5 Reasons Women Should Plan for Long-Term Care
Women Face Many Challenges in Retirement and Planning Ahead is Key to Achieve Financial Independence As healthcare costs continue to rise, it’s becoming increasingly important for American workers to consider including a plan for addressing the costs of long-term care in their overall retirement plans. Failing to do so can pose a significant risk to your financial independence, and it’s particularly critical for women, who already face extra challenges when it comes to living comfortably in retirement. Below we’ll discuss five specific reasons that women should consider the costs of long-term care when planning for retirement.
Widow Financial Planning: Three Helpful Tips to Move Forward
Gain Peace of Mind and Empowerment with These Meaningful Financial Moves Widowhood is one of the highest financial risk factors women can face, with an increased risk of falling into poverty after losing their late spouse’s income. Social Security benefits are also cut, anywhere from 33% to 50%, and further losses can be accrued if the late spouse’s work-sponsored pension is canceled or reduced after they pass. The poverty rate for widowed women 65+ in America is nearly 15% — almost 40% higher than the poverty rate for widowers, according to the Congressional Research Service. That’s why, even when […]
