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Tax laws change every year — and this year is no different! This downloadable guide will walk you through the latest tax law changes to help you avoid any surprises. In this 12-page guide, you will find out:Empowering Women in Finances and Retirement
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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Thank you so much for listening to this episode of Your Retirement Blueprint! If you’ve enjoyed this episode, we’d love it if you subscribed so you don’t miss a future episode of the show. And if you haven’t already, would you take a moment to leave a review on your favorite podcast platform?
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Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 210 Financial is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and 210 Financial are not affiliated companies. 1221076 – 2/22
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