Empowering Women in Finances and Retirement (& the Value of Non-Cash Investments) – Episode 3

 

Did you know that, on average, women outlive men? Every situation is different, but statistics say that 80% of men will die married and 80% of women will die single.

Far too often, though, we have seen situations where women lose their spouse and haven’t been involved in understanding the family’s finances.

In today’s episode, after answering a question that was sent in about whether it’s better to invest in gold, silver, or cash, we’re talking about why it’s important for women to be involved in their family’s finances and common issues we’ve seen come up for women in retirement.

This is such an important topic, and this reality is a reminder that there is no better time to develop a plan than today. Enjoy today’s show!

 

 

Key Takeaways:

1) There needs to be a plan for retirement. There is a lot to plan for and consider when someone loses a spouse. The widow or widower is pushed into a higher tax bracket, social security amounts change, and the list goes on. Whenever possible, it’s important to start planning before this happens.

2) Healthcare costs are increasing. With a longer lifespan, women can anticipate more healthcare costs throughout their life. On top of that, healthcare costs are increasing each day. The solution? Have a plan.

3) Men, if you are managing your family’s finances, bring your spouse into that. This is so important. Losing a spouse is overwhelming enough and having to figure out all the finances on top of that makes that loss even more challenging.

 

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