Long Term Care Coverage is Financial Freedom for Women

  Retired women typically need long-term care services for 1.5 years longer than men, according to the U.S. Dept. of Health and Human Services. Since the cost for one and a half years of care could add up to $100,000 and more, a retirement plan that includes a strategy to pay for long term care […]

What Women Need to Know About Long Term Care

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 […]

The cost of healthcare for women in retirement

Patti Fagan, Award-Winning Financial Coach for women

As someone who is passionate about educating women about finances in retirement, I spend a lot of time reading articles online. This one, entitled Healthcare for Women: A Great Challenge in Retirement is a good one because it spells out the actual financial challenges women face in retirement, regarding healthcare costs. According to retirement experts, […]

Will you have enough to retire?

Here's how you can find out

Saving for retirement

If you’re concerned about having enough savings to retire, you’re not alone. According to this article, 78% of Americans are stressed about saving for retirement. The financial services industry has done a poor job of teaching Americans what it really takes to retire, in terms of savings and financial protection. When thinking about how much […]

Long Term Care is a Woman’s Issue – Part 2

Long Term Care is a Woman’s Issue – Part 2

As I’ve stated before, Long Term Care is a woman’s issue. A sensitive element to consider regarding long term care coverage is the primary care factor, which negatively impacts women’s financial security. The Primary Care Factor Studies on women, retirement and caregiving abound and what they point to is the tendency for women to take […]

Long Term Care is a Woman’s Issue – Part 1

Long Term Care is a Woman’s Issue – Part 1

November is Long Term Care Awareness Month Each year I’m required to do continuing education for my long term care insurance license. Usually the classroom is packed with concerned advisors who are looking for the best ways to protect their clients from financial catastrophe in retirement due to rising health care costs. As baby boomers […]

Women’s Top 3 Financial Concerns

Patti Fagan Award-Winning Financial Coach

I wanted to share a few tidbits regarding women and retirement concerns that just came across my desk. According to the Administration on Aging, 70% of female baby boomers are expected to outlive their husbands, and many will live as widows for 15 to 20 years. According to a Russell Investments survey of women (Nov. 2013), […]