Womens’ Financial Concerns
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Life Expectancy
Women have a longer life expectancy.
Lower Income
Women generally have lower income then their male counterparts.
Higher health care expenses
Women have 39% higher health costs.
Long-term care
Women are more likely to need long-term care than men.
Longer and more expensive retirement
Higher health care expenses
Women have an average additional life expectancy of 20.6 years after age 65.
Women have
32% lower
retirement account balances on average than men do.
Nearly 2 in 10 women are projected to need long-term care for more than 5 years.
45%
of women plan to work after they retire, or don’t plan to retire at all for financial reasons.
Women have 39% higher health costs on average than men in retirement.
More than 70% of nursing home residents are female.
Women over 65 have 2X the risk of developing Alzheimer’s disease than men.
Protect, Save, Manage Debt, Invest
There are four financial disciplines I consider vital to planning for your future. The order of these disciplines is essential since completing one establishes a foundation upon which to build the next.
Protect
What Happens When the Unexpected Happens On The Road?
Pain and suffering refers to the physical discomfort and emotional distress that are compensable as non-economic damages. It refers to the pain, discomfort, anguish, inconvenience and emotional trauma that accompanies an injury!... We’ve seen enough cases to know how serious your accident can be later in life. We understand the importance of understanding how your insurance will work for you so that you receive adequate benefits. With TEMPRAInsurance.Com, we will help you will choose insurance that will take care of you and help to protect everything that you have worked hard to earn.
What is a Beneficiary
Choosing beneficiaries, and keeping those choices up-to-date, is an important part of owning life insurance. The birth or adoption of a child, marriage, or divorce can affect your initial choice. Review your beneficiary designation as new situations arise in order to make sure your choice is still appropriate.
Save
Is the Savings Account Dead?
Once upon a time, savings accounts were a decent investment option, but today they rarely keep up with inflation... what happened?
Manage Debt
Learn How to Pay Off Debt
Debt is one of our least favorite things to talk about, and that's one of the main reasons it is so hard to pay them off. BUT researchers have figured out how to rewire your brain to take on the debt monster.
Invest
Are 401(k)s a Financial Silver Bullet?
Almost every financial adviser recommends having a 401(k)... but are they the surefire solution they're made out to be?
Additional Demands on Family Finances
Women are 73% more likely to leave the labor market due to caregiving needs than men.
46% of women in two-income households are at risk of being unable to maintain their standard of living in retirement.
A woman’s household income falls 41% after divorce.
On average, women will survive their husbands by 15 years.
32% of women over age 65 are widows.
Sources based on the data shared by Rex Nutting-Market Watch (2016), Surveys conducted by OnePoll for LifeHappens.org (2020), plansponsor.com article retirement concerns remain (2019).