In the United States, we celebrate Women’s Equality Day on August 26th. But let’s be honest, women are anything but equal when it comes to retirement planning. That is why I get passionate when I see articles about women, money, and retirement. When it comes to funding your future retirement paycheck, I strongly believe […]
According to statistics, most Americans do not. 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute) 40% of baby boomers now plan to work until they die. (AARP) 36% of Americans say they don’t contribute anything at all to their savings. (CNBC) 87% of adults say they are not […]
I used to be a financial avoider. I never thought about saving for the future. My thoughts about money revolved around buying things. All that changed back in 2007 when a financial planning firm recruited me to do retirement planning for school teachers. That was when my eyes were opened to the shocking reality of […]
I joined the July 2020 Ultimate Blog Challenge, which means I’ve committed to posting a blog on this website every day for the next 31 days. Why on earth would I do that?!!! Over the last few months, while we’ve been SIP, I received several calls from women who are getting serious about planning […]
I came across a survey where two hundred forty-six women (age seventy and younger) who became widowed within the past five years were interviewed. These women owned assets of $50,000 to $1 million. This survey was completed for the Women’s Institute for a Secure Retirement (WISER) and funded by the American Council of Life […]
Before the pandemic, 49% of the women surveyed in the Allianz Women, Money & Power Survey (2013), stated their number one money fear sounded something like this: I’m afraid I’ll end up penniless and homeless in retirement. This is a fear I hear about more often than not from women who come […]
Last week, I was talking with a friend and we got to talking about women, money, and retirement. She told me how her fifty-five-year-old cousin is worried about her husband leaving her, which would put her in a vulnerable financial position. She’s thinking about retiring in the next five years but is afraid to because […]
What tends to get women in trouble is not having a plan to get ahead financially, which also means not being able to put away anything for retirement. When it comes to women and retirement, the reality is that most of us will end up in charge of our own finances. Hence the need for […]
Making assumptions can cause a tremendous amount of unnecessary stress and anxiety when it comes to our finances. Assuming the worst can lead us to make bad financial decisions. Or worse, it can cause us to avoid making decisions at all. The biggest thing that holds women back in their finances is not […]
According to Fidelity’s Retiree Health Care Cost Estimate, a 65-year old couple (who retired in 2016) will need an estimated $260,000 to cover health care costs in retirement. This is a six percent increase over the estimate of $245,000 for 2015, and the highest estimate since calculations began in 2002. (Source) Long Term Care […]