Tax Advice Santa Rosa – WHAT WOMEN SHOULDN’T RETIRE WITHOUT

October 24th, 2013 → 9:42 pm @ // No Comments

A practical financial checklist for the future.

When our parents retired, living to 75 amounted to a nice long life and Social Security was often supplemented by a pension. How different things are today!

The good news is that life expectancy for women – as measured by the Centers for Disease Control – is now 81.1 years. The Social Security Administration estimates that the average 65-year-old woman today will live to age 86.

Given these projections, it appears that a retirement of 20 years or longer might be in your future.

Are you prepared for a 20-year retirement? How about a 30- or 40-year retirement? Don’t laugh, it could happen: the SSA projects that about 25% of today’s 65-year-olds will live past 90, with approximately 10% living to be older than 95.

How do you begin? How do you draw retirement income off of what you’ve saved, and how could you create other possible income streams? How do you try and protect your retirement savings and other financial assets?

Talking with a financial professional may give you some good ideas. You want an advisor who understands the particular challenges that many women face in saving for retirement (time out of the …Read More


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