Women, Retirement and the Extra-Long Life

Updated 8 months ago

Women. We are wonderful and clever, and beautiful, and we are balancer of many ‘plates.’ As women we face unique challenges in our money and retirement: we live long, we spend a bit of our aging single, we frequently have lower retirement incomes and we also have responsibilities of caring for others. MetLife conducted a study and they called it, “Women, Retirement and the Extra-Long Life.’ The study examined what 50-70 year-old women are thinking and doing about their finances for retirement. This study may not directly show exactly how YOU think, but it generally shows what women may think. And generally women don’t know where to start when it comes to calculating what we will need for retirement. Neither the income we will need , nor the expenses we might expect. Because of this confusion and lack of more concrete calculation, we tend not have enough saved and then to have to postpone retirement because we don’t have enough money. Another issues unique to women, we live longer IN retirement. It means our savings have to last longer.Women views need to get a good understanding of what they will need and even want for income in retirement and have concrete plans – as far as it lies with you- to achieve those goals.One way suggested in the study: Women do much better when we work as a team with either a partner or an advisor. If you are, like many women, concerned about your money, do something, COMMUNICATE- talk with someone, someone with whom you are COMPATIBLE, and develop a plan. The result will be CONFIDENCE in your future. You will feel SO much better!Citations: http://www.metlife.com/mmi/research/women-retirement-extra-long-life.html#findingsMarion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc., Norumbega Financial and all other entities listed herein are separate entities, independently owned and operated. Information is for educational purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.


MENU