Women face special challenges when planning for retirement. Because their careers are often interrupted to care for children or elderly parents, they may spend less time in the workforce and earn less money than men in the same age group. As a result, their retirement plan balances, Social Security benefits, and pension benefits are often lower. In addition to earning less, women generally live longer than men, and they face the reality of stretching limited retirement savings and benefits over many years!
Join me today, as my guest Angela Sloan, CEO and Founder of Sloan Financial Group, and I discuss the important tips that women need to consider when planning for retirement.
Some of the topics we will be discussing include:
- What is the #1 fear women have about retirement?
- Is it ever too late to start saving?
- Why should a woman take control of her retirement, even if she is marred?
- What is the best way for a woman to draw Social Security? Draw hers? Her current husband’s? Her deceased husband’s? Her ex-husband’s? Did you know you have a choice?
- And…much, much more!
Saving for emergencies, saving for retirement, saving for things we want! It’s all SAVING and that takes a different mindset. Be in control of your money and make a plan to get yourself where YOU want to be! I know I’m going to! We, as women have to take care of ourselves first, even if our Mommy instincts tell us otherwise!
The sooner you start the more you will save! Make a promise to yourself that 2015 will be your best year yet!
Happy New Year, Everyone!
Wishing you great success and happiness!