planning. By examining our natural tendencies, we can learn from the strengths of others. W hy does f inancial planning dif fer? • Women live longer on average. Because the average woman lives two years longer than the average man and tends to marry someone two years older, she'll need four more years of finances. • Women usually make less money over a lifetime. ey are often paid less than their male counterparts, and women take more breaks from employment due to maternity leave or caring for family. • Women need to invest early and spend strategically. Due to the common financial hurdles mentioned, it's important that women begin investing early in life, seek financial guidance, and spend wisely, which includes avoiding debt. How does f inancial planning dif fer? • Men save a greater amount of money. e reason may be that they tend to make more money. In addition, women are unlikely to contribute to savings while they're staying home to care for family. Connecting with a financial planner can be beneficial to prepare for time away from the workplace to offset a potential negative effect on finances down the road. • Men show more interest in investing. With that interest comes greater knowledge and increased confidence; this confidence appears to lead them to take greater risks. In comparison, women are often more open to input. However, women are also less likely to take risks with their money, focusing on safer ways to save. • Men focus more on the short term. Because they've got an eye on investments, they tend to react to short-term shifts in stocks. Women are more likely to stay focused on long-term goals like retirement and saving for their children's college. What's the takeaway? Women may benefit from learning about investment options and taking a risk for a higher return. Men may want to add caution to their investment endeavors, increase their willingness to seek financial help, and become more cost- conscious with expenses. R E D S T O N E B R O K E R A G E S E RV I C E S Financial Planning Differs for Women and Men No matter your financial preferences, Redstone Brokerage Services is ready to provide personalized and comprehensive guidance. We take time to explore your goals and help you create a plan that puts you on a path to work toward a solid financial future. Call Redstone Brokerage Services at 256-722-8351 to get started! Allison Davidson

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