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ING sponsors Money Conference for Women
Published Date: 01/26/2006
Three out of four working women earn less than $30,000 per year. Women’s lower earnings, combined with time away from work to raise children and longer life expectancies, create unique financial challenges. As part of ING’s commitment to diversity, education and financial literacy, the ING Foundation has partnered with the YWCA to sponsor the Money Conference for Women, which focuses on money management, investing and retirement planning for women of all ages and economic backgrounds. Working with the YWCA is a great fit for ING because of its extensive programming for women, children and teenage girls.
The Atlanta conference coming up on Feb. 3–4 is the third Money Conference for Women ING has sponsored in the past six months. It features Suze Orman as the keynote speaker and an expected crowd of about 1,000. Several women from ING will make presentations, and ING employees will be invited to attend at no cost. Valerie Brown, president of ING Advisors Network, will be a keynote speaker on Saturday at noon. She’ll discuss “The Value of Advice: The When, Where and How’s to Seeking Financial Counsel.”
“Financial education empowers women by giving them confidence to take action,” Brown said. “We are proud to be a sponsor of the conference and be able to help women take the right next steps to plan for their financial future.”
Last October, ING sponsored conferences in Hartford and Baltimore. In Hartford, where ING has sponsored this event for two years, Financial Horizons has arranged for speakers and volunteers, giving ING a strong presence at the conference. For example, Kathy Murphy, head of Worksite and Institutional Financial Services, was a keynote speaker at the 2004 Hartford conference and Judeen Wrinn, chief administrative officer, Worksite and Institutional Financial Services, spoke at last year’s conference.
Money Conference helps women reach their full potential
The Money Conference for Women is designed to address the special financial issues that women face in their work and personal lives. These statistics from the Hartford conference show how financial issues affect women’s retirement and put them at higher risk for poverty later in life:
- Three out of four working women earn less than $30,000 per year.
- Women earn less and receive half the average pension benefits of men.
- Women live longer than men, requiring them to make their money last longer.
- Women have more sporadic work histories as a result of caring for children or elderly parents.
- Seventy-one percent of the nation's four million elderly poor are women.
- Women tend to be more intimidated about financial issues, less informed about ways to secure their financial future and more conservative investors.
To help address these issues, the Money Conference for Women features recognized leaders in the financial services industry who offer practical advice and tools to help participants design and implement a personal savings strategy. The workshops are led by knowledgeable volunteer presenters from various financial services companies. Topics may include: Budgeting, Getting out of Debt, Investing, Saving for College and Planning for Retirement.
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