Video Transcript:
Women often don’t know the details about their investments or retirement finances, leaving that to the man to coordinate.
But now, more than ever, the woman should be involved. Why?
Women live longer than men—on average 9 years longer than their husbands–often after taking care of them for years.
A woman caring for her aging parents or spouse might be kept from the workforce during her highest earning years.
The U.S. Census Bureau puts the average age of widowhood at 59 – potentially leaving the widow to manage their entire retirement.
The divorce rate in the United States is 40 to 50 percent.
That’s why it is crucial that the woman understands what is going on financially, because there is a possibility that her spouse will no longer be around.
Some items that can affect a woman for the rest of her life are:
Her spouse’s Social Security choices, Pension decisions, life insurance policies and plans for the family business if a spouse or business partner becomes disabled, passes away or gets a divorce
Let us help you through research, education and collaborative decision making. Call us today.
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